Family Entertainment Centers Market is Expected to Raise at a significant CAGR of 9.1% during the forecast period, 2022-2029 | Size, Share & Forecast

Analysts at GMI Research estimates that The Family Entertainment Centers is Expected to Raise at a significant CAGR of 9.1% over the forecast period, till 2029.

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The factors driving the growth of Family Entertainment Centers includes increase in the construction of malls and shopping centers around the world, growing popularity of sports and adventure games, rise in the launch of innovative products and improvements in the living standards. According to the report published by Statista, the revenue generated from the Adventure Games Market globally is expected to reach USD 17.21 billion by the end of 2022, growing at a CAGR of 10.50% over the forecast period (2022-2026), which will accelerate the Global Family Entertainment Centers Market in the approaching years. Moreover, increasing adoption of advanced technologies such as 3D printing, Augmented Reality (AR), Artificial Intelligence (AI) and Virtual Reality (VR), growing focus by manufacturers on improvising gaming experience and rapid urbanization, are some of the additional factors supplementing the Family Entertainment Centers Market size. In addition, the increasing investments by major companies on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Family Entertainment Centers is hindered due to rising ticket prices and growing popularity of mobile gaming.

The prominent players operating in the market are Disney, Scene75 Entertainment Centers, Funcity, CEC Entertainment, Inc., Dave & Buster's, KidZania, Lucky Strike Entertainment, LEGOLAND Discovery Center, Smaaash and Cinergy Entertainment Group, among others.

Based on Type, the Arcade Studios segment is predicted to expand at a significant CAGR during the forecast period

Growing adoption of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR), is propelling growth of the segment.

Based on Revenue Source, the Food & Beverages segment is projected to grow at a robust CAGR over the forecast period

Increasing availability of wide range of food and beverages at shopping centers and rise in consumers purchasing power, are pushing segment's growth.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Disney, Scene75 Entertainment Centers, and Dave & Buster's, increase in consumers spending on sports and adventure games, rapid industrialization, rising adoption of advanced technologies by major companies and growing population growth rates, are further contributing towards the market growth. 

Key Developments

In 2019, CEC Entertainment, Inc. merged with Leo Holdings, a publicly traded special purpose acquisition entity, this merger is aimed to enhance company's total guest experience and pursue opportunities in the next stage of the company's evolution.
In 2020, Cinergy Entertainment Group acquired new locations in Texas. The company planned to open formerly Driftwood Theatres and most recently Showbiz Cinemas in Marble Falls and Granbury soon and expand in Texas.

Market Segmentation

Segmentation by Type

Arcade Studios
AR & VR Gaming Zones
Sports Arcades
Others

Segmentation by Facility Size

Up to 5,000 sq. ft.
5,001-10,000 sq. ft.
10,001-20,000 sq. ft.
20,001-40,000 sq. ft.
More Than 40,000 sq. ft.

Segmentation by Visitor Demographics

Families with Children (0-8)
Families with Children (9-12)
Teenagers (13-19)
Young Adults (20-25)
Adults (Age 25+)

Segmentation by Revenue Source

Entry Fees & Ticket Sales
Advertising
Food & Beverages
Merchandising

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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