Global Amusement Parks Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The amusement parks market consists of sales of amusement parks entertainment and related goods by entities (organizations, sole traders and partnerships) that operate amusement parks and arcades. The amusement parks market also includes sales of amusement arcades such as family fun centers, pinball arcades, and amusement device parlors.

Global Amusement Parks Market Size And Drivers:

The market for amusement parks reached a value of nearly $51,674.3 million in 2020, having grown at compound annual growth rate (CAGR) of -0.3% since 2015 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% to reach nearly $89,174.7 million by 2025. Increasing use of social media and access to mass media is positively impacting the amusement parks market.

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Trends In The Global Amusement Parks Market

Amusement parks are deploying innovative applications of the Internet of Things (IoT) technology to improve operational efficiency and enhance customer experience. IoT is the network of physical devices, vehicles, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data. Amusement parks are using beacon-enabled wristbands to get real time customer data which helps parents (guests) to locate their children. Such bands also help managers to identify the areas of improvement and send real-time information, tips and promotions to guests based on their location. By using the IoT technology, guests can have amazing experience and management can increase their operational efficiency. For example, Disneyworld has successfully implemented IoT wristband concept at its amusement park located in Orlando, Florida. This wristband serves as digital entrance ticket for guests and facilitates transactions.

Global Amusement Parks Market Segments:
The global amusement parks market is further segmented based on type, revenue source, age group, visitor’s 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 Visitors' 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 region is the largest market for amusement parks companies, accounting for 33.2% of the global market in 2020.

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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.