Sports Stadium Construction in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: May 2024
NAICS OD4663Revenue
$14.4bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
18,122
Businesses
3,409
Wages
$X.Xbn
Sports Stadium Construction in the US industry analysis
Sports stadium construction companies faced significant setbacks in recent years as the pandemic prevented and delayed many major construction projects. Nonresidential construction plans were put on hold, leading to a sharp decline in demand for new sports stadiums. Most of the industry's demand for new stadiums originates from educational institutions like high schools and universities or commercial sports franchises and leagues. The absence of in-person viewership and uncertainty surrounding sports events caused a plummet in revenue for construction companies. Despite these challenges, the educational institution market remained a stable source of demand for construction projects, helping to mitigate some of the losses experienced in the sports sector. Over the years to 2024, revenue has fallen at a CAGR of 0.9% to $14.4 billion, including a 0.2% increase that year. Construction companies managed to maintain profit stability despite revenue loss.
Trends and Insights
- The pandemic severely impacted the industry. Demand for stadium construction from sports franchises fell as many leagues were shut down to encourage social distancing and reduce the spread of COVID-19.
- The new construction segment has grown as stadiums are increasingly becoming more advanced. New stadiums with advanced technology are costly to construct.
- Stadium construction companies are widely spread out across the country. The number of stadiums in each US region typically correlates with the region's population levels.
- Internal competition is intense as operators bid for projects. Pricing and the ability to leverage economies of scale are also significant factors in competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.9 % over the past five years, to reach an estimated $14.4bn in 2024.
Trends and Insights
The pandemic interrupted construction plans
- Because of the outbreak of COVID-19, the value of nonresidential construction and demand from sports franchises plummeted. As economic activity died down in the domestic and global markets and corporate profit fell, non-residential construction plans were put on hold.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Demand from public and private schools remains high
- Over the next few years, the value of private nonresidential construction will grow as more projects are able move forward. Local and state governments will increase their investments without any major economic disruptions.
Biggest companies in the Sports Stadium Construction in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
M. A. Mortenson Company | 1,290.8 | 42.2 | 3.3 | |
Turner Construction Company | 803.4 | 26.3 | 3.3 | |
Aecom | 775.1 | 23.7 | 3.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including New construction, Additions, alterations and reconstruction and Maintenance and repair. New construction is the largest segment of the Sports Stadium Construction in the US.
Trends and Insights
New construction revenue expands as technologically advanced stadiums cost more to build
- The new construction segment constitutes the largest segment for builders because of the scale of those projects. Few new stadiums are built in any given year, but each one can cost anywhere from several million to several billion.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Commercial Building Construction in the US
- Swimming Pool Construction in the US
Complementors
- Road & Highway Construction in the US
International industries
- Municipal Building Construction in Canada
- Institutional Building Construction in Australia
- Institutional Building Construction in New Zealand
- Commercial Building Construction in the UK
- Building Construction in Ireland
Table of Contents
About this industry
Industry definition
This industry constructs stadiums for football, baseball, soccer, basketball and other sports events.
What's included in this industry?
Building new sports stadiums, arenas and fields. Renovating and altering sports stadiums, arenas and fields. Maintaining sports stadiums, arenas and fields.Companies
M. A. Mortenson CompanyTurner Construction CompanyAecomPurchase this report to view all 3 major companies in this industry.
Related Terms
PUBLIC-PRIVATE PARTNERSHIPSPORTS FRANCHISESGENERAL CONTRACTORIndustry Code
NAICS 23622 - Sports Stadium Construction in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The pandemic severely impacted the industry. Demand for stadium construction from sports franchises fell as many leagues were shut down to encourage social distancing and red...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The new construction segment has grown as stadiums are increasingly becoming more advanced. New stadiums with advanced technology are costly to construct.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Stadium construction companies are widely spread out across the country. The number of stadiums in each US region typically correlates with the region's population levels.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Internal competition is intense as operators bid for projects. Pricing and the ability to leverage economies of scale are also significant factors in competition.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is fragmented. As a result, large operators account for less than one-quarter of revenue.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of M. A. Mortenson Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Turner Construction Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Aecom's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for M. A. Mortenson Company, and factors influencing its performance in the industry
- Description and key data for Turner Construction Company, and factors influencing its performance in the industry
- Description and key data for Aecom, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Stadium developers must adhere to safety and security regulations. Various associations have requirements for what must be included in the construction of stadiums, such as e...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Average profit has remained relatively stable over the past five years. However, bigger construction companies can generate higher profits because of larger and more lucrativ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sports Stadium Construction in the US industry in United States in 2024?
The market size of the Sports Stadium Construction in the US industry in United States is $14.4bn in 2024.
How many businesses are there in the Sports Stadium Construction in the US industry in 2024?
There are 3,409 businesses in the Sports Stadium Construction in the US industry in United States, which has grown at a CAGR of 0.6 % between 2019 and 2024.
Has the Sports Stadium Construction in the US industry in United States grown or declined over the past 5 years?
The market size of the Sports Stadium Construction in the US industry in United States has been declining at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Sports Stadium Construction in the US industry in United States over the next 5 years?
Over the next five years, the Sports Stadium Construction in the US industry in United States is expected to grow.
What are the biggest companies in the Sports Stadium Construction in the US market in United States?
The biggest companies operating in the Sports Stadium Construction market in United States are M. A. Mortenson Company, Turner Construction Company and Aecom
What does the Sports Stadium Construction in the US in United States include?
Building new sports stadiums, arenas and fields. and Renovating and altering sports stadiums, arenas and fields. are part of the Sports Stadium Construction in the US industry.
Which companies have the highest market share in the Sports Stadium Construction in the US in United States?
The company holding the most market share in United States is M. A. Mortenson Company.
How competitive is the Sports Stadium Construction in the US industry in United States?
The level of competition is high and steady in the Sports Stadium Construction in the US industry in United States.
