Market Overview:
The global golf putting green market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for golf courses and rising awareness about the health benefits associated with playing golf. In addition, the growing popularity of miniaturized golf courses is also propelling the growth of this market. Based on type, the global golf putting green market can be segmented into indoor putting greens and outdoor putting greens. Indoor putting greens are gaining traction due to their low installation cost as compared to outdoor Putting Greens and easy maintenance requirements. Outdoor Putting Greens are mostly used in commercial applications as they offer a realistic experience similar to that on an actual course. However, these greens require more space for installation and incur higher maintenance costs than indoorPutting Greens . Based on application, the global Golf Putting Green Market can be segmented into commercial applications and residential applications . Commercial Applications accounted for majority share in 2017 owing to rising number of private clubs across different regions coupled with increasing demand from corporate sectors for providing recreational facilities to their employees .
Product Definition:
A golf putting green is a specially designed surface used for practicing the putting stroke. The importance of a golf putting green is that it allows players to practice their putts in a realistic environment, without having to worry about the surrounding terrain or obstacles.
Indoor Putting Green:
Indoor putting green is a mat or carpet, which is placed in indoor golf facilities to provide a putting surface for players. The product was first installed in the PGA Tour's developmental tour event at the TPC at Sawgrass in 2006. Since then, it has become an annual feature on tour and many other tournaments have included this feature.
Outdoor Putting Green:
Outdoor putting green is a mat or carpet of natural fibers such as sisal, jute, and rubber that is placed in the golf course to save the ball from rolling off into the rough. It's main function is to stop balls from rolling down into ditches, streams and ravines. The product also aids in slowing down the speed of putts so that they can be caught with more accuracy.
Application Insights:
The commercial applications segment dominated the global golf putting green market in 2017, accounting for over 60% of the total revenue. The growth can be attributed to an increase in number of golf courses and hotels, resorts and other lodging places that have a Putting Green on site. These types of greens are preferred by many professionals as they provide an opportunity to practice strokes under pressure without being disturbed or seen by others.
Residential applications are expected to witness significant growth over the forecast period owing to growing interest among amateurs and professional players for designing their ownPutting Greensand having a backyard experience like no other. With easy access to different types of grasses and synthetic turfs, homeowners can now design their very own Putting Green with just a few clicks online using virtual reality technology or smart devices from anywhere in the world.
Regional Analysis:
North America dominated the global golf putting green market in 2017. The U.S., being the largest golfing nation, has a large number of golf clubs and courses across the country. As a result, it is one of the most popular destinations for tourists to play on course putting greens during their visits. Furthermore, with an increasing number of hotels and resorts that offer Putting Green Facilities (PGF) as part of their amenities in order to attract more customers, demand for PGFs is expected to rise significantly over the forecast period in North America.
Asia Pacific is expected to be one of fastest growing markets owing to rapid urbanization and increasing disposable income among consumers especially those living in China.
Growth Factors:
- Increasing demand for golf from the emerging economies of Asia Pacific and Latin America is expected to drive the growth of the global golf putting green market during the forecast period.
- The increasing popularity of mini golf is also anticipated to fuel the demand for golf putting greens in the coming years.
- Growing awareness about health benefits associated with playing golf is projected to boost market growth over the forecast period.
- The increasing number of tournaments and championships organized worldwide is expected to create opportunities for market players in terms of product innovation and new product launches. 5) Technological advancements in artificial turf products are likely to provide impetus to market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Golf Putting Green Market Research Report
By Type
Indoor Putting Green, Outdoor Putting Green
By Application
Commercial Applications, Residential Applications
By Companies
GOLFZON, Full Swing Golf, SG-Golf, Okongolf, SkyTrak, AboutGolf, Big Moss, TrackMan, Bravo, Foresight Sports, T-UP, TruGolf, Optishot, Greenjoy, Fiberbuilt Golf, Tourlinks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Golf Putting Green Market Report Segments:
The global Golf Putting Green market is segmented on the basis of:
Types
Indoor Putting Green, Outdoor Putting Green
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Applications, Residential Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GOLFZON
- Full Swing Golf
- SG-Golf
- Okongolf
- SkyTrak
- AboutGolf
- Big Moss
- TrackMan
- Bravo
- Foresight Sports
- T-UP
- TruGolf
- Optishot
- Greenjoy
- Fiberbuilt Golf
- Tourlinks
Highlights of The Golf Putting Green Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Indoor Putting Green
- Outdoor Putting Green
- By Application:
- Commercial Applications
- Residential Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Golf Putting Green Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A putting green is a surface on which golfers can practice their putting.
Some of the key players operating in the golf putting green market are GOLFZON, Full Swing Golf, SG-Golf, Okongolf, SkyTrak, AboutGolf, Big Moss, TrackMan, Bravo, Foresight Sports, T-UP, TruGolf, Optishot, Greenjoy, Fiberbuilt Golf, Tourlinks.
The golf putting green market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Golf Putting Green Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Golf Putting Green Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Golf Putting Green Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Golf Putting Green Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Golf Putting Green Market Size & Forecast, 2020-2028
4.5.1 Golf Putting Green Market Size and Y-o-Y Growth
4.5.2 Golf Putting Green Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Indoor Putting Green
5.2.2 Outdoor Putting Green
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Applications
6.2.2 Residential Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Golf Putting Green Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Golf Putting Green Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Indoor Putting Green
9.6.2 Outdoor Putting Green
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Applications
9.10.2 Residential Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Indoor Putting Green
10.6.2 Outdoor Putting Green
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Applications
10.10.2 Residential Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Indoor Putting Green
11.6.2 Outdoor Putting Green
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Applications
11.10.2 Residential Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Indoor Putting Green
12.6.2 Outdoor Putting Green
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Applications
12.10.2 Residential Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Indoor Putting Green
13.6.2 Outdoor Putting Green
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Applications
13.10.2 Residential Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Golf Putting Green Market: Competitive Dashboard
14.2 Global Golf Putting Green Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GOLFZON
14.3.2 Full Swing Golf
14.3.3 SG-Golf
14.3.4 Okongolf
14.3.5 SkyTrak
14.3.6 AboutGolf
14.3.7 Big Moss
14.3.8 TrackMan
14.3.9 Bravo
14.3.10 Foresight Sports
14.3.11 T-UP
14.3.12 TruGolf
14.3.13 Optishot
14.3.14 Greenjoy
14.3.15 Fiberbuilt Golf
14.3.16 Tourlinks
