This report describes and explains the amusement parks market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global amusement parks market reached a value of nearly $42,684.9 million in 2022, having declined at a compound annual growth rate (CAGR) of -1.7% since 2017. The market is expected to grow from $42,684.9 million in 2022 to $101,843.5 million in 2027 at a rate of 11.1%. The market is then expected to grow at a CAGR of 5.2% from 2027 and reach $131,257.7 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, growing customer preferences towards experiences on leisure, improved earning capacity and mobile applications for amusement parks.
Going forward, government support, rising urbanization, increase in use of social media and increasing investments in themed amusement parks will drive the growth. Factors that could hinder the growth of the amusement parks market in the future include stringent regulations, threat from home entertainment and the Russia-Ukraine war.
The amusement parks market is segmented by type into theme parks, water parks and amusement arcades. The theme parks market was the largest segment of the amusement parks market segmented by type accounting for 79.9% of the total in 2022. Going forward, the theme parks market is expected to be the fastest growing segment in the amusement parks market segmented by type, at a CAGR of 11.1% during 2022-2027.
The amusement parks market is segmented by revenue source into tickets, food and beverages, hotels and resorts, merchandise and other revenue sources. The tickets market was the largest segment of the amusement parks market segmented by revenue source accounting for 29.8% of the total in 2022. Going forward, the merchandise market is expected to be the fastest growing segment in the amusement parks market segmented by revenue source, at a CAGR of 11.4% during 2022-2027.
The amusement parks market is segmented by age group into below 25 years, 25 to 39 years, 40 to 59 years, 60 to 74 years and 75 years and above. The below 25 years market was the largest segment of the amusement parks market segmented by age group accounting for 41.0% of the total in 2022. Going forward, the below 25 years market is expected to be the fastest growing segment in the amusement parks market segmented by age group, at a CAGR of 41.0% during 2022-2027.
The amusement parks market is segmented by visitors’ gender to male and female. The male market was the largest segment of the amusement parks market segmented by visitors’ gender accounting for 53.2% of the total in 2022. Going forward, the female market is expected to be the fastest growing segment in the amusement parks market segmented by visitors’ gender, at a CAGR of 11.4% during 2022-2027.
North America was the largest region in the amusement parks market, accounting for 34.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the amusement parks market will be South America, and, Middle East where growth will be at CAGRs of 16.7% and 16.2% respectively. These will be followed by Africa, and, Western Europe where the markets are expected to grow at CAGRs of 12.0% and 11.1% respectively.
The amusement parks market is highly concentrated, with a few large players. The top ten competitors in the market made up to 57.02% of the total market in 2021. The Walt Disney Company was the largest competitor with 23.27% share of the market, followed by Comcast Corporation with 11.83%, Oriental Land Company Ltd. with 4.64%, Seaworld Entertainment, Inc. with 3.52%, Six Flags Entertainment Corporation with 3.40%, Maruhan with 3.24%, Cedar Fair Entertainment with 3.14%, Merlin Entertainment Plc with 2.87%, Vail Resorts, Inc. with 0.59%, and Aspro Parks with 0.52%.
The top opportunities in the amusement parks market segmented by type will arise in the theme parks segment, which will gain $33,474.7 million of global annual sales by 2027. The top opportunities in segment by revenue source will arise in the tickets segment, which will gain $12,367.9 million of global annual sales by 2027. The top opportunities in segment by age group will arise in the below 25 Years segment, which will gain $23,809.8 million of global annual sales by 2027. The top opportunities in segment by visitors’ gender will arise in the male segment, which will gain $21,443.5 million of global annual sales by 2027. The amusement parks market size will gain the most in the USA at $11,790.3 million.
Market-trend-based strategies for the amusement parks market include leveraging IoT to improve operational efficiency, focusing on green energy to power their rides and other attractions, focusing on retractable roofs and enclosures, focusing on virtual and augmented reality technologies, focusing on sustainable operations and offering platforms to their patrons for booking rides.
Player-adopted strategies in the amusement parks market include strong capital expenditure, enhancing operational capabilities through business expansions, strengthening business operations and upgrading theme park offerings.
To take advantage of the opportunities, the publisher recommends the amusement parks companies to focus on use of virtual reality (VR) and augmented reality (AR) in amusement parks, focus on use of IoT technology, focus on adoption of green energy in amusement parks, focus on robots in theme parks, increase focus on theme parks, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on online marketing, continue to focus on fast-growing revenue sources, target millennials and Gen Z, and focus on female visitors.
The global amusement parks market reached a value of nearly $42,684.9 million in 2022, having declined at a compound annual growth rate (CAGR) of -1.7% since 2017. The market is expected to grow from $42,684.9 million in 2022 to $101,843.5 million in 2027 at a rate of 11.1%. The market is then expected to grow at a CAGR of 5.2% from 2027 and reach $131,257.7 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, growing customer preferences towards experiences on leisure, improved earning capacity and mobile applications for amusement parks.
Going forward, government support, rising urbanization, increase in use of social media and increasing investments in themed amusement parks will drive the growth. Factors that could hinder the growth of the amusement parks market in the future include stringent regulations, threat from home entertainment and the Russia-Ukraine war.
The amusement parks market is segmented by type into theme parks, water parks and amusement arcades. The theme parks market was the largest segment of the amusement parks market segmented by type accounting for 79.9% of the total in 2022. Going forward, the theme parks market is expected to be the fastest growing segment in the amusement parks market segmented by type, at a CAGR of 11.1% during 2022-2027.
The amusement parks market is segmented by revenue source into tickets, food and beverages, hotels and resorts, merchandise and other revenue sources. The tickets market was the largest segment of the amusement parks market segmented by revenue source accounting for 29.8% of the total in 2022. Going forward, the merchandise market is expected to be the fastest growing segment in the amusement parks market segmented by revenue source, at a CAGR of 11.4% during 2022-2027.
The amusement parks market is segmented by age group into below 25 years, 25 to 39 years, 40 to 59 years, 60 to 74 years and 75 years and above. The below 25 years market was the largest segment of the amusement parks market segmented by age group accounting for 41.0% of the total in 2022. Going forward, the below 25 years market is expected to be the fastest growing segment in the amusement parks market segmented by age group, at a CAGR of 41.0% during 2022-2027.
The amusement parks market is segmented by visitors’ gender to male and female. The male market was the largest segment of the amusement parks market segmented by visitors’ gender accounting for 53.2% of the total in 2022. Going forward, the female market is expected to be the fastest growing segment in the amusement parks market segmented by visitors’ gender, at a CAGR of 11.4% during 2022-2027.
North America was the largest region in the amusement parks market, accounting for 34.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the amusement parks market will be South America, and, Middle East where growth will be at CAGRs of 16.7% and 16.2% respectively. These will be followed by Africa, and, Western Europe where the markets are expected to grow at CAGRs of 12.0% and 11.1% respectively.
The amusement parks market is highly concentrated, with a few large players. The top ten competitors in the market made up to 57.02% of the total market in 2021. The Walt Disney Company was the largest competitor with 23.27% share of the market, followed by Comcast Corporation with 11.83%, Oriental Land Company Ltd. with 4.64%, Seaworld Entertainment, Inc. with 3.52%, Six Flags Entertainment Corporation with 3.40%, Maruhan with 3.24%, Cedar Fair Entertainment with 3.14%, Merlin Entertainment Plc with 2.87%, Vail Resorts, Inc. with 0.59%, and Aspro Parks with 0.52%.
The top opportunities in the amusement parks market segmented by type will arise in the theme parks segment, which will gain $33,474.7 million of global annual sales by 2027. The top opportunities in segment by revenue source will arise in the tickets segment, which will gain $12,367.9 million of global annual sales by 2027. The top opportunities in segment by age group will arise in the below 25 Years segment, which will gain $23,809.8 million of global annual sales by 2027. The top opportunities in segment by visitors’ gender will arise in the male segment, which will gain $21,443.5 million of global annual sales by 2027. The amusement parks market size will gain the most in the USA at $11,790.3 million.
Market-trend-based strategies for the amusement parks market include leveraging IoT to improve operational efficiency, focusing on green energy to power their rides and other attractions, focusing on retractable roofs and enclosures, focusing on virtual and augmented reality technologies, focusing on sustainable operations and offering platforms to their patrons for booking rides.
Player-adopted strategies in the amusement parks market include strong capital expenditure, enhancing operational capabilities through business expansions, strengthening business operations and upgrading theme park offerings.
To take advantage of the opportunities, the publisher recommends the amusement parks companies to focus on use of virtual reality (VR) and augmented reality (AR) in amusement parks, focus on use of IoT technology, focus on adoption of green energy in amusement parks, focus on robots in theme parks, increase focus on theme parks, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on online marketing, continue to focus on fast-growing revenue sources, target millennials and Gen Z, and focus on female visitors.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
8. Supply Chain Analysis
9. Customer Information
10. Major Market Trends
11. Global Amusement Parks Market Size And Growth
12. Amusement Parks Market, Regional Analysis
13. Global Market Segmentation
14. Market Comparison with Macro Economic Factors
15. Asia-Pacific Market
16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market
21. Africa Market
23. Company Profiles
24. Key Mergers And Acquisitions
25. Market Background: Amusements Market
26. Opportunities And Strategies
27. Amusement Parks Market, Conclusions And Recommendations
28. Appendix
Executive Summary
Amusement Parks Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global amusement parks market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for amusement parks? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The amusement parks market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider amusement parks market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Product Analysis
- Supply Chain
- Customer Information
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities and Strategies
- Conclusions and Recommendations
- Market Background: Amusements Market
- Appendix
Scope
Markets Covered:
1) By Type: Theme Parks; Water Parks; Amusement Arcades2) 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 Visitor's Gender: Male; Female
Companies Mentioned: The Walt Disney Company; Comcast Corporation; Oriental Land Company Ltd; Seaworld Entertainment Inc; Six Flags Entertainment Corporation
Countries: Australia; China; Bangladesh; India; Indonesia; Japan; South Korea; 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
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; amusement parks indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Walt Disney Company
- Comcast Corporation
- Oriental Land Company Ltd
- Seaworld Entertainment Inc
- Six Flags Entertainment Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 442 |
| Published | April 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 60247.4 Million |
| Forecasted Market Value ( USD | $ 131257.7 Million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
