LONDON--(BUSINESS WIRE)--New market research study by Technavio on the global bowling centers market projects the market to grow at a CAGR of over 4% during the period 2019-2023. This research report provides an in-depth bowling centers market outlook in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.
Market expansion of established players
Various established market participants are focusing on expanding in terms of increasing the number of bowling lanes and their geographic presence considering the immense growth potential of the sport. Bowling centers all over the world have begun to attract more consumers due to the success of the family entertainment center concept. This has encouraged vendors to undertake the of opening new centers in the US and other favorable locations to reach out to a wider target audience. Therefore, rising expansion ventures from established market players will contribute significantly to the overall bowling centers market size during the forthcoming years.
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Surging popularity in emerging economies supports bowling centers market growth
Bowling centers market analysis illustrates there is an increasing preference for bowling as a sport in advancing economies including India and South Africa. Bowling enthusiasts across the emerging economies are patronizing hotel chains with exclusive bowling units. This rising inclination toward bowling in India and South Africa will emerge as one of the latest bowling centers market trends to gain prominence.
According to a senior analyst at Technavio for leisure products research, “Players in the hospitality industry are introducing exclusive bowling units to gain popularity among travelers and sports enthusiasts and position themselves as a power-packed resort and family destination. Bowling centers also help in retaining the guests for longer duration while increasing the overall spend on food and beverages.”
Highly fragmented market structure
With the presence of established and regional players, the bowling centers market is highly fragmented. Various players from the hospitality sector are entering the bowling industry, which is further intensifying the competition in the market. Hotels offering specialty bowling centers within their premises might limit consumers from visiting exclusive bowling centers. However, the rising competition will encourage bowling center vendors to come up with effective strategies to remain competitive and retain their share of the market.
Top players in the global bowling centers market:
- Bowl America
- Hollywood Bowl Group
- Red Rock Resorts
- Ten Entertainment Group
Some of the key topics covered in the global bowling centers market include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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