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 - Starting a New Business Chapter
The barriers to entering the industry can vary significantly across product segments. Entry barriers are high for venues in major cities and towns, but are significantly lower for small sports facility companies in regional areas. For large, professional sports stadiums and venues, it is extremely costly to acquire required land, obtain relevant planning and zoning permits, obtain applicable financing, construct the stadium and associated facilities and infrastructure, and attract popular sports and cultural events to contribute to revenue.
In cities and in geographic regions that contain existing, large sports stadiums and venues, it is more difficult for a new company to enter the industry... purchase to read more