Amusement parks market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period. The growing tourism sector along with the development of new amusement parks are key factors driving the growth of the global amusement parks market. For instance, in May 2023, Saudi Arabia announced the development of 24 theme parks, 420 entertainment centres, and the creation of 35 entertainment-based venues. The kingdom expects to attract over 100 million visitors annually by 2030, with combined efforts by the tourism, private, and public sectors. Additionally, according to the government authorities, licenses for 24 theme parks and over 420 entertainment centres have been issued in line with Saudi Arabia’s Vision 2030.
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However, the high installation costs associated with building amusement parks is one of the major factor that may restrain the growth of the market globally. In May 2023, a four-year-old girl died from suffocation while playing inside an inflatable bouncy castle as supervising staff members were allegedly distracted by their mobile phones. Such tragic incidents may act as a challenge to the market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Amusement Parks Market Report Segment
By Type
- Theme Park
- Water Park
- Amusement Arcades
By Ride
- Land Rides
- Water Rides
- Others
By Source of Revenue
- Hotels/ Resorts
- Tickets
- Food and beverages
- Merchandise
- Others
Global Amusement Parks Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global amusement parks market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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