Family Entertainment Centers (FECs) Market 2020: Revenue Analysis and Industry Forecast by 2025
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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. Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
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.
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Rise in disposable income, availability of diversified gaming & entertainment options, a 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.
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 the 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+).
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Key questions answered in the Family Entertainment Centers Market research report:
o What is the growth rate of the Family Entertainment Centers Market during the forecast period?
o What will be the global Family Entertainment Centers Market size from 2018 to 2025?
o What are the leading manufacturing companies in the Family Entertainment Centers Market?
o How the major current trends will shape the market in the future?
o What are the driving factors and opportunities in the Family Entertainment Centers Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
o What are the conclusions of the Family Entertainment Centers Market report?
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