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Amusement Rides Market worth $43.89 billion by 2030, growing at a CAGR of 7.43% - Exclusive Report by 360iResearch
Amusement Rides Market | 360iResearch
The Global Amusement Rides Market to grow from USD 26.56 billion in 2023 to USD 43.89 billion by 2030, at a CAGR of 7.43%.
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The amusement rides market encompasses various mechanical devices, structures, and attractions designed for entertainment purposes in amusement parks, carnivals, fairs, and other recreational venues. These rides vary widely in their design, complexity, and target audience, ranging from simple children's rides to complex high-speed roller coasters and interactive virtual reality experiences. The scope of this market includes the design, manufacturing, distribution, operation, and maintenance of these rides and the provision of related services and technologies. Amusement rides find primary application in amusement parks, theme parks, family entertainment centers, and traveling carnivals, providing entertainment and thrill to a wide range of demographics. The end-users of amusement rides are broadly categorized into children, adolescents, and adults, with specific rides tailored to each group's preferences and safety requirements. The growth of the amusement rides market is influenced by several key factors, including advancements in technology, rising disposable incomes, changes in consumer preferences, and an increasing emphasis on safety and regulatory compliance. Technological innovations enable the creation of more thrilling, immersive, and personalized experiences, while higher disposable incomes in various economies have bolstered spending on leisure activities. However, the growth of the amusement rides market is hampered by several challenges, including high initial investment costs, stringent safety regulations, and environmental concerns. On the other hand, new opportunities in the amusement rides market are emerging from incorporating augmented reality, virtual reality, and artificial intelligence with rides. These technologies enhance ride experiences and open avenues for personalization and interactivity, thus offering significant potential for market expansion. Additionally, the growing trend of incorporating educational and cultural themes into rides presents opportunities for diversifying appeal and attracting a broader audience.
In America region including, the United States and Canada, the amusement parks and rides market is characterized by high consumer spending on leisure activities, driven by a robust domestic economy and a significant influx of international tourists. The quest for innovative and thrilling rides accelerates the demand for cutting-edge technology, leading to substantial investments in VR and AR integration into amusement rides. In South America, the amusement rides market is witnessing gradual growth with countries such as Brazil and Argentina paving the way. Economic recovery and increasing disposable incomes are key factors contributing to market expansion. The European amusement rides market benefits from a rich history of fairs and amusement parks, making it a significant market. Innovations and renovations in iconic parks and the introduction of energy-efficient and eco-friendly rides are driving the market forward. Germany, France, and the UK are at the forefront, with an increasing number of tourists visiting their amusement parks annually. The Middle East and Africa (MEA) region shows promising growth, notably driven by the Middle East's investments in tourism and entertainment sectors. The United Arab Emirates, particularly Dubai, is at the epicenter of development, with a vision to become the foremost leisure destination. Africa, while still an emerging market for amusement rides, shows potential due to urbanization and an increasing middle class. The APAC region is experiencing the fast increase in the amusement rides market globally due to rising middle class, urbanization, and growing interest in family-oriented leisure activities. China and India significantly contribute to this growth, with substantial investments in theme parks and entertainment cities. Japan and South Korea contribute notably, with their unique blend of traditional and pop culture-themed attractions.
Market Segmentation & Coverage:
This research report categorizes the Amusement Rides Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Ride Type, market is studied across Dark Rides, Flat Rides, Interactive Rides, Roller Coasters, Transportation Rides, and Water Rides. The Water Rides is projected to witness significant market share during forecast period.
Based on Mechanism, market is studied across Gravity-Driven, Manual, and Motor-Driven. The Motor-Driven is projected to witness significant market share during forecast period.
Based on Target Audience Age, market is studied across 19 to 35 years, 36 to 50 years, 51 to 65 years, Above 65 years, and Up to 18 years. The Up to 18 years is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.24% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Amusement Rides Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Amusement Rides Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Amusement Rides Market, highlighting leading vendors and their innovative profiles. These include ABC Engineering AG, Amusement Devices Manufacturing, LLC, Antonio Zamperla S.p.A., Bolliger & Mabillard Inc., Chance Rides, LLC, Fabbri Group, Gerstlauer Amusement Rides GmbH, Great Coasters International, Inc., Intamin AG, MACK Rides GmbH & Co. KG, Majestic Manufacturing Inc., Maurer Rides GmbH, MOSER'S RIDES SRL, Pinfari Coaster Co. LTD. Srl, Premier Rides, qitele GROUP CO.,Ltd, Rocky Mountain Construction, S&S Worldwide, Sally Industries, Inc., Six Flags Entertainment Corporation, Sunkid GmbH, TECHNICAL PARK S.N.C., The Gravity Group, LLC, Vekoma Rides Manufacturing B.V. by Sansei Technologies Inc., and ZIERER Karussell‐ und Spezialmaschinenbau GmbH & Co. KG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Amusement Rides Market, by Ride Type
7. Amusement Rides Market, by Mechanism
8. Amusement Rides Market, by Target Audience Age
9. Americas Amusement Rides Market
10. Asia-Pacific Amusement Rides Market
11. Europe, Middle East & Africa Amusement Rides Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Amusement Rides Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Amusement Rides Market?
3. What is the competitive strategic window for opportunities in the Amusement Rides Market?
4. What are the technology trends and regulatory frameworks in the Amusement Rides Market?
5. What is the market share of the leading vendors in the Amusement Rides Market?
6. What modes and strategic moves are considered suitable for entering the Amusement Rides Market?
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