Laser Tag Arenas in the US Industry Market Research Report Now Available from IBISWorld

Though growth slowed, laser tag's rising popularity and a slight increase in the adolescent population helped give the industry a boost and maintain profit margins. Revenue is forecast to grow at a faster rate over the next five years as consumer confidence recovers and discretionary spending rebounds.

For these reasons, industry research firm IBISWorld has added a report on the Laser Tag Arenas industry to its growing industry report collection.

Los Angeles, CA (PRWEB) October 10, 2012

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In the five years to 2012, the Laser Tag Arenas industry managed to expand despite the recession. Industry revenue is expected to grow at an annualized rate of 2.2% to $378.4 million during the period.

Industry Trends

“The industry was hurt by the economic downturn, which made laser tag a costly luxury for most consumers,” says IBISWorld industry analyst Nima Samadi. “Yet, it still managed to grow due to rising consumer interest in playing laser tag.”

The industry also benefited from favorable demographic shifts and a growing amount of leisure time. The industry will experience a 2.3% uptick in revenue in 2012 due to a stronger economy buoying consumer interest in laser tag activities.

Participation in laser tag has grown aggressively over the past five years. However, in 2008 and 2009, deteriorating economic conditions caused demand for laser tag arenas to slow. Consumer spending growth slowed in 2008 and sank sharply in 2009 as unemployment grew.