Press release
Market Analysis and Growth Potential in the Sports Buildings Market Amid Evolving Industry Trends
The sports buildings market size has grown strongly in recent years. It will grow from $164.31 billion in 2023 to $173.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to sporting events and leagues, urbanization and recreation trends, government investment in sports, community engagement, corporate sponsorship and funding..
The sports buildings market size is expected to see strong growth in the next few years. It will grow to $216.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global sporting events, emphasis on health and wellness, smart and sustainable infrastructure, public and private sector investments, popularity of professional sports. Major trends in the forecast period include modular and prefabricated construction, technology-enhanced training facilities, augmented and virtual reality experiences, community engagement and social spaces, global sporting events influence..
Market Overview -
Sports buildings are facilities created especially for supporting a variety of sports and physical activities. Sports facilities are often built to offer athletes the finest environment and tools to train, compete, and perform at their full potential. Sports buildings also provide locals with a secure location to participate in recreational and competitive sporting events and support an active and healthy lifestyle.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=9699&type=smp
Rising Sports Enthusiasm Fuels Growth In The Sports Buildings Market
The rising interest of people in sports worldwide is expected to propel the growth of the sports buildings market going forward. The rising disposable incomes, increased health consciousness and the growing popularity of organized sports events, have raised the interest of people in sports. Sports facilities, such as stadiums, arenas, and gymnasiums, are in more demand due to people's increased interest in participating in physical activity. For instance, in March 2023, according to National Collegiate Athletic Association, a US-based non-profit organization that regulates student athletics, the number of student-athletes competing in NCAA women's championship sports increased by 5% from 10,726 student-athletes in 2020-2021 to 226,212 student-athletes in 2021-22. Therefore, the rising interest of people in sports globally is driving the growth of the sports buildings market.
Competitive Landscape -
Major companies operating in the sports buildings market report are 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 .
Technological Advancements Driving Innovation In Sports Buildings Market
Technological innovations in the sports building market have emerged as a key trend. Major companies operating in the sports building market are focused on incorporating new technologies, such as artificial intelligence, to improve safety and strengthen their position in the market. For instance, in March 2023, Acrisure Stadium, a US-based stadium, partnered with Evolv Technology, a US-based AI weapons detection security screening provider, to install Evolv Express solutions. Evolv Express solution is an AI solution that distinguishes between commonplace items and threats at its gates to detect weapons from attendees without checking their belongings.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/sports-buildings-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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The Business Research Company
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The sports buildings market size is expected to see strong growth in the next few years. It will grow to $216.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global sporting events, emphasis on health and wellness, smart and sustainable infrastructure, public and private sector investments, popularity of professional sports. Major trends in the forecast period include modular and prefabricated construction, technology-enhanced training facilities, augmented and virtual reality experiences, community engagement and social spaces, global sporting events influence..
Market Overview -
Sports buildings are facilities created especially for supporting a variety of sports and physical activities. Sports facilities are often built to offer athletes the finest environment and tools to train, compete, and perform at their full potential. Sports buildings also provide locals with a secure location to participate in recreational and competitive sporting events and support an active and healthy lifestyle.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9699&type=smp
Rising Sports Enthusiasm Fuels Growth In The Sports Buildings Market
The rising interest of people in sports worldwide is expected to propel the growth of the sports buildings market going forward. The rising disposable incomes, increased health consciousness and the growing popularity of organized sports events, have raised the interest of people in sports. Sports facilities, such as stadiums, arenas, and gymnasiums, are in more demand due to people's increased interest in participating in physical activity. For instance, in March 2023, according to National Collegiate Athletic Association, a US-based non-profit organization that regulates student athletics, the number of student-athletes competing in NCAA women's championship sports increased by 5% from 10,726 student-athletes in 2020-2021 to 226,212 student-athletes in 2021-22. Therefore, the rising interest of people in sports globally is driving the growth of the sports buildings market.
Competitive Landscape -
Major companies operating in the sports buildings market report are 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 .
Technological Advancements Driving Innovation In Sports Buildings Market
Technological innovations in the sports building market have emerged as a key trend. Major companies operating in the sports building market are focused on incorporating new technologies, such as artificial intelligence, to improve safety and strengthen their position in the market. For instance, in March 2023, Acrisure Stadium, a US-based stadium, partnered with Evolv Technology, a US-based AI weapons detection security screening provider, to install Evolv Express solutions. Evolv Express solution is an AI solution that distinguishes between commonplace items and threats at its gates to detect weapons from attendees without checking their belongings.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/sports-buildings-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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