A report by Allied Market Research projects good news for FEC's. In 2017, the FEC market was valued at $18.9 billion and is project to increase to $40.8 billion, an increase of 10.2%. Of note, the driving force will continue to be entry fees and tickets sales; however, F&B projects to have the highest increase, with the expansion of menu items that cater to children and adults.
Whereas the arcade portion of the FEC will continue to dominate, the forecast also highlights a steady increase in augmented and virtual reality. By offering unique play experiences they cannot get at home, the AR and VR markets will bring in guests that usually prefer to stay at home but are looking for a new experience.
What does this mean for FEC's? Reviewing forecasts such as this, the TRR team see a light at the end of the tunnel. With the turmoil we have all experience in the last year and a half, this report highlights key areas FEC's should focus on and emphasizes the need for our industry to not stay complacent and adjust with the growing market.
To read the report, please visit Allied Market Research
About Allied Market Research:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.