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Family Entertainment Centers Market Worth $40.81 Bn by 2025 at 10.2% CAGR: Key Players Dave & Busters, CEC Entertainment, Inc., Cinergy Entertainment, KidZania, Scene 75 Entertainment Centers, The Walt Disney Company, Lucky Strike Entertainment, FunCity

06-14-2019 04:48 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

Family Entertainment Centers Market Worth $40.81 Bn by 2025

According to the report, the global family entertainment centers market was valued at $18.91 billion in 2017 and is projected to reach $40.81 billion by 2025, registering a CAGR of 10.2% during the forecast period.

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Prominent Growth Drivers and Trends

The growth of the global family entertainment centers market is driven by increased per capita disposable income, the rise in preference for indoor entertainment, and the availability of diversified gaming and entertainment options. However, the advent of home gaming and mobile devices and high installation cost & surge in ticket prices for such centers impede market growth.

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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Based on type, the location-based entertainment centers (LBECs) segment is expected to encounter the highest growth rate of 14.0% CAGR, as they are rapidly integrating VR systems to cater to the growing demand of curious consumers and VR aficionados. However, children's entertainment centers (CECs) would remain the dominant segment during the forecast period, accounting for more than one-third of the global market by 2025, as they facilitate child/parent interaction with primary focus on child play activities. By region, North America generated more than a third of the global revenue in 2017 and is expected to continue its dominance through 2025. Meanwhile, Asia-Pacific is anticipated to grow at the fastest CAGR of 12.5% during the forecast period.

Major Market Players

The key players analyzed in the report include Dave & Busters, CEC Entertainment, Inc., Cinergy Entertainment, KidZania, Scene 75 Entertainment Centers, The Walt Disney Company, Lucky Strike Entertainment, FunCity, Smaaash Entertainment Pvt. Ltd., and LEGOLAND Discovery Center.

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About Us:

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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