USD 48.8 billion
Global Amusement Park Market Size, Share, Growth Analysis, By Rides(Mechanical Rides, Water Rides), By Revenue Source(Ticket, Food & Beverage) - Industry Forecast 2024-2031
Report ID:
SQMIG25P2015 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
65 |
Figures:
75
Global Amusement Park Market Insights
Global Amusement Park Market size was valued at USD 48.8 billion in 2019 and is poised to grow from USD 51.23 billion in 2023 to USD 79.26 billion by 2031, growing at a CAGR of 4.97% in the forecast period (2024-2031).
Open-air leisure and entertainment areas with a focus on fictional characters and themes are referred to as amusement parks. They are professionally run additions to fairs and picnic areas that serve people of all ages. They provide a range of entertainment options, including mechanical rides, water parks, theme parks, arcades, casinos, places to wager on sports, hotels, resorts, and refreshment areas. They might also provide immersive cinematic experiences with high-definition (HD) light and music performances as well as theatrical productions that appeal to both adults and children. One of the major factors contributing to the market's optimistic outlook is rapid urbanization, which has been accompanied by strong growth in the travel and tourism sector. Additionally, the availability of cutting-edge rides, lodging options, and authorized items in the theme parks is accelerating industry expansion.
Visitors of all ages are drawn to amusement parks by the accommodations, merchandise, and cutting-edge rides. As a result, the industry is anticipated to rise due to an increase in tourists, especially children and parents. As they are based on fictional characters, these amusement parks draw more young visitors because they allow them to interact with costumed characters from Marvel and Disney films. In the upcoming years, market growth is anticipated to be fueled by the establishment of such themes.
Generation Z and Millennials, who make up the majority of visitors to amusement parks, are putting pressure on the industry to adopt clean energy sources, reduce waste, and offer vegan food alternatives. While Six Flags Discovery Kingdom became the first solar-powered park in the Western United States in 2019, Walt Disney World currently uses solar farms as one of its energy sources. Parks are also reducing their use of straws and substituting plant-based alternatives. Stock and point of sale monitoring will aid in the improvement of the efficiency of the supply chain and sales decisions. By figuring out what foods and products are currently in demand, one can avoid shortages. Nowadays, consumers all over the world spend more money experiencing things rather than purchasing them. The promotion of theme-based amusement parks and the growth in public interest rely heavily on social media platforms. Additionally, the rising disposable income of the populace, particularly in developing nations like China and India, is a factor boosting the market's growth over the anticipated period. As a result, shifting lifestyles, cultural shifts, and increasing disposable incomes of the populace are blamed for the expansion of amusement parks. Over the anticipated period, all of these factors are generating sizable growth opportunities for the market.
US Amusement Park Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Ticket
Fastest Growth
Ticket
Growth Rate
4.97% CAGR
Global Amusement Park Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Amusement Park Market Size By Revenue Share 2022-2028 ($ Bn)
Global Amusement Park Market Size By Revenue Share 2022-2028 (%)
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Global Amusement Park Market Segmental Analysis
The global amusement park market segmentation is based on rides, revenue share, and region. Based on rides the Amusement Park Market is segmented into mechanical rides, water rides, and other rides. Based on revenue share the amusement park market is segmented into ticket, food & beverage, merchandise, hotels/resorts, and others. Based on region the global amusement park market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Amusement Park Market Analysis by Rides
The segment for mechanical rides is predicted to have the biggest market share. It's because more people are visiting theme parks and taking advantage of the challenging roller coasters, enormous attractions, and 4D experiences. Due to an expanding middle class, rising household spending on outdoor activities, and the introduction of new theme parks by international competitors, the market for mechanical rides in amusement parks is growing.
During the projected period, the category for water rides is anticipated to expand quickly at a considerable CAGR. Water rides are seasonal in nature and only available at specific periods of the year based on local weather patterns. restaurants, accommodations, retail stores, golf courses, and other leisure pursuits.
Amusement Park Market Analysis by Revenue Share
During the projected period, the ticket segment is anticipated to develop quickly and at the quickest CAGR. Since entrance tickets to amusement parks generate the most revenue, the segment is anticipated to expand significantly over the course of the projected period.
The segment of hotels and resorts is anticipated to expand quickly during the forecasted period. The increasing installation of lodging choices like hotels and resorts on park property is one of the key drivers generating increased revenue through these businesses.
The food and beverage sector is anticipated to expand quickly over the projected period. because visitors spend a lot of money on food and beverages when they take a break from the rides. Changes have also been made to the culinary experience in order to offer a more immersive guest experience.
Global Amusement Park Market By Revenue Share, 2021 (%), 2023 (%)
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Global Amusement Park Market Regional Insights
In 2021, the amusement park market is dominated by North America. The North American amusement park industry will profit from rising foreign and domestic tourism numbers as well as rising consumer purchasing power during the forecasted timeframe. The United States is the most significant market for amusement parks in North America.
Due to the presence of the majority of major market players in this region, including Shanghai Disneyland, Tokyo Disneyland, Singapore, Chimelong Ocean Kingdom, Universal Studios Japan, Hong Kong Disneyland, and Universal Studios, Asia Pacific is anticipated to hold a sizable market share during the forecast period.
Compared to markets in Europe, the Middle East, and South America, this region's market will expand more quickly. During the forecast period, Western Europe is anticipated to experience the fastest growth.
Global Amusement Park Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Amusement Park Market Dynamics
Amusement Park Market Driver
- The IoT revolution is visible in the many ways that amusement parks operate. This technology aids in regulating the throng at the park and tracking and monitoring all actions. The IoT wristband also permits credit card transactions and performs the same tasks as a passport, which acts as an access ticket for guests. Sensors in IoT-enabled educational theme parks allow parents to keep tabs on their kids' whereabouts at all times. Together, these elements increase the demand for amusement parks.
- Consumers now spend more money on experiences rather than purchases to fill their free time. They are contributing to it by using their discretionary cash to pay for special, personalized experiences, which is what is fueling the experience economy. The use of social media platforms is crucial in influencing consumers to increase demand for these types of experiences.
- Blockchain technology is influencing the future of tickets since it offers safe options that successfully lower price gouging and fraud. Due to blockchain, tickets cannot be sold for more than their face value. Additionally, they prevent ticket duplication, enabling only one user per ticket. Last but not least, it makes the tourist experience simpler by allowing parks to include merchant discounts in tickets and doing away with the need to print tickets.
Amusement Park Market Restraint
- The growth of the amusement park business is predicted to be hampered by a lack of skilled labor to provide quality services and higher input costs associated with labor-intensive industries like entertainment.
- During the projected period, the hazards connected with theme parks would be a significant obstacle for the amusement park market. Amusement parks are fantastic providers of entertainment and provide visitors with exhilarating, one-of-a-kind experiences. However, incidents of accidents, both natural and man-made, have been documented as some of the linked risks. The majority of incidents are attributed to riding malfunctions, poor maintenance, and carelessness on the part of ride operators.
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Global Amusement Park Market Competitive Landscape
Due to the existence of numerous market players, the amusement park is very competitive. The rise of various sorts of lodging options and technical development by key industry players are anticipated to fuel amusement park market expansion. For instance, Six Flags Entertainment Corporation, the largest operator of waterparks in North America, and Volta Inc., a market leader in business-centric electric vehicle charging networks, have partnered to make EV charging available to their visitors at their parks across the United States starting in September 2021.
Amusement Park Market Top Players Company Profiles
- Walt Disney Parks and Resorts
- Merlin Entertainments Group
- Universal Parks & Resorts
- Six Flags Entertainment Corporation
- Cedar Fair Entertainment Company
- SeaWorld Parks & Entertainment
- Fantawild Holdings Inc.
- Parques Reunidos Servicios Centrales SA
- Hershey Entertainment & Resorts Company
- Compagnie des Alpes
- Village Roadshow Limited
- OCT Parks China
- Chimelong Group Co., Ltd.
- Efteling BV
- Ocean Park Corporation
- Everland Inc.
- Europa-Park GmbH & Co Mack KG
- Beijing Universal Resort Culture Development Co., Ltd.
- Nagashima Resort Co. Ltd.
- Lotte World Co., Ltd.
Amusement Park Market Recent Development
- In October 2021, one of the operators of the most well-known attractions in the world, Merlin Entertainments, teamed with eSight, a top vision-enhancement platform. The businesses will give people with vision impairment several experiences that will change their lives. Together, eSight and Merlin will develop more inclusive programs for future visitors who are legally blind or have impaired vision.
Global Amusement Park Key Market Trends
- A significant amusement park market trends that are anticipated to have a favorable effect in the upcoming years is the advent of virtual theme parks. A 3D environment created by a computer is necessary for virtual reality. Through senses and perceptions, this immersive environment simulates experience. A VR park in Dubai features 18 unique VR rides and attractions that offer a variety of experiences, from weird Safari rides to Zombie survival simulators. In recent years, VR-based theme parks and rides have grown to be a top draw for tourists. These elements will fuel the market's expansion during the prediction period.
Global Amusement Park Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the mechanical rides market is anticipated to hold the largest market share. The ticket segment is likely to grow significantly and at the fastest CAGR during the projected period. North America dominated the amusement park market in 2021.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 48.8 billion |
| Market size value in 2031 | USD 79.26 billion |
| Growth Rate | 4.97% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Amusement Park Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Amusement Park Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Amusement Park Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Amusement Park Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Amusement Park Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Amusement Park Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Amusement Park Market Report Snapshots
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