The U.S. golf economy has an estimated size of about 70 billion U.S. dollars. The core segments, such as golf facility operations, golf course capital investment, golfer supplies, endorsements, tournaments & associations and charities had an economic significance to the value of around 43.5 billion U.S. dollars.
According to the National Sporting Goods Association, consumers will spend 3.43 billion U.S. dollars on golf equipment, while the wholesale sales of golf equipment had a value of about 2.26 billion U.S. dollars in 2014. A set of golf clubs sold for an average price of 42.38 U.S. dollars in 2014, a pair of golf shoes cost 72 U.S. dollars on average at the retail level.
Amongst the leading golf equipment companies are Callaway Golf, TaylorMade-adidas Golf (a subsidiary of the Adidas Group) and NIKE Golf. In 2014, Adidas reported 1.11 billion U.S. dollars in revenue from its TaylorMade Golf segment. The revenue of Callaway Golf was at 887 million U.S. dollars, of which almost 50 percent were generated in the United States.
As reported by the Outdoor Foundation about 24.72 million people in the United States play golf at least occasionally. Troon Golf is the leading golf course management company in the world with a total of 232 18-hole equivalent golf courses. The other companies that operate more than 100 golf courses worldwide are Accordia Golf, Pacific Golf Management, Billy Casper Gold, ClubCorp and KemperSports.
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