Amusement Parks Market Report

Market Insights

The Global Amusement Parks Market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over 6.2% during the forecast period.

Figure: Global Amusement Parks Market Size, 2020-2026 (USD Billion)

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What are Amusement Parks?

Amusement parks consists of sales of amusement parks and arcades entertainment and related goods by entities which operate amusement parks. The amusement parks market comprises of sales of amusement arcades such as family run centres, amusement device parlours, and pinball arcades. Moreover, it includes the sales of entry fees and ticket sales for games, merchandise goods, rides, hotels, food & beverages, and resorts.

Key Players

Key players operating in the global amusement parks market are-

• Ardent Leisure Group (Australia),
• Cedar Fair Entertainment Company (The U.S),
• Chimelong Group Co. Ltd (China),
• Comcast Corporation (The U.S),
• Fantawild Group (China),
• Ilyas & Mustafa Galadari Group (IMG)
• Theme Park Association (UAE),
• Merlin Entertainments (UK),
• SeaWorld Parks & Entertainment, Inc. (The U.S),
• Six Flags Entertainment Corporation (The U.S), and
• Walt Disney Company (The U.S).

Market Dynamics

Innovative rides, merchandise in amusement parks, accommodation facilities are gaining popularity among visitors of all age groups.

• Consequently, there is also a surge in the number of adults and children visiting amusement parks, thus widening the side of the target audience.
• Also, the sale of merchandise and food & beverages through retail outlets and restaurants located inside the park is expected to propel the market growth.
• In addition, the rising urban population, increasing disposable income, and growing international tourism further bolster industry growth.

Segments' Analysis

Source Trends

By source, the amusement parks market has been classified into tickets, food & beverages, merchandise, hotels/resorts, and others.

• Under these, the tickets segment garnered the largest market share in 2020 and is likely to register a healthy CAGR in the coming years.
• This is mainly attributed to a rising number of amusement parks with games and activities which require admission tickets and entry tickets, thus bolsters the segment growth.

Regional Trends

By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a steady CAGR during the review period.

• This is mainly attributed to the offers offered by the regional park team in terms of the full program of shows and festivals all through the year which further drives the regional demand for amusement parks.
• Also, The maximum number of amusement parks presence in the region is primarily engaged in spreading the fun for thrill-seekers through jaw-dropping thrill rides, spider-man motion-simulating rides, and dizzying roller coasters.

COVID-19 Impact on Global Amusement Parks Market

The ongoing COVID-19 pandemic has negatively affected the amusement parks industry. The outbreak of COVID-19 is likely to hinder the growth of the amusement parks market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel, resulting in shut down of amusement parks and limiting the need for services offered by these establishments.

Critical Questions Answered in the Report

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

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Target Audience

Here is the list of the group of customers that the Amusement Parks market hopes to have the greatest opportunity to convert-

• Amusement parks companies
• Entertainment companies
• Zoos & circuses
• Water ride companies

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