Sports Buildings Global Market Size, Growth, Share with Countries Data, Industry Trends, Demand, Revenue and Forecast 2028 | HKS Inc., SmithGroup, DLR Group, CannonDesign Inc., EwingCole Inc.

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Overview and Scope
Sports buildings are facilities created especially for supporting a variety of sports and physical activities. Sports facilities are often built to offer athletes the finest environment and tools to train, compete, and perform at their full potential. Sports buildings also provide locals with a secure location to participate in recreational and competitive sporting events and support an active and healthy lifestyle.

Sizing and Forecast
The sports buildings market size has grown strongly in recent years. It will grow from $164.31 billion in 2023 to $173.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to sporting events and leagues, urbanization and recreation trends, government investment in sports, community engagement, corporate sponsorship and funding.

The sports buildings market size is expected to see strong growth in the next few years. It will grow to $216.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global sporting events, emphasis on health and wellness, smart and sustainable infrastructure, public and private sector investments, popularity of professional sports. Major trends in the forecast period include modular and prefabricated construction, technology-enhanced training facilities, augmented and virtual reality experiences, community engagement and social spaces, global sporting events influence..

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Segmentation & Regional Insights
The sports buildings market covered in this report is segmented –
1) By Type: Gymnasiums, Yoga, Aerobic Dance, Handball Sports, Racquet Sports, Skating, Swimming, Others
2) By Age Group: 35 And Younger, 35-54, 55 And Older
3) By End User: Men, Women

North America was the largest region in the sports buildings market in 2023. The regions covered in the sports buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising interest of people in sports worldwide is expected to propel the growth of the sports buildings market going forward. The rising disposable incomes, increased health consciousness and the growing popularity of organized sports events, have raised the interest of people in sports. Sports facilities, such as stadiums, arenas, and gymnasiums, are in more demand due to people’s increased interest in participating in physical activity. For instance, in March 2023, according to National Collegiate Athletic Association, a US-based non-profit organization that regulates student athletics, the number of student-athletes competing in NCAA women’s championship sports increased by 5% from 10,726 student-athletes in 2020-2021 to 226,212 student-athletes in 2021-22. Therefore, the rising interest of people in sports globally is driving the growth of the sports buildings market.

Key Industry Players
Major companies operating in the sports buildings market are launching multi-sport facilities to attain a competitive lead in the market. Multi-sport facilities are characterized by their flexibility, providing space and infrastructure that can be adapted to the requirements of different sports and events. For instance, in April 2022, New Balance Athletics Inc., a US-based footwear company launched The TRACK, a state-of-the-art multi-sport. This facility serves as a training and competition hub for Team New Balance, professional athletes, and the community. The TRACK features a dual terrain indoor track convertible to a field, flexible courts for basketball, soccer, and volleyball, a Sports Research Lab, the Roadrunner music venue and a Beer Hall. The facility aims to blend sports, style, and culture, with a focus on sustainability, obtaining LEED Silver certification, and incorporating a solar array on the roof. The New Balance Sports Research Lab, equipped with advanced technology, reinforces the brand’s commitment to sports innovation and excellence. Roadrunner, the concert venue beneath The TRACK, adds an entertainment dimension.

The sports buildings market report table of contents includes:
1. Executive Summary