Sports and Athletic Field Construction in the US Industry Market Research Report Now Available from IBISWorld

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Growth in the Sports and Athletic Field Construction industry has slowed considerably during the past five years. Some sports venues reduced investment in upgrades, while colleges and other markets postponed projects. These negative trends reduced industry revenue, despite growing demand for alternative fields, such as artificial turf. As the US economic recovery gains steam, construction projects are projected to revive. Further, the demand for the installation and maintenance of sports and athletic fields will also improve. The installation of new artificial (i.e. synthetic) turf is also expected to increase in popularity, spurring revenue growth. For this reason, industry research firm IBISWorld has added a report on the Sports and Athletic Field Construction industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

Artificial turf and renewed demand for construction will stimulate revenue growth

Growth in the Sports and Athletic Field Construction industry has slowed considerably during the past five years. According to industry analyst Brian Bueno, “the collapse in the construction market and subsequent recession in the late 2000s hampered demand for field construction services.” Some sports venues reduced investment in upgrades, while colleges and other markets postponed projects. These negative trends reduced industry revenue, despite growing demand for alternative fields, such as artificial turf. Revenue continued falling through 2011, as municipalities and schools canceled construction projects due to weakened state and federal funding. In 2012, industry revenue is anticipated to increase by a minimal 0.1% to $2.6 billion, marking annualized growth of 0.8% since 2007.

Universities and colleges are currently the largest market for the Sports and Athletic Field Construction industry. Unfortunately, demand from this segment has declined during recent years, particularly from public colleges facing lower government funding. While demand from private colleges has been more resilient than some other markets (e.g. golf courses), the financial crisis limited many colleges' ability to invest in new sports and athletic fields. Many private colleges rely on endowments and donations from alumni. Nevertheless, a decline in per capita disposable income caused many alumni to cut back on discretionary spending following the recession. Consequently, charitable donations to public and private schools have decreased. Bueno says, “endowment funds lost about a quarter of their value during the recession, forcing many institutions to cancel construction projects.”

Some of the larger industry companies have contracts with organizations like universities and professional sports organizations to secure revenue. Nevertheless, the industry remains highly fragmented; the two largest players are Sports Construction Group and Bush Turf. The industry is expected to enter a period of relatively strong growth over the next five years. As the US economic recovery gains steam, construction projects are projected to revive. Further, the demand for the installation and maintenance of sports and athletic fields will also improve. The installation of new artificial (i.e. synthetic) turf is also expected to increase in popularity. Overall, industry revenue is forecast to grow at moderate rate in the five years to 2017.

For more information visit IBISWorld’s Sports and Athletic Field Construction in the US industry page

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This industry constructs and installs athletic and sports fields (such as for football, baseball, soccer and lacrosse). Companies construct artificial turf for sports fields; install grass fields; install athletic track; construct or install embedded equipment (e.g. goal posts, cages, protective netting and scoreboards); construct and install bleachers and install lighting. This industry does not include sports stadium construction.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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