Global Theme Parks Market Overview:
The theme park also called Amusement park and Entertainment Park. It is a place where most attractive and thrilling entertainment activities and are available including mechanical rides, water rides, and others. It is the center of the park, rides, video games, entertainment, and food. A dark ride, drop tower, pendulum ride, roller coaster, simulator ride, swing ride, and water ride these are rides of theme parks. Some of the key players profiled in the study are Walt Disney Attractions (United States), Merlin Entertainments Group (United Kingdom), Universal Studios Recreation Group (United States), Oct Parks (China), Six Flags Inc. (United States), Cedar Fair Entertainment Company (United States), Chimlong Group (China), Parques Reunidos (Spain), Compagnie Des Alpes (France) and Leofoo tourism group (Taiwan). According to Market Analyst at AMA, the Global Theme Parks market may see a growth rate of 8.7%
On the basis of geography, the market of Theme Parks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Revenue Source Outlook, the sub-segment i.e. Ticket will boost the Theme Parks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age, the sub-segment i.e. Up to 18 years will boost the Theme Parks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rides, the sub-segment i.e. Water will boost the Theme Parks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase Middle Class Population
- Increasing Number of Baby Boomer Visitor
- Government Support for Promoting Tourism and Entertainment
- Growing Popularity of Virtual Theme Park
- Adoption of Outdoor Activities
- Rising Adventurist Attitude
- More Time is needed for Manufactures
- High Maintenance Cost
- Technological Advancement in Emerging Country
- Introduction of Wristband is an IoT-enabled Band for Management and Tracking
- Seasonal Nature of Theme Parks
Major Market Developments:
On 20th June 2018, The Walt Disney Company has acquired Twenty-First Century Fox, Inc. The deal was established for 38 dollar per share in cash and stock for expansion of Business.
On 22nd May 2018, Six Flags Entertainment Corporation, the world’s largest regional theme park company has acquired lease rights to operate five parks owned by EPR Properties. The five parks are Wet n’ Wild Splashtown, Houston’s largest waterpark, Wet n’ Wild Phoenix, the largest waterpark in Arizona , Darien Lake near Buffalo, Frontier City, an iconic part of the Oklahoma City and White Water Bay, near Frontier City.
Theme Park Equipment Manufacture, Theme Park Equipment Suppliers, Theme Park Vendors, Potential Investors, Tourism Industries, Downstream Vendors, Government and Private Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Theme Parks market on the basis of product [Amusement Type, Scenario Simulation and Theme Type] , application [Millennial, Generation X, Baby Boomers and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Theme Parks market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Theme Parks industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Fantawild Group (China), MGM Resort International (United States) and yokohama hakkeijima sea paradise (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Theme Parks market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.