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. For more information please refer to the below mentioned link: http://www.ammindpower.com/report.php?A=232&T=D&S=95

2. TABLE OF CONTENTS
1. Golf Industry Performance Worldwide
1.1. Overview
1.2. Global Golf Equipment Demand and Economy
2. The US Golf Industry Overview
2.1. Industry Segmentation
3. Industry Performance
3.1. Golf Course Revenues
3.2. Golf Supplies/Equipment Market
3.3. The US Golf Supply/Equipment Industry Forecast
3.3.1. Cause and Effect Relationship
4. US Golf economy
4.1. Number of Golfers
4.2. Rounds Played
4.3. Golf Facilities in the US
4.3.1. Golf Course Closures
5. Golf Industry Trends and Developments in the US
6. The US Macro Economy Factors and Impact over Golf Industry
6.1. Population Growth and Golf Participants
6.2. The US Economy, Contribution of Golf Industry
6.3. Personal Disposable Income (Historical and Present Performance)
6.4. Inflation
7. US Golf Industry Driving Forces
8. Industry Competition
8.1. Types of Players
8.2. Company Profiles
8.2.1. GolfSmith
8.2.2. Dick’s
8.2.3. Sports Authority
9. Appendix

3. 9.1. Abbreviations
9.2. Definitions
9.3. Research Methodology
Data Collection Methods
Approach
9.4. Disclaimer
LIST OF FIGURES
Figure 1: Golf Economy Structure
Figure 2: The US Golf Industry Segments 2011
Figure 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 2010
Figure 17: Golf Participation by Working Group 2011
Figure 18: Incremental Rounds Played by Aging Population in the US (2006-2015)

4. LIST OF TABLES
Table 1: The US Export of Golf Balls to Countries Worldwide in 2009 by Value
Table 2: Relation between independent factors and the US Golf Industry
Table 3: Total Number of Golfers in the US (Age 6+) (2006-2011)
Table 4: Change in Number of Rounds Played by States in 2010
Table 5: Missouri Golf Equipment and Supplies Retail Sales (2009-2011)
Table 6: Number of Top Golf Courses in the US (2010)

5. THE US GOLF INDUSTRY OVERVIEW
The US golf industry is one of the largest in the world ranking and has advanced golf
facilities. While in recent times, its growth rate is slower than expected because of the high
cost involved in the game and present condition of the economy which does not allow
spending much on leisure activities.
GOLF COURSE REVENUES
Total golf course revenues were up 0.90% in 2010 and
Total golf course revenues 0.94% in 2011 reaching to value of USD ~ billion and
were up 0.90% in 2010 and
USD ~ billion respectively. The figures suggest a positive
0.94% in 2011
growth in golf demand and supply while growth rate is
relatively low. Government is taking safety measures to
stabilize economy which may push golf participation and demand for more private golf
courses in the country.
Figure: The US Golf Course Revenues (2006-2011)
USD Billion
2006 2007 2008 2009 2010 2011

6. 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 from
recession and increasing golf events in the country. Golf equipment revenues in 2010
witnessed 1.64% growth to USD ~ billion.
Figure 1: Golf Equipment Revenues in the US (2006-2011)
USD Billion
2006 2007 2008 2009 2010 2011
Figure: The US Golf Clubs Market by Value (2006-2011)
USD Billion
2006 2007 2008 2009 2010 2011

7. In 2009 golf ball sales was USD ~ million falling 3.33% from previous year, while sale of
used balls increased during the period because of cost cutting strategy adopted by some of the
public and private golf clubs. Golf balls retail sales increased in 2010 and 2011 at a low
growth rate.
Figure: Golf Balls Retail Sales in the US (2009 & 2010)
USD Million
2006 2007 2008 2009 2010 2011
In terms of international golf ball sales, US is the leading market. According to statistics
collected from United States International Trade Commission, in 2009 the US companies
transported USD ~ million of golf balls in many countries worldwide. The import of golf
balls by US reached USD ~ million and trade surplus reached USD ~ million.
Table: The US Export of Golf Balls to Countries Worldwide in 2009
Countries Export Value in USD Million
United Kingdom
Canada
Japan
South Korea
Australia
Netherlands
Hong Kong
Singapore
Mexico
South Africa

8. 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 golf
equipments is expected to be low in year 2012 due to loosing investor’s confidence, slow
recovery 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

9. Figure: The US Golf Clubs Market Forecast (2011-2016)
USD Billion
2011 2012 2013 2014 2015 2016
THE US GOLF ECONOMY
NUMBER OF GOLFERS
There 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 in
number 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 2011E
Adult Female 18+
Adult Male 18+
Total Adults
Girls 6-17
Boys 6-17
Total Juniors
Total Golfers

10. ROUNDS PLAYED
In 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 conditions
prevailing in the country and also changing weather conditions accountable for fall in total
rounds played during 2010.
Figure: Total Number of Rounds Played in the US (2006-2010)
No. of Rounds Played in Million
2006 2007 2008 2009 2010
GOLF FACILITIES IN THE US
At 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 are
expected to show a positive growth due to rising interest of females in Golf as well as
upcoming events planned by various associations in different states.
1
Facility: A facility is a complex containing at least one golf course.

11. Figure: Total Number of Golf Facilities in the US (2000, 2005&2010)
No of Golf Facilities
2000 2005 2010
GOLF COURSE CLOSURES
In 2010, a decline in number of golf course closure has been witnessed, from ~ closures in
2007 to ~ in 2010 (in 18-hole equivalents). However ~ golf courses were closed in 2006 due
to net negative facility growth during the year.
Figure: The US Golf Course Closures (2006, 2007 & 2010)
No of Golf Clousers
2006 2007 2010
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