Global Theme Parks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Theme Parks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The theme park is a roller coaster and water ride for recreational facilities such as tourist attractions. They usually contain a variety of different types of rides, as well as shops, restaurants and other entertainment venues. The theme park is suitable for adults, teenagers and children.

Market Overview:

The latest research study on the global Theme Parks market finds that the global Theme Parks market reached a value of USD 68580.0 million in 2022. It’s expected that the market will achieve USD 84700.0 million by 2028, exhibiting a CAGR of 3.58% during the forecast period.

Opportunities

Demographic changes and rapid evolution of economic and social landscape are shaping the amusement park market. For instance, according to IAAPA, in the U.S., children below the age of 18 are not allowed on rides that include loops and inversions. Owing to this, various parks have introduced adventurous and thrilling rides for adults. This has resulted in popularity of amusement parks not only among kids but also among adults. This change in the age-based demographic aspect was undertaken by the industry to attract youngsters and their parents.
One of the main trends we’ll see within theme parks in the future, is the use of technology to create immersive experiences. Artificial Intelligence (AI) will advance to the point that it is able to converse with visitors and combine its understanding with technologies such as Virtual Reality. It will then tailor the attraction to the needs of the consumer at specific points throughout their journey.

Augmented Reality (AR) and Virtual Reality (VR) will also be used as standalone technologies to further the immersive experience. Six Flags now uses VR in multiple parks across the U.S. and last year Alton Towers launched the world’s first fully dedicated VR rollercoaster, Galactica.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are The Walt Disney Company, NBCUniversal Media, LLC and Overseas Chinese Town Enterprises. with the revenue market share of 35.47%, 9.93% and 4.95% in 2018.

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with the following business segments: Media Networks; Parks, Experiences and Products; Studio Entertainment; and Direct-to-Consumer and International.

NBCUniversal Media, LLC, a media and entertainment company, develops, produces, and distributes entertainment, news and information, sports, and other content for audiences worldwide. Its Cable Communications segment offers high-speed Internet, video, voice, and security and automation services to residential customers under the Xfinity brand; and sells advertising. The company’s Cable Networks segment operates national cable networks that provide a range of entertainment, news and information, sports content, regional sports and news networks, international cable networks, and cable television studio production, such as USA Network, E!, Syfy, MSNBC, CNBC, Bravo, NBC Sports Network, Oxygen, Golf Channel, Universal Kids, The Olympic Channel, and CNBC World.

Segmentation Overview:

Among different product types, Theme Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Millennial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Theme Parks market covered in Chapter 3:

The Walt Disney Company
Chimelong Group Co., Ltd
SeaWorld Parks & Entertainment
Merlin Entertainments plc
NBCUniversal Media, LLC
Overseas Chinese Town Enterprises
Six Flags Entertainment Corporation
Cedar Fair Entertainment Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Theme Parks market from 2018 to 2029 is primarily split into:

Amusement Type
Sightseeing Type
Theme Type
Scenario Simulation and Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Theme Parks market from 2018 to 2029 covers:

Millennial
Generation X
Baby Boomers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)