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European Golf Industry - Present Performance and Future Outlook

37 Pages Ken Research January 01, 2012 SKU: AMPS6766123

EXECUTIVE SUMMARY

European golf market is developing with increasing number of golfers of all age groups offering opportunities for golf equipment and accessories retailers in the region. In most European countries, male golfers have leverage and dominate in terms of participation rate. Currently, around three fourth golfers are male, and one fourth accounts for women and junior golfers. Issues such as climate change, insufficient water supply, land availability and government policies in European countries are restricting establishment of new golf courses. Golf is treated as an expensive sport compared to other outdoor sports, with high membership fee.

In 2010, an increase in the number of golfer has been witnessed especially in full length golf courses in the UK. European economy is facing debt crisis and the present economic changes affected forecast for European golf industry as well. Falling national income and trade, manufacturers of golf equipments have reduced their production estimate for 2012 and 2013.

Golf tourism revenues are already low in the region with trend shifting towards Asian countries. Golf construction industry is also struggling to overcome from the setback. In short term, demand for golf equipments will be low and accordingly manufacturers have planned to reduce production quantity. Golf industry in major European countries signal a positive outlook from mid 2013 onwards led by upcoming tournaments and channelized efforts of private golf clubs to recover from losses.

The report on “European Golf Industry Present Performance and Future Outlook” offers detailed analysis of the golf demand and near term prospects in Europe. The report includes industry performance in terms of participation, number of golfers, golf economy, golf facility operations market, equipments market and forecasts. It also discusses industry trends and developments, golf course development by geography, impact of macro economy performance and driving forces.

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European Golf Industry - Present Performance and Future Outlook

Ken Research
January 01, 2012

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