(Companies: The Walt Disney Company, Universal Parks & Resorts, Merlin Entertainments plc, Oriental Land Company Ltd And Six Flags Entertainment Corporation)
The global amusement parks and arcades market was valued nearly at $62 billion in 2018. North America was the largest market for amusement parks and arcades, accounting for around 40% of the global market in 2018. The USA is the largest country in terms of value in the amusement parks and arcades market.
The amusement parks and arcades market consists of sales of amusement parks and arcades entertainments and related goods by entities (organizations, sole traders and partnerships) that operate amusement parks and arcades.
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Amusement Parks And Arcades Market Size
The global amusement parks and arcades market is expected to grow at a growth rate of around 9% to nearly $87 billion by 2022.Growth in the historic period resulted from a rise in disposable incomes, companies focusing on reinvesting, increase d travel and tourism, and economic growth. Factors that negatively affected growth in the historic period were harsh weather conditions and rising costs.
The amusement parks and arcades market is relatively concentrated. Major players in the market include Walt Disney Parks and Resorts, Universal Parks and Resorts, Merlin Entertainment plc, Oriental Land Company Ltd and Six Flags Entertainment Corporation.
Walt Disney Parks And Resorts was the largest company in the amusement parks and arcades market in 2018 with around 23% share of the market. It is a wholly owned subsidiary of The Walt Disney Company. The Walt Disney Company is a diversified international family entertainment and media enterprise. The company was established in 1923 and is headquartered in Burbank, California. It employed around 199,000 people as of 30 September, 2017.
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This market includes sales of entry fees and ticket sales for rides, games, food and beverages, merchandise goods, and hotels and resorts. However, this market excludes sales of exclusive restaurants such as fast food chains operating within the amusement parks. Amusement and theme park companies operate mechanical rides, water rides, water games (includes both spectator sports and crowd engagement games), events, games, shows, themed exhibits, refreshment stands and other visitor attractions for entertainment.
Amusement Parks And Arcades Market Segmentation
The Amusement Parks And Arcades market is segmented by type, by revenue source and by geography.
By Type – The amusement parks and arcades market can be segmented by type into
- a) Theme parks
- b) Water parks
- c) Amusement arcades
Theme parks was the largest segment of the amusement parks and arcades market in 2018 at 81.5%. The theme parks market is also expected to be the fastest-growing segment going forward at a CAGR of 9.1%. The theme parks, water parks and amusement parks market are further segmented by type into
- a) By Age Group Of Visitors
- b) By Visitors’ Gender
By Revenue Source – The amusement parks and arcades market is segmented by revenue source into
- a) Tickets
- b) Food & Beverages
- c) Hotels & Resorts
- d) Merchandise And Others
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