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Sports Stadium Construction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sports Stadium Construction Market Research Report | Specialist Engineering, Infrastructure & Contractors | Commercial & Institutional Buildings | Apr 2016

Going the distance: Recovering government budgets will drive industry revenue

IBISWorld’s Sports Stadium Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Hunt Constructon Hunt Constructon market share
MA Mortenson Co. MA Mortenson Co. market share
Turner Turner market share
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
1.4%
Annual Growth 16-21
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Profit
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Employment
17,538
Businesses
3,383
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 - Starting a New Business Chapter

The barriers to entry into the Sports Stadium Construction industry are moderate overall, but largely depend on the scale of entry that prospects pursue. Several factors, including the technical nature of the work, regulations and degree of competition among contractors, make it difficult for prospects to successfully enter this industry. First and foremost, the market for contractors is crowded with national companies, as well as many local contractors that control substantial market share at the local level. While prospective companies can aim to compete against small local companies, it will be extremely difficult for a new company to compete with national companies and win large contracts from the outset... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sports Stadium Construction Industry?

This industry constructs stadiums for football, baseball, soccer, basketball and other sports events.

Industry Products
New constructionAdditions, alterations and reconstructionMaintenance and repair
 
Industry Activities
Building new sports stadiums, arenas and fields. Renovating and altering sports stadiums, arenas and fields. Maintaining sports stadiums, arenas and fields.


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