Sports Stadium Construction in the US Market Size
In the past decade, environmentally-friendly operations and practices have gone from a marginal concern to a major consideration in sports venue management. Organisations – such as the Green Sports Alliance – have been set up to offer guidance and support for the sector, and there is now an understanding that ‘sustainable stadium’ equals ‘economically efficient’.
- Indoor stadium segment is expected to grow at highest CAGR of 4.6% during the forecast period.
- The stadium lighting market is fragmented and the vendors are deploying growth strategies such as product development and deployment of stadium lighting systems globallyto compete in the market.
- Our report provides extensive information on the value chain analysis for the stadium lighting market, which vendors can leverage to gain a competitive advantage during the forecast period.
- This smart stadium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
- A. The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
Europe governed the overall smart stadium market share in 2017, owing to high adoption of smart stadium solutions supported by high technology spending among large number of stadiums across the region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to factors such as rise in IT spending in sports infrastructure and growth in number of sports league in the developing countries. The global stadium seating market is expected to reach USD 1.85 billion by 2025, according to a new report by MWR. Rising number of sports events and growing popularity of live entertainment concerts are the major factors driving the market growth. The growth in the number of stadium construction and renovation projects will facilitate the stadium lighting market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. Governments in the Asia-Pacific countries are increasingly investing in sports infrastructure and expanding stadium facilities.
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The nominees are 18 stadiums from Asia, seven from Europe, four from Africa, three from North America, two from South America, and one from Australia and Oceania. The construction of Stade Yamoussoukro is part of the government’s plans to develop the country’s sports infrastructure. However, a significant boost to its construction came when Cote d’Ivoire won the right to host the Africa Cup of Nations in 2024. Stade de Yamoussoukro, https://americanfriends.info/how-to-cope-with-the-consequences-of-u-s-sanctions-the-euroinvest-experience/ completed in 2022, is considered one of the most impressive African venues. Other stadiums on the African continent also in contention are Algeria’s Stade Abdelkrim-Kerroum, Stade du Sénégal, and Egypt’s Suez Canal Authority Stadium. Cote d’Ivoire’s Stade de Yamoussoukro is nominated for the Stadium of the Year 2022 Award in a public vote. The Ivorien stadium faces tough competition with other venues from all over the world.
Global Stadium Lighting Market Drivers:
Also, thank to this exceptional capacity, safety and comfort levels, it has earned the status of UEFA category 4, which is the highest qualification that a stadium can reach. This means that the stadium can host the biggest football matches such as the finals of the UEFA Champions League or the Europa League. User comfort and experience were placed at the centre of this refurbishment project which included, in addition to modernisation works, a significant increase in capacity, a roof to cover all the stands, and the creation of a more multi-purpose complex. Explore emerging trends and discover in-depth reports on issues affecting the built environment, future transport and sustainable infrastructure, along with breaking company news. If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Acuity Brands Inc. – The company offers Stadium Lighting that offers maximum versatility for high output floodlighting design and renovation applications, under the brand names HLF and ACP. Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.