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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry Products Chapter

New construction

Although very few new stadiums are built in any given year, new stadiums can cost anywhere from several million dollars to over $1.0 billion. Consequently, this segment constitutes the largest service segment for builders. In the five years to 2016, the price of key material inputs, including steel and ready-mix concrete, has fluctuated. For instance, according to data sourced from the US Bureau of Labor Statistics, the world price of steel is anticipated to decrease at an average annual rate of 6.3%, while the price of ready-mix concrete is expected to rise an annualized 3.2% over the five years to 2016. Higher concrete costs have raised the overall cost of building a new stadium... 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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