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Family/Indoor Entertainment Centers Global Market Anticipated to Attain $55.49 Billion By 2028, at 14.3% CAGR | KidZania, Amoeba Services, Timezone Global, Sky Zone, Safari Nation
Family/Indoor Entertainment Centers Market
As per the report, the family/indoor entertainment centers market size has grown rapidly in recent years. It will grow from $28.32 billion in 2023 to $32.55 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The family/indoor entertainment centers market size is expected to see rapid growth in the next few years. It will grow to $55.49 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
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Youth's Increasing Preference For Mobile Gaming Drives Growth In The Family Or Indoor Entertainment Centers Market
The growing inclination of the young population towards mobile gaming is expected to propel the growth of the family or indoor entertainment centers market. Mobile gaming refers to the games that are played on a portable device with easy access. Family indoor entertainment centers offer mobile games with the best options for the younger people, as a result, the growing inclination toward mobile gaming increases the demand for family or indoor entertainment centers market. For instance, in March 2021, according to The Journal of Pediatrics, a US-based journal report, children and youth are spending most of their time playing mobile games that is of an average of 20 hours per week and approximately 50% of the global gaming is of mobile gaming. Therefore, the growing inclination of the young population towards mobile gaming is expected to boost demand for the growth of the family or indoor entertainment centers during the forecast period.
Major companies operating in the family or indoor entertainment centers (FEC) market are developing innovative products, such as family entertainment centers (FEC), to meet larger customer bases, increase sales, and increase revenue. A family entertainment center (FEC) is an indoor or outdoor facility designed to provide a wide range of recreational activities and entertainment for families and individuals of various age groups. For instance, in September 2023, Spectrum Metro, an India-based commercial project, launched the Family Entertainment Center, covering an area of 71,000 sq. ft. The distinctive feature of Spectrum Metro lies in its groundbreaking addition as a hub for family entertainment and recreational activities, seamlessly combining an amusement park, fitness options, and sports experiences. This Family Entertainment Center stands out for its exceptional fusion of entertainment and physical activities, positioning it as an unparalleled destination for various events, including birthday parties, school outings, and corporate gatherings.
The family/indoor entertainment centers market covered in this report is segmented -
1) By Activity area: Arcade Studios, AR and VR Gaming Zones, Physical Play Activities, Skill/Competition Games, Other Activity Areas
2) By Facility Size: Up to 5,000 sq ft, 5,001 to 10,000 sq ft, 10,001 to 20,000 sq ft, 20,001 to 40,000 sq ft, 1 to 10 Acres, 10 to 30 Acres, Over 30 Acres
3) By Revenue Source: Entry Fees and Ticket Sales, Food and Beverages, Merchandising, Advertisement, Other Sources
4) By Visitor: Families with Children (0-8), Families with Children (9-12), Teenagers (13-19), Young adults (20-25), Adults (Ages 25+)
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Major companies operating in the family/indoor entertainment centers market report are The Walt Disney Company, Bandai Namco Entertainment, Merlin Entertainments, Dave & Buster's Inc., Bowlmor AMF Corporation, Main Event Entertainment, KidZania, Amoeba Services, Scene75 Entertainment Centers, Gatti's Pizza Corporation, Round1 Entertainment, Cinergy Entertainment Group, Sky Zone, Fun Spot America Theme Parks, Tenpin, Timezone Global, Andretti Indoor Karting & Games, iPlay America, Billy Beez, Legoland Discovery Center, Lucky Strike Entertainment, Nickelodeon Universe, Fun City, Funriders Leisure & Amusement, Toy Town, Apex Entertainment, Urban Air Adventure Park, Smaash Entertainment Pvt. Ltd., Safari Nation, CEC Entertainment Inc.
Contents of the report:
1. Executive Summary
2. Family/Indoor Entertainment Centers Market Report Structure
3. Family/Indoor Entertainment Centers Market Trends And Strategies
4. Family/Indoor Entertainment Centers Market - Macro Economic Scenario
5. Family/Indoor Entertainment Centers Market Size And Growth
…..
27. Family/Indoor Entertainment Centers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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