10/13/2016

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Press Release
MCP-1060: AMUSEMENT AND THEME PARKS A GLOBAL STRATEGIC BUSINESS REPORT
November 30, 2015 Economic Recovery & Growing Middle Class Population in Developing Regions

Complimentary Market Brief:

Drive the Amusement & Theme Park Market, According to a New Report by Global Industry

Request a Complimentary Copy of the

Analysts, Inc.

Report Insights, Key Findings, Drivers,

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size
and demand forecasts on the global Amusement and Theme Parks market. The global market for

Trends, Program Sources, and

Methodology.

Amusement and Theme Parks is forecast to reach US$44.3 billion by 2020, driven by the recovery in
leisure spending, rise in international tourism, and growth of the middle class population in emerging

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countries.
The global market for Amusement and Theme parks is on a steady growth path, as theme parks are
expected to remain one of the primary destinations for visitors and ride enthusiasts. New theme parks
being planned across Europe, Asia, and the Middle East are likely to provide new leisure opportunities
for people. Trends in consumer lifestyles, increasing household spending on outdoor activities, and
technology developments in animatronics, hydraulics and pneumatics that add hi-tech thrills to
entertainment rides, continue to redene growth in the theme parks industry. The growing base of
retired baby boomers devoted to leisure and recreation is forecast to emerge into a lucrative
consumer cluster for theme parks. The increase in baby boomer visitors is forcing theme park

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operators to focus on providing higher quality balanced family entertainment, unlike the hitherto
focus on aggressive rides for younger visitors. Use of simulation, virtual reality and augmented reality
technologies are gaining momentum. IoT-enabled wristbands, smart applications such as providing
predictive analytics based on peak trac and customer activities, customized mobile apps, and
projection of virtual tours as well as holiday-related promotions are some of outstanding IoT
technology based benets oered to theme parks visitors.
Rising concerns over theme park injuries and stringent safety standards are resulting in the
installation of safety systems, especially for entertainment rides. Innovative hi-tech coasters now
incorporate over a thousand sensors to evaluate the load, air pressure as well as weather conditions
prior to the launch of the carts. Future advancements are expected to focus on the use of advanced
robotics and automatically-guided vehicles (AGV). Regional parks are witnessing faster growth when
compared to destination parks, largely due to the availability of facilities and services such as
overnight accommodations and water parks. Park within a park concept and customer loyalty
programs are some of the other growth driving factors.
As stated by the new market research report on Amusement and Theme Parks, the United States
represents the largest market worldwide. Asia-Pacic led by China is expected to emerge as the fastest
growing market with a CAGR of 12.2% over the analysis period. The growth in the region is driven by
rising disposable incomes, opening of new theme parks by international players, and rise in the
number of middle class park visitors. Government focus on promoting tourism and entertainment in
emerging markets is expected to boost the growth in attendance and per capita spending on theme
parks. The Middle East led by UAE is expected to emerge as the major destination for Theme Parks by
2020, following increasing investment of international players on entertainment and leisure projects in
the GCC and UAE.
Key players covered in the report include Blackpool Pleasure Beach, Cedar Fair Entertainment
Company, Compagnie des Alpes, Efteling B.V., Everland, Leofoo Tourism Group, Lotte World, Merlin
Entertainments, MGM Resorts International, NBCUniversal Media, LLC, Nagashima Spa Land, Oriental
Land Company Ltd., Overseas Chinese Town Enterprises Co. (OCT Group), Parques Reunidos,
SeaWorld Parks & Entertainment, Inc., Six Flags Entertainment Corp., The Adventuredome, Universal
Studios, Walt Disney Company, Yokohama Hakkeijima Sea Paradise, among others.
The research report titled Amusement and Theme Parks: A Global Strategic Business Report
announced by Global Industry Analysts Inc., provides a comprehensive review of market trends,
growth drivers, product segment analysis, mergers and acquisitions, and other strategic industry
activities of global companies. The report provides market estimates and projections for major
geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia, and Rest of Europe), Asia-Pacic (China and Rest of Asia-Pacic), Middle East & Africa,
and Latin America.

http://www.strategyr.com/pressMCP1060.asp

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