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Sports Stadium Construction - Industry Market Research Report

  • January 2017
  • -
  • Ibisworld
  • -
  • 33 pages

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Going the distance: Recovering government budgets will drive industry revenue

Abstract

Sports Stadium Construction

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.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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