Industry Analysis & Industry Trends
This industry constructs stadiums for football, baseball, soccer, basketball and other sports events. Over the past five years, the Sports Stadium Construction industry underwent a period of contraction, as demand for industry projects fell. 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; as a result, demand tends to rise and fall in line with the availability of government funds.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sports Stadium Construction industry is in the mature phase of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an average annual rate of 2.3% in the 10 years to 2019, while GDP grows an annualized 2.5%. Typically, IVA performance so close to GDP growth indicates a mature industry. Because demand for industry projects is highly dependent on broad macroeconomic trends such as consumers' incomes and government spending, over the long run, industry growth follows that of the economy.
The market for industry players has also changed little, a further indication of a mature industry... purchase to read more