Amusement Parks in China - Industry Market Research Report

Amusement Parks in China - Industry Market Research Report

Amusement Parks in China

The number of amusement parks in China has been steadily increasing over the past five years, as households have looked for new and exciting ways to spend their leisure time and operators have improved their marketing and advertising strategies. However, due to the COVID-19 outbreak, all amusement parks had to cease operations in the first quarter of 2020. As a result, revenue for the Amusement Parks industry decreased to $4.8 billion in 2020, down by 4.3% from 2019. however, strict implementation of the requirements of epidemic prevention and control in China was lifted at the beginning of 2023 and will boost the passenger flow of amusement parks, industry sales revenue is expected to total $5.4 billion in 2023, up by 8.8% from 2022. Overall, industry revenue is expected to rise at an annualized 3.4% over the five years through 2023. Profit margins have decreased to 7.1% of industry revenue in 2023.

Operators in the Amusement Parks industry in China operate amusement parks with roller coasters, water slides and other amusement rides, and provide outdoor entertainment services. Parks offering activities such as golf, shooting, archery and horse racing are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.