India Golf Industry Outlook to 2020 – Increasing Golf Real Estate Projects to Escalate Growth REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The market research report titled “India Golf Industry Outlook to 2020 – Growth in Golf Based Real Estate Projects and Golfers Population to Aid Market Growth” provides a comprehensive analysis of Golf Industry in India. The report initially showcases the valuation of Golf economy in India through direct and indirect measures, with detail valuation of every cluster associated with Golf Industry. The report provides detail insights on every cluster related to Golf Industry such as Golf Course Construction, Golf Course Residential Real Estate Projects, Golf Course Related Equipments, Golf Course Maintenance Equipments, Golf Tourism and Golf Tournaments and Endorsements. The report provides future analysis and outlook for the overall sector and for each cluster as well. It also covers proposed recommendations for the government that has to be taken to support market growth in the near future. The report is useful for Golf Tourist Companies, Golf Maintenance and Equipment manufacturers, Golf Related Equipment suppliers, Golf Courses, Golf Residential Real Estate Developers, Golf Course Construction Companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. India Golf Economy Indian golf industry is in its infancy stage and is at the inflexion point to enter in a growth phase. Though the sport has low participation rate and less number of annual tournaments as compared to other sports, the game is gaining popularity with recognition of the sport as an Olympic game along with surging interest of real estate and tourism around this sector. The golf economy in general has contributed direct value of INR ~ million during 2015 and has managed to generate ~ jobs during 2015 with an aggregate income generation of INR ~ million. This has translated the total value of golf economy to contribute INR ~ million during 2015. Golf Facility Operations in India According to IGU, as on August 2016, there have been a total of ~ registered golf courses, out of which ~ are civilian golf courses and the rest are armed golf courses. In total, the civilian golf courses in India have generated revenues worth INR ~ million during 2015. The revenues for golf courses are generated from multiple sources including green fees, member dues, food & beverage revenues and lessons, schools, camps & pro shops commission revenues. The existing golf courses in India are not profitable due to the higher operating costs associated with maintaining the golf course. The average number of declared playable days in India is around ~, with some courses stating all year-round playability. The average number of total rounds played at 18-hole courses is around ~, while top performers exceed ~ rounds. Out of the ~ golf courses registered with IGU, civilian golf courses have dominated the space with ~ golf courses, while there are around ~ armed golf courses in India as of September, 2016. On the basis of major states, Karnataka accommodates the highest number of golf courses with number being reported at ~ (including civilian and army golf courses) as of September 2016, an increase from ~ golf courses as of December 2013. In 2013, the number of golfers in India was around ~ people, out of which around ~ golfers played at civilian golf courses. During the last two years, the popularity of golf among civilians has enhanced which has increased the number of civilian golfers to around ~ during 2015. Golf Related Residential Developments With the growing preferences among elite class population to play golf has lured real estate developers to focus on real estate developments with golf course as a centric part in their projects. Due to the overwhelming success of golf based real estate projects, now almost ~% of the newly developed golf courses are constructed as a part of residential communities. On an average, it has been observed that golf based real estate projects adds a premium of ~% in the prices of real estate properties where the golf course is developed. The golf based real estate projects have been witnessed to generate revenues worth INR ~ million during 2015, out of which INR ~ million have been generated from the golf premium added to the sector. The premium which is added in nearby real estate projects because of golf courses remains around ~%. Golf Tourism in India Golf tourism has developed into a successful business, and there are numerous tour operators tailoring their offers to the specific needs of golfers all over the world. The total economic value which is generated from the inbound golf tourists in India and outbound golf tourists which travel to other countries either to participate or as a viewer have been estimated at INR ~ million during 2015 This includes spending on lodging, transport, food and other recreational expenses. It has been witnessed that out of total foreign professional golfers who visit India to play golf tournaments, around ~% of the professional golfers goes back to their country immediately after the tournament while ~% of the professional golfers goes for a holiday after the tournament is completed. The number of professional foreign golfers travelling to India has been evaluated at ~ in 2015, an increase from ~ in 2010. The total number of Golf tourists traveling to India has been evaluated at ~ people in 2015. An average inbound golf tourist in India spends around INR ~ for each trip made by him/her. The average length of stay for golf tourist in India has been recorded to be under the range of ~ days Golf Equipment and Supplies Market The revenues generated from golf equipment and supplies including golf clubs, golf balls, golf accessories and golf apparel have been evaluated at INR ~ million during 2015. Influx of International brands into the Indian market, growing online sales in the market, premium offerings for the products and new products innovations in the market has been the major trends which have boosted the growth of this space. Golf clubs have dominated the equipment and accessories sales in India with a share of ~% in 2015. Followed with golf clubs, golf balls and golf apparel embarked at second and third position with a share in revenues of ~% and ~% respectively during 2015. ~ regions have dominated the sales of golf supplies and equipment during 2015. Although the distribution of number of golf courses has been similar in northern and southern regions, but the sales is relatively higher. The golf equipment and apparel market in India, though currently small, but is one of the fastest growing markets among major golf playing nations. The high growth potential has attracted many popular golfing brands like Callaway, TaylorMade and Titleist in the last decade. Callaway, TaylorMade and Titleist have concentrated the market with a share of ~%, ~% and ~% in market revenues during 2015 respectively. Golf Tournament and Endorsements Market During 2015, sponsorship money from golf tournaments organized in India has contributed ~ revenues to the sector which was evaluated at INR ~ million. Followed by this, professional golfers earning in overseas tournaments have added INR ~ million and endorsement income for major golfers in India have contributed INR ~ million in 2015. Indian golfers have already earned the reputation of being very strong on their home turf as well as on the International levels by winning some major titles. The average age of television viewers for golf in India is around ~ years which is far lower than US and UK which falls under the range of ~ years of age. The emergence of celebrity players has contributed to the rising interest in golf. Golf Course Capital Investments The golf course architects, designers and developers during the year 2015 have been engaged in ~ assignments for new golf course construction and redevelopment projects. A total of INR ~ million of capital investments have been made towards the development of golf courses in 2015. The total employment generated through golf course development during 2015 was evaluated at ~ people with an aggregate value of INR ~ million. The costs which are incurred to develop a golf course project varies depending upon various parameters, but on an average pre-construction costs constitutes around ~% of the total investment, while the rest goes into construction phase. The planning, designing and development of a typical 9-hole golf course takes around ~ months depending on the topography of the site, the quality of soil, the availability of water, the climatic conditions and of course the expected quality, complexity or playing difficulty of the designed golf course. Golf Course Maintenance Equipments The overall market for golf maintenance equipments including turfcare equipments, golf cars and irrigation equipments was evaluated at INR ~ million during 2015. The revenues have been considered from the sales of maintenance equipments only to the golf courses. Some of the major players which have concentrated the market space for golf maintenance equipments include Toro, Rainbird, Jacobsen, Hunter Industries, Surge Systems, Atlas Turf Internatonal, IPI-India and several others. Key Topics Covered in the Report: Comparison of Golf in India with Other Major Asian Countries Number of Residential Real Estate Projects with Golf Courses, 2015 Total Investment in Residential Real Estate Projects based on Golf Courses, 2015 Major Investment Pockets for Golf Based Real Estate Projects Golf Facility Operations in India Number of Golf Courses in India, 2009-2016 New Golf Projects in India, 2010-2016 Distribution of Number of Golf Courses and Number of Golfers Golf Facility Operations Market Size by Revenues, 2015 Case Studies for Golf Courses Size of the Employment Generated at the Golf Course Potential for Golf Facility Operations in India Number of New Course Development and Total Investment by Golf Course Size Size of the Employment Generated from Golf Course Investments, 2015 Competition among Golf Course Development Companies Case Study for Golf Course Developments Potential for Golf Course Construction in India Total Value Generated by Golf Tournaments and Endorsements, 2015 Size of the Employment Generated by Golf Tournaments, 2015 Number of Golf Tournament – Men and Women, 2010-2015 Major Indian Golf Players Endorsements Broadcasting Rights Revenues for Golf Potential for Golf Tournaments and Endorsements in India India Golf Equipment and Apparel Market Size by Revenues, FY’2010-FY’2016 Size of the Employment Generated by Golf Equipment and Supplies Companies Market Segmentation by Golf Clubs, Balls and Golf Related Accessories, FY’2016 By Distribution Channels (Physical Golf Retail, Online, Corporate Golf Events), FY’2016 Market Segmentation by Regional Demand, FY’2016 Market Share of Major Players in India Golf Equipment and Apparel Market, FY’2016 India Golf Equipment and Supplies Future Outlook and Projections, FY’2017-FY’2021 Number of Foreign Tourist Arrivals and their Spending for Leisure, Holiday and Recreation in India Total Value Generated by Golf Tourism in India, 2015 Size of the Employment Generated at the Golf Tourism Companies Estimated Number of Golf Tourists in India, 2015 Spending by Golf Tourists on Hotel, Food, Transportation and Golf, 2015 Potential Opportunities for Golf Tourism in India Current Initiative by Ministry of Tourism / Government to Promote Golf Tourism Golf Course Maintenance Equipments Market Size of the Employment Generated Potential for Golf Maintenance Equipments Market in India For more information about the publication, refer to below link: https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html Companies Covered in the Report: Callaway, Taylor Made, Titleist, Mizuno, Ping, Nike, XXIO, Wilson, Pash Tour and Travels, My Golf Tours, Golf Connexions Products Covered in the Report Civilian and Armed Golf Courses, Golf Clubs, Golf Balls, Golf Accessories and Apparel, Golf Tourism, Golf Based Real Estate Projects, Golf Tournaments, Turf Equipments, Irrigation and Golf Carts Related Reports: Asia Pacific Athletic Apparel and Footwear Market Outlook to 2019 – Surging Growth with Online Marketplaces Asia Online Jewellery Market Outlook to 2019 – Driven by Lucrative Discounts and Rising Online Buyers Europe Athletic Apparel and Footwear Industry Outlook to 2018 – Eastern European Region to Drive Future Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Armed Golf Courses Statistics India, Asia Golf Courses Development, Asia Pacific Golf Industry, balls market, Case Study Golf India, Civilian Golf Courses India, Courses Development Golf Infrastructure India, Economic Value Golf in India, Economic Value Golf India, Foreign Professional Golfers India, Future Potential Golf in India, Golf Broadcasting Rights in India, Golf Carts Market in India, Golf Events in India, Golf Facilities, Golf Facility Operations Industry India, Golf Industry Competition, Golf Maintenance and Equipment Industry Size, Golf Olympics Participation Future, Golf Participation Rate India, Golf Tourism India, Golf Tourist in India, Government Recommendation Golf India, Government Role in Golf India, India Golf Accessories Industry, India Golf Apparel Market, India Golf Clubs, India Golf Equipment Market, India golfers population, Market Share Competition India Golf, Number of Golf Courses in India, Number of Golfers in India, Prize Money Golf India, rends Development India China Golf Market, Sponsorship Golf in India, Sports Tourism Growth India, Trends Development Golf Courses Industry