PUBLISHER: The Business Research Company | PRODUCT CODE: 1619636
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619636
Golf course equipment includes various tools, machines, and products used to manage and maintain a golf course. This equipment is crucial for preserving the quality of the course, ensuring it meets standards for playability, appearance, and environmental sustainability. It helps keep the course in top condition, enhancing the playing experience and minimizing operational interruptions.
Key types of golf course equipment are golf course lawn mowers, turf equipment, maintenance tools, irrigation systems, and golf carts. Golf course lawn mowers are specialized machines that keep the grass smooth and even, contributing to a consistent playing surface. This equipment is available through direct sales, retail stores, and online platforms. It serves different types of golf courses, including links, parkland, desert, mountain, and island courses. End users include private golf clubs, public golf clubs, and golf resorts.
The golf course equipment market research report is one of a series of new reports from The Business Research Company that provides golf course equipment market statistics, including golf course equipment industry global market size, regional shares, competitors with a golf course equipment market share, detailed golf course equipment market segments, market trends and opportunities, and any further data you may need to thrive in the golf course equipment industry. This golf course equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The golf course equipment market size has grown strongly in recent years. It will grow from $4.25 billion in 2023 to $4.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth during the historic period can be attributed to the increasing popularity of golf among women, the expansion of retail channels for golf equipment, a rise in golf events and tournaments, a growing use of golf simulators, and heightened engagement within the golf community.
The golf course equipment market size is expected to see strong growth in the next few years. It will grow to $5.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period is driven by increasing interest in golf as a sport, rising disposable incomes, growth in golf tourism, the expansion of golf courses, and a higher demand for golf cart rentals. Key trends during this period include the introduction of advanced equipment technologies, increased investment in golf infrastructure, the adoption of eco-friendly practices and equipment, advancements in turf management, and the development of golf training facilities.
The growing popularity of golf is anticipated to drive the expansion of the golf course equipment market. This surge in popularity is attributed to increased accessibility, heightened interest from younger demographics through social media and entertainment channels, and the attraction of outdoor, socially distant recreational activities. Golf course equipment is essential for maintaining turf, landscaping, and overall course conditions, which ensures a consistent, high-quality playing experience and effective course management. For example, in April 2022, a report by England Golf, a UK-based non-profit and charitable organization, revealed that the number of golf club members at affiliated venues in England reached 737,021. This represents an increase of 89,797 members, reflecting a growth rate of 13.9% compared to the February 2021 figure of 647,224. Consequently, the rising popularity of golf is expected to continue driving the golf course equipment market forward.
Leading companies in the golf course equipment market are focusing on developing technologically advanced products, such as battery-powered slope mowers, to promote eco-friendly operations, lower noise levels, and reduce emissions. A battery-powered slope mower is an electric mowing device designed for efficient grass maintenance on steep or uneven terrain, powered by rechargeable batteries to provide environmentally friendly and quiet operation. For instance, in February 2023, Toro Company, a US-based lawnmower manufacturer, introduced the eHoverPro, a state-of-the-art golf mower featuring zero-engine emission technology. This lightweight mower is engineered for optimal control and stability on slopes and contoured surfaces and is fully compatible with the Toro 60V Flex-Force Power System, allowing users to interchange the 7.5Ah batteries with other tools in the product line. The eHoverPro includes a push-button, single-speed motor for reliable starting and a profiled handlebar for improved maneuverability, making it ideal for mowing hillsides, areas around bunkers, and tee boxes.
In March 2022, Sentosa Golf Club, located in Singapore, partnered with The Toro Company and its local distributor, Jebsen & Jessen, to provide a comprehensive range of equipment and irrigation solutions to support the club's maintenance requirements. This collaboration aims to bolster the club's sustainability initiatives by offering hybrid and electric equipment, as well as advanced irrigation systems designed to optimize water usage and reduce engine emissions. The Toro Company is a US-based manufacturer known for its durable, high-performance landscaping and golf equipment.
Major companies operating in the golf course equipment market are Deere & Company, Kubota Corporation, E-Z-GO, Husqvarna AB, The Toro Company, Bobcat Co., Rain Bird Corporation, Hunter Industries Inc., Club Car Inc., AriensCo, Ventrac, Land Pride, Smithco Inc., Scag, Jacobsen, Hustler Turf Equipment Inc., Redexim BV, Salsco Inc., Turfco Manufacturing Inc., Yamaha Golf Car Company, Bernhard and Company Ltd., Lastec LLC, Greenman Golf & Turf Solutions, Parkland Products, TurfTime Equipment LLC
Asia-Pacific was the largest region in the golf course equipment market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the golf course equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the golf course equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The golf course equipment market consists of sales of fairway mowers, aerators, bunker rakes, groomers, and sprayers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Golf Course Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on golf course equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for golf course equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The golf course equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.