Entertainment And Sports Buildings Market - By Size, Share, Revenue, Trends And Drivers For 2024-2033
The Entertainment And Sports
Buildings by The Business Research Company provides market overview across 60+
geographies in the seven regions - Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle East, and Africa, encompassing
27 major global industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a ten-year
forecast period (2023-2033).
Learn More On The Entertainment
And Sports Buildings Market:
According to The Business Research
Company’s Entertainment And Sports Buildings, 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..
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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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
Top Major Players
Shanghai Construction Group Co.
Ltd.
Bouygues SA
Obayashi Corporation
Daiwa House Industry Co. Ltd.
Metallurgical Corporation of China
Limited
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.
The entertainment and sports
buildings market report table of contents includes:
1. Executive Summary
2. Entertainment And Sports
Buildings Market Characteristics
3. Entertainment And Sports
Buildings Market Trends And Strategies
4. Entertainment And Sports
Buildings Market - Macro Economic Scenario
5. Global Entertainment And Sports
Buildings Market Size and Growth
.............................
31. Global Entertainment And
Sports Buildings Market Competitive Benchmarking
32. Global Entertainment And
Sports Buildings Market Competitive Dashboard
33. Key Mergers And Acquisitions
In The Entertainment And Sports Buildings Market
34. Entertainment And Sports
Buildings Market Future Outlook and Potential Analysis
35. Appendix
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