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A new report exploring the market dynamics of the global amusement and theme park industries estimates the sector to grow to $85bn in the next five years
Lauren Heath-Jones | Planet Attractions | 01 Feb 2023
The increase was attributed to significant growth in the travel and tourism industries and increased adoption by operators of technologically advanced solutions Credit: Canva
A new report has predicted that the global amusement and theme parks market will be worth US$85bn (€78bn, £69bn) by 2028.
The report - titled ‘Global Amusement Parks Market Size by Type of Amusement Parks, by Rides, by Age Group, by Revenue Sources, by Geographic Scope and Forecast ’ - found that the market, which was estimated to be worth US$54.9bn (€50.4bn, £44.5bn) in 2022, is set to grow by a compound annual growth rate (CAGR) of 6.06% over the next five years.
Published by Verified Market Research, the report explored several market dynamics, including buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes and degree of competition.
It comes after the release of the ‘Amusement Parks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Report 2022 - 2027’ report, which analysed several market segments, including theme parks, water parks, arcades, rides, hotels and resorts.
That report attributed the market’s projected growth to several factors, including rapid urbanisation, significant growth in the travel and tourism industries and increased adoption by operators of technologically advanced solutions.
Other contributing factors include rising disposable income and consumer expenditure capacities on entertainment, as well as increasing investment in the development of new attractions including 4D rides and rollercoasters.
The report also analysed the competitive landscape of the market and identified several key players including The Walt Disney Company, Comcast, Warner Media, SeaWorld Parks & Entertainment, Merlin Entertainments, Chimelong Group, Fantawld Holding and IMG Worlds of Adventure.
Theme park
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