Theme Parks Market Size - By Attraction Type (Thrill Rides, Family Rides, Shows & Entertainment, Themed Lands & Immersive Experiences), Age Group (Up to 18 Years, 19-35 Years, 36-50 Years, 51-65 Years, Above 65 Years), Revenue Source & Forecast, 2024 - 20

Theme Parks Market Size - By Attraction Type (Thrill Rides, Family Rides, Shows & Entertainment, Themed Lands & Immersive Experiences), Age Group (Up to 18 Years, 19-35 Years, 36-50 Years, 51-65 Years, Above 65 Years), Revenue Source & Forecast, 2024 - 2032

Global Theme Parks Market will witness over 5.5% CAGR between 2024 and 2032 due to the rising expansion efforts supported by investors. As investors increasingly recognize the profitability and long-term potential of theme parks, substantial capital is being allocated towards the development and enhancement of these entertainment hubs. This influx of investment is driving the construction of new parks and the expansion of existing ones, leading to the introduction of innovative attractions, cutting-edge technology, and immersive experiences. For instance, in June 2024, Imagination Edutainment India announced that it is set to expand KidZania indoor theme parks into major Indian cities.

The trend toward larger, more diverse theme parks caters to a broader audience, including families, thrill-seekers, and international tourists. As investor confidence remains high and consumer demand for unique leisure experiences grows, the theme parks market is poised for continued expansion and innovation, further solidifying its position as a major segment within the global entertainment industry.

The overall Theme Parks Industry value is classified based on the attraction type, age group, revenue source, and region.

Based on attraction type, the theme parks market revenue from the family rides segment will register a commendable CAGR from 2024 to 2032. These attractions, designed to cater to all age groups, enhance the appeal of theme parks by offering inclusive entertainment options that bring families together. Family rides such as gentle roller coasters, themed carousels, and interactive experiences ensure that everyone, from toddlers to grandparents, can enjoy the park. This focus on family-friendly attractions not only boosts visitor satisfaction but also encourages longer stays and repeat visits. As more families seek out enjoyable and memorable experiences, the market for theme parks featuring diverse family rides continues to grow, fueling overall industry expansion.

In terms of revenue source, the food and beverage segment will witness a noteworthy growth from 2024 to 2032. As parks evolve into all-day destinations, offering a wide range of dining experiences—from quick snacks to gourmet meals—enhances visitor satisfaction and extends their stay. Innovative food concepts, themed dining areas, and high-quality culinary offerings attract a broader audience and encourage higher spending. This focus on food and beverage not only complements the entertainment experience but also meets the evolving preferences of visitors seeking both enjoyment and convenience. As theme parks continue to enhance their culinary offerings, they see increased demand and revenue, reflecting the importance of dining in the overall park experience.

Europe theme parks market will exhibit a notable CAGR from 2024 to 2032. European consumers are increasingly seeking out theme parks that offer unique attractions, from thrilling rides to themed lands, catering to families and adventure-seekers alike. The expansion of existing parks and the development of new ones reflect this trend, driven by a desire for high-quality leisure activities and innovative experiences. Additionally, the focus on integrating cultural elements and offering seasonal events enhances the appeal. As European tourism continues to rebound and evolve, the theme parks market is set for continued growth and investment.