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2024 U.S. Industry Statistics & Market Forecast - Golf Courses and Country Clubs


Market Size & Industry Statistics

The total U.S. industry market size for Golf Courses and Country Clubs: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Golf Courses & Country Clubs industry is experiencing several key trends that are shaping its future. The first trend is the increasing popularity of eco-friendly and sustainable practices in golf course management. Golf courses are investing in renewable energy, water conservation measures, and organic fertilizers to reduce their environmental footprint and appeal to environmentally conscious golfers.

The second trend is an aging demographic of golf lovers, which represents both a challenge and an opportunity for the industry. Golf courses and country clubs are exploring ways to attract younger golfers and families, such as offering flexible membership options, family-friendly activities, and improved technology to enhance the overall golfing experience.

The third trend is the rise of technology in golfing, including the use of GPS-equipped golf carts, wearable devices to track performance, and simulation technologies. Golf courses are investing in high-tech solutions to appeal to tech-savvy golfers and enhance the overall golfing experience.

Lastly, the COVID-19 pandemic has drastically impacted the golf industry, forcing many courses and country clubs to close temporarily and implement safety protocols to mitigate the spread of the virus. However, the pandemic has also sparked a renewed interest in golf as a socially distanced outdoor activity, paving the way for the industry's recovery.

In conclusion, the Golf Courses & Country Clubs industry is continuously evolving, and keeping up with these trends is crucial for sustained growth and success.



Product & Services Breakdown

Research products and services in the Golf Courses and Country Clubs industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Golf Course And Country Club Services

Golf Course And Country Club - Memberships

Golf Course And Country Club - Greens/Guest Fees

Fitness And Recreational Sports Center Services

Corporate And Party Event Services

Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption

Meals And Non-Alcoholicoholic Beverages

Alcoholic Beverages

Rental Or Lease Of Goods And/Or Equipment

Rental Of Sports And Recreational Equipment

Resale Of Merchandise

Resale Of Equipment For Sports And Recreational Activities

Resale Of Other Merchandise

All Other Receipts

All Other Operating Receipts

All Other Revenue



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Golf Courses and Country Clubs company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Golf Courses and Country Clubs industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Golf Courses and Country Clubs measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers4%
Food Preparation and Serving Related Occupations 16%
Food and Beverage Serving Workers 9%
Building and Grounds Cleaning and Maintenance Occupations 11%
Grounds Maintenance Workers 7%
Grounds Maintenance Workers 7%
Landscaping and Groundskeeping Workers 7%
Personal Care and Service Occupations 34%
Entertainment Attendants and Related Workers 13%
Miscellaneous Entertainment Attendants and Related Workers 13%
Amusement and Recreation Attendants 13%
Other Personal Care and Service Workers 17%
Recreation and Fitness Workers 16%
Exercise Trainers and Group Fitness Instructors 13%
Sales and Related Occupations 6%
Office and Administrative Support Occupations 10%
Information and Record Clerks 7%
Source: Bureau of Labor Statistics


Golf Courses and Country Clubs Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Golf Courses and Country Clubs industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Golf Courses and Country Clubs industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Golf Courses and Country Clubs industry.
Source:
IncFact