Amusement Park Market Is Expected To Be Valued At USD 57.2 billion In 2022, Rapid Growth In The Tourism Industry

The global amusement park market size is expected to be valued at US$ 57.2 billion in 2022 and is poised to grow at a CAGR of 5.7% during the forecast period 2022-28. It is a park with numerous attractions for entertainment, such as rides and sports, as well as other activities. A theme park is a form of amusement park that focuses its structures and attractions on a central theme, often with different themes in multiple areas. Amusement parks are stationary and designed for long-term service, unlike transient and mobile funfairs and carnivals boosting the global market.

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Water Ride Accounted for Higher Revenue Share in Global Amusement Park Market:
Based on Ride type, global amusement market is segmented into mechanical rides, water rides, other. Water Rides is accounted for higher revenue. Water rides are entertainment rides set over water. For example, to pass along its path, a log flume moves through a channel of water. A water slide is a type of slide designed for hot-weather or indoor recreational use in water parks (also referred to as a flume, or water chute). The water decreases friction, so that sliders go very rapidly down the slide. Water slides flow into a swimming pool or a long run-out chute (often called a plunge pool). Boosting the global amusement market.

North America leads the Global Amusement Park Market:
Based on regional analysis, global amusement market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global amusement market contributed the largest share in 2021. Rider launches, new park establishments, and R&D activities on perspective of IoT revolution are the key factors. The technology helps to track and control all the events and also to handle the park crowd. Disney World, LEGOLAND Florida Resort, Hersheypark, Canada's Wonderland, and Kings Dominion are the best amusement parks for families in North America boosting the global market.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
The global amusement market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In October 2019, the establishment of the largest indoor theme park Nickelodeon Universe has happened at the American Dream Mall in New Jersey, North America. It is equipped with 35 rides, SpongeBob, the Teenage Mutant Ninja Turtles and Dora the Explorer. In May 2018, Six Flag Entertainment Corporation announced the launch of a new Twisted Cyclone hybrid roller coaster.

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The global amusement park market is segmented based on ride, age, revenue and region:
By Rides Type
• Mechanical Rides
• Water Rides
• Other

By Age
• Up to 18 Years
• 19 to 35 Years
• 36 to 50 Years
• 51 to 65 Years
• More than 65 Years

By Revenue
• Ticket
• Food & Beverage
• Merchandise
• Hotels/Resorts
• Others

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Key player's profiles in the global amusement market are: Ardent Leisure Group; Cedar Fair Entertainment Company; Chimelong Group Co. Ltd; Comcast Corporation; Comcast Corporation; Walt Disney Company; SeaWorld Parks & Entertainment, Inc.; Six Flags Entertainment Corporation.

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