Market Overview

Global Amusement Park Market 2018-2022| Rise in Popularity of IoT Enabled Theme Parks| Technavio

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The global amusement park market is expected to post a CAGR of over 8%
during the period 2018-2022 according to the latest market research
report by Technavio.
However, the growth momentum of the market is expected to decelerate due
to a decline in the year-on-year growth.

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Technavio has published a new market research report on the global amusement park market from 2018-2 ...

Technavio has published a new market research report on the global amusement park market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in the number
of baby-boomer visitors. Baby boomers are the cohorts following the
silent generation and are associated with the rejection of the
redefinition of the traditional values. The rise in the number of
baby-boomer visitors is likely to drive the growth of the global
amusement park market as amusement parks offer expensive and thrilling
rides. The increase in the number of baby boomers will drive the demand
for 4D rides, giant rides, and challenging roller coasters. The increase
in innovations in roller coasters and other theme-park rides will
attract more baby-boomer visitors. This will fuel the growth of the
global amusement park market during the forecast period.

This market research report on the global
amusement park market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the rise in popularity of
IoT-enabled theme parks as one of the key emerging trends in the global
amusement park market:

Global amusement park market: rise in
popularity of IoT - enabled theme parks

IoT is revolutionizing different operations in amusement parks. It helps
transmit and record customers' information easily. It provides customers
with well-connected amenities and a unique experience using beacons and
sensors. Certain application of IoT enabled theme parks help parents
track their children's movement with the help of sensors that are
present throughout the park. The IoT wristband functions as a passport
and serves as an entrance ticket for guests and facilitates credit-card
transactions. IoT enabled theme parks also help identify the areas of
improvement as they track and monitor all the activities and manage the
crowd at the park. Thus, with various advantages associated with IoT
enabled theme parks, the global market is expected to show positive
results during the forecast period.

"Increase in international tourism expenditure along and investments
in high-thrill roller coasters are two major factors that are driving
the growth of the market. The tourism industry offers advantages such as
revenue regeneration and job opportunities. The additional revenue
earned from international tourism is used for infrastructure
development. Therefore, the increased expenditure on international
tourism will drive the growth of the global amusement park,"
says a
senior analyst at Technavio for research on media and entertainment
services.

Global amusement park market: Segmentation
analysis

This market research report segments the global amusement park market by
geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 accounting for the highest market
share. This can be attributed to the presence of many amusement parks in
the region. The market in APAC is driven by the rise in disposable
income in countries such as China and India. Moreover, APAC is expected
to grow at the highest CAGR during the forecast period. However, the
EMEA region is experiencing a decline in its market share due to
economic uncertainty.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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