Amusement Parks Market 2020 With COVID-19 Impact Analysis, Business Opportunities and Future Outlook 2023
The global amusement parks market is expected to decline from $73.5 billion in 2019 to $71.6 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. 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 9% from 2021 and reach $89.5 billion in 2023.
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Scope of the Report:
1) By Type: Theme Parks; Water Parks; Amusement Arcades
2) By Revenue Source: Tickets; Merchandise; Food and Beverages; Hotels & Resorts; Others
3) By Age Group: Below 25 Years; 25 to 39 Years; 40 to 59 Years; 60 to 74 Years; 75 Years and Above
4) By Visitors' Gender: Male; Female
Companies Mentioned: Disney Parks and Resorts; Merlin Entertainment; Universal Studios; Six Flags Entertainment; Oct parks China
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, amusement parks indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
North America was the largest region in the global amusement parks market, accounting for 33% of the market in 2019. Asia Pacific was the second largest region accounting for 29% of the global amusement parks market. Africa was the smallest region in the global amusement parks market.
Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. Virtual reality is a 3D, computer generated environment which can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance the Weave Breaker coaster brings the reality of jet skiing in an amusement park.
The amusements parks market consists of sales of amusement park services and related goods by entities (organizations, sole traders and partnerships) that operate amusement parks and theme parks. The busnesses in the amusement parks industry operate mechanical rides, water rides, games, shows, theme exhibits, picnic grounds, and amusement arcades which include electronic game arcades, family fun centers, game rooms, indoor play areas, pinball arcades, and video game arcades. Revenues in this market include entry fees and charges for specific rides.
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-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Amusement Parks Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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