Industry Analysis & Industry Trends
The Sports Facilities industry covers 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, where members of the public can participate in sporting and other activities, that may or may not have spectator seating. A wide range of professional and amateur sports groups use these facilities, usually by leasing them from the owners or operators. A range of entertainment, cultural and other events can also be hosted in the industry's establishments... 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 4.2% 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