Press release
Family Indoor Entertainment Centers Market Pegged for Robust Expansion During 2017 - 2025
New entertainment technologies implemented in the family entertainment centers such as virtual reality gaming, 3D technology, etc. are trending and consumers prefer modern ways of entertainment over traditional entertainment options. Hence, the availability of extensive options for gaming is driving the growth of family entertainment centers market.
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Rising income among families is the prime factor leading to the increase in the expenditure capabilities on entertainment and leisure activities. Families having children and young age members are spending more on entertainment activities such as bowling, and arcade games due to increasing interest of children in this kind of games. Moreover, the increasing GDP growth rates are helping individuals to improve their spending capabilities in various activities such as entertainment. Also, the constant demand for the diversified gaming and entertainment options for the customers is generating new technology implementation in the gaming such as virtual reality gaming, Augmented reality gaming, etc. These new innovations in the gaming are also responsible for driving the market demand for the family entertainment centers.
Although, very high establishment cost for the family/indoor entertainment centers is the major challenge for the growth of the market. Also, lack of knowledge about the new entertainment technologies in developing countries is also responsible for restraining the growth of the market.
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The global family/indoor entertainment centers market is divided into seven regions, namely Japan and the Middle East and Africa (MEA), North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ). Among these regions, MEA region is going to account for a large share of the market and lead the global market due to the increasing tourism and higher spending capability of the customers belonging to this region. Eastern and Western Europe follows the MEA region in case of the revenue generation. North America and Latin America are expected to show higher growth rate in terms of revenue generation. APEJ and Japan are expected to grow at highest CAGR owing to changing lifestyles and rising disposable income.
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