Industry Analysis & Industry Trends
The Sports Facilities industry contains two main types of sports facilities: large, professional sports venues and stadiums where many people are able to view professional sporting events; and smaller, local sports venues that may or may not have spectator seating and where members of the public can participate in sporting and other activities. A wide range of professional and amateur sports groups use these facilities, usually leasing them from the owners or operators. A range of entertainment, cultural and other events can also be hosted in the industry's establishments.
During the five years through 2014-15, the industry benefited from rising health awareness and increasing demand for major sporting venues leading up to and during the Olympics... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sports Facilities industry is in the mature phase of its life cycle.
Over the 10 years through 2019-20, industry value added is forecast to grow at a compound annual rate of 2.6%. This compares with growth in GDP in the wider economy of 2.1% over the same period. This is characteristic of an industry in the mature stage of its life cycle.
Industry growth should be supported by rising health awareness and relatively resilient demand for sporting events such as Premier League football. However, growth will be limited by the ageing population and competition from other fitness activities.
Industry employment is forecast to decline at a compound annual rate of 1.7% over the five years through 2019-20... purchase to read more