India Golf Equipment and Supplies Future Outlook and Projections 2020: Ken Research

Golf is witnessed to have multifold positive effects on economy by pushing the growth frontiers of core and enabled industries. Core industries are comprised with Golf course capital investment, golf facility operations, golf tournaments and endorsements and golf related supplies and equipment. Enabled industries include golf tourism and golf based real estate developments in India.
In the last few years, many autonomous and government bodies such as Indian Golf Industry Association (IGIA), Golf Course Superintendents and Managers Association of India and India Golf Tourism Association (IGTA) in alliance with Ministry of Tourism have spent considerable time and efforts to promote golf among the masses.
Golf as a sport has developed remarkably in India supported by rising income level of middle income group, improving purchasing power, elevating middle class populace, and surge in number of corporate events, growing exposure of media and greater participation in sport by youth.
What Is The Outlook Of Golf Based Residential Developments In India?
According To Ken Research The trend of golf based real estate projects was initiated way back around 2000 by few of the prominent real estate developers namely Jaypee, Sahara and DLF. Due to the overwhelming success of real estate projects, now almost ~% of the newly developed golf courses are constructed as a part of residential communities.
In 2015, there were a total of ~ real estate golf based projects across India. These golf courses were a part of premium townships which was developed by few prominent real estate developers.
Nowadays, there has been a growing tendency among real estate developers to construct mini golf courses/driving range instead of 9/18-hole golf courses in their real estate projects. This implies that golf is no more restricted to integrated townships but is also becoming a part of small townships.
Elite class population is regarded as the proximate target group for golf based real estate properties, since they always have a higher tendency for luxury apartments with massive green space. These projects have almost ~% of the area open with green space. Nowadays, almost around ~% of the newly developed golf course have been an integral part of resort oriented real estate projects or residential communities, According To Ken Research.    
What Is The Existing Scenario For Golf Facility Operations In India?
Golf course development in India has seen a rapid spurt over the last 6 years. Due to the high premiumization associated with golf centric real estate properties, there has been initiation of numerous golf projects across the country. There are few prominent golf courses that have been developed in the past few years which are at par with international standards. These courses have been designed by legendary golfers such as Jack Nicklaus and Gary Player which are favored by inbound golf tourists.
According to IGU, currently as on August 2016, there are a total of ~ registered golf courses, out of which ~ are civilian golf courses and the rest are armed golf courses. The majority of the golf courses are located in proximity to urban centers with most of them located close to NCR, Bangalore, Hyderabad and Mumbai. In India, playing golf is still considered as a status symbol among golfers. However, this image is forecasted to change in the coming years as golf participation rate will increase among people from mediocre background. Moreover, the involvement of women’s and junior golfers is anticipated to mark promising growth in terms of target population for golf industry. According To Ken Research.
Topics covered in the Report

• Number of Golf Courses in India
• Golf Tourism India
• Golf Industry Competition
• Prize Money Golf India

For more information about the publication, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html
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Contact Us:
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Ankur@kenresearch.com
+91-9015378249

Increasing Capital Investments for Golf Course Development and Growing Number of Golfers Population to Foray Market Growth in India: Ken Research

Ken Research announced its latest publication on “India Golf Industry Outlook to 2020 - Growth in Golf Based Real Estate Projects and Golfers Population to Aid Market Growth” which provides a comprehensive analysis of Golf Industry in India. The report initially showcases the valuation of Golf economy in India through direct and indirect measures. The report provides detail insights on every cluster related to Golf Industry such as Golf Course Construction, Golf Course Real Estate Projects, Golf Course Related Equipments, Golf Course Maintenance Equipments, Golf Tourism and Golf Tournaments and Endorsements. The report provides future analysis and outlook for the overall sector and for each cluster as well. It also covers proposed recommendations for the government that has to be taken to support market growth in the near future. The report is useful for Golf Tourist Companies, Golf Maintenance and Equipment manufacturers, Golf Related Equipment suppliers, Golf Courses, Golf Real Estate Developers, Golf Course Construction Companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.  

Golf Course Development: Real Estate golf properties continue to be popular, but they are changing to smaller 9 holes or par 3 courses. This will help bring children and new golfers in as it makes the game seem much more accessible. In the future, the real estate developers will look forward to make golf as an integral part of the residential projects, which is anticipated to enhance the premium that can be realized from golf based real estate projects. The development of public golf courses and driving ranges in the near future will propel more investments in the future.

Golf Tournaments and Endorsements: The future for golf tournaments and endorsements portrays enormous potential in the coming years. Indian Golf Union, PGTI and WGAI are taking enough initiatives to organize more number of professional and amateur tournaments in India. Currently, the television viewership for golf in India is very limited. However, the joy of watching golf on television is likely to increase due to return of golf in Olympics and arrangement of few major professional golf tournaments which is anticipated to draw attention of television viewers in India.

Golf Equipments: Inclusion of golf in the 2016 Olympics is expected to have major impact on the golf equipment market in India as manufacturers will try to leverage the popularity of the event and conduct promotional sales. The event is also seen as a major ground for acquiring new customers by major retailers. Increasing per capita income coupled with growing middle class population in India will aid the market growth in the near future. Additionally, higher brand awareness and greater impetus to the gaming etiquette will lead golfers to purchase branded apparels and golfing accessories instead of putting on generic wearable. International golf apparel and footwear brands such as Callaway and TaylorMade are looking forward to capitalize on the lifestyle spell of the Indian consumers towards golf related accessories. Over the past few years, the golf equipment market has witnessed several fake golf goods particularly, golf clubs, which has hampered golf manufacturers’ growth and brand value among golfers in the Indian market. Majority of the fake products are imported from China and Japan. This trend is projected to be a major bottleneck for the equipment market. .”  according  to the Research Analyst Ken research.

Golf Tourism: Sports tourism is gaining interest in India, especially after the Commonwealth games being organized in India. Golf, in context with this is also gaining traction among foreign tourists since India encompasses with several golf courses of International standards. Golf as a sport is getting more serious after the inclusion of golf in Olympics. This will definitely revitalize the image of golf in India in the near future.

Golf Maintenance Equipments: The future for golf course maintenance equipments market in India poses a bright opportunity in terms of sales revenues. In the coming years, it is believed that the existing golf courses will always keep renewing their fleet for maintenance equipments. Usually the replacement period for maintenance equipments tends to be 4-5 years, which is anticipated to reduce to 3 years in the outlook period. Although, the replacement demand is not that large, but it certainly provides a source of constant demand.

Globally, the most beautiful golf courses are located at the sea shore namely Pebble Beach Golf course, Cypress Point, Fishers Island and others. India currently does not even have a single golf course which is connected to the sea. Hence, the government should incentivize developers and golf course construction companies to develop golf courses near sea.” according to the Research Analyst Ken research.

For more information about the publication, refer to below link:

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html

Companies Covered in the Report: Callaway, Taylor Made, Titleist, Mizuno, Ping, Nike, XXIO, Wilson, Pash Tour and Travels, My Golf Tours, Golf Connexions

Products Covered in the Report

Civilian and Armed Golf Courses, Golf Clubs, Golf Balls, Golf Accessories and Apparel, Golf Tourism, Golf Based Real Estate Projects, Golf Tournaments, Turf Equipments, Irrigation and Golf Carts

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249