North America Family Entertainment Centers Market Reach USD 22.1 Billion by 2030 | Top Players - Disney, Bowlero & CEC

Number of options for gaming is driving the growth of the family entertainment centers market, especially in the North America region over the forecast period.

PORTLAND, PORTLAND, OR, UNITED STATE, August 11, 2023/EINPresswire.com/ -- Allied Market Research published a new report, titled, " The North America Family Entertainment Centers Market Reach USD 22.1 Billion by 2030 | Top Players - Disney, Bowlero & CEC." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The North America family entertainment centers market was valued at USD 9,165.43 million in 2020, and is projected to reach USD 22,189.41 million by 2030, registering a CAGR of 9.4% from 2021 to 2030.

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Rise in youth demographics, increase in number of malls, and continual launch of FECs drive the growth of the North America family entertainment centers market. On the other hand, increase in ticket prices and rise in popularity of home & mobile gaming restrain the growth to some extent. However, surge in investments in new games and attractions is expected to create lucrative opportunities in the industry.

The North America family entertainment centers market is segmented into facility size, revenue source, application, type, visitor demographics, and country. Depending on facility size, is the market is categorized into up to 5,000 sq. ft., 5,001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., 1 to 10 acres, 11 to 30 acres, and over 30 acres. On the basis of revenue source, it is classified into entry fees & ticket sales, food & beverages, merchandising, advertisement, and others. In terms of application, it is fragmented into arcade studios, AR & VR gaming zones, physical play activities, skill/competition games, and others. By type, the market is segregated into children’s entertainment centers (CECs), children’s edutainment centers (CEDCs), adult entertainment centers (AECs), and location-based VR entertainment centers (LBECs). In terms of visitor demographics, it is fragmented into families with children 0–8, families with children 9–12, teenagers (13–19), young adults (20–25), and adults (ages 25+). Country wise, the market is analyzed across the U.S. and Canada.

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Based on application, the arcade studios segment contributed to more than one-fourth of the North America family entertainment centers market revenue in 2020, and is anticipated to dominate throughout the forecast period. This is due to the fact that arcade games are essential components of a well-developed FEC business. Moreover, they can create a strong following and earnings for the fun center operator. The AR and VR gaming zones segment, on the other hand, would portray the fastest CAGR of 10.8% till 2030. This is because AR & VR gaming zones provide tremendous fun experiences.

Based on revenue source, the entry fees & ticket sales segment accounted for more than one-third of the North America family entertainment centers market share in 2020, and is expected to rule the roost by 2030. This is attributed to the increase in number of innovative attractions such as buy-one-get-one as well as complimentary entries for cinema, carousel, haunted house, cyber world, archery, arcade, snooker center, bowling, splash pool, snow world, and thrill rides provided by FECs. The food & beverages segment, however, is projected to register the fastest CAGR of 10.7% throughout the forecast period.

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Based on geography, the U.S. garnered the major share in 2020, generating more than four-fifths of the North America family entertainment centers industry, due to large-scale integration of new technologies such as 3D technology and VR gaming. The region across Canada, simultaneously, would manifest the fastest CAGR of 11.4% from 2021 to 2030. Constant increase in middle-class population and surge in disposable income are the major factors that drive the market growth in Canada.

Some of the key industry players profiled in the report include Bowlero, Cinergy Entertainment Group, CEC Entertainment, Inc., Dave & Buster’s, Inc., Disney, iPlay America, Main Event Entertainment, Scene75 Entertainment Centers, SeaWorld Entertainment, and White Hutchinson Leisure & Learning Group, Inc.

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