How Different Theme Based Parks Increasing the Growth of the Market?

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.

Segmentation: Global Amusement Parks Market

The amusement parks market is segmented on the basis of type, rides, gender, age group and revenue sources.

  • On the basis of type, the amusement parks market is segmented into theme parks, water parks, amusement arcades.
  • Based on rides, the amusement parks market is segmented into mechanical, water, and others.
  • On the basis of gender, the amusement parks market is segmented into male, female.
  • Based on age group, the amusement parks market is segmented into up to 18 years, 19-35 years, 36 to 50 years, 51 to 65 years, more than 65 years.
  • On the basis of revenue sources, the amusement parks market is segmented into hotels/resorts, merchandise, food and beverages, ticket, others.

Regional Insights: North America is expected to dominate the Amusement Parks Market

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.

  • In addition, North America will dominate the amusement parks market due to the maximum incidence and number of amusement parks in the U.S. and Canada. Growing technological advancements to sustain competition along with the establishment of numerous types of accommodation facilities are projected to increase the growth in this region.

To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-amusement-parks-market

Recent Developments in Amusement Parks Market

  • In 2019, Park of Poland started a Suntago Water World water park worth EUR 150 million. The Suntago Water World is predicted to include 30 diverse water slides, spa complex, wave pools, pools, mineral pools, and thermal health bath. Moreover, the water park is projected to create 600 new job opportunities.

The Prominent Key Players Operating in the Amusement Parks Market Include:

  • Ardent Leisure (Australia)
  • Cedar Fair Entertainment Company (U.S.)
  • Cedar Fair Entertainment Company (U.S.)
  • The Walt Disney Company (U.S.)
  • SeaWorld Parks & Entertainment, Inc. (U.S.)
  • Six Flags Entertainment Corporation. (U.S.)
  • Merlin Entertainments (U.K.)
  • Fantawild (China)
  • IMG Worlds of Adventure (UAE)
  • Disney Parks, Experiences and Products (U.S.)
  • Universal Theme Parks (U.S.)
  • Six Flags (U.S.)
  • Shanghai Disneyland Park (China)
  • Tokyo Disneyland (Japan)
  • Comcast (U.S.)

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

Research Methodology: Global Amusement Parks Market

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.