Amusement Parks & Arcades in Canada - Industry Research Report

Ups and downs: Revenue has rebounded from COVID-19 disruptions, but profit is still hurting

Amusement parks and arcades are highly susceptible to consumer spending patterns and macroeconomic conditions, as the services they offer are entirely discretionary. Entertainment and leisure options abound, so even when conditions are positive, competition is stiff. At the pandemic's height, most locations were forced to shutter their doors, at least temporarily, due to health and safety concerns. Revenue tanked, alongside profit, as businesses were unable to generate any sales during that time. Yet, as conditions improved, and consumers found themselves with more cash on hand, many flocked back to amusement parks and arcades, resulting in astronomical sales. Over the past five years, revenue has been growing at a CAGR of 0.9% and is expected to reach $940 million in 2023 when revenue will rise an estimated 10.3%.

The Amusement Parks and Arcades industry in Canada operates amusement or theme parks that host a variety of attractions, such as mechanical rides, water slides, games, shows and theme exhibits. These operators may lease space to others on a concession basis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.