888-776-0942 from 8 AM - 10 PM ET
Rise in the number of stadiums and increase in interest of people toward sports and games drive the growth of the global stadium seating market
PORTLAND, Ore. , May 10, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Stadium Seating Market by Seat Type (Fixed Seating, Telescopic Seating, and Bleachers/Grandstand), Application (Indoor Stadium, And Outdoor Stadium), Design (Foldable, And Non-Foldable) and Material (Metallic, Wood and Plastic): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global stadium seatingindustry generated $1.03 billion in 2020, and is anticipated to generate $1.57 billion by 2030, witnessing a CAGR of 4.4% from 2021 to 2030.
Increase in interest of people toward sports and games, growing popularity of spending the day into recreational activities or events, and rise in the number of stadiumsdrives the growth of the global stadium seating market. However, volatile raw material priceshinder the market growth. On the other hand, breakthroughs in stadium seating technology present new opportunities in the coming years.
Request Sample Report @https://www.alliedmarketresearch.com/request-sample/16399
The foldablesegment to maintain its leadership status throughout the forecast period
Based on design, the foldable segment held the highest market share in 2020, accounting for more than two-thirds of the global stadium seatingmarket, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 4.7% from 2021 to 2030. When it comes to accommodation and area management, it is far more flexible than other types, which drives the growth of this segment. The report also discusses non-foldable segment.
The plasticsegment to maintain its lead position during the forecast period
Based on material, the plastic segment accounted for the largest share in 2020, contributing to nearly half of the global stadium seating market, and is projected to maintain its lead position during the forecast period. The use of recycled plastic materials in stadium plastic seats is expanding, which is driving the segment. However, the metallic segment is expected to portray the largest CAGR of 5.0% from 2021 to 2030. The growing inclination for replacing plastic with on-trend and sturdier seating options boosts the segment growth.
Europe , followed by North America , to maintain its dominance by 2030
Based on region, Europe , followed by North America , held the highest market share in terms of revenue 2020, accounting for nearly one-third of the global stadium seating market. Numerous prominent players in the market have relied on product innovation and technological advancements to gain a significant share in this regional market.However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.0% during the forecast period, due to increase in purchasing power of consumers and rise in the middle-class population.
For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/16399
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong : +852-301-84916 India (Pune ): +91-20-66346060 Fax: +1-855-550-5975 [email protected] Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn | Twitter
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET