Saudi Arabia Indoor Golf Simulators Market
Saudi Arabia Indoor Golf Simulators Market, By Type (Single Screen Analog Golf System, Three Screen Analog Golf System, Ring Screen Analog Golf System, Other); By Application (Residential, Commercial); Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: February 2023
- Report ID: BWC23089
- Available Format: PDF
- Page: 117
Report Overview
High disposable income and purchasing power of people in Saudi Arabia along with their rising expenditure on indoor leisure activities post the pandemic, and the growing adoption of AR/VR technology are expected to drive the expansion of indoor gold simulators market in Saudi Arabia during the forecast period between 2023 and 2029.Saudi Arabia Indoor Golf Simulators Market - Industry Trends & Forecast Report, 2029
Saudi Arabia indoor golf simulators market size is projected to grow at a significant CAGR during the forecast period between 2023 and 2029. Major growth factors for Saudi Arabia indoor golf simulators market include high disposable income and purchasing power of Saudi consumers along with rising expenditure on indoor leisure activities post the COVID-19 pandemic. To exploit the growing demand for indoor golf simulators in Saudi Arabia, the companies are also launching a wide range of products as well as community centers are being opened solely dedicated to golf simulators, which is propelling the growth of the market. The increasing popularity of golf among the young population is also projected to contribute to the growth of Saudi Arabia indoor golf simulator market growth during period in analysis.
Saudi Arabia Indoor Golf Simulators Market – Overview
Using high-tech equipment called a golf simulator, one may practice golf inside a digitally replicated golf course. It is a digital golf setting created to closely resemble the real game, assisting the user in swing analysis, identifying their areas of weakness, and improving their game without having to visit a nearby course. To recreate the experience of more accurately being on the course, golf simulators frequently include an impact screen into which players knock their balls. Shots into a net with a screen to the side will produce the same outcomes, but the sense of immersion is lost.
Saudi Arabia Indoor Golf Simulators Market
Growth Drivers
Rising Popularity of Golf in Saudi Arabia
Golf as a sport is gaining huge popularity in Saudi Arabia. However, Saudi has only 10 golf courses across the country. This is providing lucrative growth opportunities for indoor golf simulators. The number of indoor golf simulator facilities is growing quickly in Saudi Arabia along with the demand for indoor golf simulators, which is considerably boosting the market's overall growth. In addition, several brand-new indoor golf facilities are providing lower subscription costs to draw high school students and younger golf teams. The government of Saudi Arabia is also investing in sporting events, including golf, to boost tourism. All these factors are forecast to fuel the expansion of indoor golf simulator market in Saudi Arabia during the period in analysis.
Restraints
High Cost of Indoor Golf Simulators
Saudi Arabia indoor golf simulator market growth is constrained by high installation and maintenance costs. The typical cost of an indoor golf simulator may be between SAR 18,000 and SAR 56,000 (approximately USD 5,000 and 15,000) and can reach as high as SAR 260,000 SAR (approximately USD 70,000). The proprietors of golf venues occasionally had to pay for rent and staff on top of the expense of installation. All these expenses quickly add up to subscription fees, which may restrict the number of clients in the commercial facilities that offer indoor golf simulators and hence restrain the expansion of the market.
Impact of COVID-19 on Saudi Arabia Indoor Golf Simulators Market
The COVID-19 pandemic provided Saudi Arabia's indoor golf simulator business with significant development potential, despite its early negative effects on the industry. The initial pandemic outbreak in the country caused the golf courses and commercial indoor golf facilities to be shut down owing to lockdown and social distancing regulations. The indoor golf simulators became an attractive alternative for private golf practice and a pleasurable pastime without having to travel to a golf course, which significantly fueled its demand in the Saudi Arabia market. The market for indoor golf simulators in Saudi Arabia is also anticipated to flourish in the post-COVID-19 period due to rising health consciousness and the demand for physical exercise in this lifestyle.
Saudi Arabia Indoor Golf Simulators Market
Segmental Coverage
Saudi Arabia Indoor Golf Simulators Market – By Type
Based on type, Saudi Arabia Indoor Golf Simulators market is segregated into single-screen analog golf systems, three-screen analog golf systems, ring-screen analog golf systems, and other segments. The single-use analog golf system dominated the market in 2022. The growth of the segment is attributed to the price variable it offers over other golf simulator types. It costs between SAR 18,000 and SAR 56,000 (USD 5,000 and USD 15,000) to purchase a single-screen analog golf system, which is suitable for both residential and commercial use.
Saudi Arabia Indoor Golf Simulators Market – By Application
Based on application, Saudi Arabia indoor golf simulators market is spit into residential and commercial segments. The residential segment accounts for a higher market share owing to the high purchasing power of Saudi consumers. They are installed in private properties for leisure purposes. However, the commercial segment also covers a substantial share of the market and is projected to register the growth at a faster rate during the forecast period.
Competitive Landscape
Major players operating in Saudi Arabia indoor golf simulators market include Dirab Golf & Country Club, Golf Saudi, Riyadh Golf Club, and Groovy Golf. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Type, Application |
Key Players |
Dirab Golf & Country Club, Golf Saudi, Riyadh Golf Club, Groovy Golf |
By Type
-
Single Screen Analog Golf System
-
Three Screen Analog Golf System
-
Ring Screen Analog Golf System
-
Others
By Application
-
Residential
-
Commercial
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Indoor Golf Simulators Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- A Rising Number of Golf Courses to Increase the Market Demand
- Restraints
- Low Awareness of the Game
- Opportunities
- Growing Adoption of AR/VR Technology to Boost the Market
- Technology Advancements
- Challenges
- Negative Influence of the COVID-19 Pandemic
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Indoor Golf Simulators Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Single Screen Analog Golf System
- Three Screen Analog Golf System
- Ring Screen Analog Golf System
- Others
- By Application
- Residential
- Commercial
- By Type
- Market Size & Forecast by Value, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Indoor Golf Simulators Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Saudi Arabia Indoor Golf Simulators Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Dirab Golf & Country Club
- Golf Saudi
- Riyadh Golf Club
- Groovy Golf
- Players 5
- Player 6
- Player 7
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Saudi Arabia Indoor Golf Simulators Market Segmentation
Figure 2 Saudi Arabia Indoor Golf Simulators Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Indoor Golf Simulators Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Indoor Golf Simulators Market Share, By Type, By Value, 2019–2029
Figure 6 Saudi Arabia Indoor Golf Simulators Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Indoor Golf Simulators Market Size, By Type, By Value, 2019−2029
Table 2 Saudi Arabia Indoor Golf Simulators Market Size, By Application, By Value, 2019−2029
Table 3 Dirab Golf & Country Club Company Overview
Table 4 Dirab Golf & Country Club Financial Overview
Table 5 Golf Saudi Company Overview
Table 6 Golf Saudi Financial Overview
Table 7 Riyadh Golf Club Company Overview
Table 8 Riyadh Golf Club Financial Overview
Table 9 Groovy Golf Company Overview
Table 10 Groovy Golf Financial Overview
Market Segmentation
By Type
-
Single Screen Analog Golf System
-
Three Screen Analog Golf System
-
Ring Screen Analog Golf System
-
Others
By Application
-
Residential
-
Commercial
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