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
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- United States Indoor Golf Simulators Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising Number of Golf Courses Across the Country
- 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
- Technological 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
- United States 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
- Other
- By Application
- Home Use
- Commercial Use
- By Type
- Market Size & Forecast by Value, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- United States Indoor Golf Simulators Company Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on United States Indoor Golf Simulators Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- Victor
- Ingersoll Rand
- GOLFTIME
- OptiShot Golf
- SkyTrak
- GREENIOY
- Foresight Sports
- GOLFZON
- Screenzon
- 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 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
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Home Use
-
Commercial Use
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