Global Amusement Parks Market Size By Type (Theme Parks, Water Parks, Adventure Parks), By Rides (Mechanical Rides, Water Rides), By Age Group (Up to 18 Years, 19-35 Years, More than 65 Years), By Geographic Scope And Forecast

Amusement Parks Market Size And Forecast

Amusement Parks Market size was valued at USD 66.25 Billion in 2024 and is projected to reach USD 101.9 Billion by 2031, growing at a CAGR of 6.10% from 2024 to 2031.

• Amusement parks are all about excitement, chills, and spills! They are permanent structures, as opposed to mobile carnivals or fairs, and are intended to provide a day of fun and entertainment for people of any age. Imagine a vast area filled with thrilling rides, including heart-stopping roller coasters that send you soaring and diving to classic carousels that offer a calm spin. These parks also provide games of skill and chance where you can try your luck and possibly win a reward. Food and drink stalls are always available to keep you fueled for all your travels.
• Amusement parks are more elaborate than the average neighborhood park. They cater to a wide range of ages, from young children who can enjoy baby rides and funhouses to teenagers looking for thrilling roller coasters and games. Amusement parks frequently feature themed zones with specialized decorations and attractions that transport visitors to different worlds, such as a pirate cove or a prehistoric jungle.
• While theme parks are similar to amusement parks, they differ significantly. Theme parks have a central theme that connects the entire experience, including the rides, performances, restaurants, and shops. Amusement parks, on the other hand, may contain a range of rides and attractions without a particular overarching theme.

Global Amusement Parks Market Dynamics

The key market dynamics that are shaping the global amusement parks market include

Key Market Drivers

• Growing Disposable Income and Consumer Spending on Leisure ActivitiesAs people’s disposable incomes grow, they are more likely to spend on entertainment and leisure activities like amusement parks. According to data from the of Labor Statistics, the average annual expenditure on entertainment and leisure activities per consumer unit increased by 22.5%, from $2,913 in 2019 to $3,568 in 2021, despite the pandemic.
• Increasing Tourism and International Travel The amusement park industry benefits greatly from increased domestic and international tourism. The United Nations World Tourism Organization (UNWTO) announced that international tourist arrivals surpassed 900 million in 2022, more than double the figure recorded in 2021, showing a robust comeback in the tourism sector following the pandemic.
• Technological Advancements and Innovative Attractions To attract guests, amusement parks are always incorporating cutting-edge technology and developing new attractions. According to the International Association of Amusement Parks and Attractions (IAAPA) worldwide Theme and Amusement Park Outlook Report 2019-2023, the worldwide theme park market is predicted to develop at a 5.8% compound annual growth rate (CAGR) between 2018 and 2023. This expansion is mostly driven by technical breakthroughs and the addition of additional attractions.

Key Challenges

• Seasonality and Weather DependenceAmusement parks frequently deal with changing attendance due to seasonal fluctuations, and they are vulnerable to weather conditions that can affect visitor numbers and profitability. Park operators must devise strategies to counteract these consequences, including diverse offerings and marketing activities.
• Operational CostsOperating costs for amusement parks are considerable, including ride maintenance, staffing, utilities, and safety precautions. Balancing these expenses while being profitable is an ongoing problem for park management.
• Environmental SustainabilityWith an increased emphasis on environmental sustainability, parks must implement eco-friendly practices, reduce carbon footprints, and properly manage garbage. Implementing green projects frequently necessitates large investments and operational changes.

Key Trends

• Immersive Experiences Amusement parks are increasingly offering immersive attractions like augmented reality (AR) and virtual reality (VR) rides to increase guest engagement and enjoyment.
• Themed Entertainment To provide customers with distinctive experiences, parks are extending their themed areas and attractions based on popular movie, television, and video game brands.
• Interactive Attractions Interactive experiences such as interactive water parks, interactive displays, and hands-on activities are becoming increasingly popular, encouraging tourists to actively participate.
• Multigenerational Appeal Parks are expanding their attractions to appeal to a wide range of age groups, from young children to elderly adults, assuring experiences that cater to diverse interests and preferences.

Global Amusement Parks Market Regional Analysis

Here is a more detailed regional analysis of the global amusement parks market

North America

• The North American amusement park market is currently the leading industry. The COVID-19 pandemic has expedited the growth of staycations and domestic tourism, delivering a considerable boost to local amusement parks. Domestic leisure travel spending in the United States is expected to reach $932 billion in 2022, surpassing pre-pandemic levels and representing a 12% increase over 2019. This change highlights a desire for nearby places, which benefits regional amusement parks and attractions by catering to domestic tourists’ increased demand for accessible and pleasurable leisure experiences closer to home.
• North America, particularly the United States, has high disposable income levels, which leads to increased spending on recreational activities like amusement parks. According to the of Economic Analysis, personal disposable income in the United States increased by 12.5%, from $16.48 trillion in 2019 to $18.54 trillion in 2022. This rise in disposable income is directly related to increased spending on entertainment and recreational activities, indicating a growing propensity among consumers to devote more money to leisure experiences and amusement park visits.

Asia Pacific

• The Asia-Pacific region is expected to experience the most rapid growth in the coming years. The Asia-Pacific area is seeing significant economic growth, which is creating a larger middle class with more disposable income for leisure activities. According to the Asian Development Bank, the middle class in Asia Pacific is expected to grow from 2.02 billion in 2020 to 3.49 billion by 2030.
• This significant increase in the middle-class population is driving up demand for recreation options, especially amusement parks. As disposable incomes rise and lifestyles change, there is a noticeable movement toward higher spending on recreational activities, reflecting the region’s overall trend of leisure-driven consumer behavior.
• Rapid urbanization in the Asia Pacific is preparing the way for significant new advancements in the amusement park market. The United Nations predicts that Asia Pacific’s urban population will grow from 2.3 billion in 2019 to 3.5 billion by 2050. This generational transition is driving significant investment in amusement parks, as evidenced by China’s ambitious ambition to build 300 new theme parks by 2025, according to AECOM. The expansion of metropolitan regions not only broadens the possible client base but also demonstrates the region’s growing desire for different entertainment options and leisure activities.

Global Amusement Parks MarketSegmentation Analysis

The Global Amusement Parks Market is Segmented on the basis of Type, Rides, Age Group, And Geography.

Amusement Parks Market, By Type

• Theme Parks
• Water Parks
• Adventure Parks
• Family Entertainment Centers (FECs)
• Location-Based Entertainment Centers (LBECs)

Based on Type, the market is fragmented into Theme Parks, Water Parks, Adventure Parks, Family Entertainment Centers (FECs), and Location-Based Entertainment Centers (LBECs). Theme parks today dominate the amusement park sector, providing a wide range of immersive experiences under one roof. However, Family Entertainment Centers (FECs) are enjoying the most rapid expansion. FECs cater to families by offering a variety of attractions such as bowling, laser tag, arcades, and smaller-scale rides, making them a more accessible and economical choice.

Amusement Parks Market, By Rides

• Mechanical Rides
• Water Rides

Based on Rides, the market is segmented into Mechanical Rides and Water Rides. Mechanical rides today dominate the amusement park market, providing a diverse spectrum of thrills from carousels to roller coasters. Water rides, on the other hand, are growing at the greatest rate, especially in hotter areas, because they offer a refreshing and exciting alternative for both families and thrill seekers.

Amusement Parks Market, By Age Group

• Up to 18 Years
• 19-35 Years
• 36-50 Years
• 51-65 Years
• More than 65 Years

Based on Age Group, the market is segmented into Up to 18 Years, 19-35 Years, 36-50 Years, 51-65 Years, and More than 65 Years. The under-18 age group is anticipated to dominate the amusement park market, with families with small children accounting for a sizable proportion of park visits. However, the 19-35 age group is growing the fastest. This could be attributed to a variety of variables, including increased free time in this demographic, a rising nostalgia for childhood memories, or a desire for more adventurous leisure activities.

Amusement Parks Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Amusement Parks Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America now dominates the amusement park market due to its established industry, iconic parks, and extensive infrastructure. However, Asia Pacific is experiencing the most rapid expansion. This is driven by a growing middle class with greater disposable income, increased urbanization, which generates demand for entertainment, and government support for tourism through infrastructural development.

Key Players

The “Global Amusement Parks Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cedar Fair Entertainment Company, Disney, Comcast, Chimelong Group Co., Ltd, Ardent Leisure Group Limited., Fantawild Holdings, Inc., IMG Worlds of Adventure, Merlin Entertainments, SeaWorld Parks & Entertainment, Inc., and Warner Media, LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Amusement Parks Market Recent Developments

• In May 2023, Walt Disney opened the world’s first frozen-themed zone at the Hong Kong Disneyland Resort investing a total of USD 60 billion in the enterprise. This fascinating attraction will have two distinct rides, including a breathtaking boat trip through a winter wonderland, complemented by renowned music from beloved films.
• In October 2023, The American Heartland Theme Park and Resort announced intentions to create an “Americana-themed” amusement park in 2026, investing a total of USD 2 billion in the project.
• In March 2023, Imagicaa World Entertainment opened Aquamagicaa, a water park in Surat that spans 4 acres. The Park offers an incredible 16 water-based rides and activities for visitors to enjoy.

Report Scope

Analyst’s Take

The Amusement Parks Market continues to thrive as a vital component of the global entertainment industry, driven by increasing consumer demand for immersive and thrilling leisure experiences. Despite occasional challenges posed by economic fluctuations and regulatory considerations, the market has demonstrated resilience through innovative offerings, strategic expansions, and the adoption of advanced technologies to enhance visitor experiences. With evolving consumer preferences and emerging trends such as virtual reality integration, themed entertainment experiences, and sustainable practices, the outlook for the Amusement Parks Market remains promising. As players in the industry adapt to changing dynamics and capitalize on opportunities for expansion, the market is poised for sustained growth in the foreseeable future.

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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