What is the Projected Size of the Entertainment Buildings Market by 2029?
The global entertainment buildings market has seen a consistent growth surge in recent years. According to the recent data, it is projected to grow from $113.75 billion in 2024 to $118.76 billion in 2025, marking a compound annual growth rate (CAGR) of 4.4%. The growth during the historic period can be attributed to factors such as increasing cultural and arts scenes, rising urbanization, growing attraction in tourism, an upward swing in economic prosperity, and evolving leisure preferences.
By 2029, the entertainment buildings market size is expected to further grow to $141.62 billion at a CAGR of 4.5%. This growth forecast for the market is driven by a variety of factors, including growing trends in experiential entertainment, a surge in sustainability and green design, greater acceptance of digital platforms, and community engagement initiatives. Other significant factors include the market’s resilience to crises and the prevalence of trends such as digital ticketing and access control, increased integration of art and technology, burgeoning culinary experiences, enhanced accessibility and inclusivity, and the application of data-driven insights.
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What is Driving the Growth of the Entertainment Buildings Market?
A significant factor propelling the growth of the entertainment buildings market is the increasing construction spending, which includes expenditures on new construction, manpower, materials, and infrastructure work. This upward trend in construction spending leads to the development of new entertainment buildings such as music halls, theatres, and sports stadiums. As per a recent report by the United States Census Bureau, total construction spending in the U.S. soared by 16% to approximately $1.70 trillion in 2022.
What Are the Major Segments Within the Global Entertainment Buildings Market?
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Application: Owned, Rental
4) By End User: Private, Public
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Who Are the Major Players in the Entertainment Buildings Market?
Notable companies operating in the entertainment buildings market include Larsen & Toubro Limited, Tata Projects Limited, Hindustan Construction Company Limited, Theme Park Build Limited, Play Mart International Limited, Garmendale Engineering Limited, WaterPark Construction Inc., David Theming Works S.L., Forté Specialty Contractors LLC, AECOM Inc., HOK Group Inc., Populous Group LLC, M. Arthur Gensler Jr. & Associates Inc., HKS Inc., NBBJ LLP, Turner Construction Company, Skanska AB, Clark Construction Group LLC, Gilbane Building Company, Hensel Phelps Construction Co.
What are the Emerging Trends in the Entertainment Buildings Market?
A key emerging trend in the entertainment buildings market includes a focus on partnerships by major companies. For instance, Tillman Digital Cities LLC, a U.S.-based infrastructure company and Penn Entertainment Inc. entered a partnership in May 2023. With this collaboration, Tillman Digital Cities seeks to enhance its in-building connectivity solutions and customer experience for Penn Entertainment’s locations across the country.
Which Region was the Largest in the Entertainment Buildings Market in 2024?
Asia-Pacific emerged as the largest region in the entertainment buildings market in 2024. Other regions covered in the entertainment buildings market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What does the Entertainment Buildings Market Report 2025 Offer?
Entertainment buildings refer to structures specially designed to host performances, concerts, movies, and other forms of entertainment. They serve as venues for events and also offer additional amenities like restaurants, bars, and merchandise shops.
The Entertainment Buildings Market research report from The Business Research Company presents global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Seamlessly purchase the exclusive report now to unlock the in-depth insights:
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