Water Parks And Attractions Market Report

Market Insights

The Global Water Parks and Attractions Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over 6.1% during the forecast period.

Figure: Global Water Parks and Attractions Market Size, 2020-2026 (USD Billion)

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What are Water Parks?

Water parks are kind of amusement parks that include attractions such as slides, fountains, swimming pools, wave pools, and splash pads for entertainment purposes. It is a place where people can enjoy various water games and rides. The popularity of water parks has increased with an increasing number of adults and children visiting the amusement parks for entertainment and relaxation.

Key Players

Key players operating in the global Water Parks and Attractions Market are-

• Arraial Eco Park (Brazil),
• Hopi Hari (Brazil),
• O'Higgins Park (Chile),
• Shanghai Disney (China),
• AquaShow Park Hotel (Portugal),
• Xocomil (Guatemala),
• Ma-Noa Park (Brazil),
• Park Aguas Claras (Brazil),
• Wet And Wild (India),
• La Feria de Chapultepec (Mexico),
• The Walt Disney Company (The U.S), and
• Merlin Entertainments Ltd (UK).

Market Dynamics

The growth of the global water parks and attractions market is primarily driven by the growing popularity of water parks among all age groups people due to innovation in water rides and the availability of merchandise and accommodation spaces. The presence of retail outlets and restaurants in the water parks is adding to the market growth. Additionally, growing to emphasize providing innovative products to the consumers visiting water parks such as wrist bands and character costumes is likely to drive the growth of the water parks and attractions significantly.

Segment Analysis

Revenue Source Trends

Based on revenue source, the market has been segmented into tickets, food & beverages, merchandise, hotels & resorts, and others. The tickets segment accounted for the largest market share in 2020. Maximum revenue in the water parks is earned through entry tickets. The hotels & resorts segment is projected to register significant CAGR during the review period.

Regional Trends

Geographically, the market in Asia-pacific accounted for the largest market share of around 35% in 2020 owing to increased spending on leisure and entertainment activities particularly by the millennials coupled with rising per capita disposable income.

• An increase in the number of amusement parks in countries such as India and China are likely to add to the market growth further.
• The market growth in Europe is likely to be driven by an increase in the number of water park establishments.

The COVID-19 Impact on Global Water Parks and Attractions Market.

• The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus.
• This led to travel restrictions, which in turn affected the growth of the water parks and attractions market.
• The imposition of social distancing norms due to fear of virus infection affected the market growth negatively.
• Additionally, the slowdown of the economies across geographies also affected the product demand.
• However, with the lift of lockdown and vaccine availability, market growth is likely to gain momentum.

Critical Questions Answered in the Report

• What are the key trends in the global water parks and attractions market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of the COVID-19 on global water parks and attractions market?
• What are the key strategies adopted by the major vendors to lead in the global water parks and attractions market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the global water parks and attractions market aims to convert the most:

• Water parks and attractions manufacturers
• Water parks and attractions suppliers
• Water parks and attractions distributors
• Organizations
• Government bodies

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