Industry Analysis & Industry Trends
This industry constructs stadiums for football, baseball, soccer, basketball and other sports events. Over the past five years, the industry slowly improved, as demand for industry projects rose in response to increased government funding. 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 2021, industry revenue is forecast to climb, which is anticipated to ease local and state government budget burdens, thereby increasing public sector funding for industry projects.
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Industry Report - Industry Investment Chapter
The Sports Stadium Construction industry exhibits a moderate level of capital intensity. In 2016, for every dollar industry contractors are expected to spend on labor, $0.17 will be spent on capital. Industry projects (especially large stadiums) require the use of expensive heavy equipment such as earthmovers, cranes, trucks and so on. As a result, capital expenses can be quite high; however, equipment can be leased or subcontracted, reducing capital costs. Moreover, the industry requires workers to operate equipment, design and engineer structures and conduct manual tasks. Consequently, wages account for a substantial share of industry revenue... purchase to read more