Global Amusement Parks Market | Analysis, Size, Share, Growth, Trends and Forecast 2029

Chetana Gardas

Sep 15, 2022 • 4 min read

Amusement Parks Market Overview:

Amusement Parks Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Amusement Parks market study also gives information on the leading businesses functioning in the Amusement Parks industry's strategic ambitions and company growth strategies.

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Amusement Parks Market size was valued at US$ 63.90 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.2% from 2022 to 2029, reaching nearly US$ 103.39 Bn.

COVID-19 Impact on Amusement Parks market:

The COVID-19 pandemic has had a severe influence on the worldwide Amusement Parks business. Amusement Parks production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Amusement Parks market in 2020. However, the negative impact of COVID-19 on the Amusement Parks market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for Amusement Parks.

Drivers :

The various ways that theme parks run reflect the IoT revolution. This technology aids in monitoring, tracking, and managing all of the events as well as crowd control in the park. The IoT wristband also functions as an entry ticket for visitors and as a passport-like device that accepts credit card payments. IoT-enabled educational theme parks have sensors that let parents monitor their children's whereabouts at all times. These elements working together are raising demand for amusement parks. The information of users is accessible to those acting in a business capacity alongside firm owners and officers but is not provided manually by a user to a State agency in theme parks, whether it be in writing or electronically.

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Segmentation:

The market is divided into three categories based on the rides: mechanical rides, water rides, and other rides. It's because more people are visiting theme parks and taking advantage of the challenging roller coasters, enormous attractions, and 4D experiences. Due to an expanding middle class, rising household spending on outdoor activities, and the opening of new theme parks by foreign competitors, the market for mechanical rides in amusement parks is growing.

Water rides are seasonal in nature and only available at specific times of the year based on local weather patterns. For instance, the majority of water rides are closed during the winter in Europe. All-year-round parks also offer a variety of extra amenities, such as dining options, lodging, gift shops, golf courses, and other leisure pursuits.

Regional Analysis:

The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.

Key players:

• Cedar Fair Entertainment Company
• The Walt Disney Company
• Merlin Entertainments
• SeaWorld Parks & Entertainment
• Disney Parks and Resorts
• Universal Studios Theme parks
• Six Flags Entertainment Corporation
• OTC Parks China
• Shanghai Disneyland
• Tokyo Disneyland
• Hong Kong Disneyland
• Ardent Leisure Group
• Chimelong Group Co. Ltd
• Comcast Corporation
• Fantawild Group

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The study gives a complete assessment of the presence of the Amusement Parks market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Amusement Parks Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.

Global Amusement Parks Market research report offers:

The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.

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