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Sports and Athletic Field Construction Industry Market Research Report Now Updated by IBISWorld

Australia’s growing population, coupled with increased sports participation, will drive demand for the Sports and Athletic Field Construction industry during the next five years. For this reason, industry research firm IBISWorld has updated its report on the Sports and Athletic Field Construction industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

Increased sports participation will generate a need for more sporting grounds, especially in outer suburbs and regional areas.

Melbourne, Australia (PRWEB) June 04, 2014

Sporting fields and athletic tracks are generally considered public goods that cater to the general community for organised sports and general recreation, and enhance public health and sports participation. According to IBISWorld industry analyst Anthony Kelly, “All tiers of government invest in sporting infrastructure constructed by the Sports and Athletic Field Construction industry, and the market also attracts contributions through commercial sponsorship and philanthropic grants.” The industry was a recipient of government stimulus packages that were introduced to offset the impact of the global financial crisis in the late 2000s. These included the funding of buildings and infrastructure for all primary schools along with grants to local governments to fund community infrastructure programs. Since the late 2000s, industry participants have benefited from several major stadium developments and resurfacing projects, such as the WA Athletics Stadium in Perth, AAMI Stadium in Melbourne, and Metricon Stadium (Carrara) on the Gold Coast. The industry has benefited from community and government grants for drought proofing the playing surfaces of existing sporting fields.

IBISWorld projects that industry revenue will grow at an annualised 0.2% over the five years through 2013-14, to total $620.0 million. “In 2013-14, revenue is forecast to drop 5.7% on the previous year due to the scaling back in funding of several large-scale sports infrastructure projects,” says Kelly. These include the completion of the Adelaide Oval redevelopment and the new Skoda Stadium, which is the home of the Australian Football League (AFL) expansion club Greater Western Sydney. The Sports and Athletic Field Construction industry exhibits a low level of market share concentration with no major players.

Beyond the short-term impact of the injection and withdrawal of public funding and major projects, the industry's performance over the past five years has been supported by solid trends in government investment into infrastructure, and spending on primary and secondary education. Australia's growing population, coupled with increased sports participation, will generate a need for more sporting grounds, especially in outer suburbs and regional areas. Industry revenue is forecast to record solid cyclical growth. This performance will be driven by the spread of new housing developments and the subsequent demand for new sporting facilities, investment into drought-tolerant surfaces and the injection of funds into preparations for the Gold Coast Commonwealth Games.

For more information, visit IBISWorld’s Sports and Athletic Field Construction report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau.

IBISWorld industry Report Key Topics
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 seating, and install lighting. This industry does not include sports stadium construction.

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About IBISWorld Inc.
Recognised 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 Australian 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 Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


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