About Entertainment and Amusement
The entertainment and amusement market covers the growing development of entertainment destinations in different forms, like cinemas, family, and special attractions, entertainment sports, and boulevards for live shows and events. New innovative rides, enriching experiences, accommodation facilities, and merchandise in amusement parks are gaining popularity among tourists of all age groups. Resulting in the rise in the number of adults and children visiting entertainment and amusement parks, thus expanding the size of the consumers that drive the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing service, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Saudi Arabia Vendors will contribute the maximum growth to Global Entertainment and Amusement market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Al Hokair Group (Saudi Arabia), Six Flags Inc. (United States), Saudi Aramco Amusement Park (Saudi Arabia), IMG Artists (United States), Time Entertainment (Saudi Arabia), Merlin Entertainments Group (United Kingdom), Universal Studios Recreation Group (United States), Jungle Land (Saudi Arabia), Cedar Fair Entertainment Company (United States), Chimlong Group (China), First Entertainment Company (Saudi Arabia), Cirque Du Soleil (Saudi Arabia), Squares (Saudi Arabia) and Fakieh Group (Saudi Arabia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Compagnie Des Alpes (France) and Fantawild Group (China).
Segmentation Overview
AMA Research has segmented the market of Global Entertainment and Amusement market by Type (Theme Park/Amusement Park, Festivals and Concerts, Entertainment Sports, Family and Specialty Attractions (Entertainment Centers), Cinemas and Other), Application (Family, Spouse, Alone, Kids Only and Others) and Region.
On the basis of geography, the market of Entertainment and Amusement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Government Support for Promoting Tourism and Entertainment and Growing Popularity of Virtual Theme Park
Market Growth Drivers:
Increasing Worldwide Hospitality and Tourism and Cumulating Interest of People Towards the Amusement Parks in Developed Nations
Challenges:
Concern Related Towards the Management System which Needs to be Up to Date and Vigilant in Case of any Accidents
Restraints:
High Maintenance Cost and Seasonal Nature of Theme Parks
Opportunities:
Technological Innovations in the Entertainment Sector and Growth Potential in Emerging Countries
Market Leaders and their expansionary development strategies
In May 2018, Six Flags Entertainment Corporation has acquired lease rights to operate five parks owned by EPR Properties. The five parks are Wet n’ Wild Splashtown, Houston’s largest waterpark, Wet n’ Wild Phoenix, the largest waterpark in Arizona, Darien Lake near Buffalo, Frontier City, an iconic part of the Oklahoma City and White Water Bay, near Frontier City.
In Sept 2020, Triotech announces a breakthrough collaboration with Benoit Cornet and his company BoldMove. Their refreshing collaborative approach to media-based attractions will increase value to clients by creating exciting visitor experiences. The cooperation will leverage the transformative trends in parks and location-based entertainment venues as well as retailtainment in shopping malls. Emphasis will also be put on the covid challenges the market is facing.
Key Target Audience
Entertainment and Amusement, New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.