The global mini golf industry has seen tremendous growth over the past few decades, with an estimated value of $9.9 billion in 2019 and a projected market size of $633.1 million by 2028 in the US alone. Approximately 65% of mini golf courses are privately owned while 35% are publicly owned, and there are currently more than 1,200 courses throughout the United States. Europe is home to 25,000 courses - making it the world's highest density region for miniature golfing - while North America accounts for 40% of worldwide revenue as per 2021 estimates.
Miniature Golf dates back to 1920s when Chattanooga Tennessee built its first course; constructing an 18-hole course can range from $100K-$300K depending on location and features included such as water hazards or sand traps etc., typically requiring 20-30 thousand square feet space each hole occupying around 1000 sq ft area on average . The industry generally experiences 75 percent profit margin on operating costs with 39 percent customers being families with children who pay about 7 dollars per game usually played during weekends averaging 70 customers daily at most places . Mini Golf currently represents 15 percent share out of total Golf Industry which saw 30 % increase since 1980’s having expected return rate (ROI)of approximately 20%. 95 %mini golf Courses in USA remain outdoors due to weather conditions & other factors.
Miniature Golf Industry Statistics Overview
Europe has the world's highest density of mini golf courses, with an estimated 25,000 courses.
This statistic is a testament to the popularity of miniature golf in Europe, highlighting the sheer number of courses available for people to enjoy. It speaks to the immense popularity of the sport, and the potential for growth in the miniature golf industry in Europe.
The average cost of constructing an 18-hole mini golf course ranges from $100,000 to $300,000.
This statistic is a crucial piece of information for anyone interested in the Miniature Golf Industry, as it provides an indication of the financial investment required to enter the market. It is an important factor to consider when assessing the potential profitability of a mini golf course, and can help inform decisions about the size and scope of the project.
An 18-hole mini golf course typically requires 20,000 to 30,000 square feet of space.
This statistic is an important factor to consider when discussing the Miniature Golf Industry, as it highlights the amount of space necessary to construct an 18-hole mini golf course. This information is essential for potential investors and entrepreneurs looking to enter the industry, as it provides a clear indication of the amount of land required to build a course. Additionally, this statistic can be used to compare the size of different courses and to determine the potential profitability of a course based on the amount of land available.
In 2021, there were approximately 253 firms operating mini golf courses in the US.
This statistic is a testament to the popularity of mini golf courses in the US. It shows that despite the pandemic, the miniature golf industry is still thriving, with 253 firms operating in 2021. This is a clear indication that miniature golf is a beloved pastime for many Americans, and that the industry is still going strong.
The mini golf industry in the US generates over $350 million in annual revenue.
This statistic is a testament to the success of the mini golf industry in the US, highlighting the immense potential of the industry. It serves as a reminder of the lucrative opportunities that the industry offers, and the potential for further growth. It is a powerful indicator of the industry's financial strength and stability, and provides a valuable insight into the industry's current state.
Mini golf currently represents about 15% of the total golf industry.
This statistic is a telling indication of the miniature golf industry's current standing in the larger golf industry. It shows that miniature golf is a significant part of the overall golf industry, and that it is an important part of the golfing landscape. This statistic is important to consider when discussing the miniature golf industry, as it provides a snapshot of the industry's current size and influence.
95% of mini golf courses in the US are outdoors.
This statistic is a key indicator of the miniature golf industry in the US, as it reveals that the majority of courses are outdoors. This is important to consider when discussing the industry, as it shows that the majority of courses are exposed to the elements and may require more maintenance and upkeep than indoor courses. Additionally, this statistic can be used to compare the miniature golf industry in the US to other countries, as the percentage of outdoor courses may vary from place to place.
In 2021, the North American mini golf market accounted for over 40% of the worldwide revenue.
This statistic is a testament to the immense popularity of miniature golf in North America. It highlights the fact that the North American market is a major player in the miniature golf industry, and that it is a lucrative market for businesses to tap into. This statistic is an important indicator of the potential for growth in the miniature golf industry, and it is a valuable piece of information for anyone interested in the miniature golf industry.
The miniature golf industry saw a compound annual growth rate (CAGR) of 5.6% between 2016 and 2021.
This statistic is a testament to the miniature golf industry's impressive performance over the past five years. With a compound annual growth rate of 5.6%, it's clear that the miniature golf industry has been thriving and is likely to continue to do so in the future.
Conclusion
The global mini golf industry has seen tremendous growth over the past few decades, with an estimated value of $9.9 billion in 2019 and a projected market size of $633.1 million by 2028 in the US alone. There are currently over 1,200 courses throughout the United States and 25,000 across Europe - making it one of the most popular recreational activities worldwide. The average cost to construct an 18-hole course ranges from $100,000 to $300,000 while operating costs generally have a 75% profit margin on them.
Miniature golf is also becoming increasingly accessible as prices for games remain relatively low at around seven dollars per game on average and 95% of all courses being outdoors makes it easy for people to enjoy this activity regardless of their location or budget constraints. With such high demand for miniature golfing experiences coupled with its steady CAGR rate between 2016-2021 (5.6%), there's no doubt that this industry will continue growing into 2021 and beyond.
References
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7. - https://www.fortunebusinessinsights.com
8. - https://www.futuremarketinsights.com
9. - https://www.minigolfnews.com
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