Technavio, a tech-focused market research firm, has published a new report on the global amusement park market by equipment, which is expected to grow at a CAGR of more than 8% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global amusement part market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global amusement part market are elaborated below
Amusement park market in the Americas: The market for amusement parks in the Americas is led primarily by the US. Most key vendors in the market, such as Cedar Fair Entertainment, SeaWorld Parks & Entertainment, Universal Parks & Resorts, and Walt Disney Parks and Resorts are based in North America. During the forecast period, the growth of the tourism sector in South America is likely to drive the growth of the amusement park in the Americas.
According to Ujjwal Doshi, a lead analyst at Technavio, specializing in research on consumer electronics, “Several theme parks are shifting their focus toward audience of different age groups, other than 0-14, to generate more revenue. Theme parks are creating more attractions and rides to target a larger, broader audience.”
Amusement park market in APAC: In 2016, the amusement park market in APAC was primarily driven by the Chinese population traveling internationally for adventure sports and amusement parks. The addition of new amusement and theme-based parks in China is also an incentive for the growth of the market in this region. In the coming years, the amusement park in APAC is projected to experience substantial growth owing to the global economic growth and expanding middle-class group, in terms of both education and youth population.
Amusement park market in EMEA: Countries such as the UK, France, Germany, and Spain, which are popular destinations for paragliding, kite surfing, and hiking on mountains and glaciers, are the key revenue generators in the amusement park market in EMEA. Walt Disney Parks and Resorts were the key players in the market in this region during 2016.
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The top vendors operating in the global amusement park market are:
- Cedar Fair Entertainment
- Merlin Entertainments
- SeaWorld Parks & Entertainment
- Universal Parks & Resorts
- Walk Disney Parks and Resorts
Other prominent vendors in the market include Beto Carrero World, Chimelong Paradise, Efteling, Europa-Park, Lotte World, Ocean Park, OCT Parks, Parque Mundo Aventura, Experiencias Xcaret Parque, Samsung C&T Resort Group, Six Flags Entertainment, and Tivoli Gardens.
A more detailed analysis is available in the Technavio report titled, ‘Global Amusement Park Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Board Games Market 2017-2021
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