The increasing theme parks globally and the growing experiments in theme and amusements are enhancing the market growth during the forecast period. For instance, the 400 vegan products added lately in the menu at the theme parks in U.S. and many other improvements have been done to attract tourists which are also boosting the growth of the market. Additionally, the rising availability of innovative rides, different accommodation facilities and official merchandise in the amusement parks is also giving a boost to the market growth.
According to Data Bridge Market Research the Amusement Parks Market was valued at USD 48.80 billion in 2021 and is expected to reach USD 71.94 billion by 2029, registering a CAGR of 4.97% during the forecast period of 2022-2029.
“Increasing Lifestyle Trends and Disposable Income to Facilitate Market Growth”
Consumers globally are splurging more money currently to experience things than to buy them. The social media platforms play an essential role in the advertisement of theme based amusement parks and growing attraction of the population. Furthermore, the increasing disposable income of the population, particularly in the emerging economies such as India and China is also a factor driving the growth of the market during the forecast period 2022-2029. Therefore, the growth of amusement parks is contributed to changing lifestyle, cultural shift and increasing disposable incomes of the people. Thus, this factor boost the growth of the market.
What restraints the growth of Amusement Parks Market?
“Increasing Safety Concerns Associated With Amusement Parks”
The increasing concerns for safety is expected to pose as a challenge for the amusement parks market during the forecast period. The increasing cases of accidents because of ride malfunctions and the increasing ignorance of rules and regulations will further hinder the growth of the amusement parks market during the forecast period 2022-2029.
The amusement parks market is segmented on the basis of type, rides, gender, age group and revenue sources.
Asia-Pacific is expected to be the fastest developing region during forecast period of 2022 to 2029 because of the increase in the establishment of amusement parks within the region. Presence of numerous major market players such as Chimelong Ocean Kingdom, Shanghai Disneyland, Tokyo Disneyland, Hong Kong Disneyland, Universal Studios Singapore, and Universal Studios Japan.
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The Prominent Key Players Operating in the Amusement Parks Market Include:
Above are the key players covered in the report, to know about more and exhaustive list of amusement parks market companies contact, https://www.databridgemarketresearch.com/contact
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.