Press release
Stadium Seating Market Growth Surpassing $1.75 Billion Market Value by 2028, Fueled by a 4.1% of CAGR | Key Players: Avant Sports Industrial Co. Ltd., Camatic Seating GmbH, RECARO Automotive GmbH, Kotobuki Seating International Inc., SERIES Seating LLC
Stadium Seating Market Report
The Business Research Company offers in-depth market insights through Stadium Seating Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The stadium seating market size has grown steadily in recent years. It will grow from $1.43 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to sports events and entertainment demand, infrastructure development, fan experience enhancement, safety and regulations, corporate sponsorship and luxury seating.
The stadium seating market size is expected to see steady growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to sustainabilit, flexible seating solutions, virtual and augmented reality integration, health and safety concerns, globalization of sports and events, enhanced fan engagement platforms. Major trends in the forecast period include smart seating technology, sustainable and eco-friendly materials, customization and personalization, safety and health measures, innovations in design and ergonomics, data analytics for fan engagement.
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Market Segmentation:
The stadium seating market covered in this report is segmented -
1) By Type: Fixed Seating, Telescopic Seating, Bleachers Or Grandstands
2) By Material: Metal, Wood, Plastic
3) By Design: Foldable, Non-Foldable
4) By Application: Indoor Stadium, Outdoor Stadium
Major Driver - Rising Demand For Various Sports Activities Around The Globe Drives The Market
The rising demand for various sports activities around the globe is driving the stadium seating market going forward. Sports refers to a human activity that focuses primarily on physical effort and ability, with aspects of competition or social interaction. Stadium seating benefits from increased demand for various sports events as a result of better view experience and comfort while watching sports live rather than at home. For instance, according to the US Bureau of Labor Statistics, a US-based unit of the Department of Labor, on an average day in 2021, people aged 15 and older spent 5.3 hours per day in sports activities and leisure, such as watching TV, socializing, or exercising. Men spent more time in leisure and sports activities (5.6 hours) than women (4.9 hours). Therefore, the rising demand for various sports activities across the globe is driving the stadium seating market.
Competitive Landscape:
Major companies operating in the stadium seating market report are Avant Sports Industrial Co. Ltd., Camatic Seating GmbH, RECARO Automotive GmbH, Kotobuki Seating International Inc., SERIES Seating LLC, Mobiliario Figueras S.A., Figueras Seating S.A., Ferco Seating Ltd., Daplast S.L., The Box Seat International Ltd., Irwin Seating Company, Shenzhen Yourease Sports Equipment Co. Ltd., Hussey Seating Company, Preferred Seating LLC, Stadium Seating Enterprises Inc., Prestige Multi System Inc., Interkal LLC, Interstuhl Büromöbel GmbH & Co. KG, Kian Contract Sdn Bhd, Kusch+Co GmbH & Co. KG, Lammhults Design Group AB, Martin Stoll Group AG, MityLite Inc., Nurus A.S., OMK Design Ltd., Poltrona Frau Group S.p.A., Quinette Gallay Ltd., Sandler Seating Ltd., Sedia Systems SpA, Starena Group .
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Top Trend - Strategic Partnerships To Leverage Resources
Strategic partnerships are a key trend gaining popularity in the stadium seating market. Major companies operating in the stadium seating market are entering into partnerships to strengthen their position in the market. For instance, in May 2021, the National Federation of State High School Associations (NFHS), a US-based entity that writes the rules of competition for most high school sports and activities, partnered with Hussey Seating, a US-based company that operates in stadium seating. Through this partnership, Hussey Seating provides high-quality seating solutions with outstanding lifetime value. Additionally, in March 2021, RECARO Automotive, a US-based automotive performance seating brand that also operates stadium seating, partnered with Williams Esports, a UK-based motor racing company. Through this partnership, Williams ESports and the team's best esports players work together to ensure that they can perform at their best even when seated for long periods.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Stadium Seating Market Characteristics
3. Stadium Seating Market Trends And Strategies
4. Stadium Seating Market - Macro Economic Scenario
5. Stadium Seating Market Size And Growth
…..
27. Stadium Seating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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