Overview

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

IBISWorld’s industry research report on Laser Tag Arenas provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$409m
Annual Growth
11-16
1.1%
Annual Growth
16-21
Profit
Employment
6,960
Business
1,101

Industry Threats & Opportunities

  • An increase in per capita income is expected to boost revenue growth
  • The number of people aged 10 to 19, the industry's main target market, has decreased slightly
  • As individuals return to work they will be more willing to spend on leisure activities

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    Industry Analysis & Industry Trends

    The Laser Tag Arenas industry has been growing due to rising consumer interest in laser tag. The number of laser tag arenas has expanded aggressively, resulting in consistent revenue growth and an increase in consumer sentiment caused by expectations of strong income growth and declining unemployment incentivized an increase in consumer spending on laser tag. Looking forward, the industry is expected to grow has the number of adolescents is expected to stabilize and per capita income is forecast to rise rapidly...

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    Industry Report - Starting a New Business Chapter

    The Laser Tag Arenas industry has low barriers to entry. New operators are able to set up establishments relatively easily, and available locations within or nearby entertainment centers are relatively easy to find. The biggest barrier to entry is in the high initial investment required. According to Creative Works, laser tag equipment, which includes guns and vests, averages $72,000 and the cost of decor averages $85,000. Companies may elect to buy additional structures within the facility, which would add additional costs. New entrants that are unable to afford this initial investment will be unable enter the industry; however, laser tag arenas generally have a full return on investment within 12 to 18 months. Fur..

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    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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    Industry Products

    What is the Laser Tag Arenas Industry?

    This industry operates indoor and outdoor recreational laser tag facilities.

    Industry Products
    Consumables
    Souvenirs
    Makoto
    Laser tag activities
    Video games
    Industry Activities
    Indoor laser tag
    Outdoor laser tag

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
  • Individuals aged 11 years and under
  • Individuals aged 12 to 15 years
  • Individuals aged 16 to 25
  • Individuals over 25 years of age
  • Chart: Major Market Segmentation for the Laser Tag Arenas Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Laser Tag Arenas Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Consumer spending (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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