PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449394
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449394
The North America metal stadium seating market size is expected to reach USD 290.84 million by 2032, according to a new study by Polaris Market Research. The report "North America Metal Stadium Seating Market Share, Size, Trends, Industry Analysis Report, By Type (Fixed Seating, Telescopic Seating, Bleachers/Grandstands); By Design; By Application; By Material; By Installation Type; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing infrastructure development activities in the United States are positively influencing the growth of the sports sector, contributing to the development of new stadiums and providing significant opportunities for the North American metal seating market. For instance, DOMO Development Company, along with its partners, Indiana Republican Gubernatorial Candidate Eric Doden, introduced its plan to develop riverfront development with $1.5 billion, which includes a soccer stadium, arena, and high-rise.
The significant uptick in disposable income among the population in North American countries, specifically in the United States and Canada, is encouraging governments to establish entertainment platforms with a view to promoting economic activities. The existence of antique sports stadiums is forcing them to adopt renovation activities not to compromise spectators' live sports streaming experience. For instance, in December 2023, the Wisconsin government announced an investment of $500 million to repair and renovate the Milwaukee Brewers baseball stadium.
The rising emphasis on creating an incredible stadium environment by the sports leagues to accompany a larger number of participants to watch live sports is showing growth opportunities for the North American metal stadium seating market. For instance, in December 2023, the Baltimore Ravens, a football team, announced their plan to renovate M&T Bank Stadium with an investment of $430 million to improve fans' experiences.
Moreover, the ongoing transition towards the adoption of environmental stadium designs in North America, specifically in the United States, is unraveling the potential opportunities for the North American metal stadium seating market. Metal is highly recyclable, durable, and has a lower negative impact on the environment, making it a suitable option for stadiums opting for eco-friendly designs. For instance, Mercedes-Benz Stadium was the first to receive LEED Platinum certification in 2017. It adopted Camatic's fold-down steel hardware in the stadium.
Telescopic segment is expected to grow at the fastest pace in the study period, owing to its effective space optimization.
The foldable segment accounted for the largest market share owing to the lower complexity of maintenance for stadium management.
The outdoor stadium segment is likely to witness a larger revenue share during the forecast timeframe, driven by the need for strong and durable seating solutions.
Canada is expected to grow at the fastest rate during the forecast period, attributable to the rising investments in the construction of stadiums.
The players include Centaur Products Inc., Delta Stadium Seating, Hussey Seating Company, Irwin Seating Company, Mobiliario, & Preferred Seating LLC.
Polaris Market Research has segmented the North America metal stadium seating market report based on type, design, application, material, installation type and region: