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United States Indoor Golf Simulators Market
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United States Indoor Golf Simulators Market

Home Consumer Goods And Retail United States Indoor Golf Simulators Market

United States Indoor Golf Simulators Market - By Type (Single Screen Analog Golf System, Three Screen Analog Golf System, Ring Screen Analog Golf System, Other); By Application (Home Use, Commercial Use), Trend Analysis, Competitive Landscape & Forecast, 2023–2029

  • Published Date: January 2023
  • Report ID: BWC23015
  • Available Format: PDF
  • Page: 114

Report Overview

Increasing number of product launches by companies and expanding the use of these simulators by professional golf players to practice their swing in regulated environments are expected to drive United States Indoor Golf Simulators Market during the forecast period between 2023 and 2029.

United States Indoor Golf Simulators Market - Industry Trends & Forecast Report, 2029

United States indoor golf simulators market size is projected to grow at a CAGR of 11.2% during the forecast period between 2023 and 2029. The growth of the indoor golf simulators market in the United States is associated with factors including increasing launches of these products by companies and expanding use of these simulators by professional golf players to practice their swing in regulated environments. Furthermore, indoor golf simulators are also gaining traction due to the growing popularity of golf among the younger population along with an increasing number of commercial spaces offering indoor golf simulators for renting and leisure purposes.

United States Indoor Golf Simulators Market

Growth Drivers

Rising Number of Golf Courses across the US

With the rising demand for indoor golf simulators in the United States, the number of indoor golf simulator centers is also increasing at a high rate, which is significantly propelling the growth of the overall market. For instance, a new indoor golf simulator venue is being opened by Tee Times in Mankato, Minnesota. Additionally, certain new golf venues are also separating bars from their centers and offering cheaper subscription prices to attract high school kids and younger golf teams. All these factors are anticipated to boost the growth of the United States indoor golf simulator market in the forecast period.

Restraints

High Cost of Indoor Golf Simulators

The high installation and maintenance cost acts as a significant restraining factor for the growth of United States indoor golf simulator market. The average price of an indoor golf simulator may range around USD 5,000 to USD 15,000 and can go up to more than USD 70,000. Along with the cost of installation, the golf venue owners sometimes also had to incur the cost of rent and personnel. All these costs snowball directly into the subscription fees, which may limit the number of customers.

Impact of COVID-19 on the United States Indoor Golf Simulators Market

Although initially affected the market negatively, the COVID–19 pandemic offered great growth opportunities to the United States indoor golf simulators market. During the initial outbreak, the indoor golf centers were closed due to lockdown and social distancing regulations. However, as they reopened, they served as an effective alternative for solo golf practice and as a fun activity without needing to go to the golf course. Furthermore, growing health consciousness and the need for physical activity in this lifestyle are also propelling the growth of the United States indoor golf simulators market in the post–COVID–19 period.

United States Indoor Golf Simulators Market

Segmental Coverage

United States Indoor Golf Simulators Market – By Type

Based on type, the United States indoor golf simulator 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 segment held the largest market share in 2022 and is projected to dominate the market in the forecast period as well. The growth of this segment is mostly because of the price dynamic it offers compared to other simulator prices. A single-screen analog golf system costs around USD 5,000–15,000, which fits well for both home as well as commercial use.

United States Indoor Golf Simulators Market – By Application

Based on application, the United States indoor golf simulators market is split into the home–use and commercial–use segments. The commercial use segment accounts for the largest market share. The high installation cost limits its adoption for the home–use purposes, which is why it is more popular in the commercial segment. Furthermore, the increasing number of golf simulator centers in the country for both professional and leisure purposes is attracting the American population, which is anticipated to boost the growth of the United States indoor golf simulator market in the forecast period.

Competitive Landscape

Major players operating in the United States indoor golf simulators market include Victor, Ingersoll Rand, GOLF TIME, OptiShot Golf, SkyTrak, GREENJOY, Foresight Sports, GOLFZON, and Screenzon. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In November 2022 - Tee It Up, a Florida–based golf simulator center, opened a new indoor sports performance center for golfers in Ohio.

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

Victor, Ingersoll Rand, GOLF TIME, OptiShot Golf, SkyTrak, GREENJOY, Foresight Sports, GOLFZON, Screenzon

 

 

By Type

  • Single Screen Analog Golf System

  • Three Screen Analog Golf System

  • Ring Screen Analog Golf System

  • Others

By Application

  • Home Use

  • Commercial Use

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Indoor Golf Simulators Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Number of Golf Courses Across the Country
      2. Restraints
        1. Low Awareness of the Game
      3. Opportunities
        1. Growing Adoption of AR/VR Technology to Boost the Market
        2. Technology Advancements
      4. Challenges
        1. Negative influence of the Covid-19 Pandemic
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Indoor Golf Simulators Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Single Screen Analog Golf System
        2. Three Screen Analog Golf System
        3. Ring Screen Analog Golf System
        4. Other
      2. By Application
        1. Home Use
        2. Commercial Use
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Indoor Golf Simulators Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on United States Indoor Golf Simulators Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Victor
    2. Ingersoll Rand
    3. GOLFTIME
    4. OptiShot Golf
    5. SkyTrak
    6. GREENIOY
    7. Foresight Sports
    8. GOLFZON
    9. Screenzon
    10. Other prominent players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*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  United States Indoor Golf Simulators Market Segmentation

Figure 2  United States Indoor Golf Simulators Market Value Chain Analysis

Figure 3  Company Market Share Analysis, 2021

Figure 4  United States Indoor Golf Simulators Market Size, By Value (USD Million), 2019–2029

Figure 5  United States Indoor Golf Simulators Market Share, By Type, By Value, 2019–2029

Figure 6  United States Indoor Golf Simulators Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1   United States Indoor Golf Simulators Market Size, By Type, By Value, 2019−2029

Table 2   United States Indoor Golf Simulators Market Size, By Application, By Value, 2019−2029

Table 3   Victor Company Overview

Table 4   Victor Financial Overview

Table 5   Ingersoll Rand Company Overview

Table 6   Ingersoll Rand Financial Overview

Table 7   GOLFTIME Company Overview

Table 8   GOLFTIME Financial Overview

Table 9   OptiShot Golf Company Overview

Table 10 OptiShot Golf Financial Overview

Table 11 SkyTrak Company Overview

Table 12 SkyTrak Financial Overview

Table 13 GREENIOY Company Overview

Table 14 GREENIOY Financial Overview

Table 15 Foresight Sports Company Overview

Table 16 Foresight Sports Financial Overview

Table 17 GOLFZON Company Overview

Table 18 GOLFZON Financial Overview

Table 19 Screenzon Company Overview

Table 20 Screenzon Financial Overview

 

Market Segmentation

By Type

  • Single Screen Analog Golf System

  • Three Screen Analog Golf System

  • Ring Screen Analog Golf System

  • Others

By Application

  • Home Use

  • Commercial Use

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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of United States Indoor Golf Simulators Market include rising number of golf courses across the country and growing adoption of AR/VR technology.
Ans: United States Indoor Golf Simulators Market is projected to grow at a CAGR of 11.2% during the forecast period between 2023 and 2029.
Ans: The single screen analog golf system segment held the highest market share in United States Indoor Golf Simulators Market by service type.
Ans: The commercial use segment held a highest market share in United States Indoor Golf Simulators Market by application.
Ans: Key players in United States United States Indoor Golf Simulators Market include Victor, Ingersoll Rand, GOLF TIME, OptiShot Golf, SkyTrak, GREENJOY, Foresight Sports, GOLFZON, Screenzon, and other prominent players.