Family Entertainment Center (FEC) Equipment Market Size And Forecast
Family Entertainment Center (FEC) Equipment Market size was valued at USD 7.43 Billion in 2023 and is projected to reach USD 13.43 Billion by 2030, growing at a CAGR of 8.49% from 2024 to 2030.
The rising trend of complicated multi-level adventure play systems in family entertainment centers is anticipated to foster market growth during the forecast period. Further rise in demand for the popular design theme and requirement for customizing theme contributes to upsurge the market growth. The Global Family Entertainment Center (FEC) Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Family Entertainment Center (FEC) Equipment Market Definition
A family entertainment center, often abbreviated FEC in the entertainment industry also known as an indoor amusement park, family amusement center, family fun center, or simply fun center, is a small amusement park marketed towards families with small children to teenagers, often entirely indoors. They usually cater to sub-regional markets of larger metropolitan areas. FECs are generally small compared to full-scale amusement parks, with fewer attractions, a lower per-person per-hour cost to consumers than a traditional amusement park, and not usually major tourist attractions, but sustained by an area customer base.
Many are locally owned and operated, although there are a number of chains and franchises in the field. Some, operated by non-profit organizations as children’s museums or science museums, tend to be geared toward edutainment experiences, arcade studios, AR and VR gaming zones, physical play activities, skill/competition games, and others rather than simply amusement. Manufactures of family entertainment center equipment provide thrilling, accessible play solutions that appeal to all ages groups, and abilities also deliver fun to kids on a huge scale. With lots of activities possible, plus bright colors and innovative features, indoor playgrounds can offer by manufacturers.
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Global Family Entertainment Center (FEC) Equipment Market Overview
The global FEC Equipment Market is expected to observe critical development during the forecast period. Factors such as the growing number of family entertainment centers across the globe are expected to drive the demand for family entertainment equipment during the forecast period. Family entertainment centers are small amusement parks designed to keep the entire family engaged with various design styles of the indoor playground as well as the popular design theme in the market such as forest theme, space them, England theme, Candy theme, and other combined theme.
It can customize to meet the different requirements this factor is influencing the growth of the market. Continuous introduction of family entertainment centers supporting children & adults’ fun equipment and rising investment by family entertainment centers can fuel the market growth. However, a lack of industry knowledge can hamper the market growth.
Global Family Entertainment Center (FEC) Equipment Market: Segmentation Analysis
The Global Family Entertainment Center (FEC) Equipment Market is Segmented on the basis of Product, Application, and Geography.
Family Entertainment Center (FEC) Equipment Market, By Product
- Children Entertainment Center (CEC) Equipment
- Adult Entertainment Center (AEC) Equipment
Based on Product, the market is bifurcated into Children Entertainment Center (CEC) Equipment and Adult Entertainment Center (AEC) Equipment. The Children Entertainment Center (CEC) Equipment segment is the most popular which took the highest share in the market.
Family Entertainment Center (FEC) Equipment Market, By Application
- Multi-Attraction Indoor Centers
- Outdoor Fun Centers
Based on Application, the market is bifurcated into Multi-Attraction Indoor Centers and Outdoor Fun Centers. In multi-attraction indoor centers today, it has evolved from simple indoor climbing toys to multifunctional family entertainment center ideas that include innovative used indoor playground equipment serving different age groups.
Family Entertainment Center (FEC) Equipment Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, the Global Family Entertainment Center (FEC) Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America dominates the global market due to the presence of a large number of players and family entertainment centers in the region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period owing to the rise in the number of family entertainment centers in this region.
Key Players
The “Global Family Entertainment Center (FEC) Equipment Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are PlayCore, Playdale, Landscape Structures, Playpower, ELI Play, Kompan A/S, Wicksteed Leisure Ltd., QUALI-CITE, Lappset Group, and ABC-TEAM. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | PlayCore, Playdale, Landscape Structures, Playpower, ELI Play, Kompan A/S, Wicksteed Leisure Ltd. |
| SEGMENTS COVERED | • By Product |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
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The post Global Family Entertainment Center (FEC) Equipment Market Size By Product (Children Entertainment Center (CEC) Equipment, Adult Entertainment Center (AEC) Equipment), By Application (Multi-Attraction Indoor Centers, Outdoor Fun Centers), By Geographic Scope And Forecast appeared first on Verified Market Research.
