Amusement Parks Market Demand, Analysis and Overview Till 2025

Posted on 2021-07-27 by researchinsights in Automotive // 0 Comments

Felton, California , USA, July 27 2021 — /EPR Network/ — The report on the Amusement Parks market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the foremost important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely on before investing. It furnishes with an inexpensive examination of the marketplace for better decision-making and assessment to put resources into it. The report analyses the weather and a whole detailed outlook of the foremost players that are likely to feature to the demand within the worldwide Amusement Parks market within the upcoming years.

Main features of the report:

To provide detailed analysis of the market structure together with forecast of the varied segments and sub-segments of the world Amusement Parks Market.
A perfect background analysis, which has an evaluation of the parent market.
Important changes in market dynamics
Track and analyse competitive developments like joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments within the global Amusement Parks Market.
Emerging niche segments and regional markets

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The global amusement parks market is projected to reach USD 70.83 billion by 2025 and registering a CAGR of 5.8% during the forecast period, from 2018 to 2025, according to a new report by Million Insights. Growing developments of resorts and hotels in parks and rising spending capacity of consumers across the globe are the major factors driving the market growth. Moreover, amusement parks are attracting visitors, as they include different entertainment options for families and offer live entertainment shows, multiple rides, and different theme-based attractions for the entire family of all age groups. Additionally, factors such as excellent hospitality and disability access are expected to further drive the market growth.

The rapid growth of amusement parks in Asia Pacific and Europe is a key factor influencing the market growth. For example, Disney’s theme parks are present across the globe and these parks attract millions of visitors each year. As per Themed Entertainment Association (TEA), in 2017 Tokyo Disneyland received 16.8 million visitors and Disneyland California received 18.3 million visitors.

Amusement parks are an integral part of the leisure and entertainment industry. The rapid evolution of social and economic landscape and demographic changes are driving the market growth. For example, as per IAAPA, children below 18 age are not allowed for rides in the U.S. which include inversions and loops. Hence, several parks introduced thrilling and adventurous rides for adults.

The amusement park market is highly competitive in nature due to the presence of established players, thereby, new entrants are facing challenges to enter this market. Climatic factors, land procurement, and high capital investment are some obstacles facing by new entrants.

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