Product and Service
Companies included in golf club sector in membership club and participant sport centers industry primarily own and operate membership-based private golf clubs and as well business, sports and alumni clubs.
Demand for Product and Service
As indicated by the typical company data, the demand for golf club has been increasing gradually in the past several years. The increased demand has been driven by positive changes in macro-economy and demographic/housing factors.
Sector’s Current, Trend, Causes behind trend, and Future
Current and Trend
It seems that the demand for golf clubs has been stable and continuously growing in the past three years.
Causes behind the trend
The upward trend in this industry may be consistent with what is happening in other entertainment and leisure industries, which should have been driven by improvement in economy situation.
The most direct the drive may be housing market-new house built, which directly brings potential member of those clubs near the new built houses.
As upward trend in this industry continues, companies may be able to continue to see growth in their revenue as macro economy recovers gradually.