Chan Ye Xin Xi Wang·2025-11-16 01:07Core Insights - The sports venue facilities industry in China is experiencing significant growth, driven by economic development and increasing public interest in fitness activities [1][4] - In 2024, the total output of sports venue facilities in China is projected to reach 106.8 billion yuan, with an industry added value of 27.3 billion yuan [1][4] - The total number of sports venues in China is expected to reach 4.8417 million by the end of 2024, with a total area of 4.23 billion square meters, resulting in a per capita area of 3 square meters [3] Industry Definition and Practice Path - Sports venue facilities are defined as spaces equipped with fixed facilities and equipment for sports competitions, fitness, teaching, and training, including both public and private venues [2] - The development of sports venues is a key indicator of a country's economic and social progress, serving as a foundation for promoting mass sports and enhancing competitive sports levels [2] Industry Development Status - The sports venue facilities production industry in China is in a critical growth phase, contributing to high-quality economic growth [2] - The sports industry in China is projected to achieve a total output of 4.0322 trillion yuan and an added value of 1.6478 trillion yuan in 2024 [2] Industry Chain - The upstream of the sports venue facilities industry includes basic materials such as steel, concrete, and specialized materials like artificial turf and sports equipment [4] - The midstream involves the construction of sports venue facilities, while the downstream focuses on venue operation services, including sports events and fitness training [4] Development Environment and Policies - The significant improvement in the quantity and quality of sports venue facilities is attributed to strong support and policy guidance from the National Sports Administration [4] - Key policies include initiatives to enhance school sports and improve public fitness facilities from 2023 to 2025 [4] Competitive Landscape - The market for sports venue facilities in China is characterized by diversification and concentration, with major state-owned construction firms and capable private enterprises dominating the landscape [5] - Key players include China State Construction, China Railway, and China Communications Construction, among others [5] Management and Utilization - The management and operation models for sports venue facilities are becoming increasingly diversified, involving government, enterprises, and social organizations [7] - There is a need for innovative management models to improve efficiency and service quality, supported by national policies [8] - Future strategies should focus on optimizing resource allocation and enhancing service quality to meet the growing public demand for fitness [8]