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Golf Driving Ranges & Family Fun Centers in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 77 Pages
SKU # IBSS19340606

Description

Golf Driving Ranges & Family Fun Centers in the US - Industry Market Research Report


Golf Driving Ranges & Family Fun Centers in the US

A rise in time spent on leisure activities is driving consumers toward recreational services. Golf driving range and family fun center providers are part of a larger industry group with more than one hundred indoor and outdoor entertainment, recreation, amusement, camp and club services. Consumer recreational expenditures declined and shifted to local outdoor recreation or in-home entertainment during the COVID-19 (coronavirus) pandemic. The precipitous drop in industry purchases and a significant increase in the unemployment rate impacted many recreation service providers. They caused industry revenue to idle at a CAGR of 0.1% to $16.8 billion through 2023. Lower purchases, rent and marketing costs allowed a bounce back in profit from pandemic lows, despite a slight increase in revenue of 0.4% in 2023.

Industry operators provide recreational and amusement services through a variety of establishments, including golf driving ranges, miniature golf centers, go-kart racetracks, batting cages, family fun centers, recreational sports leagues and a wide assortment of outdoor recreational activities. This industry excludes arcades, themed amusement parks, gambling facilities, golf courses, country clubs, skiing facilities, marinas, fitness and recreational sports centers and bowling alleys.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

77 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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