$14.4bn
$XXX.Xm
18,122
3,409
$X.Xbn
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.
Industry revenue has declined at a CAGR of 0.9 % over the past five years, to reach an estimated $14.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($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 |
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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.
New construction revenue expands as technologically advanced stadiums cost more to build
This industry constructs stadiums for football, baseball, soccer, basketball and other sports events.
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NAICS 23622 - Sports Stadium Construction in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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...
Learn about an industry's products and services, markets and trends in international trade.
The new construction segment has grown as stadiums are increasingly becoming more advanced. New stadiums with advanced technology are costly to construct.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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.
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.
Internal competition is intense as operators bid for projects. Pricing and the ability to leverage economies of scale are also significant factors in competition.
Learn about the performance of the top companies in the industry.
The industry is fragmented. As a result, large operators account for less than one-quarter of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
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...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
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...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Sports Stadium Construction in the US industry in United States is $14.4bn 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.
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.
Over the next five years, the Sports Stadium Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Sports Stadium Construction market in United States are M. A. Mortenson Company, Turner Construction Company and Aecom
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.
The company holding the most market share in United States is M. A. Mortenson Company.
The level of competition is high and steady in the Sports Stadium Construction in the US industry in United States.