The global laser tag market is expected to reach $641.8 million by 2028, growing at a CAGR of approximately 7.2% during 2021-2028. North America held the highest market share in the laser tag market as of 2021 with 30.3%, while indoor arenas account for 65% of the overall industry revenue worldwide. In 2020, an estimated 26% of total global laser tag industry revenue came from birthday parties and group events, and 41% were located in shopping malls or centers across the world. Additionally, 70% use LED-based systems and 80+ percent utilize wireless technology for their equipment respectively; making it one of today’s most popular activities among all age groups – particularly 12 to 16 year olds who make up majority participants per game (15-25 players). With Laserforce International being founded back in 1986 as oldest manufacturer still around today – this article will explore more interesting statistics about this evergrowing entertainment sector.
Laser Tag Industry Statistics Overview
Indoor laser tag arenas account for the majority share (around 65%) of the overall market.
This statistic is a testament to the popularity of indoor laser tag arenas, highlighting the fact that they are the most sought-after form of laser tag entertainment. It is a clear indication that the laser tag industry is thriving, and that people are increasingly turning to laser tag as a fun and exciting way to spend their time.
In 2023, the laser tag industry in the United States is expected to generate revenue of around $380 million.
This statistic is a testament to the immense potential of the laser tag industry in the United States. It shows that the industry is growing and is expected to generate a significant amount of revenue in the near future. This is an important indicator of the industry’s health and provides valuable insight into the future of the laser tag industry.
Laserforce International is the oldest laser tag manufacturer, founded in 1986.
The fact that Laserforce International is the oldest laser tag manufacturer speaks volumes about their commitment to the industry. With over three decades of experience, they have been at the forefront of the laser tag industry, pioneering new technologies and setting the standard for quality and innovation. This longevity and dedication to the industry makes them a reliable source of information and a trusted leader in the laser tag industry.
As of 2020, the worldwide popularity rate of laser tag has increased by 9% over the past five years.
This statistic is a testament to the growing popularity of laser tag, indicating that more and more people are engaging in the activity. It is a key indicator of the health of the laser tag industry, and provides valuable insight into the current state of the market. This statistic is essential for anyone looking to gain a better understanding of the laser tag industry and its potential for growth.
In 2020, the United States laser tag industry generated an estimated revenue of $315 million.
This statistic is a testament to the success of the laser tag industry in the United States. It shows that the industry is thriving and that it is a lucrative business to be involved in. It also serves as a reminder of the potential for growth in the industry, as the revenue generated in 2020 is only a fraction of what it could be. This statistic is an important indicator of the health of the laser tag industry and should be taken into consideration when discussing the industry’s future.
The most popular age group participating in laser tag is 12 to 16 years old.
This statistic is a key indicator of the Laser Tag industry’s success, as it shows that the majority of participants are within the age range of 12 to 16 years old. This age group is typically the most active and engaged in recreational activities, making them the ideal target demographic for Laser Tag. Knowing that this age group is the most popular for Laser Tag can help businesses in the industry to better tailor their services and offerings to meet the needs of this key demographic.
The average laser tag center in the United States generates around $245,000 in annual revenue.
This statistic is a telling indication of the potential profitability of the laser tag industry. It demonstrates that laser tag centers can be a lucrative business venture, with the average center generating a substantial amount of revenue each year. This statistic is an important piece of information for anyone considering investing in the laser tag industry, as it provides a benchmark for what can be expected in terms of revenue.
The average number of laser tag participants per game is between 15 and 25 players.
This statistic is a key indicator of the popularity of laser tag, as it shows the average number of people who participate in a game. It is an important statistic to consider when discussing the laser tag industry, as it provides insight into the size of the market and the potential for growth. Additionally, it can be used to compare the popularity of laser tag to other activities, such as paintball or video games.
An estimated 26% of global laser tag industry revenue comes from birthday parties and group events.
This statistic is a telling indication of the importance of birthday parties and group events to the laser tag industry. It highlights the fact that these types of events are a major source of revenue for the industry, and that laser tag is a popular choice for celebrations and gatherings. This information is essential for anyone looking to gain a better understanding of the laser tag industry and its financial success.
Approximately 41% of laser tag locations are in shopping malls or shopping centers.
This statistic is a telling indication of the popularity of laser tag as an entertainment option, particularly among those who frequent shopping malls and centers. It speaks to the fact that laser tag is a sought-after activity, and that it is a viable option for those looking for a fun and exciting way to spend their time. Furthermore, it suggests that laser tag is a viable business opportunity for those looking to capitalize on the popularity of the activity.
Over 80% of laser tag venues use wireless technology for their equipment.
This statistic is a testament to the Laser Tag industry’s commitment to modernity and convenience. Wireless technology allows for a smoother, more efficient gaming experience, and its widespread adoption among laser tag venues speaks to the industry’s dedication to providing the best possible experience for its customers.
Conclusion
The laser tag industry is a rapidly growing market, with the global market expected to reach $641.8 million by 2028 and grow at a CAGR of approximately 7.2% during 2021-2028. North America currently holds the highest share in this market, while Asia-Pacific is projected to achieve the highest growth rate over the forecast period. Indoor arenas account for most of the overall revenue generated from laser tag activities, but outdoor systems are also gaining traction due to their increasing popularity among players worldwide. The majority of commercial venues use LED-based equipment and wireless technology for their operations, while birthday parties and group events contribute significantly towards total revenues earned by these facilities each year. With an estimated 1,600 commercial laser tag arenas around the world as well as rising demand from younger age groups such as 12–16 years old participants, it appears that this trend will continue into future years ahead
References
0. – https://www.www.ibisworld.com
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2. – https://www.www.statista.com
3. – https://www.www.lasertagsource.com
4. – https://www.www.qubicaamf.com
5. – https://www.www.grandviewresearch.com
6. – https://www.www.globenewswire.com
