The global bowling centers market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190123005430/en/
Technavio has released a new market research report on the global bowling centers market for the period 2019-2023. (Graphic: Business Wire)
The bowling center vendors are involved in transforming bowling centers into complete family experience centers. They feature an assortment of attractions, such as mini bowling, laser tag, go-carts, arcade games, bumper cars, and video games. A few of the new centers even offer child-friendly play areas and have facilities for birthday parties, which make a substantial revenue contribution to the bowling center vendors.
As per Technavio, the rising focus on recreational bowlers in certain countries will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global bowling centers market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
This report is available at a USD 1,000 discount for a limited time only:View market snapshot before purchasing
Global bowling centers market: Rising focus on recreational bowlers
The vendors present in the global bowling centers market have begun to target recreational bowlers as customers rather than league/professional bowlers. The vendors' primary aim is to maximize the revenues of their bowling centers. It has been noted that the revenue generated through recreational bowlers is comparatively higher than that obtained from the league/professional bowlers. The vendors of bowling centers have been providing access to pool tables, darts, game rooms, laser tag, and even sit-down dining under different pricing schemes to attract more recreational bowlers. Therefore, by offering multiple entertainment and dining options under a single roof, the appeal for bowling is expected to increase among recreational bowlers. This initiative will attract people who may not necessarily bowl but would want to participate in other gaming activities.
“The modern bowling centers are highly integrated with the latest technological features. This has attracted many more consumers toward the bowling centers. A few of the prominent technological upgrades include auto-scoring systems, online reservation systems, cashless transactions, and touchscreen-based food and beverages ordering, which is further expected to boost the growth of the overall bowling centers market,” says a senior analyst at Technavio.
Global bowling centers market: Segmentation analysis
This market research report segments the global bowling centers market by geographical regions (North America, APAC, Europe, South America, MEA).
The North American region led the market in 2018 with a market share of over 39%, followed by APAC, Europe, South America, and MEA respectively. During the forecast period, the North American region will continue to dominate the market and register the highest incremental growth.
Looking for more information on this market?Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005430/en/
