429 47 This article, “India golf industry overview to 2020 – increase in golf related real estate projects and golfers population to boost market expansion,” offers a complete review of the golf industry in India. The research begins by presenting a valuation of the golf economy in India using direct and indirect measurements. It then proceeds to provide a detailed assessment of every cluster involved with the golf business. This report provides detailed insights on every sub-industry that is associated with the 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. This research presents a future analysis and forecast not only for the industry as a whole but also for each cluster individually. In addition to this, it discusses the suggestions that have been made for the government about the actions that need to be performed in the near future to encourage market growth. This report is helpful for golf tourism companies, golf maintenance and equipment manufacturers, golf related equipment suppliers, golf courses, golf residential real estate developers, golf course construction companies, and other stakeholders who want to align their market-centric strategies according to trends that are currently occurring and those that are anticipated to occur in the future. Activities related to golf courses in India According to the igu, as of the month of august in 2016, there had been a total of registered golf courses, of which military golf courses made up the remaining courses and civilian golf courses made up the remaining courses. During the year 2015, the civilian golf courses in India brought in a combined total of million Indian Rupees (INR) in income. Green fees, member dues, income from food and beverage sales, revenue from golf schools, camps, and pro shop commissions are some of the many sources that golf courses rely on to bring in money. Due to the significant operational expenses that are connected with maintaining a golf course, India’s current golf facilities do not generate enough revenue to make them viable. The number of declared playable days in India is often around to, and some golf courses even advertise their availability throughout the whole year. The number of total rounds played on 18-hole courses is about, whereas the number of rounds played by top performers exceeds this average. There are around military golf courses in India as of the month of September 2016, whereas civilian golf courses have dominated the space with golf courses out of the total number of golf courses registered with the Indian Golf Union (igu). Among the major states, Karnataka has the highest number of golf courses, with the number being reported at (including civilian and army golf courses) as of september 2016, an increase from golf courses as of december 2013 to accommodate karnataka’s position as the state with the highest number of golf courses. In 2013, there were about golfers in India, with around golfers playing at civilian golf courses out of the total number of golfers in India. The last two years have seen a growth in the popularity of golf among civilians, which has led to an increase in the number of civilian golfers to about throughout the year 2015. golf-related residential developments The rising popularity of the sport among members of the upper-middle and upper-class people has enticed real estate developers to concentrate their efforts on real estate developments that include golf courses as central components of their projects. Because golf-based real estate developments have been such a resounding success, practically all of the newly established golf courses are now being built as a component of residential communities. It has been shown that golf-based real estate projects add a premium of around one percent to the values of real estate properties located in areas where a golf course is created. This was found to be the case on average. During the year 2015, golf-based real estate developments were seen to create earnings of million Indian rupees (INR), of which million Indian rupees were earned from the golf premium added to the sector. The premium that is added to surrounding real estate developments as a direct result of golf courses typically hovers around one percent. The tourist industry of golf in India Golf tourism has evolved into a profitable industry, and as a result, there are several tour operators that cater their services to the particular requirements of golfers located in different parts of the globe. The total economic value that is generated from inbound golf tourists in india and outbound golf tourists who travel to other countries either to participate or as a viewer has been estimated to be million Indian Rupees (INR) during the year 2015. This includes spending on lodging, transportation, food, and other recreational expenses. It has been observed that, of the total number of professional golfers from other countries who come to India to compete in golf tournaments, approximately one percent of those golfers immediately return to their home country after the tournament is finished, whereas another one percent of those golfers go on vacation after the tournament is over. The number of professional golfers from other countries that traveled to India in 2015 was estimated to be, which is an increase from the amount that was estimated in 2010. It is estimated that there will be a total of individuals going to India just for the purpose of playing golf in 2015. An inbound golf visitor to India spends around INR for each trip that they take to the country. The number of days that golf tourists typically remain in India falls below the range of days indicated as the average length of stay for golf tourists in India. golf tournaments and advertising sponsorships market During the year 2015, income in the industry was estimated to be about one million Indian Rupees due to the contribution of sponsorship money from golf tournaments that were held in India. Following this, professional golfers who compete in tournaments outside of India have added another million rupees to their earnings, while top golfers in India have brought in another million rupees via sponsorship deals in 2015. The success that Indian golfers have had both domestically and internationally, particularly in the major championships, has given them the well-deserved reputation of being among the best in the world. The average age of television viewers in India who watch golf is around, which is much younger than the average age of viewers in the United States and the United Kingdom, where the range of ages is. The advent of star players has been one factor that has led to the game’s ever-increasing popularity. golf course upkeep and repair tools and equipment During the year 2015, the whole market for golf maintenance equipment, which includes turfcare equipment, golf vehicles, and irrigation equipment, was estimated to be worth millions of Indian rupees. Only the sales of maintenance equipment to golf courses have been accounted for in the revenues that have been analyzed. toro, rainbird, jacobsen, hunter industries, surge systems, atlas turf international, and ipi-india are only few of the prominent players that have dominated the market area for golf maintenance equipment. Other companies such as atlas turf international and ipi-india also compete in this industry. major themes discussed in the report are as follows: The game of golf in India in relation to that played in other major Asian nations amount of residential real estate developments that include golf courses, The sum of all investments made in residential real estate developments based on golf courses in 2015 2015’s most significant real estate investment opportunities in golf-related fields Activities related to golf courses in India the country’s total number of golf courses, 2009–2016: Brand new golf course developments in India 2010-2016 distribution of golf facility operations market size by revenues, based on the number of golf courses and the total number of golfers worldwide. Case studies conducted in 2015 for golf courses potential for golf facility operations in india given the magnitude of the job pool that is produced by the golf courses. potential for new golf course building in India measured in terms of the number of newly developed courses and total investment in golf course size. the total number of golf tournaments for men and women combined, 2010-2015 major indian golf players endorsements 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 at the golf tourism companies estimated number of golf tourists in india, 2010-2015 major indian golf players endorsements Opportunities that might arise in 2015 for golf tourism in India, as well as the ongoing push by the Ministry of Tourism and the Indian government to promote golf tourism golf course maintenance equipments market potential for golf course maintenance equipments market in india india golf tournaments new advancements in golf in india golf course maintenance equipments market in india Competitions in golf in India the number of people who golf in India case study golf india number of golf courses in india case study golf India’s burgeoning tourist industry, including golf and sports. tourism related to golf in India 5 professional golfers from other countries competing in India acquiring the rights to broadcast golf in India The market for golf carts in India Prize money for golf competitions in India Prize money for golf competitions in the industry Participation in the Golf Olympic Games by India future please click on the following link for more details on the publication: https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html related news accounts: asia-estimate pacific’s for the sports apparel and footwear industry to 2019 calls for a surge in growth thanks to the region’s online marketplaces. The asia online jewelry industry forecast to 2019 is expected to be driven by enticing discounts and expanding numbers of online customers. europe’s sports apparel and footwear industry forecast to 2018: the eastern european area will be the primary growth driver going forward Get in touch with us here: ankur gupta, head of marketing and communications at ken research may be reached at ankur@kenresearch.com or by calling +91-9015378249. golf events in india, the number of golfers in india, the number of golf courses in India, case examples, and related articles include india golf tournaments, new advances in golf india, and golf events in india. Send a copy of this article to a friend via email! get email updates including stories much like this one right to your inbox. Today, you may get a free subscription!
I love myBlogd
Author
jackemails@gmail.com