PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358978
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358978
According to Stratistics MRC, the Global Stadium Seating Market is accounted for $1.85 billion in 2023 and is expected to reach $2.86 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A type of seating configuration that guarantees the most effective viewing experience is stadium seating. It occurs in a range of sizes, colors, and shapes. Additionally, the stadium seating includes intricate architecture that enables the chairs to retract or fold, making it simple to clean or accommodate spectators. All seats in the majority of stadium seating are elevated above the seats directly in front of them so that people in seats further back have less of their views obstructed by those in front of them.
The need for stadiums and arenas has increased as a result of the rising popularity of sporting events, concerts, and other live entertainment performances. As a result, stadium seating is increasingly in demand to accommodate more people. Additionally, technology developments have sparked the creation of creative seating options that provide better comfort and functionality. Demand for technologically advanced stadium seating is being driven by features like built-in cup holders, charging connections, and customizable seating options.
Particularly for large stadiums and arenas, upgrading or building stadium seats can be expensive upfront. The expenses comprise the price of the seating units, installation, and any remodeling required to make room for the new seating configurations. Owners of stadiums may be constrained by the high initial expenses, especially those who operate smaller facilities or have lower budgets.
The need to accommodate larger audiences and stage important athletic events is driving an increase in the building of new stadiums and arenas around the world. Due to the need for seating solutions for the entire building, these new development projects present potential for the stadium seating market. Additionally, as disposable income levels rise, consumers have more money to spend on entertainment activities like sporting events. Because of this, there is a growing demand for stadium seating that is both comfortable and of the highest quality.
To protect spectator safety and accessibility, stadium seating must adhere to an array of rules. The design and production processes might become more complex as a result of these rules, which can differ between different regions and jurisdictions and increase costs. For chair manufacturers, complying with strict regulatory requirements can be difficult and may limit their ability to enter certain markets.
Many nations imposed limits on public gatherings, including sporting events and concerts, to stop the virus' spread. Due to this, stadium capacity was limited, and social exclusion strategies had to be used. Because of this, stadiums had to change how people were seated, either by placing empty seats between people or by using other seating arrangements that maintained physical distance. Owners of the stadium and event planners were immediately impacted by the decreased seating capacity in terms of ticket sales and revenue.
Telescopic Seating segment commanded the largest share over the forecast period. In stadiums and arenas, telescopic seating systems are very effective at making the most of the existing area. When not in use, they may be quickly retracted and stored, opening up more floor space for other activities or events. This adaptability is especially useful in multipurpose spaces that accommodate a range of events, such as sporting events, concerts, trade shows, and more.
Foldable segment is estimated to witness lucrative growth over the projection period. The space flexibility that foldable seats offer has enhanced market demand. When not in use, the foldable chairs can be folded, taking up a smaller space inside the venue. Folding seating arrangements are quite portable and easy to move around and store. Additionally, they are practical for venues that need temporary seating arrangements or for events that take place in various locations because they are lightweight and small. When not in use, foldable seats can be stacked or folded to take up the least amount of storage space.
Asia Pacific is anticipated to hold the largest share during the projection period due to an increase in consumer interest in sports and games. The market for stadium seating is expanding in the area due to the rising popularity of spending the day at leisure activities or events away from home. Additionally, the expansion of the stadium seating market in the region is also fueled by the increase in stadium building and establishment worldwide.
North America is expected to hold the largest share over the forecast period. The existence of nations with strong sports cultures, such as the United States, Canada, and Mexico, contributes to the increased demand for various sports events and activities. Additionally, the region is experiencing a rise in the popularity of sports like cricket, which has prompted the building of stadiums for the sport and accelerated regional expansion. Football, basketball, handball, and tennis are among the sports that are extremely popular with the locals. The demand for the products in the area is anticipated to rise as a result.
Some of the key players in Stadium Seating Market include: Avant Seating , Camatic Seating, Daplast, Delta Stadium Seating, Ferco Seating Systems, Hussey Seating Company, Irwin Seating Company, KOTOBUKI SEATING CO., LTD, Mobiliario, Preferred Seating LLC, Prestige Multi System, SERIES Seating LLC, Shenzhen Yourease Sports Equipment Co., and Stadium Seating Enterprises.
In November 2022, Infor has announced that Camatic Seating, a supplier and manufacturer of ergonomic seating solutions for stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world is using Infor's integrated artificial intelligence (AI) solution to help improve customer satisfaction, increase revenues and optimise the vendor selection process.