The US Golf Participation Equipment Demand and Forecast

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The present report on “The US Golf Participation Equipment Demand and Forecast” provides a detailed study on the US golf environment and future prospects for investors. The report has assessed the industry performance in terms of participation rate, equipments demand including industry trends/developments, macro economy environment and growth drivers in the study. Future forecasting aids to understand expected growth/fall in the demand and reasons behind change. The report also covers the profiles of major players in the market and their expansion strategies.

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The US Golf Participation Equipment Demand and Forecast

  1. 1. TABLE OF CONTENTS1. Golf Industry Performance Worldwide1.1. Overview1.2. Global Golf Equipment Demand and Economy2. The US Golf Industry Overview2.1. Industry Segmentation3. Industry Performance3.1. Golf Course Revenues3.2. Golf Supplies/Equipment Market3.3. The US Golf Supply/Equipment Industry Forecast3.3.1. Cause and Effect Relationship4. US Golf economy4.1. Number of Golfers4.2. Rounds Played4.3. Golf Facilities in the US4.3.1. Golf Course Closures5. Golf Industry Trends and Developments in the US6. The US Macro Economy Factors and Impact over Golf Industry6.1. Population Growth and Golf Participants6.2. The US Economy, Contribution of Golf Industry6.3. Personal Disposable Income (Historical and Present Performance)6.4. Inflation7. US Golf Industry Driving Forces8. Industry Competition8.1. Types of Players8.2. Company Profiles8.2.1. GolfSmith8.2.2. Dick’s8.2.3. Sports Authority9. Appendix
  2. 2. 9.1. Abbreviations9.2. Definitions9.3. Research Methodology Data Collection Methods Approach9.4. DisclaimerLIST OF FIGURESFigure 1: Golf Economy StructureFigure 2: The US Golf Industry Segments 2011Figure 3: The US Golf Course Revenues (2006-2011)Figure 4: Golf Equipment Revenues in the US (2006-2011)Figure 5: The US Golf Clubs Market by Value (2006-2011)Figure 6: Golf Balls Retail Sales in the US (2006-2011)Figure 7: The US Golf Equipment Market Forecast (2011-2016)Figure 8: The US Golf Clubs Market Forecast (2011-2016)Figure 9: Total Number of Rounds Played in the US (2006-2010)Figure 10: Total Number of Golf Facilities in the US (2000, 2005&2010)Figure 11: The US Golf Course Closures (2006, 2007 & 2010)Figure 12: Total Population in the US (2000-2010)Figure 13: The US GDP at Current Prices (2000-2010)Figure 14: Personal Disposable Income in the US (2000-2010)Figure 15: The US inflation, Average Consumer Prices in % (2007-2015F)Figure 16: The US Golf Participants by Age in 2010Figure 17: Golf Participation by Working Group 2011Figure 18: Incremental Rounds Played by Aging Population in the US (2006-2015)
  3. 3. LIST OF TABLESTable 1: The US Export of Golf Balls to Countries Worldwide in 2009 by ValueTable 2: Relation between independent factors and the US Golf IndustryTable 3: Total Number of Golfers in the US (Age 6+) (2006-2011)Table 4: Change in Number of Rounds Played by States in 2010Table 5: Missouri Golf Equipment and Supplies Retail Sales (2009-2011)Table 6: Number of Top Golf Courses in the US (2010)
  4. 4. THE US GOLF INDUSTRY OVERVIEWThe US golf industry is one of the largest in the world ranking and has advanced golffacilities. While in recent times, its growth rate is slower than expected because of the highcost involved in the game and present condition of the economy which does not allowspending much on leisure activities.GOLF COURSE REVENUES Total golf course revenues were up 0.90% in 2010 andTotal golf course revenues 0.94% in 2011 reaching to value of USD ~ billion andwere up 0.90% in 2010 and USD ~ billion respectively. The figures suggest a positive0.94% in 2011 growth in golf demand and supply while growth rate is relatively low. Government is taking safety measures tostabilize economy which may push golf participation and demand for more private golfcourses in the country.Figure: The US Golf Course Revenues (2006-2011) USD Billion 2006 2007 2008 2009 2010 2011
  5. 5. GOLF SUPPLIES/EQUIPMENT MARKET In 2009, consumer purchases of golf supply/equipment Golf equipment revenues in 2010 witnessed 1.64% growth declined by 11.45% reaching USD ~ billion compared to USD ~ billion in 2008. Golf market showed a positive response in 2010 driven by economy overcoming fromrecession and increasing golf events in the country. Golf equipment revenues in 2010witnessed 1.64% growth to USD ~ billion.Figure 1: Golf Equipment Revenues in the US (2006-2011)USD Billion 2006 2007 2008 2009 2010 2011Figure: The US Golf Clubs Market by Value (2006-2011)USD Billion 2006 2007 2008 2009 2010 2011
  6. 6. In 2009 golf ball sales was USD ~ million falling 3.33% from previous year, while sale ofused balls increased during the period because of cost cutting strategy adopted by some of thepublic and private golf clubs. Golf balls retail sales increased in 2010 and 2011 at a lowgrowth rate.Figure: Golf Balls Retail Sales in the US (2009 & 2010) USD Million 2006 2007 2008 2009 2010 2011In terms of international golf ball sales, US is the leading market. According to statisticscollected from United States International Trade Commission, in 2009 the US companiestransported USD ~ million of golf balls in many countries worldwide. The import of golfballs by US reached USD ~ million and trade surplus reached USD ~ million.Table: The US Export of Golf Balls to Countries Worldwide in 2009Countries Export Value in USD MillionUnited KingdomCanadaJapanSouth KoreaAustraliaNetherlandsHong KongSingaporeMexicoSouth Africa
  7. 7. THE US GOLF SUPPLY/EQUIPMENT INDUSTRY FORECAST In general considering the condition of the economy, Golf Equipment market is AM Mindpower expected equipment retail sales to grow expected to grow at a CAGR at a CAGR 3.63% but taking present economy condition 3.08% from 2012-2016 into consideration, market is expected to grow at a CAGR 3.08% from 2012-2016. Demand for golfequipments is expected to be low in year 2012 due to loosing investor’s confidence, slowrecovery and recent fall in golf tourism market. In 2011, golf clubs accounted In 2011, golf clubs accounted for 30.60% of the US for 30.60% of the US golf golf equipment market and are further expected to equipment market and are grow 4.38% in 2013. The future growth is expected to further expected to grow 4.38% be driven by recovering country’s financial condition, in 2013 rising employment rate and government’s approval of establishing new golf facilities.Figure: The US Golf Equipment Market Forecast (2011-2016) USD Billion 2011 2012 2013 2014 2015 2016
  8. 8. Figure: The US Golf Clubs Market Forecast (2011-2016) USD Billion 2011 2012 2013 2014 2015 2016THE US GOLF ECONOMYNUMBER OF GOLFERSThere was a fall in number of golfers in 2009 as compared to 2000 (~ million) & 2005 (~million). In 2010, the number of golfers decreased again by 3.32% to ~ million due to fall innumber of core golfers by 3.60% from ~ million in 2009 to 14.80 million in 2010.Table: Total Number of Golfers in the US (Age 6+) (2006-2011) 2006 2007 2008 2009 2010 2011EAdult Female 18+Adult Male 18+Total Adults Girls 6-17 Boys 6-17 Total JuniorsTotal Golfers
  9. 9. ROUNDS PLAYEDIn 2009, ~ million rounds of golf were played in the country down by 2.30% in 2010 to ~million. A fall in rounds played showcases the impact of uncertain economy conditionsprevailing in the country and also changing weather conditions accountable for fall in totalrounds played during 2010.Figure: Total Number of Rounds Played in the US (2006-2010) No. of Rounds Played in Million 2006 2007 2008 2009 2010GOLF FACILITIES IN THE USAt the end of 2010, there were ~ golf facilities 1 in the US; while for public ~ were open.Numbers of facilities in 2010 registered a fall compared to 2005 results and by 2014 areexpected to show a positive growth due to rising interest of females in Golf as well asupcoming events planned by various associations in different states.1 Facility: A facility is a complex containing at least one golf course.
  10. 10. Figure: Total Number of Golf Facilities in the US (2000, 2005&2010) No of Golf Facilities 2000 2005 2010GOLF COURSE CLOSURESIn 2010, a decline in number of golf course closure has been witnessed, from ~ closures in2007 to ~ in 2010 (in 18-hole equivalents). However ~ golf courses were closed in 2006 dueto net negative facility growth during the year.Figure: The US Golf Course Closures (2006, 2007 & 2010) No of Golf Clousers 2006 2007 2010For more information, please contact info@ammindpower.com
  11. 11. DISCLAIMERThe research reports provided by AM Mindpower Solutions are for the personal informationof the authorized recipient and is not for public distribution and should not be reproduced orredistributed without prior permission. You are permitted to print or download extracts fromthis material for your personal use only. None of this material may be used for anycommercial or public use.The information provided in the research documents is from publicly available data and othersources, which are reliable. Efforts are made to try and ensure accuracy of data. With respectto documents available, neither the company nor any of its employees makes any warranty,express or implied, including the warranties of merchantability and fitness for a particularpurpose, or assumes any legal liability or responsibility for the accuracy, completeness, orusefulness of any information, apparatus, product, or process disclosed, or represents that itsuse will not infringe privately owned rights.The report also includes analysis and views expressed by our research team. The researchreports are purely for information purposes. The opinions expressed are our current opinionsas of the date appearing in the material and may be subject to change from time to timewithout notice. Investors should not solely rely on the information contained in the researchdocuments and must make investment decisions based on their own investment objectives,risk profile and financial position. The recipients of this material should take their ownprofessional advice before acting on this information.A M Mindpower Solutions will not accept returns of reports once dispatched due to theconfidentiality of information provided in our reports. In case, a report qualify for return, wewill issue a credit, minus shipping charges, of equal value to the original purchase price,toward a future purchase—no refunds. The decision about whether the product return can beaccepted or not is solely at our discretion. Any dispute will be subject to laws of India andexclusive jurisdiction of Indian Courts.No part of this manual or any material appearing may be reproduced, stored in ortransmitted on any other Web site without written permission of AM Mindpower Solutionsand any payments of a specified fee. Requests to republish any material may be sent to us.

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