Score big: As consumer spending rises, higher industry demand will boost revenue

The Laser Tag Arenas industry has been growing over the five years to 2017 due to rising consumer interest in laser tag. The number of laser tag arenas has expanded, resulting in consistent revenue growth. Furthermore an increase in consumer sentiment caused by expectations of strong income growth and declining unemployment incentivized an increase in consumer spending on laser tag. Ovwer the fivee years to 2022, an anticipated increase in per capita disposable income, which fuels stronger consumer spending, is expected to aid revenue growth, despite rising external competition due to an increase in the number of non-industry companies operating laser tag arenas...purchase to read more.

Industry Statistics & Market Size
Revenue
$412m
Annual Growth 12-17
5.6%
Forecast Growth 17-22
Profit
Employment
7,065
Businesses
1,150
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Unfavorable demographic shifts over the past five years have somewhat hindered growth
  • Demand for industry services relies largely on population-wide interest in playing laser tag
  • Laser tag participation and consumer interest in the sport is anticipated to continue booming
  • Industry Report - Industry Locations Chapter

    The Laser Tag Arenas industry is highly fragmented, as the majority of establishments service local areas. As a result, the distribution of laser tag facilities is highly correlated with the overall population spread, with a higher concentration of industry establishments in areas with larger populations.The Southeast region holds the greatest concentration of industry establishments at an estimated 22.0%. This region is also home to the largest proportion of the US population, at 25.7%. Within this region, Florida is the greatest contributor at 5.8% of total establishments. The Western region is home to the second-highest concentration of laser tag establishments, with an estimated 16.1%. California alone is home to 9.3% o...purchase to read more.

    Additional Insights for the Laser Tag Arenas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laser Tag Arenas Industry are

  • Easy access for clients
  • Provision of appropriate facilities
  • Business expertise of operators
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Consumer spending in the Laser Tag Arenas industry impact industry performance..

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    What's in this report

    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Consumer spending
  • Number of adolescents aged 10 to 19
  • External competition
  • Time spent on leisure and sports

  • Current Performance
  • Lasers deployed
  • Threats and opportunities
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Changing conditions
  • Future and global opportunities
  • Industry landscape
  • Table: Laser Tag Arenas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laser Tag Arenas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Carpenters
  • Electricians
  • Heating & Air-Conditioning Contractors
  • Soft Drink, Baked Goods & Other Grocery Wholesaling

  • Products & Services
  • Laser tag activities
  • Video games
  • Makoto
  • Consumables
  • Souvenirs
  • Chart: Laser Tag Arenas Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Birthday parties
  • Group events
  • Corporate events
  • Walk-in customers
  • Chart: Major Market Segmentation for the Laser Tag Arenas Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Laser Tag Arenas

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laser Tag Arenas Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Laser Tag Arenas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Laser Tag Arenas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Family Entertainment Center (Fec)
  • Small amusement parks marketed toward families with small children and teenagers.
  • Pack
  • The vest worn by players during games. Infrared receivers are attached to register hits.
  • Phaser
  • The "gun" that players use to tag targets and other players.
  • Target
  • A infrared sensor with LED lights attached. Players can hit targets to score during games.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Laser Tag Arenas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laser Tag Arenas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laser Tag Arenas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laser Tag Arenas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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