The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

People’s growing interest in sports is likely to promote innovation in sports building production, propelling the market during the forecast period.

The global sports buildings market is expected to grow from $154.93 billion in 2022 to $165.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global sports buildings market size is expected to reach $201.86 billion in 2027 at a CAGR of 5.1%.

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 Global Sports Buildings Market Segments Include:

• By Type: Gymnasiums, Yoga, Aerobic Dance, Handball Sports, Racquet Sports, Skating, Swimming, Others
• By Age Group: 35 And Younger, 35-54, 55 And Older
• By End User: Men, Women
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global sports buildings market in 2021.

Major Market Players in the sports buildings market include AECOM, Mortenson, Clark Construction Group, Turner Construction, Gilbane Building Company, Whiting-Turner Contracting Co., Brasfield & Gorrie, Barton Malow Holdings, STO Building Group.

Technological advancements in the sports construction market have emerged as a significant trend. Major sports building firms are focusing on implementing new technology, such as artificial intelligence, to increase safety and strengthen their market position. Acrisure Stadium, a US-based stadium, for example, teamed with Evolv Technology, a US-based AI weapons detection security screening company, in March 2023 to deploy Evolv Express systems. The Evolv Express solution is an AI solution that distinguishes between normal objects and threats at its gates in order to detect firearms from attendees without requiring them to examine their bags.

The Sports Buildings Global Market Report 2023  provides a sports buildings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sports buildings market forecast analyzes sports buildings market size, sports buildings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Sports buildings are structures designed specifically to facilitate a variety of sports and physical activities. Sports facilities are frequently created to provide athletes with the best atmosphere and resources for training, competing, and performing at their peak. Sports facilities also provide a safe environment for residents to participate in recreational and competitive athletic events, promoting an active and healthy lifestyle.

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