Amusement Parks Market By Type (Theme Parks, Water Parks, Adventure Parks, Zoo Parks) , By Ride (Mechanical Ride, Water Ride, Others) By Revenue Source (Tickets, Food & Beverage, Merchandise, Hotel & Resorts, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2034
Amusement Parks Market
The amusement parks market was valued at $69.2 billion in 2023 and is projected to reach $138.7 billion by 2034, growing at a CAGR of 6.8% from 2024 to 2034.
An amusement park is a recreational zone that comprises rides, shops, restaurants, themed attractions, games, and shows in a self-contained area. Such parks are typically designed over the theme of a fictional concept to offer an immersive entertaining experience to the visitors. Different types of amusement parks include regional parks, water parks, theme parks, destination parks, and adventure parks.
Increase in tourism across the globe is a key driver of the amusement parks market. In addition, to promote enjoyable family outings, the concept of amusement parks is acquiring notable traction. Furthermore, as the amusement parks have initiated the hosting of seasonal celebrations & festivities such as Christmas and Halloween, the market development is being augmented considerably. To align with the trend of sustainability, the adoption of eco-friendly practices is gaining prominence in the amusement parks market. Accomplishing energy requirements through renewable sources, waste reduction programs, eco-friendly transportation, and creation of areas imitating natural habitat are some of the practices being embraced to attract environmentally conscious customers.
However, the operation of amusement parks requires significant capital for safety and maintenance, resulting in expensive entry tickets. This deters the budget-sensitive consumer base from visiting these recreational areas and restrains the development of the market. Moreover, seasonal business for the parks results in fluctuating revenue generation, which hampers the market growth. On the contrary, explorations to offer real-life experience to visitors are expected to present lucrative opportunities for the market. For instance, several amusement parks such as The Super Nintendo World at Universal Studios have seamlessly integrated gamification technology into their video games, offering visitors a life-size gaming experience.
Segment ReviewThe amusement parks market is segmented into type, ride, revenue source, and region. On the basis of type, the market is divided into theme parks, water parks, adventure parks, and zoo parks. As per ride, it is classified into mechanical ride, water ride, and others. Depending on revenue source, it is categorized into tickets, food & beverage, merchandise, hotel & resorts, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the theme parks segment held a high share of the market in 2023.
As per ride, the mechanical ride segment acquired a high stake in 2023.
Depending on revenue source, the tickets segment dominated the market share in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe major players of the global amusement parks market include Ardent Leisure Group Limited, Aspro Parks Inc., Cedar Fair Entertainment Company, Comcast Corporation, Fantawild Holdings Inc., Merlin Entertainments Group, Overseas Chinese Town Limited, SeaWorld Parks & Entertainment (United Parks & Resorts Inc.), Six Flags Group, and Walt Disney Parks and Resorts. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeTheme Parks
Water Parks
Adventure Parks
Zoo Parks
By RideMechanical Ride
Water Ride
Others
By Revenue SourceTickets
Food Beverage
Merchandise
Hotel Resorts
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersArdent Leisure Group Limited
Aspro Parks Inc.
Cedar Fair Entertainment Company
Comcast Corporation
Fantawild Holdings Inc.
Merlin Entertainments Group
Overseas Chinese Town Limited
SeaWorld Parks & Entertainment (United Parks & Resorts Inc.)
Six Flags Group
Walt Disney Parks and Resorts Worldwide