Global Bowling Centers Market 2019-2023
About this market
Bowling centers gaining popularity in emerging countries to drive market growth. Bowling has been considered an expensive sport in emerging countries such as India and South Africa. The average per game cost in these countries is also comparatively higher than the developed countries. This is because bowling is not a common sport in India and other emerging countries. However, the situation is changing as the sport is gaining popularity in these countries as well. Technavio’s analysts have predicted that the bowling centers market will register a CAGR of over 4% by 2023.
Market expansion of established players
The global bowling centers market is recording a significant expansion of the established players in terms of the number of bowling lanes and geographic presence. 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 the established bowling center vendors to invest in launching new family entertainment centers to expanding their geographic presence.
Highly fragmented market structure
The global bowling centers market is fragmented with the presence of a few established players and numerous regional players. Moreover, the entry of the hospitality sector into the bowling industry has also intensified the competition among the vendors. The bowling centers in the US are mostly private and family-owned businesses.
For the detailed list of factors that will drive and challenge the growth of the bowling centers market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Techman-Head Group and Brackett Aircraft Company the competitive environment is quite intense. Factors such as the market expansion of established players and the bowling centers gaining popularity in emerging countries, will provide considerable growth opportunities to bowling centers manufactures. Bowl America, Bowlero, Hollywood Bowl Group, Red Rock Resorts, and Ten Entertainment Group are some of the major companies covered in this report.
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