The global amusement parks market size is expected to reach USD 91.31 billion by 2030, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 6.2% from 2023 to 2030. Rising introduction of hotels and resorts in parks premises and increasing spending capacity of consumers is expected to stimulate the growth of the market. Moreover, amusement parks are appealing to visitors since they offer entertainment options for the entire family and include multiple theme-based attractions, live entertainment shows, and various rides for people of all age groups. In addition, disability access and excellent hospitality are other factors that draw people to amusement parks.
Rapid expansion of the global amusement parks market, especially in Europe and Asia Pacific, is also one of the primary factors positively influencing market growth. For instance, Disney’s theme parks are established across the globe in different continents. Additionally, such parks attract millions of visitors every year. According to the Themed Entertainment Association (TEA), Disneyland California received 18.3 million visitors while Tokyo Disneyland received 16.8 million visitors in 2017.
Amusement parks are an essential part of the global entertainment and leisure industry. The latter is categorized into water parks, amusement parks, and theme parks. 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.
The market is marked by presence of key players, owing to which new entrants face challenges to enter the market. Significant capital investment, land procurement, climatic factors, and uncertainty about business success are some of the roadblocks in the growth of the market.
Request a free sample copy or view report summary: Amusement Parks Market Report
The water rides segment is expected to grow significantly at a CAGR of 5.3% over the forecast period
The 19 to 35 years age segment is likely to emerge as the fastest growing segment during the forecast period owing to presence of youngsters in this age group
The 35 to 50 years age segment also holds sizeable share in the market. Amusement parks organize entertainment shows, ferry rides, and vintage theme-based activities in order to attract visitors from this age group
The hotels & resorts segment is expected to post the highest CAGR during the forecast period owing to increasing investments from park owners to establish theme-based hotels and resorts for visitors. Availability of hotels & resorts within premises of park leads to visitors spending more time at the park
North America was the leading regional market in 2022. It is anticipated to register a significant growth rate during the forecast period. The growth of the market can be attributed to domicile of prominent players in the region
Grand View Research has segmented the global amusement parks market based on rides, age, revenue source, and region
Amusement Parks Rides Outlook (Revenue in USD Million, 2018 - 2030)
Amusement Parks Age Outlook (Revenue in USD Million, 2018 - 2030)
Up to 18 years
19 to 35 years
36 to50 years
51 to 65 years
More than 65 years
Amusement Parks Revenue Source Outlook (Revenue in USD Million, 2018 - 2030)
Food & beverage
Amusement Parks Regional Outlook (Revenue in USD Million, 2018 - 2030)
Middle East and Africa
List of Key Players of Amusement Parks Market
Cedar Fair Entertainment Company
Chimelong Group Co., Ltd
Ardent Leisure Group Limited.
Fantawild Holdings Inc.
IMG Worlds of Adventure
SeaWorld Parks & Entertainment, Inc.
Warner Media, LLC.
GET A FREE SAMPLE
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
"The quality of research they have done for us has been excellent..."