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 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 1.8% in the 10 years to 2021. Comparatively, GDP is projected to increase at an annualized 2.2% over the same period indicating that the industry is growing slower than the economy as a whole. Since 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