GITNUX MARKETDATA REPORT 2024

Golf Simulator Industry Statistics

The golf simulator industry is poised for significant growth, driven by increasing interest in golf, advancements in technology, and the ability to offer a realistic golfing experience in indoor settings.

Highlights: Golf Simulator Industry Statistics

  • The global golf simulator market was valued at $26.8 million in 2018.
  • The golf simulator market is projected to reach USD $51.3 million by 2027.
  • The golf simulator market is expected to expand at a CAGR of 5.4% from 2020 to 2027.
  • On the basis of installation, the residential application segment led the market and accounted for over 56% share of the total revenue in 2019.
  • North America dominated the golf simulator market with a share of 34.6% in 2019.
  • Asia Pacific is expected to exhibit the highest CAGR of 6.5% from 2020 to 2027
  • Full Swing Golf Inc and Foresight Sports are among the key industry participants, accounting for a significant share of the global market in 2019.
  • Simulator segment is projected to expand at the fastest CAGR of 5.8% from 2020 to 2027.
  • Indoor golf simulator market is expected to grow at a CAGR of 10.1% during the forecast period (2020-2025).
  • Online golf simulator market size is projected to reach USD 2912.6 Million by 2026, from USD 1839.7 Million in 2020.
  • About 21% of the market size in 2018 came from the Europe region.
  • The market for golf simulation in Asia is projected to grow by 8.4% up until 2027.
  • The golf simulator market in US is to grow at a CAGR of 14.2% between 2020-2025.
  • The golf simulator market in Canada is to grow by 13.4% CAGR during 2020-2025.
  • Global residential segment is expected to reach USD 21.0 million by 2027.
  • The commercial segment accounted for a share of 41.3% in 2019 on an installation basis.
  • According to Mike Jakob, the president and CEO of aboutGolf, there are about 50,000 golf simulator owners in the US.

Table of Contents

The Latest Golf Simulator Industry Statistics Explained

The global golf simulator market was valued at $26.8 million in 2018.

The statistic indicates that the global golf simulator market had a total value of $26.8 million in the year 2018. This figure represents the combined revenue generated from the sales of golf simulators, which are interactive systems that replicate the experience of playing golf indoors. The value of the market implies the total amount spent by consumers, businesses, and other entities on purchasing golf simulators during the specified year. This statistic provides insight into the size and growth of the golf simulator industry, reflecting the demand for these products and the overall interest in virtual golf experiences among consumers and enthusiasts worldwide.

The golf simulator market is projected to reach USD $51.3 million by 2027.

The statistic that the golf simulator market is projected to reach USD $51.3 million by 2027 indicates the anticipated total revenue generated by sales of golf simulators and related equipment within the market by that year. This figure serves as a forecast of the industry’s growth potential and overall value. The projected increase suggests a growing interest in golf simulators as a popular indoor recreational activity, as well as a reflection of the technological advancements and affordability driving market expansion. Additionally, the statistic can inform stakeholders, investors, and industry professionals about the market’s trajectory and opportunities for business growth within the golf simulator industry.

The golf simulator market is expected to expand at a CAGR of 5.4% from 2020 to 2027.

This statistic indicates that the golf simulator market is projected to grow at a compound annual growth rate (CAGR) of 5.4% between the years 2020 and 2027. This means that the market size for golf simulators is expected to increase by an average of 5.4% each year during this period. The CAGR provides a smooth representation of the growth rate over the entire time frame, accounting for any fluctuations that may occur. This projection suggests a positive trend in the demand and adoption of golf simulators, likely driven by factors such as technological advancements, increasing interest in indoor sports, and the convenience they offer for practicing golf skills without the need for a golf course.

On the basis of installation, the residential application segment led the market and accounted for over 56% share of the total revenue in 2019.

This statistic indicates that in 2019, the residential application segment had the highest proportion of total revenue compared to other installation types in the market. Specifically, over 56% of the total revenue in the market was generated from residential installations. This suggests that the demand for this particular type of installation was significantly higher compared to other segments such as commercial or industrial applications. The success and dominance of the residential application segment in terms of revenue generation in 2019 suggest that it is a key driver of the market and may have a significant impact on industry trends, competition, and future growth opportunities.

North America dominated the golf simulator market with a share of 34.6% in 2019.

The statistic ‘North America dominated the golf simulator market with a share of 34.6% in 2019’ indicates that North America held the largest portion of the market compared to other regions. This means that more than a third of the global market for golf simulators was captured by North America in 2019. This dominance suggests a strong presence of golf simulator businesses, manufacturers, and users in the region, potentially driven by factors such as a high interest in golf, disposable income, technological advancements, and accessibility to these products and services. The statistic highlights North America as a significant player in the golf simulator industry, influencing trends and shaping the market landscape.

Asia Pacific is expected to exhibit the highest CAGR of 6.5% from 2020 to 2027

This statistic indicates that the Asia Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) of 6.5% between the years 2020 and 2027. This suggests that the economies and markets within the Asia Pacific region are anticipated to expand at a faster rate compared to other regions during this period. The higher CAGR reflects potential economic growth, increased consumer demand, and various business opportunities in the region. Investors and businesses may consider this information when making decisions related to market expansion, investment opportunities, and strategic planning in relation to the Asia Pacific region.

Full Swing Golf Inc and Foresight Sports are among the key industry participants, accounting for a significant share of the global market in 2019.

The statistic suggests that Full Swing Golf Inc and Foresight Sports, two prominent companies in the golf industry, play a major role in shaping the global market landscape in 2019. By accounting for a significant share of the market, these industry participants likely possess a strong influence in setting industry trends, developing innovative products and services, and driving competition within the market. Their market presence indicates that they are well-established, reputable companies that are likely to have a strong impact on the overall performance and direction of the industry as a whole.

Simulator segment is projected to expand at the fastest CAGR of 5.8% from 2020 to 2027.

The statistic that the simulator segment is projected to expand at the fastest CAGR of 5.8% from 2020 to 2027 indicates that the simulation technology industry is expected to experience significant growth over the next seven years. This growth rate suggests that there is increasing demand for simulator products and services, possibly driven by advancements in technology, increased adoption in various industries such as aviation, automotive, healthcare, and defense, as well as the need for training and simulation solutions. The higher CAGR of the simulator segment compared to other segments within the industry signifies the potential for substantial market opportunities and development in this specific area of simulation technology.

Indoor golf simulator market is expected to grow at a CAGR of 10.1% during the forecast period (2020-2025).

This statistic indicates that the indoor golf simulator market is projected to experience a Compound Annual Growth Rate (CAGR) of 10.1% over the period from 2020 to 2025. This implies that the market is expected to expand steadily at an annual rate of 10.1% during this forecast period. The CAGR is a useful metric for assessing the overall growth potential of a market as it provides a smooth representation of growth over time, taking into account the compounding effect. The forecast suggests a positive outlook for the indoor golf simulator industry, indicating increasing demand and adoption of these products over the coming years.

Online golf simulator market size is projected to reach USD 2912.6 Million by 2026, from USD 1839.7 Million in 2020.

The statistic indicates that the market size for online golf simulators is expected to experience significant growth over the specified period. Starting from a base of USD 1839.7 Million in 2020, the market size is projected to reach USD 2912.6 Million by 2026. This represents a compound annual growth rate (CAGR) between the two years, reflecting the increasing popularity and adoption of online golf simulators among consumers. The forecasted growth suggests a positive trend in the industry, driven by factors such as technological advancements, growing interest in indoor sports, and the convenience of accessing golf simulation experiences from home or other locations.

About 21% of the market size in 2018 came from the Europe region.

The statistic “About 21% of the market size in 2018 came from the Europe region” indicates that approximately one-fifth of the total market size in 2018 was contributed by Europe. This suggests that Europe played a significant role in the overall market performance for that year. By accounting for 21% of the market size, it signifies the economic importance and influence of the European region within the market landscape. This information could be valuable for businesses and policymakers looking to understand the regional distribution of market activity and potentially target opportunities for growth or investment within Europe.

The market for golf simulation in Asia is projected to grow by 8.4% up until 2027.

The statistic indicates that the market for golf simulation in Asia is expected to experience significant growth, with a projected increase of 8.4% up to the year 2027. This suggests a positive trend in the demand for golf simulation products and services in the region, driven by factors such as rising interest in golf, technological advancements in simulation technology, and the increasing popularity of indoor sports and entertainment options. The projected growth rate highlights the potential for businesses operating in the golf simulation industry to expand their market presence and capitalize on the growing demand in Asia over the next few years.

The golf simulator market in US is to grow at a CAGR of 14.2% between 2020-2025.

The statistic stating that the golf simulator market in the US is projected to grow at a compound annual growth rate (CAGR) of 14.2% between 2020 and 2025 indicates that the market is expected to experience significant expansion over the next five years. This growth rate suggests a steady and consistent increase in the market size and demand for golf simulators in the US, driven by factors such as technological advancements, increasing interest in golf among a wider range of demographics, and the convenience and accessibility offered by indoor golf simulators. Businesses operating in the golf simulator industry can use this statistic to make informed decisions regarding investments, marketing strategies, and expansion opportunities in order to capitalize on the projected growth trend.

The golf simulator market in Canada is to grow by 13.4% CAGR during 2020-2025.

The statement suggests that the golf simulator market in Canada is expected to experience a Compound Annual Growth Rate (CAGR) of 13.4% over the period of 2020 to 2025. This growth rate indicates the annualized rate at which the market is projected to expand during this timeframe. A CAGR of 13.4% signifies a healthy and robust growth trend in the demand for golf simulators in Canada. Factors contributing to this growth could include increasing interest in golf as a recreational activity, technological advancements in simulator systems, and potentially a shift towards indoor golfing experiences. The projection implies significant opportunities for businesses operating in this market to capitalize on the growing demand for golf simulators in Canada.

Global residential segment is expected to reach USD 21.0 million by 2027.

The statistic states that the global residential segment market is projected to grow and reach a value of USD 21.0 million by the year 2027. This figure reflects the anticipated total revenue generated by residential activities worldwide, such as housing construction, real estate sales, and home-related services. The projected growth in the residential segment suggests a positive outlook for the housing industry, driven by factors like population growth, urbanization, and increased demand for housing. This statistic serves as an important indicator for stakeholders in the residential sector, including real estate developers, construction companies, and investors, to plan and strategize for the future market trends and opportunities.

The commercial segment accounted for a share of 41.3% in 2019 on an installation basis.

This statistic indicates that the commercial sector represented 41.3% of new installations in a particular industry in 2019. This means that nearly half of all new installations that year were in commercial settings, such as businesses, offices, or other non-residential properties. This information can be important for analyzing market trends, understanding the demand for products or services within the commercial sector, and making strategic decisions related to marketing, sales, and product development for companies operating in this industry.

According to Mike Jakob, the president and CEO of aboutGolf, there are about 50,000 golf simulator owners in the US.

The statistic provided by Mike Jakob, the president and CEO of aboutGolf, states that there are approximately 50,000 golf simulator owners in the United States. This figure represents the estimated number of individuals or businesses that have purchased and installed golf simulators for recreational or training purposes. Golf simulators are a popular technology that allows users to play virtual golf courses and practice their game indoors. The statistic highlights the growing interest in golf simulators as a convenient and accessible way to enjoy the sport, improve skills, and participate in virtual competitions, indicating a significant market presence and demand for this technology within the US.

References

0. – https://www.www.marketstudyreport.com

1. – https://www.www.globenewswire.com

2. – https://www.www.forbes.com

3. – https://www.www.grandviewresearch.com

4. – https://www.www.mordorintelligence.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!