Golf Courses & Country Clubs in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 71391CARevenue
$3.6bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
37,771
Businesses
2,032
Wages
$X.Xbn
Golf Courses & Country Clubs in Canada industry analysis
Golf course and country club providers have grown because of increased wealth among consumers alongside a hike in leisure time. As the domestic population continues to age, activities like golf provide an enjoyable form of exercise. In recent years, expanding participation in golf has been the primary driver of revenue growth. Revenue grew every year between 2018 and 2023, except for 2020 when the COVID-19 pandemic limited access. Revenue is expected to grow at a CAGR of 2.5% to $3.6 billion through the end of 2023, including growth of 2.0% in 2023 alone. Stronger participation in golf is also expected to fuel growth in profit.
Trends and Insights
- Growing household wealth has incentivized more people to golf. Golf is a costly hobby that can be difficult to maintain without a certain amount of wealth.
- Memberships and green fees are just one source of revenue. Courses and country clubs generate revenue through food and beverage sales and equipment rental.
- Ontario, Quebec, Alberta and British Columbia account for nearly all establishments. Similarly, these provinces account for the vast majority of the Canadian population.
- There is competition between many small companies and a few large businesses. Since there is limited land suitable for building a golf course, the existence of small companies prevents large ones from growing their operations.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $3.6bn in 2024.
Trends and Insights
There's a growing number of serious golfers
- In recent years, avid and frequent golfers have been able to participate in their favorite hobby as more Canadians have had the disposable income required to fund golf memberships and equipment.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Golf participation continues to climb
- Canada's growing population and aging demographics create a growing customer base for golf courses and country clubs.
Biggest companies in the Golf Courses & Country Clubs in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
TWC Enterprises Limited | 132.8 | N/A | N/A | |
Indian Hills Golf Club | 17.9 | N/A | N/A | |
Golf Le Royal Bromont | 7.2 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Memberships, Green fees and Food and beverages. Memberships is the largest segment of the Golf Courses & Country Clubs in Canada.
Trends and Insights
Growing wealth incentivizes membership
- Memberships typically entitle a member to unlimited rounds of golf throughout the year. Memberships also provide access to associated country club facilities and events.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Amusement Parks & Arcades in Canada
- Golf Driving Ranges & Family Fun Centres in Canada
- Ski & Snowboard Resorts in Canada
Complementors
- Hotels & Motels in Canada
- Gambling in Canada
International industries
- Golf Courses & Country Clubs in the US
- Sports and Recreation Facilities Operation in Australia
- Sports and Recreation Facilities Operation in New Zealand
- Sports Facilities in the UK
Table of Contents
About this industry
Industry definition
The Golf Courses and Country Clubs industry in Canada operates golf courses as its primary activity and may also include country clubs that have private dining and recreational facilities. These establishments provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or part of a country club. This industry excludes golf driving ranges, miniature golf facilities and golf courses located on resorts and hotels.
What's included in this industry?
Operating golf courses and country clubsProviding food and beverage servicesProviding golf equipment rental servicesProviding golf instruction servicesCompanies
TWC Enterprises LimitedIndian Hills Golf ClubGolf Le Royal BromontPurchase this report to view all 3 major companies in this industry.
Related Terms
GREEN FEESGOLF CARTSFRINGE GOLFERSENGAGED GOLFERSIndustry Code
NAICS 713910 - Golf Courses & Country Clubs in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Growing household wealth has incentivized more people to golf. Golf is a costly hobby that can be difficult to maintain without a certain amount of wealth.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Memberships and green fees are just one source of revenue. Courses and country clubs generate revenue through food and beverage sales and equipment rental.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario, Quebec, Alberta and British Columbia account for nearly all establishments. Similarly, these provinces account for the vast majority of the Canadian population.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
There is competition between many small companies and a few large businesses. Since there is limited land suitable for building a golf course, the existence of small companie...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Golf courses and country clubs are fragmented in nature. No business accounts for more than 4.0% of revenue.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of TWC Enterprises Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Indian Hills Golf Club's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Golf Le Royal Bromont's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for TWC Enterprises Limited, and factors influencing its performance in the industry
- Description and key data for Indian Hills Golf Club, and factors influencing its performance in the industry
- Description and key data for Golf Le Royal Bromont, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The number of households earning more than $100,000 is an important indicator. Golf is a costly game and acquiring a country club membership is often very costly.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Larger companies benefit from economies of scale, reducing their costs significantly compared with smaller golf course and country club providers.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Golf Courses & Country Clubs industry in Canada in 2024?
The market size of the Golf Courses & Country Clubs industry in Canada is $3.6bn in 2024.
How many businesses are there in the Golf Courses & Country Clubs in Canada industry in 2024?
There are 2,032 businesses in the Golf Courses & Country Clubs industry in Canada, which has declined at a CAGR of 1.1 % between 2019 and 2024.
Has the Golf Courses & Country Clubs industry in Canada grown or declined over the past 5 years?
The market size of the Golf Courses & Country Clubs industry in Canada has been growing at a CAGR of 2.4 % between 2019 and 2024.
What is the forecast growth of the Golf Courses & Country Clubs industry in Canada over the next 5 years?
Over the next five years, the Golf Courses & Country Clubs industry in Canada is expected to grow.
What are the biggest companies in the Golf Courses & Country Clubs market in Canada?
The biggest companies operating in the Golf Courses & Country Clubs market in Canada are TWC Enterprises Limited, Indian Hills Golf Club and Golf Le Royal Bromont
What does the Golf Courses & Country Clubs in Canada include?
Operating golf courses and country clubs and Providing food and beverage services are part of the Golf Courses & Country Clubs industry.
Which companies have the highest market share in the Golf Courses & Country Clubs in Canada?
The company holding the most market share in Canada is TWC Enterprises Limited.
How competitive is the Golf Courses & Country Clubs industry in Canada?
The level of competition is high and steady in the Golf Courses & Country Clubs industry in Canada.
