Asia-Pacific Stadium Seating Market Growth Prospects 2024-2032

Asia-Pacific Stadium Seating Market Growth Prospects 2024-2032

As per Triton’s research report, the stadium seating market in the Asia-Pacific is estimated to expand in terms of revenue at a CAGR of 2.51% during the forecast period 2024-2032.

The Asia-Pacific region is home to some of the world’s largest stadiums and has more than 220 stadiums in Asian countries. The stadium seating market is seeing remarkable growth driven by substantial government investments in the sports industry and stadium infrastructure, particularly in densely populated countries like China and India. Recently, ‘TheStadiumBusiness 2024’ announced its event summit to be held in Hong Kong from October 16th to 18th, 2024, which aims to bring together owners and operators of stadiums, arenas, and entertainment venues from across Asia. Such initiatives are enhancing existing facilities and also driving the demand for adaptable seating solutions to accommodate the region’s rising sports culture and large fan base.

The countries analyzed in this region include China, Australia & New Zealand, ASEAN Countries, Japan, South Korea, India, Rest of Asia-Pacific.

China leads with a major market share, recording nearly $159.16 million in 2023.

• As per the 2023 Shanghai Sports Event Influence Assessment Report, the 118 major sports events held in Shanghai last year led to a direct economic impact of nearly 5 billion yuan and created 32,268 job opportunities.
• Similarly, the Qingdao Youth Football Stadium, inaugurated in 2023 with a capacity of 53,317 fans, exemplifies Qingdao’s infrastructural progress amidst rising sports events.
• These developments are driven by strong government support with an intention to promote sports and enhance public health along with national pride, resulting in significant stadium infrastructure investments in modernizing venues.
• Consequently, the rising sports culture also reflects a robust demand for stadium seating arrangments, driving the need for more adaptable seating solutions to accommodate a growing fan base, which indicates promising growth for the stadium seating market in China.

Stadium Seating Market Forecast for Japan & India

Japan spent $1.4 billion for the reconstruction of its National Stadium, after which it became the world’s most expensive Olympic stadium, where the 2020 Summer Olympics and Paralympics were hosted. Recently, another redevelopment project was announced at the Tsukiji Market in Tokyo, where a next-generation stadium will feature adaptable and flexible seating arrangements that can accommodate people ranging from 20,000 to 57,000 and can be altered as per specific event requirements.

The Narendra Modi Stadium in India, the world’s largest cricket stadium with a 132,000-seat capacity, reflects the country’s commitment to world-class sports facilities. Driven by government initiatives, private investments, and the flourishing sports industry, India’s stadiums, including major venues like the Rajiv Gandhi International Cricket Stadium and Eden Gardens, are being upgraded to meet global standards. In order to accommodate diverse sports events, these developments reflect growing stadium infrastructure investment, which drives demand for adaptable seating solutions, leading to a widening market scope in Asian Countries.

The stadium seating market is segmented by design, material, type, seating capacity, and application. Based on design, it is further classified into foldable and non-foldable. Foldable seating is increasingly preferred in modern stadiums for its space-saving and safety benefits. These seats automatically fold when unoccupied, creating more space and safer passageways for smooth crowd movement. Their self-closing design, which requires no external force, enhances user convenience and is expected to drive high demand in the coming years.

Contender Analysis in the Stadium Seating Market:

Avant Seating Company specializes in a wide range of seating solutions, including fixed seating, telescopic and retractable seating, and bleachers. The company collaborates with top sports facility brands to provide high-quality products for major stadiums and venues globally. Equipped with advanced manufacturing technology, Avant has supplied seating for notable international events such as the Beijing Olympics and the Rio Summer Olympics. It is headquartered in China.

Some of its products include the Hilo Series, Diamond Series, Koolin Series, Calin Series, and Cook Series. These product ranges include retractable seating systems and outdoor seats, deluxe chairs, etc.

Other key contenders in the market include Daplast, Delta Stadium Seating, Shenzhen Yourease Sports Equipment Co Ltd, Stadium Seating Enterprises, and Ferco Seating Systems.

ASIA-PACIFIC STADIUM SEATING MARKET 2024-2032.pdf