Sports and Athletic Field Construction in Australia Industry Market Research Report Now Available from IBISWorld
Government assistance was only a temporary fix for this ailing Sports and Athletic Field Construction industry. For these reasons, industry research firm IBISWorld has added a report on the Sports and Athletic Field Construction industry in Australia to its growing industry report collection.
Melbourne, Australia (PRWEB) December 21, 2012
Sports and Athletic Field Construction industry participants are grateful recipients of various government stimulus packages. In 2008-09 when the construction sector threatened to crumble, the government announced various capital grants to keep the core part of the Australian economy strong. The two most significant packages granted eligible schools and local government authorities access to $2.2 billion to fund school and community infrastructure programs. While firms were kept busy with these projects, industry revenue only reflected this initiate in 2010-11 when the bulk of projects were completed. Government assistance was only a temporary fix for this ailing segment of the Construction division. Since that boost, industry revenue has fallen as funds for ground development or refurbishment projects grew scarce. Consequently, over the five years through 2012-13, industry revenue is projected to fall at a compound annual rate of 2.6%. According to IBISWorld industry analyst Ee Jen Lee, “in 2012-13, industry revenue is expected to decline by 2.3% to reach $604.3 million as state and territory governments rein in budgets”.
Increased pressure on existing sporting grounds and facilities because of growing sports participation among Australians has been an impetus for local governments to explore various solutions to reduce the impact of ground overuse. Lee adds, “besides upgrading facilities to allow for multi-use and longer use, local government authorities have sought out partnerships with school authorities and sporting associations.” The Sports and Athletic Field Construction industry is highly fragmented due to there being a large number of operators specialising in the construction of different fields and tracks. There are no major players in the industry, operators tending to focus on providing levelling and field shaping, drainage, artificial turf or general services.
Australia's growing population, coupled with increased sports participation will raise the need for more sporting grounds especially in outer suburbs and regional areas. As population growth over the next five years through 2017-18 is expected to exceed that of the five years through 2012-13, IBISWorld expects more land to be released in surrounding suburbs for development. For this reason, industry revenue is expected to grow over the five years through 2017-18. For more information, visit IBISWorld's Sports and Athletic Field Construction report in Australia industry page.
Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau
IBISWorld industry Report Key Topics
This industry constructs and installs athletic and sports fields (such as for football, baseball, soccer and lacrosse). Companies construct artificial turf for sports fields, install grass fields, install athletic track, construct or install embedded equipment (e.g. goal posts, cages, protective netting and scoreboards), construct and install seating, and install lighting. This industry does not include sports stadium construction.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10259433.htm