Global Family/Indoor Entertainment Centers Market: Overview

 Family / indoor entertainment centers are the places designed for people of the various ages to spend their time. The large number of gaming options for entertainment makes it possible to observe a large crowd and thus to drive the market at family entertainment centers. These centers offer a variety of fun options including arcades, gaming consoles, video games, playground areas, indoor playground systems, redeemers, child-driving, skill-oriented machine games, and virtual and enlarged-reality gambling. FECs are also host to private events such as birthday parties and corporate events in areas such as malls.

 This report offers a comprehensive study of the global family/indoor entertainment centers market, with focus on market opportunities and possible constraints, along with the latest trends driving the market.

Global Family/Indoor Entertainment Centers Market: Notable Developments

Adoption of Technologically Advanced Games/Entertainment

Currently, increasing reality (AR) and virtual reality games (VR) are trendsetting and players on the market of families and indoor entertainment centres. In addition, several gaming companies also focus on developing different technologies to enhance the experiences of the gaming in families and indoor entertainment centres. Manufacturers work on mixing AR and VR technology to produce new technologically advanced games with 3D projection mapping and interactive digital surfaces.

Loyalty Programs Offered by Vendors 

Family / indoor entertainment facilities offer loyalty programs, which is an important market driver. The program is supported by parameters like visit points, reward points, cards, memberships, etc. Loyalty programs. These loyalty programs are used to retain and attract new customers with advertising aid in family / indoor entertainment centers. 

  • Launch of Innovative Offerings and Services 

Dave and Busters, the current leading establishment in the global family/indoor entertainment centers market is expediting its growth by offering unique services and efficient promotional marketing. The vendor focuses on providing users with an unforgettable experience, which is a key trait that the millennial generation demands. Dave and Busters has catered to this demand quite efficiently, making them global leaders in the market. 

Key vendors operating in the global family/indoor entertainment centers market are CEC Entertainment, Dave & Buster's, Main Event Entertainment, Time Zone Entertainment, and Smaash Entertainment.

Global Family/Indoor Entertainment Centers Market Dynamics

Because of various economic factors, ticket prices at entertainment centers constantly increase. Ticket prices will also vary based on the location of family entertainment centres, which also impedes FEC's growth in revenues during the projected period. The increase in disposable income per capita, the availability of diversified gaming and entertainment options and favorable demographics among young people in the Asia-Pacific region drive the growth of the market for family-oriented entertainment centers. 

Family centers for indoor and entertainment usually calls for 8-14-year-olds and their parents. In many Asian countries the median age is in the twenties and early thirties. This shows the penetration into the Asia-Pacific of young persons under the age of 14 years, and parents spend more on their children with rising revenues & expectations, which are expected to drive growth in the global families / indoor entertainment centers market. 

North America to Dominate Regional Markets 

Due to the numerous players involved in this region, the market for the family and indoor entertainment centers in North America is forecasted to dominate the global market for family and indoor entertainment centers. The family / indoor entertainment facility market in Asia-Pacific is estimated to increase at a significant rate over the forecast period, given that growing GDP in Asia-Pacific countries such as China, India and Japan has increased the capacity of individuals in the region. As a result of a consistently growing middle class population and increased disposable revenue, this regional market is prognosticated to grow.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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