PUBLISHER: KBV Research | PRODUCT CODE: 1616618
PUBLISHER: KBV Research | PRODUCT CODE: 1616618
The Latin America, Middle East and Africa Indoor Amusement Center Market would witness market growth of 11.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Indoor Amusement Center Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,655.5 million by 2031. The Argentina market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The UAE market would exhibit a CAGR of 10.7% during (2024 - 2031).
Several key trends are shaping the indoor amusement center market, with operators continuously innovating and adapting to meet consumer demand. Virtual and augmented reality technologies are becoming increasingly popular in indoor amusement centers. VR allows users to experience games, rides, and experiences that simulate real-life or fantasy worlds. On the other hand, AR is used to create interactive experiences that blend digital elements with the physical world, offering a more immersive environment for visitors. These technologies are expected to continue growing as consumers seek novel, cutting-edge experiences.
The concept of gamification, where entertainment activities are designed to resemble video games, is gaining traction in indoor amusement centers. Gamified experiences encourage active participation, competition, and social interaction, making them more engaging. From interactive wall projections to multi-player arcade games, gamification offers a dynamic experience that appeals to all age groups.
In the UAE, the travel and tourism sector's significant contribution of AED 167 billion to the GDP in 2022-9% of the total GDP-coupled with the AED 117.6 billion spent by international tourists, signals robust economic activity that benefits leisure industries, including indoor amusement centers. The influx of international tourists, who often seek diverse entertainment options, directly influences the demand for indoor amusement centers in major tourist destinations like Dubai and Abu Dhabi. With tourists spending a lot on leisure activities, indoor amusement centers can tap into this market by offering tailored experiences for residents and visitors. Moreover, the UAE's high standard of living and increasing disposable income means that locals are also likely to engage in more leisure activities, contributing to the market's growth. Thus, in Nigeria and the UAE, the rise in disposable income and tourism provides a positive outlook for the market.
Based on Component, the market is segmented into Arcade Games, Indoor Adventure Parks, Bowling Alleys, Indoor Go-Karts, AR-VR Games, Children's Entertainment & Education Area, Trampoline Park, and Other Component. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Indoor Amusement Center Market Report Segmentation
By Component
By Country