Overview

Going the distance: Recovering government budgets will drive industry revenue

IBISWorld’s Industry Market Report on Sports Stadium Construction is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Revenue is forecast to climb as the continued economic recovery provides governments with greater budgets
  • Demand from educational institutions was weak in recent years
  • The popularity of public-private partnerships (PPPs) is expected to grow

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    Industry Analysis & Industry Trends

    Over the past five years, the Sports Stadium Construction industry slowly improved, as demand for industry projects rose in response to increased government funding. During the five-year period, decreasing unemployment, an improving housing market and increasing incomes caused government tax receipts to grow and welfare costs to fall, especially at the local and state levels, which provide most government funding for the industry. As a result, budget deficits narrowed and funding for industry projects began to improve. Over the five years to 2021, industry revenue is forecast to climb. Continued economic recovery 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 10.6%, 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. How..

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    Additional Insights for the Sports Stadium Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sports Stadium Construction Industry are

  • Access to high-quality inputs
  • Must comply with government regulations
  • Ability to alter goods and services produced in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Local and state government investment and Demand from sports franchises in the Sports Stadium Construction industry impact industry performance..

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    Industry Products

    What is the Sports Stadium Construction Industry?

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

    Industry Products
    New construction
    Additions, alterations and reconstruction
    Maintenance 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.

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Local and state government investment
  • Demand from sports franchises
  • Government funding for primary and secondary education
  • Government funding for universities
  • World price of steel

  • Current Performance
  • Volatile funding
  • Educational market
  • Commercial market
  • Profitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand continues to recover
  • Profitability and other trends
  • Table: Sports Stadium Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sports Stadium Construction Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Sports Franchises
  • Public Administration
  • Colleges & Universities

  • Key Selling Industries
  • Construction
  • Iron & Steel Manufacturing
  • Ready-Mix Concrete Manufacturing
  • Wholesale Trade

  • Products & Services
  • New construction
  • Additions, alterations and reconstruction
  • Maintenance and repair
  • Chart: Sports Stadium Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public and private schools
  • Sports franchises
  • Chart: Major Market Segmentation for the Sports Stadium Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent, utilities and marketingOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Sports Stadium Construction

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sports Stadium Construction Industry

  • Industry Globalization
    Major Companies
    MA Mortenson Co.AECOM Turner Construction Co.
  • Table: MA Mortenson Co. - financial performance
  • Table: AECOM - financial performance
  • Table: Turner Construction Co. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sports Stadium Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Sports Stadium Construction Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Local and state government investment (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    General Contractor
  • The prime contractor responsible for the day-to-day oversight of a project.
  • Public-Private Partnership
  • A partnership where the public-sector fully or partially hands over construction, financing and management of infrastructure to the private-sector.
  • Sports Franchises
  • Sports teams or clubs that participate in live professional or semiprofessional sporting events.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sports Stadium Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sports Stadium Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sports Stadium Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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