Family/Indoor Entertainment Center Market
The number of options for gaming is driving the growth of the family entertainment center market, especially in the North American region over the forecast period.
PORTLAND, PORTLAND, OR, UNITED STATES, Oct. 25, 2022 /EINPresswire.com/ – According to the report, the global family/indoor entertainment center industry generated $25.14 billion in 2020, and is expected to reach $69.55 billion by 2030. CAGR of 10.9% from 2021 to 2030.
The key factor driving the growth of the family/indoor entertainment center market includes favorable youth demographics and the continuous launch of new FECs that support family activities, F&B integration, and participatory play that contribute to the growth of the global family/indoor entertainment center market. In addition, increasing the number of malls has a positive impact on market growth.
Download Sample Report (Get Full Insight in PDF – 302 Pages) at: https://www.alliedmarketresearch.com/request-sample/5142
However, the increase in ticket prices and the rise in popularity of home and mobile gaming hinders the growth of the market. On the contrary, the boom in investments in games and new items is expected to provide rewarding opportunities to expand the market during the forecast period.
Depending on the size of the facility, the 1 to 10 acre segment has the largest market share in the family/indoor entertainment center segment due to the large number of FECs. FECs of such huge sizes are usually seen as theme parks or amusement parks. However, 10,001 to 20,000 square feet segment is expected to grow at the highest rate during the forecast period, due to rise in the number of indoor family entertainment centers integrated with arcades, restaurants and music.
Regionally, North America dominated the home / indoor entertainment center market in 2020, and is expected to maintain its position during the forecast period, owing to the large-scale integration of new technologies such as 3D technology and virtual reality gaming, which are trending, and consumers prefer modern entertainment channels to traditional entertainment options. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the steadily growing middle class population and increase in disposable income.
LIMITED-TIME OFFER – Buy Now & Get an Exclusive Discount on this Report
The family/indoor entertainment center industry has grown significantly in recent years; However, due to the outbreak of the COVID-19 pandemic, the market is expected to experience a sudden decline in 2020. This has been attributed to global fear of the virus and unprecedented travel restrictions, which have reduced the demand for travel services a lot. The family/indoor entertainment center industry is expected to thrive in the coming years following the recovery from the COVID-19 pandemic.
Various tourist destinations across the Middle East, Asia-Pacific, Europe, and the US have implemented restrictions since January 2020. Following the outbreak of the COVID-19 virus in December 2019, the disease has spread to almost 180+ countries around the globe. and the World Health Organization declaring it a public health emergency. The global pandemic has already begun to adversely affect the size of the family/indoor entertainment center market.
Due to lockdown, countries around the world have implemented travel bans, which has resulted in more people claiming holidays and canceled family trips. This has resulted in a negative impact on the growth of family/indoor entertainment venues.
Access the full summary at: https://www.alliedmarketresearch.com/family-entertainment-centers-market
Key players profiled in the family/indoor entertainment center market analysis are Cinergy Entertainment Group, CEC Entertainment, Inc., Dave & Buster’s, Inc., Disney, Fun City, Funriders, KidZania, Lucky Strike Entertainment, Scene75 Entertainment Centres, and SMAAASH . These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Findings of the Study:
• By facility size, the 1 to 10 acre segment accounted for the largest market share for family/indoor entertainment centers in 2020.
• In terms of region, North America generated the highest revenue in 2020.
• Based on visitor demographics, teenagers (13-19) generated the highest revenue in 2020.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5142
Thank you for reading this article; you can find individual chapter-wise articles or region-wise report versions such as North America, Europe or Asia.
If you have any special requirements, please let us know and we will provide you with the report according to your requirements.
Finally, this report provides market information in the most comprehensive manner. The structure of the report has been maintained in such a way that it provides maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players and those willing to enter the market.
1. The Children’s Entertainment Center Market
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as small and medium-sized businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted approach to providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
AMR launched its online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers and students in universities. With reports on more than 60,000 niche markets with data consisting of 600,000 pages together with company profiles on more than 12,000 firms, Avenue offers access to the entire information store through subscriptions. Relentless resolution of client needs is complemented by analytical support and customized applications.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow us on: LinkedIn Twitter
Allied Analytics LLP
send us an email here
Visit us on social media: