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 2015-16, the industry benefited from rising health awareness and increasing demand for major sporting venues leading up to and during the 2012 London Olympics... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sports Facilities industry is in the mature phase of its life cycle. Industry value added, which measures industry contribution to the wider economy, is forecast to rise at a compound annual rate of 3.6% over the 10 years through 2020-21. In contrast, GDP is expected to grow at a compound annual rate of 2.1%. This would ordinarily indicate a growing industry. However, the discrepancy between the two growth rates is due to a relatively low industry value added in the base year as the industry was preparing for the 2012 Olympics while demand was still relatively weak.
Industry growth should be supported by rising health awareness and relatively resilient demand for sporting events such as Premier League football... purchase to read more