Oct 21, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to IMARC Group's latest report, titled "Amusement Parks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,". Looking forward, IMARC Group expects the global amusement parks market to exhibit moderate growth during the next five years.
Amusement parks are open-air recreational and entertainment zones based on fictional characters and themes. They are commercially operated extensions to fairs and picnic gardens and offer various amusement activities, such as mechanical rides, water parks, theme parks, arcades, casinos, sports betting facilities, hotels, resorts, and refreshment zones. Amusement parks also include theatrical plays, immersive cinematic experiences with high-definition (HD) music and light shows.
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Rapid urbanization, along with the expanding travel and tourism industry, is augmenting the market for amusement parks. Furthermore, innovative rides, accommodation facilities, and official merchandise available in the amusement parks, along with numerous theme-based adventurous and attractions, are also bolstering the market. Additionally, the market is further catalyzed by the rapid integration of hydraulics, pneumatics, animatronics, and Internet-of-Things (IoT) to track and monitor activities in the park. Augmented reality (AR) and virtual reality (VR) technologies also provide interactive experiences to the visitor. Moreover, increasing consumer expenditures on entertainment, rising construction activities of themed amusement parks, and the development of 4D rides are further expected to drive the market.
Amusement Parks Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the rides, revenue source, age group and region.
Breakup by Rides:
Breakup by Revenue Source:
Breakup by Age Group:
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Breakup by Region: