PUNE, India, July 15, 2024 /PRNewswire/ -- Amusement Parks
Market size was valued at USD
72.06 Bn. in 2023 and the total revenue is expected to
grow at a CAGR of 6.2% from 2024 to 2030, reaching nearly
USD 109.80 Bn.
Reports on competitive analyses encompass company overviews,
financial performances, product portfolios, and strategies of key
players in the Amusement Parks Market. To assess strengths
and weaknesses, a comprehensive SWOT analysis was conducted, while
a PESTLE analysis was carried out to understand the impact of
macroeconomic factors on the market. Also, the report includes
detailed analyses of investments made by market players to enhance
their global presence.
The research methodology utilized in analysing the Amusement
Parks market encompasses a thorough approach that combines primary
data which is often collected through surveys, interviews, and
focus groups with industry experts and stakeholders such as owners
and operators, investors and financiers government authorities, and
industry associations. This allows for firsthand insights into
market trends, consumer behaviour, and regulatory challenges and
secondary research utilizing reports from government sources,
industry publications, and financial statements. Market sizing and
forecasting techniques are employed alongside competitive analysis
to provide valuable insights into the market landscape. It also
includes technological integration, environmental sustainability
regulatory compliance financial performance customer experience and
emerging trends which makes it an investor's guide. The report
encompasses Rides, Age, Revenue segments and their analysis, which
elucidates their influence on the market. The estimation
methodology often adopts a bottom-up approach to accurately
determine market sizes.
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Global Amusement Parks Market 2023-2030: Key
Highlights
Market Size in
2023:
|
USD 72.06 Bn
|
Market Size in
2030:
|
USD 109.80
Bn
|
CAGR:
|
6.2 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
229
|
No. of
Tables:
|
138
|
No. of Charts and
Figures:
|
193
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030.
- Detailed information on factors that will assist Amusement
Parks market growth during the next seven years.
- An estimation of the Amusement Parks market size and the impact
of country's GDP on Amusement Parks market.
- Forecasts on upcoming trends and changes in consumer
behaviour.
- The growth of the Amusement Parks market
- Analysis of the competitive landscape and detailed information
on companies.
- Comprehensive details of factors that will impede the growth of
Amusement Parks companies.
Competitive Landscape
The Amusement Parks Market includes the presence of several
global as well as regional key players. A few prominent players
that offer Amusement Parks in the market are Cedar Fair
Entertainment Company, The Walt Disney Company, Merlin
Entertainments, SeaWorld Parks & Entertainment, Disney Parks
and Resorts, Universal Studios Theme parks, Six Flags Entertainment
Corporation, OTC Parks China, Shanghai Disneyland, Tokyo
Disneyland, Hong Kong Disneyland and others.
What's New: Recent Additions and Updates
- ROI and Profitability Metrics.
- Market scenario for Amusement Parks covering the demand and
services.
- Analysis and forecast of Amusement Parks market size.
- Segmentation and forecast Amusement Parks market based on
end-use and regional division.
- Market Trends and Growth Projections.
- Risk Assessment.
- Sustainability and ESG Factors.
- Consumer Behaviour and Demographics.
- Innovative Business Models and Revenue Streams.
- Financial and Operational Benchmarks.
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Amusement Parks Market Overview
Amusement Parks Market is expected to reach US$ 109.80Bn. by 2030. A park with numerous
entertainment-related attractions, including rides, games, and
other activities, is known as an amusement park. A theme park is a
particular kind of amusement park that centres its buildings and
attractions on a main subject and frequently has many regions with
various themes. Amusement parks are stable structures designed for
continuous operation, as opposed to transient and mobile funfairs
and carnivals. They offer attractions that often cater to a range
of age groups and are more extensive than city parks and
playgrounds.
The amusement park market, much like many other industries,
experienced significant disruptions due to the COVID-19 pandemic.
Restrictions varied widely from country to country, with
China taking some of the toughest
measures. As a major player in the market, China's stringent lockouts have had a ripple
effect on amusement parks across the region, causing attendance to
drop to 55% of 2019 levels. But China's OCT chain stood out by recovering 97%
of its pre-pandemic arrivals, largely thanks to the acquisition of
nine new properties and an aggressive downsizing strategy. Despite
these challenges, the theatre market in Asia shows strong investment and is seeing the
onset of consolidation as the industry matures. Once Chinese
tourism is freed from government restrictions, the entire industry
is expected to grow exponentially. But the business has
struggled with persistent labor shortages, especially in filling
starting seasonal positions. Parks responded with a variety of
strategies, including changes to work structures, higher hiring
bonuses, and downsizing. Globally, economic conditions remain
stressful, with rising commodity prices and inflation posing risks
to the industry's near-term future. Nevertheless, the industry has
historically shown resilience to economic cycles and is expected to
continue to do so.
In Europe, many parks resumed
operations in the summer of 2021, with some, such as Merlin,
recording surpluses for 2019. Notable mentions include Europa-Park
and Efteling, both of which attract 3 million visitors, rivaling
Disneyland Paris, which had the highest attendance in Europe with 3.5 million visitors. Demand in
the continent is strong and significant investments are planned in
the coming years, which means that 2024 and 2025 will be strong
years for the market.
The Middle East has also
recovered rapidly, especially in the UAE, thanks to effective
advocacy campaigns and tourist destinations. Expo 2020 Dubai was an
important attraction in late 2021, showcasing the tourism potential
of the region and helping to increase attendance at local parks. In
the U.S. the demand identification and decreased concerns about
COVID-19 outperformed other regions in the summer of 2021.
Water parks in North America in
particular have grown significantly since 2020, approaching 2019
attendance. Orlando,
Florida, home to many top executives, has welcomed tourists
back as COVID-19 precautions are taken and international travel is
curtailed. The region has demonstrated resilience, as evidenced by
how quickly it reopened after events such as Hurricane Ian.
Major operators are moving forward with a planned economy, which
predicted a strong year in 2022. Developing guest
expectations in response to new attractions and enhanced
experiences will be critical in 2024 and beyond. The
increasing popularity of immersive experiences and luxury offerings
continues to shape the market, and parks seek additional revenue
from unique experiences.
The travel industry, which is a key player in the theatre
market, has also rebounded, with airlines working through staffing
challenges to meet growing demand. This convenient return itinerary
is positive for attractions and leisure markets. The stadium
project, resilient as ever, managed to weather the worst effects of
the pandemic and is now poised to recover, and continue its mission
of bringing joy, happiness and hope to visitors on.
Top 25 Amusement/Theme Parks Worldwide
|
|
|
Sr.
No
|
NAME
|
ATTENDANCE
2021
|
1
|
Magic Kingdom Theme
Park at Walt Disney World Resort
|
12,691,000
|
2
|
Disneyland Park At
Disneyland Resort U.S.
|
8,573,000
|
3
|
Tokyo Disneyland At
Tokyo Disney Resort U.S.
|
6,300,000
|
4
|
Tokyo Disneysea At
Tokyo Disney Resort, Japan
|
5,800,000
|
5
|
Universal Studios,
Japan
|
5,500,000
|
6
|
Disney's Animal Kingdom
at Walt Disney World U.S.
|
7,194,000
|
For a list of the top 25 amusement/theme parks and their
attendance figures for the years 2022 and 2023, please request a
sample.
In conclusion, the demand for Amusement Parks is constantly
increasing worldwide driven by factors such as ongoing development
in IoT infrastructure, and Increased adoption of blockchain
technology for ticketing. The Maximize Market Research report
captures these trends in detail across various regions. It provides
a comprehensive analysis of market trends, consumer preferences and
competitive landscape in each category. This comprehensive
perspective provides stakeholders with valuable information to
navigate opportunities and challenges, and ensures strategic
decisions for sustainable growth in the global Amusement Parks
market.
Access a Free Sample Report:
https://www.maximizemarketresearch.com/request-sample/18578/
Amusement Parks Market Segment Overview
MMR has segmented the market based on
By Rides
- Mechanical Rides
- Water Rides
- Other Rides
By Age
- Up to 18 Years
- 19 to 35 Years
- 36 to 50 Years
- 51 to 65 Years
- More than 65 Years
By Revenue Source
- Ticket
- Food & Beverage
- Merchandise
- Hotels/Resorts
- Others.
Based on the Rides, the market is segmented into Mechanical
Rides, Water Rides, and Other Rides. Mechanical Rides segment is
expected to hold the largest market share of xx% by 2030. It's
because more people are going to the theme parks and enjoying the
tough roller coasters, huge rides, and 4D experiences. The market
for mechanical rides in amusement parks is rising as a result of an
emerging middle class, rising household expenditure on outdoor
activities, and the opening of new theme parks by foreign
players.
Water Rides segment is expected to grow rapidly at a CAGR of xx%
during the forecast period 2024-2030. According to local weather
patterns, water rides are ones that are only available at certain
times of the year. For instance, during the winter months in
Europe, the majority of water
rides are closed. Additionally, parks that are open all year round
provide a variety of extra amenities, including dining
establishments, lodging, gift shops, golf courses, and other
leisure activities.
Detailed segmentation values for each segment and
explanations for growth are provided in the final report.
Amusement Parks Market Geography Overview
The North American region is expected to dominate the Amusement
Parks Market during the forecast period 2024-2030. The North
American region is expected to hold the largest market share of xx%
by 2030. This is because the regional park team has offered a
year-round full schedule of events, including festivals and shows.
From modest, independent parks to industry heavyweights like
Universal Studios and the Disney resorts. The majority of amusement
parks in the U.S. and Canada are
dedicated to providing thrill-seekers with excitement with
jaw-dropping thrill rides, Frisbee rides, a motion-simulating
Spider-Man ride, and dizzying roller coasters. The top theme parks
in North America for families
include Kings Dominion, Canada's
Wonderland, Hersheypark, LEGOLAND Florida Resort, and Disney
World.
In the final report, past and future numbers and explanations
are incorporated seamlessly to provide a comprehensive
understanding of the Global Amusement Parks market.
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