Family/Indoor Entertainment Centers Global Market Report 2024

The family/indoor entertainment centers market size has grown rapidly in recent years. It will grow from $28.32 billion in 2023 to $32.55 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth observed in the historical period can be attributed to factors such as changing leisure preferences, the popularity of weather-independent activities, urbanization, the rise of nuclear families, diverse entertainment offerings, and the impact of busy lifestyles on leisure choices.

The family/indoor entertainment centers market size is expected to see rapid growth in the next few years. It will grow to $55.49 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The anticipated growth in the forecast period can be attributed to factors such as the implementation of membership and loyalty programs, participation in cultural events and festivals, emphasis on accessibility and inclusivity, community engagement initiatives, and the promotion of family-centric dining experiences. Major trends expected in the forecast period include the incorporation of virtual and augmented reality experiences, the emergence of hybrid entertainment concepts, the popularity of e-sports and gaming lounges, the offering of customized and themed birthday party packages, and the adoption of digital ticketing and reservation systems.

The family or indoor entertainment centers market is expected to experience growth driven by the increasing inclination of the young population towards mobile gaming. Mobile gaming involves playing games on portable devices with easy accessibility. Family indoor entertainment centers cater to this trend by offering a variety of mobile games, making them an attractive option for the younger demographic. For example, a report from The Journal of Pediatrics in March 2021 highlighted that children and youth spend an average of 20 hours per week playing mobile games, constituting approximately 50% of global gaming. As a result, the growing preference of the young population for mobile gaming is anticipated to contribute to the increased demand for family or indoor entertainment centers during the forecast period.

The family or indoor entertainment center market is anticipated to witness growth propelled by the increasing trend of urbanization. Urbanization involves the rising concentration of the population in urban areas, leading to the growth and expansion of cities and towns. The fast-paced and often stressful nature of urban life has created a demand for leisure activities that offer fun, engagement, and a temporary escape from daily routines. Family or indoor entertainment centers address this need by providing a variety of attractions and activities. For example, a report from the World Bank in 2022 indicated that over 50% of the world's population would reside in urban regions. The urban population is projected to reach 6 billion by 2045, representing a 1.5-fold increase. Additionally, urban land consumption is expected to expand at a rate up to 50% faster than population growth, leading to a projected increase of 1.2 million km2 in urban built-up area by 2030. Consequently, the growth of urbanization is a key driver for the expansion of the family or indoor entertainment center market.

Major players in the family or indoor entertainment centers (FEC) market are actively developing innovative products, exemplified by the introduction of family entertainment centers (FEC). An FEC is a facility, whether indoor or outdoor, specifically designed to offer a diverse range of recreational activities and entertainment suitable for families and individuals across different age groups. As an illustration, in September 2023, Spectrum Metro, a commercial project based in India, unveiled its Family Entertainment Center spanning an impressive 71,000 sq. ft. This FEC distinguishes itself through its groundbreaking approach, serving as a hub for family entertainment and recreational activities. The center seamlessly integrates features such as an amusement park, fitness options, and sports experiences, providing a unique fusion of entertainment and physical activities. Positioned as an unparalleled destination, this Family Entertainment Center caters to various events, including birthday parties, school outings, and corporate gatherings.

Major players in the family or indoor entertainment centers (FEC) market are embracing a strategic partnership approach to introduce new attractions and experiences, both in Branson and beyond. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For example, in June 2021, The Track Family Fun Parks, a family-friendly entertainment center based in the United States, entered into a partnership with Fruition Partners, a private investment firm also based in the US. This collaboration envisions Fruition Partners utilizing The Track's model and engaging in partnerships with or acquiring other robust FEC operators, with a focus on the southern and southeastern United States. The strategic plan for Track Family Fun Parks, in collaboration with Fruition, involves enhancing existing staff and properties while introducing new attractions and experiences, not limited to Branson but also extending their footprint beyond.

In April 2022, Dave & Buster's, a US-based family entertainment company, successfully acquired Main Event in a deal amounting to $835 million. This strategic move enhances Main Event's extensive chain of family entertainment centers, which are located in 50 different locations across the United States. The acquisition represents a significant boost for Main Event, further solidifying its presence and offerings in the family entertainment industry. Main Event, the acquired company, is also a US-based family entertainment company.

Major companies operating in the family/indoor entertainment centers market report are The Walt Disney Company, Bandai Namco Entertainment, Merlin Entertainments, Dave & Buster’s Inc., Bowlmor AMF Corporation, Main Event Entertainment, KidZania, Amoeba Services, Scene75 Entertainment Centers, Gatti’s Pizza Corporation, Round1 Entertainment, Cinergy Entertainment Group, Sky Zone, Fun Spot America Theme Parks, Tenpin, Timezone Global, Andretti Indoor Karting & Games, iPlay America, Billy Beez, Legoland Discovery Center, Lucky Strike Entertainment, Nickelodeon Universe, Fun City, Funriders Leisure & Amusement, Toy Town, Apex Entertainment, Urban Air Adventure Park, Smaash Entertainment Pvt. Ltd., Safari Nation, CEC Entertainment Inc.

North America was the largest region in the family or indoor entertainment centers market in 2023. The regions covered in the family/indoor entertainment centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the family/indoor entertainment centers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Family/indoor entertainment centers encompass various activity areas, including arcade studios, AR and VR gaming zones, physical play activities, skill/competition games, and other entertainment spaces. Arcade studios are venues where individuals can pay to play games on machines. These entertainment centers come in different sizes, ranging from up to 5,000 sq ft to over 30 acres, offering diverse spaces for recreational activities. The revenue sources for family/indoor entertainment centers include entry fees and ticket sales, food and beverages, merchandising, advertising, and other avenues. These centers cater to different demographics, such as families with children (0-8), families with children (9-12), teenagers (13-19), young adults (20-25), and adults (aged 25+).

The family or indoor entertainment centers market research report is one of a series of new reports that provides family or indoor entertainment centers market statistics, including family or indoor entertainment centers industry global market size, regional shares, competitors with an family or indoor entertainment centers market share, detailed family or indoor entertainment centers market segments, market trends and opportunities, and any further data you may need to thrive in the family or indoor entertainment centers industry. This family or indoor entertainment centers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The family or indoor entertainment centers market includes revenues earned by entities by providing services such as arcade games, competitive activities, thrill rides, gaming zones, and bowling alleys. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.