Industry Background:
A drop tower is a type of amusement ride where riders are hoisted up a tower shaft in a gondola which is then released and left to quasi-free-fall back down until the ride is slowed by brakes towards the bottom. Increased demand for outdoor recreational activities and growing numbers of amusement parks across the United States fuelling the growth of the market.This growth is primarily driven by Increased Demand for Outdoor Recreational Activities across the United States
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Leisure Facilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as S&S Sansei (United States), Intamin Worldwide (Switzerland), Funtime (Australia), SBF Rides (Italy), Zamperla (Italy) and Moser's Rides S.r.l. (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021,Croc Drop. Chessington World of Adventures Resort has today officially unveiled its new 2021 ride, Croc Drop. Set to open when the park is allowed to reopen later this year. The new Croc Drop ride is a Drop Tower attraction built by Italian Manufacturer, SBF Rides. Located as part of the Forbidden Kingdom area of the park. The new attraction is a replacement for the park’s former Rameses Revenge ride.
In October 2022, This drop tower at NASA's Jet Propulsion Laboratory in Southern California includes a bow launch system, which can hurl test articles 110 mph into the ground, re-creating the forces they would experience during a Mars landing.The market report lists the major players involved in the Drop Tower Market under the competitive landscape and company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements, key developments.
Influencing Trend:
Marketwise, the amusement park industry has seen a surge in demand for experiences that blend physical rides with digital elements..
Market Growth Drivers:
Increased Demand for Outdoor Recreational Activities across the United States and Growing Numbers of Amusement Parks across the United States
Challenges:
Ensuring the safety of riders is paramount.
Restraints:
Accidents & Injuries Hampers the Growth of the Market
Opportunities:
Upsurging Amusement Park Visitors Expected to Open Lucrative Opportunities for the Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Drop Tower Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Drop Tower Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Drop Tower players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Drop Tower Study Sheds Light on
The Drop Tower Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drop Tower industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drop Tower industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.