Golf Industry
Dominant Economic Characteristic
Market size
SRI estimates that the overall golf economy was approximately $62.2 billion in the year 2000. This estimate is comprised of $38.8 billion in core industries, and an additional $23.4 billion in enabled industries. It is interesting to note that in a study of similar scope analyzing the game in 1987,3 the golf industry was projected to grow to between $25.2 billion (no growth scenario) and $57.8 billion (most optimistic growth scenario) by the year 2000. The growth in the golf economy since 1987 can be attributed to a number of factors. These include growth in the number and diversity of players, the increasing importance of golf real estate, expansion of the golf tourism industry, and one of the longest economic expansions in our nation's history (1992-2000).
Golf course facilities - where golfers play the game, take lessons, play in tournaments, and relax with a sandwich and refreshment afterwards - represent the largest and most......
View the rest of this paper...
Approximate Word Count: 572
Approximate Pages: 3 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Golf Industry
Golf industry. ... Vertical integration There are some vertical integration in the
golf industry for most of the competitors in this industry. ... -
The Rise Of The Golf Industry: Home And Abroad.
The Rise of the Golf Industry: Home and Abroad. ... Where? Golf has been growing in America
ever since the introduction of Tiger Woods into the golf industry. ... -
Golf Industry
Golf Industry. PART: GOLF – RESORTS Golf continues to gain in popularity,
especially among well-heeled travelers, and there are ... -
Callaway Golf Industry
Callaway golf industry. Memo Re: McDonald's Case Study Overview McDonald's
is a US based company with a mission to globally standardize ... -
Glf
... Callaway had also decided in May 1996 to enter the $ 650 million golf ball market
(see Exhibit 3b for a break down of the golf industry market by segment) by ...
Frat Files
Members
Information
