|04-11-2019 03:03 PM CET - Leisure, Entertainment, Miscellaneous||
Family Entertainment Centers/Indoor Amusement Park Market: A $40.81 Billion Industry by 2025
Press release from: Allied Market Research
Rise in disposable income, availability of diversified gaming & entertainment options, surge in preference for indoor entertainment are the major drivers of the global family/indoor entertainment centers market. However, availability of home gaming and mobile devices, high initial cost, and surge in ticket prices hamper the market growth. On the contrary, favorable youth demographics in the Asia-Pacific region is expected to create lucrative opportunities in the near future.
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Family Entertainment Centers Market Segmentation Analysis:
Based on visitor demographics, the families with children (9-12) segment is poised to grow at the fastest rate, registering a CAGR of 13.1%, on account of the fact that more than 60% of visitors are school-aged kids within this age range who are relatively strong and well-coordinated. However, the teenagers (13-19) segment is expected to continue its dominance throughout 2025, owing to the growing popularity of arcade games and amusement parks among teenagers. Based on activity area, the AR & VR gaming zones is expected to grow at the fastest CAGR of 14.1%, due to the increased demand for family entertainment centers offering advanced entertainment experiences.
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Families with children (9-12) segment to manifest the fastest growth by 2025
The families with children (9-12) segment is estimated to manifest the fastest CAGR of 13.1% during the forecast period as more than 60% of visitors to family/indoor entertainment centers are school-aged. However, the teenagers (13-19) segment held the largest market share in 2017, contributing about 45% of the total market share, owing to rise in popularity of arcade games and thrill of amusement parks among teenagers. The report includes analysis of other segments such as families with children (0-8), young adults (20-25), and adults (Ages 25+).
1 to 10 acres segment dominates the market:
The 1 to 10 acres segment dominated the market in terms of revenue, contributing nearly one-third of the total market, owing to the presence of a large number of FEC's whose size ranges between the 1 to 10 acres. However, the 10001 to 20000 sq. ft segment is expected to portray the fastest CAGR of 15.2% during the forecast period, owing to rise in number of local audience and increase in number of key players that are developing FECs. The report also includes analysis of other segments such as up to 5000 sq. ft, 5001 to 10000 sq. ft, 20001 to 40000 sq. ft, 11 to 30 acres, and over 30 acres.
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Major market players:
The report includes the study of the key market players in the industry, such as Dave & Buster's, Cinergy Entertainment, Scene 75 Entertainment Centers, Lucky Strike Entertainment, Smaaash Entertainment Pvt. Ltd., CEC Entertainment, Inc., KidZania, The Walt Disney Company, FunCity, and LEGOLAND Discovery Center.
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 domain.
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.
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