Since its emergence as a major spectator sports in the 1920s, golf has grown to become not only a popular recreational activity but also a sport with a major economic impact.
In 2016, total golf equipment wholesale sales in the U.S. including golf clubs and balls amounted to more than two billion U.S. dollars. The leading golf equipment/apparel companies in the world include Acushnet, TaylorMade-adidas Golf, Callaway Golf, as well as NIKE golf. In 2016, worldwide revenue of Callaway Golf amounted to over 800 million U.S. dollars. The Royal Troon Golf Club in Glasgow, Scotland is the leading golf course management company and currently owns 270 golf courses worldwide. Revenue from golf course and country clubs is projected to reach approximately 22.8 billion U.S. dollars in the U.S. by 2020.
As of 2016, the number of golf participants in the U.S. stood at approximately 23.8 million. Around 8.8 million of these participants are said to be avid golfers. Americans aged 30-39 years account for the highest share of golf players by age group and Americans with a household income of 125,000 U.S. dollars and above accounted for around a quarter of all U.S. golf players in 2016.
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