Entertainment Buildings Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects And Forecast To 2033

 

The Entertainment 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).

 

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According to The Business Research Company’s Entertainment Buildings, The entertainment buildings market size has grown steadily in recent years. It will grow from $108.68 billion in 2023 to $113.05 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%.  The  growth in the historic period can be attributed to cultural and arts scene, population and urbanization, tourism and attractions, economic prosperity, changing leisure preferences..

 

The entertainment buildings market size is expected to see steady growth in the next few years. It will grow to $133.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.  The growth in the forecast period can be attributed to experiential entertainment trends, sustainability and green design, adaptation to digital platforms, community engagement initiatives, crisis resilience.. Major trends in the forecast period include digital ticketing and access control, integration of art and technology, culinary experiences, accessibility and inclusivity, data-driven insights..

 

The increasing construction spending is expected to propel the growth of the entertainment buildings market going forward. Construction spending refers to the expenses made on new construction and includes a variety of construction-related expenditures such as manpower, materials, and infrastructure work. An increase in construction spending favorably influences entertainment buildings since it leads to the development of new entertainment buildings, such as music halls, theatres, and sports stadiums. For instance, in March 2023, according to a recent statistical report published by the United States Census Bureau, a US-based agency of the U.S. Federal Statistical System, total construction spending in the United States was approximately $1.70 trillion in 2022, reflecting a 16% rise. Therefore, increasing construction spending is driving the growth of the entertainment buildings market.

 

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The entertainment buildings market covered in this report is segmented –

1) By Type: Residential, Non-residential

2) By Construction Type: New Construction, Renovation

3) By Application: Owned, Rental

4) By End User: Private, Public

 

Top Major Players

Larsen & Toubro Limited

Tata Projects Limited

Ircon International Limited

Jaiprakash Associates Limited

Punj Lloyd Limited

 

Major companies operating in the entertainment buildings market are focusing on partnerships to drive revenues in their market. A connectivity partnership typically refers to a collaborative agreement or alliance between entities to enhance and optimize connectivity-related aspects. For instance, in May 2023, Tillman Digital Cities LLC, a US-based infrastructure company partnered with Penn Entertainment Inc. With this partnership, Tillman Digital Cities seeks to use Tillman Digital Cities' in-building connectivity solutions, boost customer experience, and increase connectivity for Penn Entertainment's locations across the country. Through this partnership, customers will be able to enjoy wireless access for cashless, contactless, cordless, and sports betting and all cell operators will be supported, in addition to the national public safety network FirstNe. Penn Entertainment Inc. is a US-based entertainment company.

 

The entertainment buildings market report table of contents includes:

1. Executive Summary

2. Entertainment Buildings Market Characteristics

3. Entertainment Buildings Market Trends And Strategies

4. Entertainment Buildings Market - Macro Economic Scenario

5. Global Entertainment Buildings Market Size and Growth

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31. Global Entertainment Buildings Market Competitive Benchmarking

32. Global Entertainment Buildings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Entertainment Buildings Market

34. Entertainment Buildings Market Future Outlook and Potential Analysis

35. Appendix

 

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