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Family Entertainment Center (FEC) Market Trends

Report ID: GMI9715
Published Date: Jun 2024
Report Format: PDF

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Family Entertainment Center Market Trends

The family entertainment center (FEC) industry is experiencing significant growth due to increasing investments in the construction of new centers. The driver behind this investment is the increasing demand for multi-faceted entertainment options that cater to different age groups and tastes. Leading brands are capitalizing on this trend by creating innovative spaces to enhance customer experience. Key trends include the incorporation of virtual reality (VR) and augmented reality (AR) experiences, which provide immersive and interactive entertainment.

In addition, the FEC has featured a great mix of traditional arcade games, contemporary simulation experiences, trampoline parks, and fun activities such as obstacle courses. This mix of offerings is popular with many and enjoyed by children and adults. Moreover, the trend toward creating multifunctional spaces that can accommodate events such as birthday parties, corporate meetings, and school visits is also gaining momentum. This versatility not only increases foot traffic but also increases revenue potential.

As a result, investment in new FECs is poised to drive continued market expansion and innovation. For instance, in May 2024, a new USD 70 million indoor sports and family entertainment complex was proposed for the growing West Henderson neighborhood. The City of Henderson announced the project, dubbed the West Henderson Fieldhouse, and will go before the City Council for final approval.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of family entertainment center (FEC) reached USD 28.2 billion in 2023 and is set to witness 10.5% CAGR between 2024 and 2032, due to the increasing consumer spending on recreational activities and rising consumer participation in VR park.

The tickets segment is expected to record USD 37.5 billion by 2032, as they offer access to various attractions, including virtual reality experiences and live performances with packaged deals and engaging games.

North America family entertainment center (FEC) industry held 40% revenue share in 2023, driven by rising disposable incomes and a preference for family-oriented leisure activities, bolstered by experiential spending trends.

Altitude Trampoline Park, Bowlero Corp., Dave & Buster's, KidZania, Legoland Discovery Center (Merlin Entertainments), Majid Al Futtaim Leisure and Entertainment, and Punch Bowl Social, among others.