the factors such as rise in the number of stadiums and breakthroughs in stadium seating technology are driving the growth of the global stadium seating market
Roshan DeshmukhResearch Manager, Consumer Goods at Allied Market Research
Stadium seating market 2021-2030
According to a new report published by Allied Market Research, titled, "Stadium seating Market by Seat Type, Application, Design, and Material: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global stadium seating market size was valued at $1,030.0 million in 2020, and is projected to reach $1,570.7 million by 2030, registering a CAGR of 4.4% from 2021 to 2030. The telescopic seating segment was the highest contributor to the market, in 2020, and is estimated to reach $604.7 million by 2030, at a CAGR of 4.6% during the forecast period. Europe was the highest revenue contributor, accounting for $329.6 million in 2020, and is estimated to reach $449.2 million by 2030, with a CAGR of 3.2%.
Growth of market in the coming years 2021–2030
The growth of the stadium seating market can be attributed to the growing interest of people toward sports and games. Rise in popularity of spending the day outside of the home premise and into recreational activities or events fuels the market growth of stadium seating market. Furthermore, increase in the number of stadiums being made/established all around the world also drives the growth for stadium seating market. However, increase in threat of security act as the major restraint for the global stadium seating market growth. On the contrary, development of new seating technology is expected to make way for the growth of market in the coming years.
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The stadium seating market has been segmented based on seat type, application, design, material, and region.
- Based on the seat type the market is segmented into fixed seating, telescopic seating, and bleachers/grandstand.
- Based on application, the market is bifurcated into indoor stadium, and outdoor stadium.
- Based on design, the market is segmented into foldable, and non-foldable.
- Based on material, the market is classified into metallic, wood and plastic. Regionally, the report has been studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the stadium seating industry profiled in the report are :-
- Camatic Seating
- Kotobuki Seating
- SERIES Seating
- Ferco Seating Systems
- The BOX
Key Findings Of Study
- On the basis of seat type, the bleachers/grandstand segment is projected to witness the highest CAGR of 4.9%, in revenue terms, during the forecast period.
- On the basis of application, the outdoor stadium segment is expected to dominate the market from 2021 to 2030.
- The foldable segment is expected to grow at a significant CAGR during the forecast period.
- U.S. was the largest country, in terms of revenue generation for stadium seating in 2020.
- Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 6.0% from 2021 to 2030
Key offering of the Report:
Key driving factors: An in-depth study of the dynamic factors such as drivers, restraints, challenges, and opportunities
Current market trends & forecasts: A comprehensive study of the the Stadium Seating Market along with recent market trends and forecasts during the forecast period to help customers make an informed decision and formulate lucrative business strategies
Segmental Analysis: A study of each segment coupled with driving factors and growth rate analysis of every segment
Geographical analysis: An in-depth analysis of the market across several geographical regions that help market players to leverage fruitful market opportunities
Competitive landscape: A study of prime market players that are currently leading the Stadium Seating Market
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The report includes Porter's Five Forces analysis, SWOT analysis to understand the ability of buyers and suppliers, which enables business investors to devise sound, fruitful business decisions.
The study covers a detailed study of the latest market trends and market size coupled with a forecast of the Stadium Seating Market during the forecast period.
The report offers an analysis of the potential of the market across various geographical regions along with revenue contribution.
The study includes a detailed analysis of the key market players that are active in the market.
Reasons to buy:• Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.• Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.• Classify potential new clients or partners in the target demographic.• Develop tactical initiatives by understanding the focus areas of leading companies.• Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.• Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.• Report will be updated with the latest data and delivered to you within 2-4 working days of order.• Suitable for supporting your internal and external presentations with reliable high quality data and analysis.• Create regional and country strategies on the basis of local data and analysis.
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Tags: Stadium seating market, Stadium seating market share, Stadium seating market size, Stadium seating market trends, Stadium seating market growth, Stadium seating market insights, Stadium seating market 2022
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