Global Amusements Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
25 Jan, 2021
The amusements market consists of sales of amusements services such as amusement parks entertainments and gambling services and related goods by entities (organizations, sole traders and partnerships) that operate amusements facilities such as theme parks, water parks, amusement arcades, casinos, and sports betting facilities.
Global Amusements Market Size And Drivers:
The global amusements market is expected to grow from $517.44 billion in 2020 to $579.92 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $763.88 billion in 2025 at a CAGR of 7%. Increasing use of social media and access to mass media is positively influencing the amusements market.
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Trends In The Global Amusements Market
Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. 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 Amusements Market Segments:
The global amusements market is further segmented based on type and geography.
By Type: Amusement Parks, Gambling.
Subsegments Covered: Theme Parks, Water Parks, Amusement Arcades, Casino, Lotteries, Sports Betting, Other Gambling.
By Geography: The global amusements market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific was the largest region in the global amusements market, accounting for 37% of the market
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Amusements Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides amusements market overviews, analyzes and forecasts market size and growth for the global amusements market, amusements market share, amusements market players, amusements market segments and geographies, amusements market’s leading competitors’ revenues, profiles and market shares. The amusements market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.