Global Family Indoor Entertainments Market Size to Reach USD 77.84 Billion in 2032 | Emergen Research
Increasing leverage of loyalty programs by family indoor entertainment centers and rapid changes in customer preferences for celebrating occasions are key factors driving Family Indoor Entertainments Market growth
Vancouver, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The global Family Indoor Entertainments Market size reached USD 24.35 Billion in 2020 and is expected to register a revenue CAGR of 10.3% during the forecast period, according to latest analysis by Emergen Research. Some factors driving market revenue growth include introduction of loyalty programs by family indoor entertainment centers and rapid shift in customer preference for ways to celebrate occasions. Increasing adoption of technologically-advanced games is another factor is expected to further fuel revenue growth of the market in the near future.
Loyalty programs are offered based on a variety of factors such as reward points, visits, promotional deals, and memberships, among others. Such loyalty schemes can be used by family indoor entertainment centers to keep existing customers even while attracting new customers by advertising. Family indoor entertainment centers have been offering a variety of entertainment choices for younger individuals, such as indoor playgrounds and simulation games, due to advancements in digital game technologies in recent years. This along with major changes in various sectors and verticals, as well as across public and residential sectors in terms of restrictions and social distancing on accord of the COVID-19 pandemic, are some key factors expected to continue to boost revenue growth of the market during the forecast period.*Click Here for In-Depth Insights: Download the Sample Report @ **https://www.emergenresearch.com/request-sample/769*
However, increasing ticket costs and high setup/deployment costs of family indoor entertainment centers are some key factors expected to hamper global family indoor entertainment market revenue growth to some extent during the forecast period.
*Scope of Research *
*Report Details* *Outcome*
Market size in 2020 USD 24.35 Billion
CAGR (2021–2032) 10.3%
Revenue forecast to 2032 USD 77.84 Billion
Base year for estimation 2020
Historical data 2018–2019
Forecast period 2021–2032
Quantitative units Revenue in USD Billion and CAGR in % from 2021 to 2032
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Visitor Demographic, Revenue Source, Type, Application, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA
Key companies profiled Dave & Buster's Inc., Cinergy Entertainment Group, Inc., The Walt Disney Company, Legoland Discovery Centre, Smaaash Entertainment Pvt Ltd., Lucky Strike Entertainment, LLC, Scene75 Entertainment Center, CEC Entertainment Inc., Bandai Namco Entertainment Inc., and Main Event Entertainment, LP
Customization scope 10 hours of free customization and expert consultation
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*Major Companies and Competitive Landscape *
The global family indoor entertainment market is fairly fragmented, with numerous large and medium-sized market players accounting for a major revenue share. Key players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, land lease agreements, and tying up with various vendors in the event management industry, organizing private celebrity performances and adopting more advanced technologies to provide more unique experiences than competitors in the family indoor entertainment. Some major players operating in the family indoor entertainment market are:
· Dave & Buster's Inc.
· Cinergy Entertainment Group, Inc.
· The Walt Disney Company
· Legoland Discovery Centre
· Smaaash Entertainment Pvt Ltd.
· Lucky Strike Entertainment, LLC
· Scene75 Entertainment Center
· CEC Entertainment Inc.
· Bandai Namco Entertainment Inc.
· Main Event Entertainment, LP
*Strategic Development*
In February 2020, With its most recent expansion, Scene 75 Entertainment Centers has widened its geographic coverage. In Columbus, Ohio, the company opened a new entertainment complex inside the Mall at Tuttle Crossing.
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*Some Key Highlights from the Report*
· Young adults (20–25) segment revenue is expected to expand at a significantly robust revenue CAGR over the forecast period. Major improvements in Virtual Reality (VR) technology and a number of family indoor entertainment centers offering unique options for young adults such as indoor versions of bowling, baseball, roller coasters, basketball, racing, and other simulation games and this is expected to boost growth of the segment going ahead.
· Food & beverages segment is expected to register significantly robust revenue growth rate over the forecast period owing to a increase in number of food and cuisine options available to both children and adults at family indoor entertainment centers. In addition, family indoor entertainment centers function as venues for corporate functions and birthday parties, which is expected to propel revenue growth of this segment as an increasing number of corporates are opting to hold or celebrate events or occasions in more reserved settings and with fewer employees at a time.
· AR & VR gaming zones segment is expected to register significantly steady revenue growth over the forecast period due to increasing number of family indoor entertainment center operators having understood the financial benefits of investing in and providing advanced technology entertainment-related experiences. Additionally, rapid advancements of AR and VR technology is heralding the next wave in family indoor entertainment trends, which is expected to boost revenue growth of this segment.
· Asia Pacific is expected to register fastest revenue growth rate during the forecast period. Consumer spending power has increased as a result of growing GDP in countries including China, India, Japan, and South Korea, which is expected to fuel market growth in this region.
· In June 2021, The Gundam Breaker Battlogue Project was announced by Bandai Namco Entertainment Inc. and Bandai Spirits Co., Ltd. Both businesses are part of the newly established Entertainment Unit, which was founded as a result of the Bandai Namco Group's unit structure being reorganized. This initiative will help the unit achieve its aim of fusing and integrating digital and physical products.
*To know more about the study, visit: **https://www.emergenresearch.com/press-release/global-family-indoor-entertainment-market*
*Emergen Research has segmented the **global family indoor entertainments market on the basis of visitor demographic, revenue source, type, application, and region: *
· *Visitor Demographic Outlook (Revenue, USD Billion; 2018–2032)*
· Families with Children (0-8)
· Families with Children (9-12)
· Teenagers (13-19)
· Young adults (20-25)
· Adults (25+)
· *Revenue Source Outlook (Revenue, USD Billion; 2018–2032)*
· Entry Fees & Ticket Sales
· Merchandising
· Food & Beverages
· Advertisement
· Others
· *Type Outlook (Revenue, USD Billion; 2018–2032)*
· Children’s Edutainment Centers (CEDCs)
· Children’s Entertainment Centers (CECs)
· Adult Entertainment Centers (AECs)
· Location-based VR Entertainment Centers (LBECs)
· *Application Outlook (Revenue, USD Billion; 2018–2032)*
· Physical Play Activities
· Arcade Studios
· Skill & Competition Games
· AR & VR Gaming Zones
· Others
· *Regional Outlook (Revenue, USD Billion; 2018–2032)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. BENELUX
7. Rest of Europe
· Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
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