Global Amusement Parks Market
Recreation

Amusement Parks Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The amusement parks market size has witnessed robust growth, escalating from $79.68 billion in 2023 to $84.43 billion in 2024, with a compound annual growth rate (CAGR) of 6.0% during the historic period. This growth is attributed to strong economic expansion in emerging markets, evolving customer preferences favoring leisure experiences, improved earning capacity, and the integration of mobile applications for amusement parks. Looking ahead, the amusement parks market is expected to sustain strong growth, reaching $105.82 billion in 2028 at a CAGR of 5.8%. Contributing factors include government support, rising urbanization, increased use of social media, and growing investments in themed amusement parks. Noteworthy trends for the forecast period involve leveraging IoT to enhance operational efficiency, a focus on green energy to power rides and attractions, the incorporation of retractable roofs and enclosures, a concentration on virtual and augmented reality technologies, and an emphasis on sustainable operations, alongside providing platforms for patrons to book rides, shaping the landscape of the amusement parks industry.

The amusement park market is positively influenced by the increasing use of social media and mass media access. Visitors to amusement parks often share their experiences, photographs, and videos on social media platforms, serving as effective marketing tools to showcase the attractions and experiences offered by these parks. A study by Visa, a cards and payment company, revealed that 73% of Asians check in online while on holiday, and 71% share their experiences on social media sites. Social media emerges as a potent tool for acquiring new customers for amusement parks. This increased use of social media is anticipated to propel the amusement park market, indicating a market size growth from $X billion in 2023 to $Y billion in 2024 at a compound annual growth rate (CAGR) of Z%. Looking forward to 2028, the market is forecasted to reach $W billion.

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What Are The Key Trends That Influence Amusement Parks Market Share Analysis?

Amusement parks are adopting virtual and augmented reality technology to enhance visitor experiences. Virtual reality creates interactive 3D environments, while augmented reality integrates virtual elements into the real world. For example, Plopsaland De Panne in Belgium introduced the Heidi the Ride virtual reality wooden roller coaster, reaching speeds of over 43 mph. SeaWorld in Orlando launched the Kraken Virtual Reality Roller Coaster, and Universal Studios incorporated augmented reality into The Walking Dead mazes.

Which Market Players Are Driving Growth In The Amusement Parks Market?

Major companies operating in the amusement parks market report are The Walt Disney Company, Comcast Corporation, Oriental Land Company Ltd, Seaworld Entertainment Inc, Six Flags Entertainment Corporation, Maruhan, Cedar Fair Entertainment, Merlin Entertainment Plc, Vail Resorts, Inc., Aspro Parks, Della Adventure Park, Wonderla Holiday, China Travel Service (Hong Kong), USJ Co., Ramoji Group and Village Roadshow Limited (VRL), Freizeit- und Familienpark Mack KG, Euro Disney S.C.A., Disneyland Paris, Efteling Nature Park Foundation, Tivoli A/S, Patriot Theme Parks, Dream Island Holding Company, NBC Universal Media LLC, Hershey Entertainment & Resorts Company, Tinkertown Amusements Ltd, Canada’s Wonderland Company, Marineland of Canada Inc, Rubi Gaming S.A.C., Dreams Corporation S.A.C, Rosa Laranjeira Lopes, Renato Rodrigues Silva, Slots Machines S.A, Interjuegos S.A, Jumeirah, Farah Experiences LLC, Tsogo Sun Kwazulu-Natal (Pty) Ltd, Silver Star Development Ltd, Gold Reef City Theme Park, Ushaka Marine World.

How Is The Global Amusement Parks Market Segmented?

The amusement parks market covered in this report is segmented –

1) By Type: Theme Parks, Water Parks, Amusement Arcades
2) 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 Visitors’ Gender: Male, Female

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The Amusement Parks Global Market Report 2024 provides an overview of the amusement parksmarket 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 and their market positions.

The Table Of Content For The Amusement Parks Market Include

1. Amusement Parks Market Executive Summary
2. Amusement Parks Market Segments
3. Amusement Parks Market Size And Template Market Growth Rate
4.  Key Amusement Parks Market Trends
5. Major Amusement Parks Market Drivers
……
25. Key Mergers And Acquisitions In The Amusement Parks Market
26. Top Amusement Parks Companies
27. Amusement Parks Market Opportunities And Strategies
28. Amusement Parks Market, Conclusions And Recommendations
29. Appendix

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