Lawn Garden Equipment Market Analysis

The surge in the number of golf courses globally is a significant driver for the demand for lawn and garden equipment. Golf has become a widely accessible sport worldwide, with approximately 38,864 golf courses spread across 209 out of the world's 249 countries by the end of 2019, showcasing an impressive 84% global diffusion rate. A survey conducted by the National Golf Foundation (NGF) reveals that a substantial portion of golf course supply is concentrated in the western hemisphere, specifically in North and South America, accounting for 53% of the world's total supply. Notably, the United States alone claims 43% of the global golf course inventory.

In terms of regional distribution, Europe holds the second-largest share, representing 23% of the world's total golf courses, followed by Asia with 16% and Oceania with 5%. It's worth noting that a significant shift has occurred in the global golf landscape over the past two decades, witnessing remarkable growth in Asian golf. Countries like Japan (3,169), China (599), and Thailand (315) have emerged among the top 20 countries in terms of golf course supply.

Furthermore, a deeper analysis of the data from the NGF survey reveals that the United States, Japan, and Canada lead the world in the number of golf courses in 2019. Notably, Canada's golf courses are predominantly situated in the southern part of the country, with 90% of them located within 160 kilometers of the U.S. border. This geographical proximity implies that a significant percentage of golf facilities in both the U.S. and Canada are easily accessible to the public. The accessibility factor contributes to the heightened demand for lawn and garden equipment, as the maintenance of these golf grounds becomes essential due to increased public engagement in the sport.

Moreover, the survey highlights that the United States, Japan, and Canada, which collectively account for 80% of recent closures, also contribute to 68% of the total global golf course supply. This underscores the pivotal role these countries play in the global golf industry.

The proliferation of golf courses globally, with a concentration in the western hemisphere and a noteworthy surge in Asian golf, is driving the demand for lawn and garden equipment. The accessibility of golf courses to the public, particularly in the United States and Canada, further amplifies the need for equipment to maintain these grounds. As golf continues to be a popular and accessible sport, the demand for lawn and garden equipment is likely to remain robust.