The global amusement parks market refers to the collective industry encompassing a diverse array of entertainment venues and attractions designed to provide recreational experiences for visitors. These parks typically feature a combination of thrilling rides, themed areas, shows, and various amenities, creating an immersive and entertaining environment. Traditional amusement parks drive the market and include water parks, theme parks, and family entertainment centers. Its scope extends across regions, catering to a broad demographic ranging from children and families to thrill-seekers and tourists. The industry constantly evolves with technological advancements and innovative attractions, contributing to its dynamic nature. Market dynamics are influenced by factors such as consumer preferences, economic conditions, and travel trends, making stakeholders need to adapt to changing demands and continue offering unique and engaging experiences to remain competitive in this global entertainment landscape.
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Data Bridge Market Research analyzes that the Global Amusement Parks Market is expected to reach USD 87,692.16 million by 2031 from USD 63,593.26 million in 2023, growing with a substantial CAGR of 4.1% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increase in Amount of Disposable Income
The growing per capita income increases the disposable income of consumers, which is expected to drive the market's current boom, changing the dynamics of the sector as of this phenomenon, customers are spending a greater percentage of their income on leisure and entertainment.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Theme Park, Water Park, and Amusement Arcades), Rides (Mechanical Rides, Water Rides, and Others), Gender (Female and Male), Age Group (Up to 18 Years, 19-35 Years, 36-50 Years, 51-65 Years, and More Than 65 Years), Revenue Sources (Ticket, Food & Beverages, Hotels/Resorts, Merchandise and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia & New Zealand, South Korea, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Disney (U.S.), Universal Studios (U.S.), Merlin Entertainments (U.K.), Universal Orlando Resort (Florida) (U.S.), SeaWorld Parks & Entertainment, Inc (U.S.), Cedar Fair Entertainment Company (U.S.), Six Flags (U.S.), The Lego Group (Denmark), Samsung C&T Corporation (South Korea), Universal Studios Singapore (Singapore), Universal Beijing Resort (China), Fantawild Holdings Inc. (China), IMG Worlds of Adventure (U.A.E.), Coast Entertainment Holdings Limited (Ardent) ( Australia), NAGASHIMA RESORT (Japan), Universal Studios Hollywood (U.S.), Universal Studios Japan (Japan), Chimelong Group Co., Ltd.( China), Hong Kong Disney (China), Shanghai Disney Resort (a Subsidiary of Disney) (China), Tokyo DisneySea (a Subsidiary of Disney) (Japan), Tokyo Disneyland (a Subsidiary of Disney) (Japan), and Walt Disney World Theme Magic Kingdom (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
The global amusement parks market is segmented into five notable segments which are on the basis of type, rides, gender, age group, and revenue sources.
- On the basis of type, the market is segmented into theme park, water park, and amusement arcades
In 2024, the theme park segment is expected to dominate the global amusement parks market
In 2024, the theme park segment is expected to dominate the market with a 47.87% share due to its immersive and diversified offerings, attracting a broad audience.
- On the basis of rides, the market is segmented into mechanical rides, water rides, and others
In 2024, the mechanical rides segment is expected to dominate the global amusement parks market
In 2024, the mechanical rides segment is expected to dominate the market with a 51.75% share due to its widespread appeal, offering a diverse range of thrilling experiences that cater to a broad audience.
- On the basis of gender, the market is segmented into female and male. In 2024, the female segment is expected to dominate the market with a 58.09% share
- On the basis of age group, the market is segmented into up to 18 years, 19-35 years, 36-50 years, 51-65 years, and more than 65 years. In 2024, the up to 18 years segment is expected to dominate the market with a 37.77% share
- On the basis of revenue sources, the market is segmented into ticket, food & beverages, hotels/resorts, merchandise, and others. In 2024, the ticket segment is expected to dominate the market with a 38.76% share
Major Players
Data Bridge Market Research analyzes Disney (U.S.), Universal Studios (U.S.), Merlin Entertainments (U.K.), SeaWorld Parks & Entertainment, Inc (U.S.), Cedar Fair Entertainment Company (U.S.) as major market players in the global amusement parks market.
Market Development
- In December 2023, Disney Cruise Line inaugurated a new cruise terminal at Port Everglades. In addition, the company revealed new community investments in Junior Achievement South Florida and Boys & Girls Clubs of Broward County. These strategic collaborations underline the significance of community partners, such as Disney Cruise Line, in empowering today's youth. Their support extends beyond financial contributions, representing an investment in the next generation. The collaboration also opens avenues for Disney Cruise Line cast and crew, on land and at sea, to volunteer as mentors and engage with local students through educational programs
- In November 2023, Disney unveiled its 'Zootopia' themed land in China last December. The new attraction, featuring rides and restaurants, is part of Disney's USD 60 billion investment in global theme parks and resorts. The move aims to capitalize on China's growing appetite for domestic travel. Among the highlights is the thrilling 'Hot Pursuit' ride, where visitors join Officer Judy Hopps and Nick Wilde on a police chase to rescue kidnapped pop star Gazelle at Shanghai Disneyland Resort
- In November 2023, Cedar Fair Entertainment Company and Six Flags merged successfully, forming a leading amusement park operator. In this equal merger, Cedar Fair unitholders own approximately 51.2%, and Six Flags shareholders own about 48.8% of the new combined company's fully diluted share capital. As part of the transaction, Six Flags declared a special cash dividend of USD 1.00 per outstanding share, totaling around USD 85 million, one business day before the merger's completion. This benefits the company to expand its product portfolio of 42 Iconic Parks and 9 Resort Properties Across 17 States, Canada, and Mexico
- In September 2023, Cedar Fair Entertainment Company secured three accolades at Amusement Today’s Golden Ticket Awards. Schlitterbahn Waterpark in New Braunfels, Texas, clinched the prestigious "World’s Best Water Park" title for a record-breaking 25th time. Renowned for its distinctive spring-fed river ambiance and German heritage, Schlitterbahn's 51 attractions spanning 70 acres continue to make it a beloved and unparalleled family waterpark and resort destination. This benefits the company by boosting its image in the market and attracting more customers
- In October 2023, Disney unveiled the world's inaugural Frozen-themed Land in Hong Kong, part of its expansive USD 60 billion investment in parks and resorts globally. The World of Frozen, inaugurated on November 20, meticulously replicated Arendelle's landmarks, including Elsa’s Ice Palace. Visitors experienced two rides—a boat journey through a winter wonderland with movie soundtracks and a sleigh-themed roller coaster. The attraction also featured a restaurant offering Nordic-inspired cuisine. This benefits the company by attracting more customers
Regional Analysis
Geographically, the countries covered in the global amusement parks market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia & New Zealand, South Korea, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is expected to be dominant and fastest region in the global amusement parks market
The North America region is expected to dominate and fastest region in market due to high disposable income, long family car trips and iconic theme parks built by industry giants, deep-rooted family entertainment culture coupled with readily available land, and a thriving tourism industry.
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