Global Amusement Parks Market (By Age (Up to 18 years, 19 to 35 years, 36 to 50 years, 36 to 50 years, 51 to 65 years, and more than 65 years) –By Rides (Mechanical Rides, Water Rides, and Others Rides) –By Revenue Source (Ticket, Food & Beverage, Merchandise, Hotels/Resorts, And Others) –By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) – was valued US$ 45.2 Bn in 2017, at a CAGR of 5.8%.
Innovative rides, accommodation facilities, and merchandise in amusement parks are gaining popularity among visitors of all age groups. Sale of merchandise and food & beverages through retail outlets and restaurants located inside the park are expected to be the key sources of ancillary revenue for amusement parks. Additionally, rise in urban population, international tourism, and increase in disposable income of middle-class population are providing an up thrust to the market worldwide. Increase in the number of baby-boomer visitors is likely to drive the growth of the global amusement park market as amusement parks offer expensive and thrilling rides. Amusement parks with themes based on fictional characters have higher popularity among visitors. These parks are also places where children can meet costumed characters, especially those based on famous Disney and Marvel movies.
The 19 to 35 years segment represented more than 30.0% of the overall market revenue in 2017
In terms of age, the 19 to 35 years segment represented more than 30.0% of the overall market revenue in 2017. The segment will dominate the market throughout the forecast period. The 36 to 50 years segment is also estimated to post a CAGR greater than 6.0% during the forecast period. The growth of the segment can be attributed to rise in number of parents accompanying their children below or up to 18 years of age to amusement parks.
The mechanical rides segment accounted for the largest share in the market in 2017
In terms of rides, the mechanical rides segment accounted for the largest share in the market in 2017. Furthermore, water rides are those that are operated only during a particular time of the year depending on weather conditions in different locations. For instance, water rides are mostly closed in European countries during the winter season.
Tickets segment hold the leading share in the market
In terms of revenue source, the tickets segment hold the leading share in the market. The segment is expected to experience healthy growth during the forecast period since amusement parks generate the maximum revenue through admission tickets. Increase in introduction of accommodation facilities such as hotels and resorts in park premises is one of the primary factors stirring up the revenue generation through hotels/resorts.
The America led the market in 2017 accounting for the highest market share
In terms of region, the America led the market in 2017 accounting for the highest market share. This can be attributed to the presence of many amusement parks in the region. The market in Asia Specific is driven by the increase in disposable income in countries such as China and India. Moreover, Asia specific is anticipated to grow at the highest CAGR during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Shanghai Disneyland, Chimelong Ocean Kingdom, Tokyo Disneyland, Universal Studios Singapore, Hong Kong Disneyland, and Universal Studios Japan.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Amusement parks market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Amusement parks market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Amusement parks market positioning of competitors.
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