How the Amusement Parks Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Amusement Parks Market?
The rise in social media usage and mass media exposure positively impacts the amusement park market. Customers at amusement parks enjoy posting their experiences, photos, and videos on various social media platforms, thus informing others about what amusement parks have to offer. In line with a research study conducted by the credit card and payment firm, Visa, it was revealed that 73% of Asians conduct online check-ins during their vacations, with approximately 71% broadcasting their experiences on social media platforms. For amusement parks, social media is proving to be the most potent tool for attracting new customers. Consequently, the proliferation of social media usage is anticipated to propel the growth of the amusement parks market in the future.
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#What is the Anticipated CAGR of theAmusement Parks Market, and What Factors Will Drive It?
In recent times, the amusement parks market has been experiencing a consistent expansion. This market, which is poised to rise from $95.54 billion in 2024 to $99.34 billion in 2025, will record a Compound Annual Growth Rate (CAGR) of 4.0%. This upward trend during the historic period is a result of factors such as positive economic development in budding markets, evolving customer inclination towards leisure experiences, enhanced earning potential, and the advent of mobile applications tailored for amusement parks.
The market for amusement parks is projected to expand steadily in the coming years, reaching a value of $114.77 billion in 2029 with a compound annual growth rate (CAGR) of 3.7%. This growth throughout the predicted period is due to several factors such as governmental support, increased urbanization, a higher prevalence in social media usage, and a surge in the investments towards theme-based amusement parks. Emerging trends within this period include the use of Internet of Things (IoT) to enhance operational efficiency, reliance on green energy for powering their attractions and rides, the introduction of retractable roofs and enclosures, integration of virtual and augmented reality technologies, a focus on sustainability in operations, and provision of platforms for guests to book their rides.
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What Are the Most Significant Market Trends Transforming theAmusement Parks Market?
The experience of patrons in amusement parks is being taken to another level through the advancing use of virtual and augmented reality technologies. Virtual reality is a 3D digitally-created atmosphere that can stimulate interaction with individuals, while augmented reality transforms environments into a digital landscape by introducing virtual elements into the physical world. This technology is becoming commonplace in amusement park rides and theatre-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium, has introduced a new virtual reality wooden roller coaster named Heidi the Ride, with top speeds surpassing 43 mph. SeaWorld’s new attraction, the Kraken Virtual Reality Roller Coaster has recently started its operations in Orlando. The Weave Breaker coaster replicates the experience of jet skiing within an amusement park. Universal Studios has developed The Walking Dead mazes, complemented by augmented reality features.
What Are the Top Market Players Propelling the Growth of theAmusement Parks Industry?
Major companies operating in the amusement parks market include 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, Farah Experiences LLC, Tsogo Sun Kwazulu-Natal (Pty) Ltd, Silver Star Development Ltd, Gold Reef City Theme Park, Ushaka Marine World.
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Which Primary Segments of the Amusement Parks Market Are Driving Growth and Industry Transformations?
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
Subsegments:
1) By Theme Parks: Adventure Theme Parks, Fantasy Theme Parks, Cultural Theme Parks, Educational Theme Parks
2) By Water Parks: Indoor Water Parks, Outdoor Water Parks, Water Attractions (Slides, Wave Pools, Lazy Rivers)
3) By Amusement Arcades: Family Entertainment Centers (FECs), Video Game Arcades, Skill-Based Game Arcades, Redemption Arcades
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Amusement Parks Market?# Market?
North America was the largest region in the amusement parks market in 2024. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the amusement parks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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