Amusement Parks Global Market To Reach Value Of About $89 Billion In 2025
16 Feb, 2021
The amusement parks and arcades market consists of sales of amusement parks and arcades entertainments and related goods by entities (organizations, sole traders and partnerships) that operate amusement parks and arcades. The amusement parks and arcades market also includes sales of amusement arcades such as family fun centers, pinball arcades and amusement device parlors. This market includes sales of entry fees and ticket sales for rides, games, food and beverages, merchandise goods, and hotels and resorts. However, this market excludes sales of exclusive restaurants such as fast-food chains operating within the amusement parks. Amusement and theme park companies operate mechanical rides, water rides, water games (includes both spectator sports and crowd engagement games), events, games, shows, themed exhibits, refreshment stands and other visitor attractions for entertainment.
Global Amusement Parks Market Size And Drivers:
The global amusement parks market is expected to grow from $51.67 billion in 2020 to $63.89 billion in 2021 at a compound annual growth rate (CAGR) of 23.7%. The market is expected to reach $89.17 billion in 2025 at a CAGR of 9%. Increasing use of social media and access to mass media is positively influencing the amusement parks market. Extensive use of social media is expected to drive the amusement parks market going forward.
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Trends In The Global Amusement Parks Market
Amusement parks are increasingly using virtual and augmented reality technology to enhance customer experience. Virtual reality is a 3D, computer generated environment which 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.
Global Amusement Parks Market Segments:
The global amusement parks market is further segmented based on type, revenue source, age group, visitors gender and geography.
By Type:Theme Parks, Water Parks, Amusement Arcades.
By Revenue Source:Tickets, Merchandise, Food and Beverages, Hotels & Resorts, Others.
By Age Group:Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above.
By Visitor`s Gender:Male, Female.
By Geography:The global amusement parks 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, accounting for 33% of the total market.
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Amusement Parks Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides amusement parks market overviews, analyzes and forecasts market size and growth for the global amusement parks market, amusement parks market share, amusement parks market players, amusement parks market segments and geographies, amusement parks market’s leading competitors’ revenues, profiles and market shares. The amusement parks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.