Portland, OR, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “Family Entertainment Centers Market by Visitor Demographics, Facility Size, Revenue Source, Activity Area, and Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025”. According to the report, the global family entertainment centers market was valued at $18.91 billion in 2017 and is projected to reach $40.81 billion by 2025, registering a CAGR of 10.2% during the forecast period.
Prominent Growth Drivers and Trends
The growth of the global family entertainment centers market is driven by increased per capita disposable income, the rise in preference for indoor entertainment, and the availability of diversified gaming and entertainment options. However, the advent of home gaming and mobile devices and high installation cost & surge in ticket prices for such centers impede market growth.
Family Entertainment Centers Market Segmentation Analysis
Based on visitor demographics, the families with children (9-12) segment is poised to grow at the fastest rate, registering a CAGR of 13.1%, on account of the fact that more than 60% of visitors are school-aged kids within this age range who are relatively strong and well-coordinated. However, the teenagers (13-19) segment is expected to continue its dominance throughout 2025, owing to the growing popularity of arcade games and amusement parks among teenagers. Based on activity area, the AR & VR gaming zones is expected to grow at the fastest CAGR of 14.1%, due to the increased demand for family entertainment centers offering advanced entertainment experiences.
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Based on type, the location-based entertainment centers (LBECs) segment is expected to encounter the highest growth rate of 14.0% CAGR, as they are rapidly integrating VR systems to cater to the growing demand of curious consumers and VR aficionados. However, children's entertainment centers (CECs) would remain the dominant segment during the forecast period, accounting for more than one-third of the global market by 2025, as they facilitate child/parent interaction with primary focus on child play activities. By region, North America generated more than a third of the global revenue in 2017 and is expected to continue its dominance through 2025. Meanwhile, Asia-Pacific is anticipated to grow at the fastest CAGR of 12.5% during the forecast period.
Major Market Players
The key players analyzed in the report include Dave & Busters, 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 Center.
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