Playing indoor golf is one of the hottest trends in the golf industry. A recent report by Straits Research valued the golf simulator market at $1.3 billion in 2021 and is projected to reach $3.3 billion by 2030, growing at a compound annual growth rate of 10.1%. Golf Simulators are not just for commercial businesses or the rich and famous. The simulator space has been dramatically expanding and becoming more affordable in the last ten years.
Indoor multi-sport and golf simulator commercial play is booming. Food and entertainment businesses like Topgolf Swing Suite, X-Golf, and 5-Iron Golf have seen remarkable growth, with Topgolf indoor suites growing from 29 stores in 2019 to 120 plus locations. The development of indoor golf is not limited to commercial businesses. Recent technology advances in launch monitors have made home golf simulators more reliable and affordable, driving growth in residential installations as well.