Global Amusement Parks Market size was valued at US$ 63.90 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.2% from 2022 to 2029, reaching nearly US$ 103.39 Bn.
Amusement Parks Market Overview:
The report analyses the global Amusement Parks market in depth, accurately, and comprehensively, with a focus on market dynamics, market competition, regional growth, segmental analysis, and important growth plans. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Experts create comprehensive and precise marketing research reports using the most up-to-date Amusement Parks Market research techniques and technology. This analysis covers a wide range of industry verticals as well as a thorough examination of the Amusement Parks market size and share.
The report covers depth analysis of demand projections, market trends, and micro and macro variables. This research also identifies the factors that are driving and restricting the market's growth. The research's MMR Matrix provides existing and new market participants with information on potential investment opportunities. The research uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Amusement Parks market to provide market insights. In addition, the research examines current market trends as well as forecasts for the years 2022-2029. The analysis also identified key upcoming developments that will influence demand over the forecasted period.
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The varied methods that theme parks run reflect the IoT revolution. This technology aids in monitoring, tracking, and managing all of the events as well as crowd management at the park. The IoT wristband also functions as an entry ticket for visitors and as a passport-like gadget that accepts credit card payments. IoT-enabled educational theme parks have sensors that let parents monitor their children's whereabouts at all times.
By examining market categories and estimating market size, the reports also aid in understanding the dynamics and organisational structure of the global theme parks industry. The study serves as an investor's guide with its clear depiction of competition analysis of major companies by Distribution Channel, price, financial situation, product portfolio, growth strategies, and regional presence in the market for amusement parks.
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The ## market is dominated by the following businesses:
- • Cedar Fair Entertainment Company
• The Walt Disney Company
• Merlin Entertainments
• SeaWorld Parks & Entertainment
• Disney Parks and Resorts
• Universal Studios Theme parks
• Six Flags Entertainment Corporation
• OTC Parks China
• Shanghai Disneyland
• Tokyo Disneyland
• Hong Kong Disneyland
• Ardent Leisure Group
• Chimelong Group Co. Ltd
• Comcast Corporation
• Fantawild Group
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The regional overview of market research for Amusement Parks also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
COVID-19 Impact Analysis on Amusement Parks Market:
Owing to a halt in operations, the growth of end-user industries using Amusement Parks decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Amusement Parks manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market's expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Amusement Parks has been severely decreased.
Key Questions Answered in the Amusement Parks Market Report are:
- Which market segment accounted for the most percentage of Amusement Parks in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Amusement Parks market's growth?
- Which region dominates the Amusement Parks market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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