Business Highlighting Technology Growth Key To National Park Market Growing Federal And State Budget Deficits GDP Is Expected To Grow 2.1% Per Year On Average During The Same Period, Revenue, Industry Products

The National Parks Market has suffered over the five years to 2018 from growing federal and state budget deficits, which have led to inadequate, or in some years reduced, funding for parks, wildlife sanctuaries and other industry services. While some sites have been forced to close due to eroding funds, others have earned revenue by enacting entrance fees, raising existing entrance fees or offering vendor contracts to offset lower budgets. Still, amid modest increases in government funding at the federal level for much of the period, industry revenue is expected to increase. Over the five years to 2023

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Industry Threats & Opportunities

Tourists have continually turned to industry parks for natural and inexpensive leisure activities

While some states closed parks due to budget cuts, other states partnered with private organizations

Funding at the federal and state level is forecast to continue tightening

The National Parks Market is in the mature stage of its life cycle. Over the 10 years to 2023, the industry's value which measures the industry's contribution to the economy, to grow by only 0.5% annually. Conversely, GDP is expected to grow 2.1% per year on average during the same period. Persistent budget deficits over the past 10 years are the main culprit for the industry's poor performance. As the current administration plans to continue and exacerbate budget cuts for many of the industry's players, and because government funding is by far the largest source of revenue for the majority of industry players, this trend is not likely to change. Most parks are well-established and have at least a basic level

According to latest news The Parks Service is funding the $100,000 GSA market analysis, which should start this fall and take four to six months to complete.

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Industry Activities

City park management

National park services

Natural wonder tourist attraction management

State park management

Nature center management

Wildlife sanctuary management

Industry Products

National parks

State parks

City parks

report forecasts revenue growths at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global National Parks Market based on technique, component, deployment, end-use, and region.

Table of content:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 National Parks Market Outlook

Chapter 4 Technique Type Estimates & Trend Analysis

Chapter 5 Component Type Estimates & Trend Analysis

Chapter 6 Deployment Type Estimates & Trend Analysis

Chapter 7 End-Use Type Estimates & Trend Analysis

Chapter 8 Regional Estimates & Trend Analysis

Chapter 9 : Competitive Landscape

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: National Parks Market Effect Factors Analysis

Chapter 12: National Parks Market Forecast (2018-2023)

Chapter 13: Appendix

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