Press release
Recreation Market Report 2020-30 | Covid 19 Impact And Recovery
The global recreation market is expected to decline from $1486.2 billion in 2019 to $1431.7 billion in 2020 at a compound annual growth rate (CAGR) of -3.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1758.5 billion in 2023.
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The recreation market consists of sales of the use of recreational facilities, and recreational services and related goods by entities (organizations, sole traders and partnerships) that provide recreational services and related goods. Recreational activities include taking part in sporting activities and visiting museums, historical sites, zoos and parks and also witnessing spectator sports and events.
To enhance visitor experience, amusement parks are transforming their attractions from passive amusements into participatory adventures. Motion tracking enables amusement parks to offer virtual reality experiences built for multiple people to experience simultaneously. A new experience was demonstrated with motion tracking and massive 4k resolution projections at Disneyland California .
Recreation Market Segmentation: -
By Type
Amusements
Arts
Sports
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Recreation Market Characteristics
4. Recreation Market Product Analysis
5. Recreation Market Supply Chain
......
20. Recreation Market Competitive Landscape
21. Key Mergers And Acquisitions In The Recreation Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the recreation market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the recreation market are The Walt Disney Company; Las Vegas Sands; Universal Studios; MGM Resorts; Merlin Entertainment Group
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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