Amusements Market Characteristics
The amusements market consists of sales of amusements by entities (organizations, sole traders and partnerships) that provide facilities for recreation, amusement, and gambling activities, and operate sports teams, clubs, or leagues, involved in playing games for recreational purposes. The industry includes businesses that offer participant games and sports facilities. Establishments using transportation equipment to provide recreational and entertainment services are not included in this industry.
Competitive Landscape of the Amusements Market
Major players in the global amusements market include The Walt Disney Company, Las Vegas Sands Corp, Universal Studios Inc, MGM Resorts, Merlin Entertainment Group.
Amusements Market Size
The amusements market size is expected to increase by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the amusements market is due to increasing disposable income, rising urban population and promoting international tourism.
However, the market for amusements is expected to face certain restraints from several factors such as maintanenace costs and stringent government regulations.
Amusements Market Segmentation
The global amusements market is further segmented based on type and geography.
By Type - The amusements market is segmented into amusement parks and 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, the Western Europe amusements market accounts the largest share in the global amusements market.
Trends in the Amusements Market
Adoption of virtual and augmented reality in theme parks is one of the major trends witnessed in the global amusements market.
Potential Opportunities in the Amusements Market
With an emerging economic growth and private investments in theme parks, the scope and potential for the global amusements market is expected to significantly rise in the forecast period.
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