PUBLISHER: The Business Research Company | PRODUCT CODE: 1664283
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664283
Entertainment buildings are structures specifically designed to host various forms of entertainment, including performances, concerts, and movies. These buildings serve as venues for events and often include additional amenities such as restaurants, bars, and merchandise shops, aiming to provide a comprehensive and immersive entertainment experience for visitors. The industry involves the design and construction of such entertainment buildings.
The main types of entertainment buildings are categorized as residential and non-residential. Residential buildings typically provide sleeping quarters for traditional residential uses, with or without kitchen or eating amenities. These buildings may serve various applications, including owned and rental properties, and cater to diverse end-users, including both private and public entities. The construction of entertainment buildings can be further classified into new construction and renovation, depending on whether the structure is newly built or undergoing modifications to meet specific requirements.
The entertainment buildings market research report is one of a series of new reports from The Business Research Company that provides entertainment buildings market statistics, including entertainment buildings industry global market size, regional shares, competitors with an entertainment buildings market share, detailed entertainment buildings market segments, market trends and opportunities, and any further data you may need to thrive in the entertainment buildings industry. This entertainment buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The entertainment buildings market size has grown steadily in recent years. It will grow from $113.75 billion in 2024 to $118.76 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to cultural and arts scene, population and urbanization, tourism and attractions, economic prosperity, changing leisure preferences.
The entertainment buildings market size is expected to see steady growth in the next few years. It will grow to $141.62 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to experiential entertainment trends, sustainability and green design, adaptation to digital platforms, community engagement initiatives, crisis resilience. Major trends in the forecast period include digital ticketing and access control, integration of art and technology, culinary experiences, accessibility and inclusivity, data-driven insights.
The growing tourism industry is anticipated to drive the expansion of the entertainment buildings market in the coming years. The tourism sector encompasses all activities associated with the movement of people away from their usual surroundings for leisure, business, or other purposes. Entertainment buildings play a vital role in enhancing the overall tourism experience, fostering economic development, promoting cultural exchange, and increasing the appeal of destinations for both domestic and international visitors. For example, in May 2023, a report from the United Nations World Tourism Organization, a specialized agency based in Spain, indicated that international tourist arrivals rebounded in the first quarter of 2023, reaching 80% of pre-pandemic levels, with approximately 235 million travelers. This marked a more than twofold increase compared to the same period in 2022. The tourism sector showed remarkable resilience, with revised data for 2022 revealing that over 960 million international tourists traveled abroad that year. This figure represents a recovery of two-thirds (66%) of pre-pandemic levels, highlighting the industry's ability to rebound and regain momentum. Consequently, the expanding tourism industry is driving the growth of the entertainment buildings market.
The rising interest in sports activities is expected to boost the entertainment buildings market in the future. Sports activities encompass physical performances and skills engaged in for competition or social interaction. These activities are pursued for various reasons, including enjoyment, rewards, and health benefits. As sports activities increase, the demand for entertainment buildings will grow, as these facilities provide the necessary infrastructure to support both players and large audiences. For instance, in February 2023, the Sports and Fitness Industry Association, a U.S.-based non-profit organization, reported that 77.6% of Americans, or approximately 236.9 million people, participated in at least one activity during the 2022 calendar year. This marked a 1.9% increase from 2021, reflecting trends observed both before and after the pandemic. Thus, the rising engagement in sports activities is set to drive growth in the entertainment buildings market moving forward.
Increasing engagement in sports activities is poised to be a driving force for the growth of the entertainment buildings market. Such activities encompass various physical pursuits and competitive engagements, providing participants with benefits including personal enjoyment, fitness advantages, and potential accolades. The heightened participation in sports is anticipated to fuel the demand for entertainment buildings, serving as venues to facilitate sports events for both athletes and a larger audience. For instance, as reported by Travel Weekly in September 2022, there was a significant upsurge in the number of individuals traveling for amateur or collegiate sports, escalating from 96 million in the previous year to 175 million in 2021. This notable surge underscores the substantial role of sports engagement in propelling the entertainment buildings market.
Major companies operating within the entertainment buildings sector are strategically leveraging partnerships to drive market revenues. Collaborative connectivity partnerships represent alliances between entities aimed at enhancing and optimizing connectivity-related aspects. For example, in May 2023, Tillman Digital Cities LLC, an infrastructure company based in the United States, forged a strategic partnership with Penn Entertainment Inc. Through this alliance, Tillman Digital Cities intends to deploy its in-building connectivity solutions, aiming to enhance customer experience and bolster connectivity across various locations owned by Penn Entertainment nationwide. The partnership aims to provide patrons with wireless access for cashless transactions, contactless engagements, and sports betting while supporting all cellular operators. Additionally, the alliance ensures connectivity with the national public safety network FirstNet. Penn Entertainment Inc. is a prominent entertainment company operating in the United States.
In April 2022, LeChase Construction Services LLC, a contracting and construction management firm headquartered in the United States, completed the acquisition of Sano-Rubin Construction Services for an undisclosed amount. This strategic acquisition represents a significant move for LeChase, aimed at accelerating the realization of its extensive expansion plans within the region. Integrating Sano-Rubin's capabilities will empower LeChase to diversify its project portfolio across various sectors, including healthcare, education, industrial, multi-family housing, entertainment, and hospitality, fortifying its position within its primary markets. Sano-Rubin Construction Services is a US-based company specializing in constructing entertainment buildings.
Major companies operating in the entertainment buildings market include Larsen & Toubro Limited, Tata Projects Limited, Hindustan Construction Company Limited, Theme Park Build Limited, Play Mart International Limited, Garmendale Engineering Limited, WaterPark Construction Inc., David Theming Works S.L., Forte Specialty Contractors LLC, AECOM Inc., HOK Group Inc., Populous Group LLC, M. Arthur Gensler Jr. & Associates Inc., HKS Inc., NBBJ LLP, Turner Construction Company, Skanska AB, Clark Construction Group LLC, Gilbane Building Company, Hensel Phelps Construction Co.
Asia-Pacific was the largest region in the entertainment buildings market in 2024. The regions covered in the entertainment buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the entertainment buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The entertainment buildings market includes revenues earned by entities by constructing amphitheatre, aquarium, sports arena, art house, and auditoriums. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Entertainment Buildings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on entertainment buildings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for entertainment buildings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The entertainment buildings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.