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