Insights Into The Amusement Parks Market’s Growth Opportunities Through 2023-2032 – Includes Amusement Parks Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing the use of social media and access to mass media are expected to drive innovation in amusement parks manufacturing, thus driving the market during the forecast period.
The global amusement parks market is expected to grow from $67.16 billion in 2022 to $106.57 billion in 2023 at a compound annual growth rate (CAGR) of 58.7%. The amusement parks market is expected to grow to $122.50 billion in 2027 at a CAGR of 3.5%.
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Global Amusement Parks Market Segments Include:
- By Type: Theme Parks, Water Parks, Amusement Arcades
- By Revenue Source: Tickets, Merchandise, Food and Beverages, Hotels & Resorts, Other Revenue Sources
- By Age Group: Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above
- By Visitors’ Gender: Male, Female
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global amusement parks market in 2021.
Major Market Players in the amusement parks market include The Walt Disney Company, Oriental Land Company Ltd., Maruhan, OCT Amusement park, Vail Resorts, Inc., Comcast Corporation.
Amusement parks are increasingly using virtual and augmented reality technology to enhance customer experience. Virtual reality is a 3D, computer-generated environment that can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi the Ride, which can reach speeds of more than 43 mph. Amusement park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando. The Weave Breaker coaster brings the reality of jet skiing in an amusement park. Universal Studios have The Walking Dead mazes with augmented reality elements.
The Amusement Parks Global Market Report 2023 provides a amusement parks market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The amusement parks market forecast analyzes amusement parks market size, amusement parks market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An amusement park is a large outdoor area where people can entertain themselves with various rides, games, and other events. Amusement parks help bring out smiles and joy to people of all ages. Theme and amusement parks have a great sense of community and happiness that is unique and hard to replicate with anything else.
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