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Allied Market Research

Amusement Parks Market Type (Theme Parks, Water Parks , Amusement Parks, Others) Revenue Source (Tickets, Food & Beverages, Merchandise, Hotels & Resorts, Others) Rides (Mechanical Rides , Water Rides, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A07666
Pages: NA
Jun 2021 | 599 Views
 
Author(s) : NA
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Amusement parks are known to offer unique experiences to its customers. The one’s who seek for excitement and adrenaline rush in life often visit different amusement parks. Further, these are also known to make use of different themes, which attract the customer’s attention. This factor majorly boosts the growth of the amusement parks market. Also, rise in standard of living and the tendency of the people to spend on experiences further foster the market growth. In addition, increase in international tourism is another factor that makes way for lucrative growth opportunity for the market.

Market scope and structure analysis

            Report Metric

                                        Details

  Market Size Available for Years

  2020–2027

  Base Year Considered  

  2019

  Forecast Period

  2021–2027

  Forecast Units

  Value ($US)

  Segments Covered

  Type, Revenue Source, and Ride

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

  Companies Covered

Universal Parks and Resorts, Walt Disney Parks and Resorts, Merlin Entertainments, Six Flags Entertainment Corporation, Oriental Land Company Ltd., Shanghai Shendi Group, Freizeit- und Familienpark Mack KG, Euro Disney S.C.A., Efteling Nature Park Foundation and Ramoji Group

 

COVID-19 Scenario Analysis: 

  • Lockdown and social distancing observed worldwide is the major factor that restricts the growth of the entertainment and fun based industries.
  • Considering the COVID-19 situation, the tourism related activities are also put to hold, which is projected to limit the growth of the amusement parks market.
  • Despite the market being affected by the current situation, it is expected to experience slow growth, once lockdown is lifted, as people are expected to step out and enjoy. This is anticipated to boost the growth of the market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Exciting rides, museums, fun-based activities, accommodation facilities, along with innovative architecture, and merchandise attract people toward amusement parks. This increases the number of visitors to the amusement parks, which in turn boosts the market growth.

Some of the key sources of revenue for amusement parks are sale of merchandise and food & beverage products through outlets and food zone located inside the park. In addition, increase in urban based population, international tourism, and rise in of middle-class population’s disposable income contributes to the increase of the market share.

The global amusement parks market trends are as follows

Rise in Popularity of IoT-enabled Theme Parks

The increase in popularity of Internet of Things (IoT)-enabled theme parks is one of the important trends in the amusement parks market. The operations of the amusement parks are revolutionized with the use of Information of Things. It helps track and monitor various associated activities and manage large crowd at the park.

The IoT-based wristband functions as an entry pass for the visitors and possesses the capability to facilitate credit card transactions. These parks help parents to track their child’s movement with the help of sensors.

Special Entertainment Services in Amusement Parks:

To add differentiation in the services and to attract more visitors, the amusement parks offer varied types of entertainment services, which could be regular or seasonal. There are several amusement parks that organize musical plays, concerts, and other programs time and again to get maximum footfall.

To deliver the best results and to tell stories in better terms, technologies like AR and VR are also being used. For instance, many such experiences are being offered in California by VR Showdown in Ghost Town which is part of Knott’s Berry Farm.

Key Segments Covered:

                Segments            

                                 Sub-segments

  Type

  • Theme Parks
  • Water Parks
  • Amusement Parks
  • Others

  Revenue Source

  • Tickets
  • Food & Beverages
  • Merchandise
  • Hotels & Resorts
  • Others

  Rides

  • Mechanical Rides
  • Water Rides
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global amusement parks industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global amusement parks market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global amusement parks market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global amusement parks market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Amusement Parks Market Research Report:

  • What are the leading market players active in the amusement parks market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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