Amusement Parks Market Size Worth $105.83 Billion By 2032 | CAGR: 5.4%

The global amusement parks market size is expected to reach USD 105.83 billion by 2032, according to a new study by Polaris Market Research. The report “Amusement Parks Market Share, Size, Trends, Industry Analysis Report, By Age, By Rides (Water Rides, Mechanical Rides, Other Rides), By Revenue Source (Tickets, Food & Beverages, Merchandise), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is anticipated to experience growth due to the increasing presence of hotels and resorts within park premises, coupled with the rising disposable income of consumers. Amusement parks are attractive to visitors because they provide entertainment options suitable for the entire family, featuring a variety of theme-based attractions, live entertainment shows, and diverse rides catering to people of all ages. Additionally, amenities such as disability access and exceptional hospitality further enhance the appeal of amusement parks, attracting a wide range of visitors.

Disney's theme parks are strategically located across various continents and draw millions of visitors annually. For instance, in 2017, Disneyland California welcomed 18.3 million visitors, and Tokyo Disneyland received 16.8 million visitors, as reported by the Themed Entertainment Association (TEA). This global presence and high visitor numbers contribute to the positive trajectory of the market.

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Amusement parks play a vital role in the global entertainment and leisure industry, which encompasses water parks, amusement parks, & theme parks. The market for these parks is significantly influenced by demographic shifts and rapid changes in the economic and social landscape. For example, regulations like those set by IAAPA in the U.S., which restrict certain rides for children under 18, have led many parks to focus on creating thrilling and adventurous rides specifically designed for adults.

This strategic shift has not only made amusement parks more appealing to children but has also attracted a wider audience, including adults and their families. The industry has adapted to these age-based demographic changes to cater to the preferences of both younger generations and their parents, ensuring a diverse and engaging experience for visitors of all ages.

Market is characterized by the dominance of established key players, making it difficult for new entrants to establish their presence. This challenge arises due to several factors, including the need for substantial capital investment, acquiring suitable land for park construction, the impact of climatic conditions on visitor numbers, and the uncertainty associated with the success of the business venture. These hurdles pose significant challenges for newcomers, making it a competitive and challenging environment to enter and thrive in.

Amusement Parks Market Report Highlights

• 19 to 35 yrs segment likely to witness the highest growth rate, primarily due to presence of youngsters seeking theme-based entertainment   
• Hotel & resorts segment will grow rapidly, due to establishment of theme-based staycations for the high-net-worth visitors
• North America expected to be leading region, owing to presence of big players with capital investment in the region
• The global players include Cedar Fair Entertainment, Disney, Comcast, Chimelong Group, Ardent Leisure, Fantawild Holdings, Merlin Entertainments, & SeaWorld Parks

Polaris Market Research has segmented the amusement parks market report based on ride type, age, revenue source, and region:

Amusement Parks, Ride Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Mechanical Rides
• Water Rides
• Others

Amusement Parks, Age Outlook (Revenue - USD Billion, 2019 - 2032)

• 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 - USD Billion, 2019 - 2032)

• Ticket
• Food & beverage
• Merchandise
• Hotels/Resorts
• Others

Amusement Parks, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Amusement Parks Market Report Scope