$3.6bn
$XX.Xm
37,771
2,032
$X.Xbn
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.
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $3.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($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 |
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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.
Growing wealth incentivizes membership
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.
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NAICS 713910 - Golf Courses & Country Clubs in Canada
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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.
Learn about an industry's products and services, markets and trends in international trade.
Memberships and green fees are just one source of revenue. Courses and country clubs generate revenue through food and beverage sales and equipment rental.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario, Quebec, Alberta and British Columbia account for nearly all establishments. Similarly, these provinces account for the vast majority of the Canadian population.
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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...
Learn about the performance of the top companies in the industry.
Golf courses and country clubs are fragmented in nature. No business accounts for more than 4.0% of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
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.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Larger companies benefit from economies of scale, reducing their costs significantly compared with smaller golf course and country club providers.
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Golf Courses & Country Clubs industry in Canada is $3.6bn 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.
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.
Over the next five years, the Golf Courses & Country Clubs industry in Canada is expected to grow.
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
Operating golf courses and country clubs and Providing food and beverage services are part of the Golf Courses & Country Clubs industry.
The company holding the most market share in Canada is TWC Enterprises Limited.
The level of competition is high and steady in the Golf Courses & Country Clubs industry in Canada.