Home/Indoor Entertainment Center Industry

The increase in the number of shopping centers has a positive impact on the growth of the market.

PORTLAND, PORTLAND, OR, USA, July 28, 2022 /EINPresswire.com/ — According to the report, the global indoor/family entertainment center industry generated $25.14 billion in 2020 and is expected to reach $69.55 billion by 2030, witnessing a CAGR of 10.9% from 2021 to 2030.

Drivers, constraints and opportunities

Favorable youth demographics and continuous launch of new FECs supporting family activities, F&B integration and participatory gaming are driving the growth of the global family/indoor entertainment center market.

Moreover, the increase in the number of shopping malls has a positive impact on the growth of the market. However, rising ticket prices and growing popularity of home and mobile games are hampering the growth of the market. On the contrary, increased investment in new games and attractions.

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Covid-19 scenario

• Due to the lockdown implemented in many countries during the Covid-19 pandemic, many activity centers such as arcade studios, gaming areas and physical activity centers have been closed to curb the spread of cross-contamination. This had a negative impact on the overall turnover.

• There has been economic instability in destinations such as amusement parks, amusement arcades and others and nearly 90-92% of these parks have also faced a complete ban on dining in their restaurants . This, in turn, reduced overall revenue streams.

• The home/indoor entertainment center market is expected to recover steadily post-pandemic as government authorities in different countries allow these centers to operate at full capacity.

Based on business area, the arcade studio segment contributed the highest market share in 2020, accounting for around a quarter of the global home/indoor entertainment center market, and is expected to maintain its status as leader by 2030.

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This is attributed to increased spending by children and youth members on amusement activities at arcade studios. However, AR & VR gaming areas segment is estimated to show the highest CAGR of 12.3% during the forecast period. This is due to its realistic and engaging experiences not only for children but also for adults.

By type, the children’s entertainment center (CEC) segment held more than a third of the global family/indoor entertainment center market in 2020 and is expected to maintain its revenue dominance by 2030.

This is attributed to the emphasis on child/parent interactions as well as play activities and entertainment for children. However, the location-based entertainment center (LBEC) segment is expected to show the highest CAGR of 12.8% during the forecast period, owing to the integration of virtual reality in LBECs which is become an attractive option for curious consumers and virtual reality enthusiasts.

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Based on region, North America accounted for the highest market share in 2020, holding more than one-third of the total market share of the global home/indoor entertainment center industry, and is expected to maintain its leading position throughout the forecast period.

This is due to the presence of a large number of players and the growing popularity of games and adventure sports. However, Asia-Pacific is expected to register the fastest CAGR of 12.1% during the forecast period. This is attributed to the increase in the number of shopping malls in countries like India, China and other developing countries.

Main benefits for stakeholders:

• The study provides an in-depth analysis of the global Home/Indoor Entertainment Centers market forecast along with current and future trends to explain the impending investment pockets.

• Information on major drivers, restraints and opportunities and their impact analysis on the global Deep Learning market trend is provided in the report.

• Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.

• Quantitative market analysis from 2021 to 2030 is provided to determine market potential.

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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.

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