One of the strongest indicators of the rude health of the arena market is the array of new competitors determined to muscle in on the action. Dozens of venues across the world have cropped up over the past decade, with others being transformed to keep up with the new standards of excellence.

The UK is at the forefront of that charge. Liverpool, Leeds and Glasgow have all benefited from new state-of-the-art indoor facilities since The O2 opened in London in ...