Sports Stadium Construction
Over the five years to 2018, the Sports Stadium Construction industry expanded, as demand for industry projects rose in response to increased government funding and an increase in construction activities. Most of the industry's demand originates either from educational institutions, such as high schools and universities, or commercial sports enterprises, such as sports franchises and leagues. In either case, the public sector is usually heavily involved in providing funds and incentives for the construction of stadiums. Over the five years to 2023, industry revenue is forecast to climb. Continued economic recovery is anticipated to ease local and state government budget burdens, thereby increasing public sector funding for industry projects. Moreover, as consumers become better off, more of them will be willing to purchase tickets to sports events, increasing sports franchises' revenue and encouraging them to expand, renovate and build new stadiums.
This industry constructs stadiums for football, baseball, soccer, basketball and other sports events.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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