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Amusement and Theme Parks - Global Market Trajectory & Analytics

  • ID: 338386
  • Report
  • April 2021
  • Region: Global
  • 566 Pages
  • Global Industry Analysts, Inc
Global Amusement and Theme Parks Market to Reach $67.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Amusement and Theme Parks estimated at US$49.1 Billion in the year 2020, is projected to reach a revised size of US$67.7 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Mechanical Rides, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$32 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water Rides segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.3 Billion, While China is Forecast to Grow at 7.2% CAGR

The Amusement and Theme Parks market in the U.S. is estimated at US$13.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Other Ride Types Segment to Record 4.1% CAGR

In the global Other Ride Types segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.3 Billion in the year 2020 will reach a projected size of US$9.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 221 Featured):
  • Ardent Leisure Group Limited
  • Cedar Fair Entertainment Company
  • Changlong Group Co., Ltd.
  • Comcast Corporation
  • Fanta Wild Holdings, Inc.
  • Ilyas & Mustafa Galadari Group
  • Merlin Entertainments Group
  • Seaworld Parks & Entertainment, Inc.
  • Six Flags Entertainment Corporation
  • The Walt Disney Company
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Amusement and Theme Parks: An Introduction
  • Global Market Prospects & Outlook
  • Tickets Emerge as the Largest Revenue Source
  • Mechanical Rides: The Leading Segment
  • Emerging Economies Poised to Witness High Growth
  • Competition
  • Top Amusement Parks Worldwide: A Review
  • Exhibit 1: Amusement and Theme Parks Worldwide: % Change in Attendance by Facility for 2018-2019
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Key Trends in the Global Amusement and Theme Parks Market
  • Changing Business Models
  • Adoption of Dynamic Pricing
  • Use of Artificial Intelligence & Touchless Technology
  • Changing Way Customers & Staff Interact
  • Rising Use of VR & AR for Enhancing Guest Experience
  • Changing Food Experiences
  • Growing Development of IoT Infrastructure
  • Rise in Use of Virtual Assistants
  • Blockchain Comes to the Fore
  • Players Focus on Environmental Impact
  • Technology Adoption Witnesses Rapid Growth in Theme Parks
  • Urbanization & Tourism Trends Impact Dynamics of Theme Park Market
  • Sustainability: An Important Aspect for Amusement Parks of the Future
  • Artificial Intelligence & Machine Learning Present New Opportunities for Theme Parks Market
  • Virtual Reality-based Theme Parks Grow in Popularity
  • Technology Trends in Amusement & Theme Park
  • 5G: Potential to Transform Theme Park Experiences
  • Consumer Incomes and Desire for Recreational & Adventurous Activities Spur Market Prospects
  • Innovative, Adventurous Rides Present Growth Opportunities
  • Ensuring Profitability of Thrill Rides: A Major Machine Design Challenge
  • Threat of Accidents at Amusement & Theme Parks: A Major Challenge
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • COVID-19 Presents a Challenging Time for Amusement & Theme Parks
  • Market Overview
  • Exhibit 2: Advertising Spending (in US$ Billion) in US Amusement Parks for the Years 2018-2020
  • CANADA
  • JAPAN
  • Market Overview
  • Exhibit 3: Leading Theme Parks in Japan by Annual Attendance (in Thousand) for FY2019
  • CHINA
  • Market Overview
  • EUROPE
  • Market Overview
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • Market Overview
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • AUSTRALIA
  • INDIA
  • Impact of COVID-19 on Amusement & Theme Parks Industry
  • Amusement Parks & Theme Parks: A Growing Attraction for Indian Consumers
  • India Continues to Invest in Tourism Projects & Theme Parks
  • Religious Theme Parks: The Latest Trend
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 221
Note: Product cover images may vary from those shown
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