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Children Entertainment Centers Market 2020: Global industry Could Hit New Highs, Getting Ready to Deliver Gains

02-10-2020 03:22 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Children Entertainment Centers Market 2020: Global industry

Rise in number of malls, favorable youth demographics, and continuous launch of new entertainment centers supporting family activities, F&B integration, and participatory play drive the growth of the global children entertainment centers market. However, rise in ticket price, and increase in popularity of home and mobile gaming impede the market growth. On the other hand, rise in investments in new games and attractions creates new opportunity in the market.

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Based on visitor's demographics, the teenagers (12-18) segment contributed more than two-fifths of the total share in terms of revenue of the global children entertainment centers market in 2018. This is due to surge in disposable income of parents and the need to spend quality time with their kids. However, the families with children (9-12) segment would grow at the fastest CAGR of 10.9% from 2019 to 2026. This is due to increase in demand for recreational activity areas among parents with children of age group 9 to 12.

Based on activity area, the arcade studios segment held the highest market share of the global children entertainment centers market, accounting for nearly one-third of the total market share in 2018, and will maintain its dominant position during the forecast period. This is due to the compact size of arcade studios and their easy installation especially in individual stores. However, AR and VR gaming zone segment is expected to register the fastest CAGR of 11.7% from 2019 to 2026. This is attributed to increase in adoption of VR headsets among entertainment centers.

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Based on region, North America accounted for the largest share in terms of revenue, contributing to more than one-third of the global children entertainment centers market in 2018, and is expected to maintain its lead status by 2026. This is due to high preferences of consumers towards entertainment facilities in this region. On the other hand, Asia-Pacific is estimated to grow at the fastest CAGR of 10.3% from 2019 to 2026. This is due to rise in integration of entertainment centers in malls in the region.

KEY MARKET PLAYERS:

o Cinergy Entertainment
o Scene 75 Entertainment Centers
o Dave & Buster's
o CEC Entertainment Inc.
o The Walt Disney Company
o Lucky Strike Entertainment
o FunCity.
o KidZania
o LEGOLAND Discovery Center
o Smaaash Entertainment Pvt. Ltd

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KEY QUESTIONS ANSWERED IN CHILDREN ENTERTAINMENT CENTERS MARKET RESEARCH STUDY:

o What is the market growth rate of Children Entertainment Centers Market from 2019-2026?

o What will be the global market size of the market from 2019 to 2026?

o Who are the leading global players in the Children Entertainment Centers Market?

o What are the current trends and predicted trends?

o What are the challenges faced in the Children 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 Which will be the anticipated growth rates for your own Children Entertainment Centers economy altogether and also for every segment inside?

o Which will be the Children Entertainment Centers application and types and forecast accompanied closely by producers?

o What are the conclusions of the Children Entertainment Centers Market report?

David Correa
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About Allied Market Research:

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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