Global Amusement Parks Market Insights Forecasts to 2032

• The Global Amusement Parks Market Size was valued at USD 51.46 Billion in 2022.
• The Market Size is Growing at a CAGR of 4.8% from 2022 to 2032
• The Worldwide Amusement Parks Market Size is expected to reach USD 82.73 Billion by 2032
• Europe is expected to Grow the fastest during the forecast period

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The Global Amusement Parks Market size is anticipated to exceed USD 82.73 Billion by 2032, growing at a CAGR of 4.8% from 2022 to 2032. Rising theme parks around the world, as well as new experiments in theme and amusement parks, are driving market growth over the forecasted period. The global amusement market is expanding significantly as a result of changing trends and the adoption of indoor gaming zones and theme parks in malls.         

 

Market Overview

The global amusement parks market refers to the large industry dedicated to providing visitors with entertainment, leisure, and recreational experiences through a variety of attractions, rides, shows, and themed environments. These parks are intended to appeal to a wide range of age groups, including families, thrill seekers, and tourists. Amusement parks provide a variety of experiences, including thrilling roller coasters and water slides, as well as live performances, themed zones, and interactive games. To enhance the visitor's experience, they frequently create immersive environments based on specific themes such as fantasy worlds, historical periods, or popular movie franchises. This market has grown significantly over the years, owing to rising disposable incomes, more leisure time, and a thriving global tourism industry. Traditional rides and attractions have given way to advanced technologies such as virtual reality, augmented reality, and interactive elements that engage visitors in novel and captivating ways. Furthermore, the incorporation of themed merchandise, dining options, and lodging within park premises has contributed to the market's expansion.

 

Report Coverage

This research report categorizes the market for the global amusement parks market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the amusement parks market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the amusement parks market.

 

Driving Factors

The increase in developments including the internet of things (IOTs) and artificial intelligence (AI), as well as the widespread use of these cutting-edge innovations in amusement and other theme parks, increases market demand. Growing application areas, as well as increased government support and investment in amusement park construction, will drive market expansion over the projected period. The increasing construction of theme parks around the world is a critical factor propelling the market's expansion over the forecasted period. The growing attraction and excitement among children and the younger generation has resulted in an increase in the construction of amusement parks. This factor is expected to drive growth of the market over the forecasted period.

 

Restraining Factors

The substantial installation costs associated with building amusement parks are one of the obstacles to market expansion. The high cost of maintenance adds to the overall cost of theme-based parks, impeding market growth.

 

Market Segmentation

The Global Amusement Parks Market share is classified into type, rides, and gender.

• The theme parks accounted for the largest market share in 2022.

The global amusement parks market is categorized by type into theme parks, water parks, and amusement arcades. Among these, the theme parks accounted for the largest market share in 2022. Theme parks are large entertainment complexes that provide visitors of all ages with a variety of attractions, rides, shows, and themed areas. They frequently include fantasy, adventure, fairy tales, movies, and other themes. Disneyland and Disney World resorts, Universal Studios, and Six Flags are some of the most well-known theme parks in the world.    

 

• The mechanical rides segment is expected to grow at the fastest pace in the global amusement parks market during the forecast period.   

Based on the rides, the global amusement parks market is divided into mechanical rides, water rides, and others. Among these, the mechanical rides segment is expected to grow at the fastest pace in the global amusement parks market during the forecast period. Mechanical rides are a mainstay of most amusement parks. These rides offer a wide range of experiences, from gentle and family-friendly to thrilling and adrenaline-pumping. Roller coasters, spinning rides, swinging pendulum rides, and spinning teacups are all examples of mechanical rides.    

 

• The male segment is expected to account for the highest market share over the forecast share.

Based on the gender, the global amusement parks market is divided into male and female. Among these, the male segment is expected to account for the highest market share over the forecast share. The male segment of the global amusement park market refers to male visitors who are part of the target demographic for amusement park attractions and experiences. This demographic has its own set of preferences, interests, and tendencies that influence their decision to visit amusement parks.  

 

Regional Segment Analysis of the Global Amusement Parks Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global amusement parks market over the predicted timeframe.

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North America is projected to hold the largest share of the global amusement parks market over the predicted years. This region includes the United States and Canada, which have some of the most iconic and visited amusement parks in the world. North America's amusement park industry is mature, with a diverse range of attractions ranging from Disney and Universal Studios resorts to regional parks such as Cedar Point. The region's robust economy, large population, and well-developed infrastructure all contribute to its substantial share of the global amusement park market.     

 

Europe is expected to grow at the fastest pace in the global amusement parks market during the forecast period. Amusement parks and entertainment have a long history in Europe. Theme parks such as Disneyland Paris, Europa-Park, and Alton Towers are popular in the United Kingdom, France, Germany, and Spain. Europe has a mix of traditional parks and modern attractions that cater to a wide range of cultural preferences.    

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global amusement parks along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Ardent Leisure
• The Walt Disney Company 
• Cedar Fair Entertainment Company 
• SeaWorld Parks & Entertainment, Inc. 
• Six Flags Entertainment Corporation
• Merlin Entertainments 
• Fantawild 
• IMG Worlds of Adventure 
• Disney Parks, Experiences and Products 
• Universal Theme Parks 
• Six Flags 
• Shanghai Disneyland Park
• Tokyo Disneyland 
• Comcast 
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In October 2021, Merlin Entertainments, one of the the globe's largest attraction operators, is collaborating with eSight, a leading vision-enhancement platform. Individuals with vision impairment will benefit from a variety of life-changing experiences provided by the companies working together. eSight and Merlin will collaborate to develop more inclusive initiatives for future guests who have low vision or are legally blind.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Amusement Parks Market based on the below-mentioned segments: 

 

Global Amusement Parks Market, By Type

• Theme Parks
• Water Parks
• Amusement Arcades

 

Global Amusement Parks Market, By Rides

• Mechanical Rides
• Water Rides
• Others

 

Global Amusement Parks Market, By Gender

• Male
• Female

 

Global Amusement Parks Market, By Age Group

• Up To 18 Years
• 19-35 Years
• 36 To 50 Years
• 51 To 65 Years
• More Than 65 Years

 

Global Amusement Parks Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa