III. Industry Analysis
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The family entertainment center market has taken off in recent years. Though people have enjoyed these establishments for decades, they saw a boom in business shortly after the pandemic. During the pandemic years, families were cooped up inside with little to do. Many were eager to get out of the house for some fun, but could not do so safely. Now that the pandemic is over, many families are making up for the years they spent bored at home and are frequenting entertainment centers often. As such, the family entertainment center industry has seen significant growth that was not seen before the pandemic.
We expect this trend to continue as the entertainment center market continues to expand. According to Allied Market Research, the family entertainment center industry was valued at $30.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2023 to 2032. With such substantial growth in the industry, we are confident that [Company Name] will succeed in the local market.
