Industry Background:
The theme park is also called Amusement Park and Entertainment Park. It is a place where the most attractive and thrilling entertainment activities are available including mechanical rides, water rides, and others. It is the center of the park, rides, video games, entertainment, and food. A dark ride, drop tower, pendulum ride, roller coaster, simulator ride, swing ride, and water ride are rides of theme parks.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Walt Disney Attractions (United States), Merlin Entertainments Group (United Kingdom), Universal Studios Recreation Group (United States), Oct Parks (China), Six Flags Inc. (United States), Cedar Fair Entertainment Company (United States), Chimlong Group (China), Parques Reunidos (Spain), Compagnie Des Alpes (France) and Leofoo tourism group (Taiwan) |
According to AMA, the market for Theme Parks is expected to register a CAGR of 8.7% during the forecast period to 2028. This growth is primarily driven by Increase Middle-Class Population, Increasing Number of Baby Boomer Visitors and Government Support for Promoting Tourism and Entertainment.
Globally, a noticeable market trend is evident Growing Popularity of Virtual Theme Parks
The Leisure Facilities sector in the North America 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 Walt Disney Attractions (United States), Merlin Entertainments Group (United Kingdom), Universal Studios Recreation Group (United States), Oct Parks (China), Six Flags Inc. (United States), Cedar Fair Entertainment Company (United States), Chimlong Group (China), Parques Reunidos (Spain), Compagnie Des Alpes (France) and Leofoo tourism group (Taiwan), 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:
On 20th June 2018, The Walt Disney Company acquired Twenty-First Century Fox, Inc. The deal was established for 38 dollars per share in cash and stock for the expansion of the Business.
On 22nd May 2018, Six Flags Entertainment Corporation, the world’s largest regional theme park company 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 Oklahoma City and White Water Bay, near Frontier City.
Influencing Trend:
Growing Popularity of Virtual Theme Parks, Adoption of Outdoor Activities and Rising Adventurist Attitude
Market Growth Drivers:
Increase Middle-Class Population, Increasing Number of Baby Boomer Visitors and Government Support for Promoting Tourism and Entertainment
Challenges:
Seasonal Nature of Theme Parks
Restraints:
More Time is needed for Manufactures and High Maintenance Cost
Opportunities:
Technological Advancement in Emerging Country and Introduction of Wristband is an IoT-enabled Band for Management and Tracking
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Theme Parks Market
- Analysis about New Entrants in Theme Parks Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Theme Parks Study Sheds Light on
The Theme Parks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Theme Parks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Theme Parks 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.