Amusement Park Market – Top Companies, Business Growth & Investment Opportunities, Share and Forecasts


Posted October 18, 2024 by gaurigk

Analysis of Amusement Park Market Size by Research Nester Reveals the Market to grow with a CAGR of 7.2% during 2024-2036 and Attain USD 125.2 billion by 2036.

 
Research Nester assesses the growth and market size of the global amusement park market which is anticipated to be on account of the growing number of international travelers and growing personal disposable income.
Research Nester’s recent market research analysis on “Amusement Park Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global amusement park market in terms of market segmentation by age, revenue source, rides, park type, and by region.
Growing demand for leisure and entertainment activities to Promote Global Market Share of Amusement Park
Consumers increasingly prefer spending on experiences rather than material goods. This trend is seen in the success of immersive attractions like those offered by Universal’s Wizarding World of Harry Potter.
Urbanization rapidly creates a higher demand for local entertainment. The opening of large-scale parks in urban areas like Universal Studios reflects this trend.
Amusement parks cater to families looking for fun and engaging activities for all ages, which support their popularity.
Moreover, advancements in virtual reality (VR) and augmented reality (AR) have enhanced attractions. For instance, Six Flags has integrated VR into their rides, creating new experiences that attract tech-savvy visitors.

Some of the major growth factors and challenges that are associated with the growth of the global amusement park market are:
Growth Drivers:
• Increasing integration of the Internet of Things (IoT)
• Growing popularity of influencer marketing


Challenges:
The high investment associated with amusement parks, and the variations in weather are some of the major factors anticipated to hamper the global market size of amusement parks.
Financing is one of the largest obstacles to building an amusement park, driven by the adoption of new technologies, the cost of acquiring land, and the cost of construction.
Also, the weather has a big influence on amusement parks since bad weather might lead to temporary closures of rides, and other services.

Access our detailed report at: https://www.researchnester.com/reports/amusement-park-market/6299
By rides, the global amusement park market is segmented into mechanical, and water. The mechanical segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period.
These days, carnivals, with their unique blend of entertainment, games, and attractions, are becoming incredibly popular generating revenue for the towns and cities that host fairs and carnivals.
Besides this, splash pools, wave pools, water slides, and much more are examples of water rides that are quite well-liked on hot summer days and in warm coastal regions and prominent tourist locations.
The 19 to 35-year-old segment is anticipated to generate significant market revenue through 2036. A large part of the younger generation is in constant search for new and exciting ways to pass the time, which is likely to augment the popularity of amusement parks that provide an exhilarating array of rides, shows, and live entertainment.
By region, the European amusement park market is to generate the highest revenue by the end of 2036. This growth is foreseen owing to the presence of top amusement parks in the region.
In Europe, Disneyland Paris is the most well-liked theme park, which is the 47th most popular tourist destination Disneyland Paris, France has seen hundreds of millions of visitors pass through its doors.
In addition, nano and micro-influencers are becoming more and more popular in Europe as a means for businesses to target more specialized consumers, and to advertise products and services.
This is likely to boost market demand since influencer marketing is a novel and exclusive way for theme parks to increase attendance as they offer easily available guidance and a window into the most fun parks.
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This report also provides the existing competitive scenario of some of the key players of the global amusement park market which includes company profiling of Cedar Fair Entertainment Company, The Walt Disney Company, Comcast Corporation, Chimelong Group Co., Ltd, Ardent Leisure Group Limited., Fantawild Holdings Inc., IMG Worlds of Adventure, Merlin Entertainments, SeaWorld Parks & Entertainment, Inc., and others.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Last Updated October 18, 2024