UK Family/Indoor Entertainment Centers Market size is projected to reach $1,755.06 million by 2027, growing at a CAGR of 12.8% from 2020 to 2027

According to a recent report published by Report Ocean, titled, “UK Family/Indoor Entertainment Centers Market by Visitor Demographic, Facility Size, Revenue Source, Application, and Type: Opportunity Analysis and Industry Forecast, 2020-2027,” The UK family/indoor entertainment centers market size was valued at $715.14 million in 2019, and is projected to reach $1,755.06 million by 2027, growing at a CAGR of 12.8% from 2020 to 2027.

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Increase in per capita disposable income, availability of diversified gaming & entertainment options, rise in preference for indoor entertainment, and presence of young target population in the UK region majorly supplement the UK family/indoor entertainment centers market growth. However, upsurge in penetration of home gaming & mobile devices, high initial cost of FECs, and increase in ticket prices are expected to hamper the market growth.

Based on visitor demographic, the teenagers (13-19) segment dominates the UK family/indoor entertainment centers market share and is expected to maintain its dominance during the forecast period owing to the presence of large youth demographic in the region and growing spending on entertainment activities by this age group. However, families with children (9-12) segment is expected to witness highest growth rate in the upcoming years owing to growing preference of parents towards fun learning and adventure-focused games provided by FECs, which majorly drives the market growth.

On the basis of revenue source, the entry fees & ticket sales segment led the UK family/indoor entertainment centers market in 2019, and is expected to continue to remain dominant in the near future owing to number of lucrative offers provided by majority of family entertainment centers on booking tickets are attracting many families, which fuel the market growth. Moreover, the entry fees & ticket sales segment is anticipated to garner significant share, owing to increase in retail traffic of teenage customers in the UK region. However, the food & beverages segment is expected to witness the highest growth rate, as people have started preferring these centers for hosting corporate events and birthday parties, which significantly contribute toward the growth of the FEC market in the UK region.

Covid-19 Impact Analysis On FEC Market In Uk
Post COVID-19, the size of the family entertainment centers market in UK is estimated to witness growth from $756.48 million in 2020 to reach $1,755.06 million by 2027, at a CAGR of 12.8%. The current estimation of 2027 is projected to be lower than pre-COVID-19 estimates. The market is expected to recover from mid-2021 and will be struggling with a growth rate of 12.8% from 2020 to 2027; however, it is expected to recover in the upcoming years, owing to government initiatives in the form of repayment waivers, debt relief, rent waivers, utility rebates and others and several strategies adopted by the key players operating in the UK family/indoor entertainment centers market.

Governing bodies across the UK are taking initiatives to stop the spread of virus by initiating various policies due to which public places such as theme parks, amusement parks and family/indoor entertainment centers are completely shutdown, which has impacted negatively on the market growth of the leisure entertainment attractions industry in the UK. Also, various tourism destinations across the UK have implemented restrictions since February 2020. Almost 90–92% of tourism destinations are following a complete ban on international tourists, which also contribute to the sudden downfall of market.

Key Findings Of The Study

By visitor demographic, in 2019, the teenagers (13-19) segment dominated the UK family entertainment centers market size. However, the families with children (9-12) segment are expected to exhibit significant growth during the forecast period.
Depending on facility size, the 1 to 10 acres segment accounted for the highest revenue of UK Family/Indoor Entertainment Centers Market in 2019.
According to revenue source, the entry fees & ticket sales generated the highest revenue in 2019. However, the food & beverages segment is expected to witness highest growth rate in the near future.
On the basis of application, the arcade studios dominated the UK indoor entertainment centers market. However, the AR & VR gaming zones are expected to exhibit significant growth during the forecast period.
As per type, the children entertainment centers (CECs) segment accounted for the highest revenue in 2019.
Some of the key UK family/indoor entertainment centers industry players profiled in the report include Richardson's Family Entertainment Centre, Fun Farm Lincoln Family Entertainment Centre, The Walt Disney Company, Kidzania, Legoland, Tenpin, Time Twisters, Genesis Centre, Hunstanton Pier, and Superbowl UK. This study includes UK family/indoor entertainment centers market trends, UK family/indoor entertainment centers market analysis, and future estimations to determine the imminent investment pockets.

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