A new report published by Future Market Insights titled “Family/Indoor Entertainment Centres Market: Future Market Insights forecasts revenue from the Global Family/Indoor Entertainment Centres market to increase from about US$ 17 Bn in 2017 to about US$ 61 Bn by 2027 end, representing a CAGR of 13.3% from 2017 to 2027. This increasing revenue growth is attributed to the continuous launch of new FECs supporting sustained growth of this market.
Global Family/Indoor Entertainment Centres Market: Segmentation and Forecast
The report segments the global family/indoor entertainment centres market on the basis of FEC type (arcade studios, VR gaming zones, sports arcades, others); on the basis of visitor demographics (families with children (0-9), families with children (9-12), teenagers (12-18), young adults (18-24), adults (24+)); on the basis facility size (<5000 sq. ft., 5001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., >40,000 sq. ft.); on the basis of attendance per day (<25,000, 25,001 to 50,000, 50,001 to 100,000, 100,001 to 250,000, >250,000); and on the basis of revenue source (entry fees and ticket sales, food and beverages, merchandising, advertising, others).
As per the forecast of Future Market Insights, revenue from the arcade studios FEC type segment will increase from US$ 6,081.9 Mn in 2017 to US$ 21,131.4 Mn by 2027 end, representing a CAGR of 3% from 2017 to 2027. Future Market Insights forecasts revenue from the teenagers (12-18) visitor demographics segment to increase from US$ 6,083.8 Mn in 2017 to US$ 21,951.7 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The >40,000 Sq. ft. segment by facility size is expected to represent incremental opportunity of US$ 11,792.9 Mn between 2017 and 2027.
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Future Market Insights projects revenue from the <25,000 attendance per day segment to increase from US$ 2,142.2 Mn in 2017 to US$ 7,082.2 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The merchandising segment by revenue source is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.5% during the period of study.
Global Family/Indoor Entertainment Centres Market: Regional Forecast
Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period.
The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Mn and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.
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Diversified gaming and entertainment options available in FECs in North America supporting global market growth
With continuous innovations in technological aspects, family entertainment centres are offering a diversified range of gaming options for their customers. New technologies such as virtual reality gaming, 3D technology, etc. are trending and consumers are preferring modern ways of entertainment over traditional entertainment options.
Hence, the availability of a number of options for gaming is driving the growth of the family entertainment centres market especially in the North America region over the forecast period.
Global Family/Indoor Entertainment Centres Market: Vendor Insights
The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.
