Sports Stadium Construction in the US - Industry Market Research Report

Hit the Field: Continued Economic Recovery Will Likely Increase Public-Sector Funding for Industry Projects

The Sports Stadium Construction industry has declined, despite increased demand for industry projects and government funding, as the pandemic contributed to slumping revenue. Operators build, renovate, alter and maintain sports stadiums, arenas and fields. Most of the industry's demand originates from educational institutions like high schools and universities or commercial sports enterprises like sports franchises and leagues. In either case, the public sector is typically heavily involved in providing funds and incentives for the construction of stadiums. Over the five years to 2023, revenue has fallen at an estimated CAGR of 3.0% to $14.5 billion, including an expected 2.2% increase in 2023 alone, when profit it expected to remain stable at 4.4% of revenue. 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.