The global family entertainment centers market size is projected to expand with a CAGR of 10.2% between 2023 and 2028 to reach around USD 50 billion by the end of 2028.
Family entertainment centers (FECs) are a kind of small amusement park or entertainment zones that mainly serves local communities in small and large cities. FEC’s are designed to keep the entire family engaged, usually at a mostly less per-person price than a regular amusement park. It provides different options like arcades, gaming consoles, video games, soft play areas, indoor playground systems, redemption machines, children’s rides, skill-based machine games, and games based on virtual and augmented reality. FECs also offer private celebrations like birthday parties and corporate events and also, they are attractively located in areas like malls, where consumers generally visit.
Market Drivers and Restraints
Expansion in per capita disposable income, availability of diversified gaming and entertainment options, and favorable youth demographics in the regions like the Asia-Pacific drive the development of the family/indoor entertainment centers market. Nevertheless, home gaming and mobile devices, high initial expense, and rise in ticket costs are the factors estimated to hinder the expansion of the market during the forecast period. Moreover, continuous introduction of latest FECs supporting family activities, F&B integration, and participatory play, substantial rising investments by malls in the Middle East and Asia-Pacific regions, and a combination of new technologies like virtual reality gaming, 3D technology, and others offer opportunities for the expansion of the market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
Fastest Growing Market |
Asia Pacific |
Largest Market |
North America |
CAGR |
10.2% |
Segments Covered |
Demographics, Facility Size, Revenue Source, Application, Type and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Dave & Buster’s, CEC Entertainment, Inc., Cinergy Entertainment, KidZania, Scene 75 Entertainment Centers, The Walt Disney Company, Lucky Strike Entertainment, FunCity, Smaaash Entertainment Pvt. Ltd., and LegoLand Discovery Centre. |
Market Segmentation
Of these, children between 9-12 years and teenagers are the most revenue contributing segments to the global market, and the same trend is likely to continue over the forecast period.
The entry fees and ticket sales sector led the overall family entertainment centers market and is estimated to continue this trend throughout the foreseen period. Nevertheless, the food & beverage sector is expected to showcase the highest expansion, owing to the rise in the availability of various food options for kids and also adults. Furthermore, individuals also prefer family/indoor entertainment centers as a location of choice for corporate parties and birthday parties for children and adults. This trend escalates revenue generation from the food & beverage segment in the FECs.
Regional Analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
The Asia Pacific family entertainment center market is expected to rise at a high rate over the foreseen period, given that rising GDP in Asia-Pacific countries like China, India, and Japan has escalated the capacity of people in the region. As a result of a consistently rising middle-class population and disposable revenue, this regional market is prognosticated to develop rapidly in the coming years.
The North American family entertainment center market and the Europe family entertainment center market are also predicted to witness consistent developments in the coming years.
Key Players:
The major players operating in the global family/indoor entertainment centers market are:
Recent Developments and Trends
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