Impact of Covid 19 Pandemic on Family/Indoor Entertainment Centers Market 2020 Current as well as the Future Challenges and Future Estimation with Development

Allied Market Research recently published a report, titled, “Family Entertainment Centers Market by Visitor Demographics, Facility Size, Revenue Source, Activity Area, and Type: Global Opportunity Analysis and Industry Forecast, 2018 – 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. 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.

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 a primary focus on child play activities

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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+).

Key Market Players in the Report:

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

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Key questions answered in the Family Entertainment Centers Market research report:

1. What is the growth rate of the Family Entertainment Centers Market during the forecast period?
2. What will be the global Family Entertainment Centers Market size from 2018 to 2025?
3. What are the leading manufacturing companies in the Family Entertainment Centers Market?
4. How the major current trends will shape the market in the future?
5. What are the driving factors and opportunities in the Family Entertainment Centers Market?
6. Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
7. Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
8. What are the conclusions of the Family Entertainment Centers Market report?

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