USD 52.3 billion
Report ID:
SQMIG25P2015 |
Region:
Global |
Published Date: January, 2025
Pages:
165
|Tables:
65
|Figures:
75
Global Amusement Park Market size was valued at USD 52.3 billion in 2023 and is poised to grow from USD 54.91 billion in 2024 to USD 81.13 billion by 2032, growing at a CAGR of 5.0% during the forecast period (2025-2032).
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 - 2025-2032
Global Market Size
USD 52.3 billion
Largest Segment
Ticket
Fastest Growth
Ticket
Growth Rate
5.0% CAGR
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Global Amusement Park Market is segmented by Type, Rides, Gender, Age Group, Revenue Sources and region. Based on Type, the market is segmented into Theme Park, Water Park and Amusement Arcades. Based on Rides, the market is segmented into Mechanical Rides, Water Rides and Others. Based on Gender, the market is segmented into Female and Male. Based on Age Group, the market is segmented into Up to 18 Years, 19-35 Years, 36-50 Years, 51-65 Years and More than 65 Years. Based on Revenue Sources, the market is segmented into Ticket, Food & Beverages, Hotels/Resorts, Merchandise and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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.
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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.
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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.
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 52.3 billion |
Market size value in 2032 | USD 81.13 billion |
Growth Rate | 5.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the 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 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 Amusement Park Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
Amusement Park Market size was valued at USD 51.23 Billion in 2023 and is poised to grow from USD 53.78 Billion in 2024 to USD 83.2 Billion by 2032, growing at a CAGR of 4.97% during the forecast period (2025-2032).
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. '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.'
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.
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.
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.
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Report ID: SQMIG25P2015
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