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Entertainment And Sports Buildings Global Market Report 2024 - By Report, Growth, Size, Share, Industry Demand, Forecast To 2033
Entertainment And Sports Buildings Market
Entertainment And Sports Buildings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $349.47 billion In 2028 At A CAGR Of 5.1%.
The entertainment and sports buildings market size has grown steadily in recent years. It will grow from $272.99 billion in 2023 to $286.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to global sporting events hosting, rise in popularity of sports and entertainment, economic growth and investments, urbanization and lifestyle changes, corporate sponsorship and revenue generation.
The entertainment and sports buildings market size is expected to see strong growth in the next few years. It will grow to $349.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to focus on sustainable and green infrastructure, multi-use and flexibility requirements, public-private partnerships in development, changing consumer preferences and event formats, post-pandemic recovery and return to live events.. Major trends in the forecast period include contactless technologies for ticketing and transactions, focus on inclusivity and accessibility, integration of augmented reality (ar) for live events, smart stadiums and venue connectivity, health and safety measures.
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Entertainment And Sports Buildings Market Major Segments
The entertainment and sports buildings market covered in this report is segmented -
1) By Buidling Type: Non Residential Smart Buildings, Traditional Buildings
2) By Construction Type: New Construction, Renovation
3) By End User: Private, Public
Key Driver - Government Investments Drive Growth In The Entertainment And Sports Buildings Market
The growing investment by the government for the improvement of various buildings is driving the growth of the entertainment and sports buildings market going forward. The construction and renovation of sports and entertainment facilities can be significantly aided by government investments. Governments fund the development of new sports and entertainment structures as well as the renovation of preexisting ones. These funds, which may take the form of grants or loans, can help defray some of the expenses related to constructing or improving these facilities. Hence, the increasing government funding for sports and entertainment building improvement is boosting the market. For instance, in March 2022, according to a report published by the government of the UK, a total of £230 million ($285.5 million) will be invested to help build or upgrade up to 8,000 best pitches across the UK over the next four years, with £39 million ($48.4 million) going towards football facilities in England this fiscal year. Clubhouses, locker rooms, and community buildings will also be built or renovated with the funding. Therefore, the growing investment by the government for the improvement of various buildings is boosting the growth of the entertainment and sports buildings market.
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Prominent Trend - Embracing Innovation With Technological Advancements In Entertainment And Sports Buildings
Technological advancements are the key trend gaining popularity in the entertainment and sports buildings market. Major companies operating in the market are developing innovative technologies such as the use of autonomous vehicles for construction such as autonomous track loaders (ATL), autonomous dozers, and other advanced technologies to sustain their position in the market. For instance, in December 2021, Komatsu Ltd., a Japan-based manufacturer of construction, mining, forestry, and military equipment, launched the Smart Construction Drone to simplify production tracking. It is uniquely designed with the 3D visualization power and geospatial accuracy of Cesium for the collection of accurate topographical data and capturing quantities for production tracking. It can take still photos from up to 400 feet above ground level or under bridge decks.
Entertainment And Sports Buildings Market Players
Major companies operating in the entertainment and sports buildings market report are Shanghai Construction Group Co. Ltd., Bouygues SA, Obayashi Corporation, Daiwa House Industry Co. Ltd., Metallurgical Corporation of China Limited, Sunac China Holdings Ltd., Kajima Corporation, Brookfield Asset Management, Sekisui House Ltd., China Communications Construction Company Ltd., China State Construction Engineering Corp. Ltd., Larsen & Toubro Ltd., Vinci Construction SA, Greenland Holding Group, Turner Construction, AECOM Technology Corporation, Skanska AB, Jacobs Engineering Group Inc., Fluor Corporation, Balfour Beatty plc, Clark Construction Group LLC, Hensel Phelps Construction Co., PCL Construction Enterprises Inc., McCarthy Building Companies Inc., Mortenson Construction, Whiting-Turner Contracting Company, Gilbane Building Company, DPR Construction Inc., JE Dunn Construction Group Inc., Webcor Builders Inc., Swinerton Inc., Suffolk Construction Company Inc., Ryan Companies US Inc., Turner Logistics India Pvt. Ltd., Barton Malow Company, The Boldt Company, Henry C. Beck Company, Gray Construction Services Inc., The Haskell Company, The Korte Company .
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the entertainment and sports buildings market in 2023. Africa is expected to be the fastest-growing region in the entertainment and sports buildings market during the forecast period. The regions covered in the entertainment and sports buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Entertainment And Sports Buildings Market Report Structure
3. Entertainment And Sports Buildings Market Trends And Strategies
4. Entertainment And Sports Buildings Market - Macro Economic Scenario
5. Entertainment And Sports Buildings Market Size And Growth
…..
27. Entertainment And Sports Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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