Global Amusement Park Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Amusement Park Market 2021 (Includes Business Impact of COVID-19)
Global Amusement Park Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027 report has been recently generated by Trusted Business Insights, and offers in-depth insights, revenue details, and other vital information regarding the global amusement park market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global amusement park market report has been segmented on the basis of rides, parks age, revenue source, and region.
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This report is based on synthesis, analysis, and interpretation of information gathered from various sources regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective being to provide a holistic view of the target market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as current impact, in order to make informed forecasts about the scenarios in the near and distant future.

Introduction:

Amusement parks are extensive open-air entertainment spots that highlight different attractions, for example, rides & amusements, occasions for entertainment purposes, and other events. Amusement parks evolved from European fairs and picnic gardens which were made for recreation purpose. Worlds fairs and different kinds of worldwide expositions additionally impacted the rise of the amusement park industry. Amusement park caters to wide variety of age groups.

Dynamics:

The global amusement park market is projected to register significant growth over the forecast period, owing to the increase in international tourism, urbanization, and increasing disposable income among the middle-class population. In addition, ancillary revenue for amusement parks from the sale of food & beverages and merchandise through retail outlets and restaurants in the amusement park is also expected to drive growth of the global amusement park market over the forecast period. Moreover, increasing innovative rides, facilities for accommodation, and merchandise sale in amusement parks are gaining immense popularity among the visitors of different age groups and have resulted in the expansion of the size of the target audience. Such factors are expected to augment growth of the global amusement park market over the estimated time period. Moreover, innovative marketing strategies adopted by various players are expected to expand growth opportunities of the global market. In addition, facility to provide fascinating and adventurous experience through attractions despite unfavorable weather conditions is prompting the players to make significant investments decisions on the infrastructure of interior attractions.

on the other hand, the high cost of the tickets and merchandise sold inside the park are expected to affect growth of the global market over the forecast period.

Theme parks based on fictional characters have gained momentum in recent times and is expected to fuel growth of the global market and create opportunities for the players in the market in coming years. Universal Studios Orlando, Universal Studios Florida, Disney Land are few examples of famous theme parks

Analysis by Region:

The market in the Asia Pacific accounts for a major revenue share in the global amusement park market, owing to the presence of well-known players such as Universal Studios Singapore, Chimelong Ocean Kingdom, Shanghai Disneyland, Universal Studios Japan, and Hong Kong Disneyland. Europe market is expected to register substantial growth rate, owing to various upcoming theme park projects in the region. For instance, in 2019, Park of Poland, which is estimated to start its operations, would comprise of a water park named Suntago Water World, and worth approximately USD 171 million.


Below are the active patents related to Amusement Park Market.


Patent Number: US7484460B2

Amusement ride track with motion base

Abstract

An amusement ride has a track defining a ride vehicle path with a section of the track that can be decoupled from the main track and is subsequently movable on or about up to three axes with between one and six independent degrees of freedom.

Application File Date: 2005-09-30

Application Granted Date: 2009-02-03

Current Assignee: Universal City Studios LLC

Patent Number: US20150343317A1

Trackless dark ride vehicle, system, and method

Abstract

A motion assembly that produces pitch and roll motions includes lower and upper plates. A pivotable coupling having upper and lower shafts extending from its center is coupled between the upper and lower plates. At least two linear actuators are coupled between the plates. Extension and retraction of the actuators pivots the upper plate about the pivotable coupling relative to the lower plate. A vehicle includes two steerable propulsion wheels coupled to a chassis. A lower plate of a pitch and roll assembly, similar to that just described, couples to the chassis via a slew bearing. Seating is coupled to the upper plate. The seating rotates with respect to the chassis via controlled rotation of the slew bearing with reference to the chassis. The seating can be rotated to point in any direction with respect to the chassis regardless of the direction the steerable propulsion wheels move the chassis.

Application File Date: 2015-08-07

Application Granted Date: 2017-11-14

Current Assignee: Oceaneering International Inc

Patent Number: US20030114233A1

Facility management support apparatus, method, and medium for supporting management of visitors in facility area

Abstract

There is provided a facility management support apparatus which manages visitors in a facility area, the apparatus is characterized by comprising: place information storage unit storing the degree of crowdedness in each of places in the facility area; receiving unit receiving, from a terminal, information which enables identification of the location of the terminal; extraction unit extracting one of the places to which one of the visitors should move on the basis of the degree of crowdedness and the location of the terminal; and transmission unit transmitting, to the terminal, information which enables identification of the place to which the visitor should move.

Application File Date: 2002-03-26

Application Granted Date: 2006-11-21

Current Assignee: Fujitsu Ltd

Global Amusement Park Market Segmentation:

Segmentation by Rides:

  
Mechanical Rides
  
Water Rides
  
Others Rides

Segmentation by Parks Age:

  
Up to 18 Years
  
19 to 35 Years
  
36 to 50 Years
  
51 to 65 Years
  
More than 65 Years

Segmentation by Revenue Source:

  
Up to 18 Years
  
19 to 35 Years
  
36 to 50 Years
  
51 to 65 Years
  
More than 65 Years


Key Market Players included in the report:


  
Ardent Leisure Group
  
Cedar Fair Entertainment Company
  
Chimelong Group Co. Ltd
  
Comcast Corporation
  
Fantawild Holdings Inc. (Shenzhen Huaqiang Holdings Ltd.)
  
Ilyas Mustafa Galadari Group Theme Park Association
  
IMG Worlds of Adventure
  
Merlin Entertainments (The Blackstone Group)
  
Sea Park Entertainment Inc.
  
SeaWorld Parks & Entertainment Inc.
  
Six Flags Entertainment Corporation.
  
Walt Disney Company
  
Warner Media LLC