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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

The Sports Stadium Construction market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 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

 


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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