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).
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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
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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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