Global Amusement Parks Market Size 2024, Forecast To 2033
11 Mar, 2024
The amusement parks market size has witnessed robust growth, escalating from $79.68 billion in 2023 to $84.43 billion in 2024, with a compound annual growth rate (CAGR) of 6.0% during the historic period. This growth is attributed to strong economic expansion in emerging markets, evolving customer preferences favoring leisure experiences, improved earning capacity, and the integration of mobile applications for amusement parks. Looking ahead, the amusement parks market is expected to sustain strong growth, reaching $105.82 billion in 2028 at a CAGR of 5.8%. Contributing factors include government support, rising urbanization, increased use of social media, and growing investments in themed amusement parks. Noteworthy trends for the forecast period involve leveraging IoT to enhance operational efficiency, a focus on green energy to power rides and attractions, the incorporation of retractable roofs and enclosures, a concentration on virtual and augmented reality technologies, and an emphasis on sustainable operations, alongside providing platforms for patrons to book rides, shaping the landscape of the amusement parks industry.
Global Amusement Parks Market Key Driver
The amusement park market is positively influenced by the increasing use of social media and mass media access. Visitors to amusement parks often share their experiences, photographs, and videos on social media platforms, serving as effective marketing tools to showcase the attractions and experiences offered by these parks. A study by Visa, a cards and payment company, revealed that 73% of Asians check in online while on holiday, and 71% share their experiences on social media sites. Social media emerges as a potent tool for acquiring new customers for amusement parks. This increased use of social media is anticipated to propel the amusement park market, indicating a market size growth from $X billion in 2023 to $Y billion in 2024 at a compound annual growth rate (CAGR) of Z%. Looking forward to 2028, the market is forecasted to reach $W billion.
Get A Free Sample Of The Global Amusement Parks Market ReportGlobal Amusement Parks Market Segments
The amusement parks market covered in this report is segmented –
1) By Type: Theme Parks, Water Parks, Amusement Arcades
2) By Revenue Source: Tickets, Food And Beverages, Hotels And Resorts, Merchandise, Other Revenue Sources
3) By Age Group: Below 25 Years, 25 To 39 Years, 40 To 59 Years, 60 To 74 Years, 75 Years And Above
4) By Visitors’ Gender: Male, Female
By Geography:The regions covered in the amusement parks market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
North America was the largest region in the amusement parks market in 2023. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the amusement parks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Amusement Parks Industry Players
The Walt Disney Company, Comcast Corporation, Oriental Land Company Ltd, Seaworld Entertainment Inc, Six Flags Entertainment Corporation, Maruhan, Cedar Fair Entertainment, Merlin Entertainment Plc, Vail Resorts, Inc., Aspro Parks, Della Adventure Park, Wonderla Holiday, China Travel Service (Hong Kong), USJ Co., Ramoji Group and Village Roadshow Limited (VRL), Freizeit- und Familienpark Mack KG, Euro Disney S.C.A., Disneyland Paris, Efteling Nature Park Foundation, Tivoli A/S, Patriot Theme Parks, Dream Island Holding Company, NBC Universal Media LLC, Hershey Entertainment & Resorts Company, Tinkertown Amusements Ltd, Canada's Wonderland Company, Marineland of Canada Inc, Rubi Gaming S.A.C., Dreams Corporation S.A.C, Rosa Laranjeira Lopes, Renato Rodrigues Silva, Slots Machines S.A, Interjuegos S.A, Jumeirah, Farah Experiences LLC, Tsogo Sun Kwazulu-Natal (Pty) Ltd, Silver Star Development Ltd, Gold Reef City Theme Park, Ushaka Marine World.
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Amusement Parks Market Overview
An amusement park is a large outdoor area where people can entertain themselves with various rides, games, and other events. Amusement parks help bring out smiles and joy to people of all ages. Theme and amusement parks have a great sense of community and happiness that is unique and hard to replicate with anything else.
Amusement Parks Global Market Report 2023 provides data on the global amusement parks market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The amusement parks market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.