Amusement Parks Global Market Sees Growth Rate Of 64% Through 2022

The global amusement parks market size is expected to grow from $42.68 billion in 2021 to $70.06 billion in 2022 at a compound annual growth rate (CAGR) of 64.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The amusement park market is expected to reach $153.48 billion in 2026 at a CAGR of 21.7%.

What is the Global Amusement Parks Market?

The amusement parks and arcades market consists of sales of amusement parks and arcades entertainments and related goods by entities (organizations, sole traders and partnerships) that operate amusement parks and arcades. The amusement parks and arcades market also includes sales of amusement arcades such as family fun centers, pinball arcades and amusement device parlors. This market includes sales of entry fees and ticket sales for rides, games, food and beverages, merchandise goods, and hotels and resorts. However, this market excludes sales of exclusive restaurants such as fast food chains operating within the amusement parks. Amusement and theme park companies operate mechanical rides, water rides, water games (includes both spectator sports and crowd engagement games), events, games, shows, themed exhibits, refreshment stands and other visitor attractions for entertainment.

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What drives the Global Amusement Parks Market?

Increasing use of social media and access to mass media is positively influencing the amusement parks market. Visitors in amusements facilities such as amusement parks like sharing their experiences, photographs and videos on social media platforms which helps other people know the experiences offered by the amusement parks. According to a study conducted by Visa, a cards and payments company, 73% of Asians check-in online while on a holiday and as many as 71% people share their experiences on social media sites. Social media is the most effective marketing tool for amusements parks to acquire new customers. Extensive use of social media is expected to drive the amusement parks market going forward.

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Global Amusement Parks Market Segments
The global amusement parks market is segmented:
By Type: Theme Parks, Water Parks, Amusement Arcades
By Revenue Source: Tickets, Merchandise, Food and Beverages, Hotels and Resorts, Others
By Age Group: Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above
By Visitor Sex: Male, Female
By Geography: The regions covered in the amusement parks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Amusement Parks Global Market Report 2022provides market size and growth forecasts for the global amusement parks market, global amusement parks market share, amusement parks market segments and geographies, amusement parks market competitive landscape including leading competitors’ revenues, profiles and market shares. The amusement parks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Amusement Parks Industry Playersinclude The Walt Disney Company, Oriental Land Company Ltd., Maruhan, OCT Amusement park, Vail Resorts, Inc., Comcast Corporation, Merlin Entertainment Plc, Fantawild, Chimelong and Delaware North. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.