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Emerging Trends to Reshape the Sports Buildings Market: Technological Advancements Driving Innovation In Sports Buildings Market as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Sports Buildings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market value of sports buildings has seen a consistent rise in recent years, with projections indicating an increase from $177.73 billion in 2024 to $186.32 billion in 2025. This anticipated growth abides by a compound annual growth rate (CAGR) of 4.8%. The historic surge in this sector can be aligned with factors such as the rise in sports events and leagues, urbanization and recreation trends, government investment in sports, engagement of the community, along with corporate sponsorship and funding.
Sports Buildings Market Size Forecast: What's the Projected Valuation by 2029?
The market size for sports facilities is projected to experience robust growth in the upcoming years. By 2029, it's estimated to expand to $235.57 billion, with a compound annual growth rate (CAGR) of 6.0%. This growth during the forecast period is anticipated to stem from various factors such as global sporting events, a focus on health and fitness, tech-savvy and eco-friendly infrastructure, both public and private sector investments, and the rising popularity of professional sports. As we look forward, some notable trends emerge which include the use of modular and prefabricated construction, advanced tech-integrated training facilities, the incorporation of augmented and virtual reality, community interaction and social areas, and the impact of international sporting events.
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What Are the Drivers Transforming the Sports Buildings Market?
The worldwide enthusiasm for sports is anticipated to stimulate the expansion of the sports buildings sector in the future. Factors such as increasing disposable income, heightened awareness of health and wellness, and the popularity of structured sports competitions are fueling public interest in sports. Consequently, demand for sports infrastructures like stadiums, arenas, and gymnasiums is growing due to people's keener engagement in physical activities. For example, the National Collegiate Athletic Association, a non-profit organization governing student sports in the US, reported in March 2023 that the number of student-athletes taking part in NCAA women's championship sports rose by 5% from 10,726 student-athletes in 2021 to 226,212 student-athletes in 2022. Thus, the escalating interest in sports worldwide is fostering the growth of the sports buildings market.
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What Long-Term Trends Will Define the Future of the Sports Buildings Market?
Advancements in technology have become a significant trend in the sports facility market. Prominent businesses in this market are keen on integrating cutting-edge technologies, such as artificial intelligence, to enhance safety and solidify their market standing. For example, in March 2023, Acrisure Stadium, an American-based sports facility, collaborated with Evolv Technology, an American company specializing in AI-based weapons detection security screening. They implemented the Evolv Express solutions, an AI-driven mechanism that differentiates between ordinary objects and potential threats, thus enabling the detection of weapons from spectators without the need to inspect their possessions.
Which Segments in the Sports Buildings Market Offer the Most Profit Potential?
The sports buildings market covered in this report is segmented -
1) By Type: Gymnasiums, Yoga, Aerobic Dance, Handball Sports, Racquet Sports, Skating, Swimming, Others
2) By Age Group: 35 And Younger, 35-54, 55 And Older
3) By End User: Men, Women
Subsegments:
1) By Gymnasiums: Multi-Purpose Gyms, Weight Training Facilities, Indoor Track Facilities
2) By Yoga: Hot Yoga Studios, Traditional Yoga Studios, Outdoor Yoga Spaces
3) By Aerobic Dance: Dance Studios, Fitness Centers With Aerobic Facilities
4) By Handball Sports: Indoor Handball Courts, Outdoor Handball Courts
5) By Racquet Sports: Indoor Tennis Courts, Badminton Courts, Squash Courts
6) By Skating: Ice Skating Rinks, Roller Skating Rinks
7) By Swimming: Indoor Swimming Pools, Outdoor Swimming Pools, Competitive Swimming Facilities
8) By Others: Martial Arts Studios, Climbing Gyms, Community Sports Centers
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Which Firms Dominate the Sports Buildings Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Sports Buildings Market?
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
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