Sports Buildings Market Report 2025

The sports buildings market size has grown strongly in recent years. It will grow from $182.91 billion in 2024 to $194.37 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to sporting events and leagues, urbanization and recreation trends, government investment in sports, community engagement, corporate sponsorship and funding.

The sports buildings market size is expected to see strong growth in the next few years. It will grow to $246.04 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to global sporting events, emphasis on health and wellness, smart and sustainable infrastructure, public and private sector investments, popularity of professional sports. Major trends in the forecast period include modular and prefabricated construction, technology-enhanced training facilities, augmented and virtual reality experiences, community engagement and social spaces, global sporting events influence.

The growth of the sports buildings market is anticipated to be propelled by the increasing global interest in sports. Factors such as rising disposable incomes, heightened health consciousness, and the growing popularity of organized sports events have contributed to a surge in people's interest in sports activities. This heightened interest is reflected in the demand for sports facilities, including stadiums, arenas, and gymnasiums. For instance, data from the National Collegiate Athletic Association (NCAA) in March 2023 indicates a 5% increase in the number of student-athletes competing in NCAA women's championship sports, rising from 10,726 in 2020-2021 to 226,212 in 2021-22. The growing enthusiasm for sports globally is a key driver fueling the growth of the sports buildings market.

The increasing number of sports travelers is anticipated to drive the growth of the sports buildings market in the future. This growth leads to a higher demand for venues that can host a variety of sporting events, accommodate large audiences, and offer modern amenities. Additionally, factors such as economic impact, improved fan experiences, the globalization of sports, media and sponsorship opportunities, and legacy planning further support the expansion of the market. Sports buildings are crucial infrastructure that promotes community engagement, local development, and long-term advantages for regions hosting these events. For instance, in April 2024, the Sports Events and Tourism Association, a US-based non-profit trade association for the sports tourism industry, reported that the sports tourism industry experienced a 7% increase in traveler volume in 2023 compared to 2022. Furthermore, the number of sports travelers in the United States reached a record high of 204.9 million in 2023. Therefore, the rising number of sports travelers is propelling the growth of the sports buildings market.

Technological innovation has become a prominent trend in the sports building market, with major companies focusing on incorporating advanced technologies, including artificial intelligence (AI), to enhance safety and solidify their market position. For instance, in March 2023, the partnership between Acrisure Stadium, a U.S.-based stadium, and Evolv Technology, a U.S.-based AI weapons detection security screening provider. The implementation of Evolv Express solutions, an AI-based solution capable of distinguishing between commonplace items and potential threats, showcases the industry's commitment to leveraging technology for improved security in sports buildings.

Major players in the sports buildings market are adopting a strategic approach by introducing multi-sport facilities to gain a competitive advantage. These facilities are known for their versatility, providing adaptable space and infrastructure to meet the diverse requirements of various sports and events. One notable example is the initiative by New Balance Athletics Inc., a U.S.-based footwear company, which launched The TRACK in April 2022. This state-of-the-art multi-sport facility serves as a hub for training and competition for Team New Balance, professional athletes, and the local community. The TRACK features a dual terrain indoor track that can be converted to a field, flexible courts for basketball, soccer, and volleyball, a Sports Research Lab, the Roadrunner music venue, and a Beer Hall. The facility focuses on blending sports, style, and culture, emphasizing sustainability by obtaining LEED Silver certification and incorporating a solar array on the roof. The inclusion of advanced technology in the New Balance Sports Research Lab underscores the brand's dedication to sports innovation and excellence, while the Roadrunner concert venue adds an entertainment dimension to the facility.

In May 2023, Arena Group, a UAE-based events solutions company, acquired Stadium Solutions for an undisclosed sum. This acquisition is intended to enhance Arena's presence in the competitive UK and European stadium markets, positioning it as a notable player in both permanent and temporary structures. Stadium Solutions is a UK-based specialist in stadium services, providing comprehensive technical support from the initial design phase through all stages of engineering, fabrication, and construction.

Major companies operating in the sports buildings market include AECOM Technology Corporation, M. A. Mortenson Company, Clark Construction Group, Turner Construction, Gilbane Building Company, Whiting-Turner Contracting Co., Brasfield & Gorrie LLC, Barton Malow Holdings LLC, STO Building Group, Shawmut Design and Construction, PCL Construction Enterprises Inc., McCownGordon Construction LLC, JE Dunn Construction Group, Nabholz Construction Crop., Hellas Construction Inc., Populous Holdings Inc., Hellmuth Obata + Kassabaum Inc., NBBJ, Gensler, ROSSETTI Architects, Eckersley O'Callaghan Limited, HKS Inc., SmithGroup, DLR Group, CannonDesign Inc., EwingCole Inc., Morphosis Architects, TVS Design Inc., Mancini Duffy, HNTB Corporation.

North America was the largest region in the sports buildings market in 2024. The regions covered in the sports buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sports buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sports buildings are dedicated facilities designed to accommodate a diverse range of sports and physical activities. These establishments are crafted to provide athletes with optimal environments and equipment to train, compete, and achieve peak performance. Additionally, these buildings serve as safe spaces for local communities to engage in recreational and competitive sports, promoting an active and healthy lifestyle.

Primary types of sports buildings include gymnasiums, spaces for yoga, aerobic dance, handball, racquet sports, skating arenas, swimming pools, and various other sporting facilities. Gymnasiums specifically cater to fitness and training, offering a variety of exercise equipment and classes for physical well-being. The users of sports buildings are segmented into different age groups such as 35 and younger, 35-54, and 55 and older, further categorized by gender, including men and women.

The sports buildings market research report is one of a series of new reports that provides sports buildings market statistics, including sports buildings industry global market size, regional shares, competitors with a sports buildings market share, detailed sports buildings market segments, market trends and opportunities, and any further data you may need to thrive in the sports buildings industry. This sports buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sports buildings market includes revenues earned by entities by arenas, rinks, pools, outdoor field and stadiums. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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