Global Theme Park Market Size To Exceed USD 126.66 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Theme Park Market Size is expected to grow from USD 50.46 Billion in 2023 to USD 126.66 Billion by 2033, at a CAGR of 9.64% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Theme Park Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Rides, Event & Tour, Food & Beverage, Merchandise & Retail, and Others), By End-User (Kids and Adults), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The theme park market refers to the global industry that involves the operation and management of large entertainment facilities designed around a specific theme or concept. These parks offer a variety of attractions such as rides, shows, games, and experiences to engage visitors. They often incorporate immersive environments, themed attractions, and entertainment to provide a unique, fun, and memorable experience for visitors of all ages. Moreover, the driving factors in the theme park market include rising disposable incomes, increasing consumer spending on leisure and entertainment, advancements in technology for immersive experiences, the growing popularity of themed attractions, and the expansion of global tourism and family-friendly travel. However, restraints in the theme park market include high operational costs, seasonality, environmental concerns, intense competition, and the impact of economic downturns.
The rides magnets segment accounted for the largest share of the global theme park market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on service type, the global theme park market is divided into rides, events & tour, food & beverage, merchandise & retail, and others. Among these, the rides segment accounted for the largest share of the worldwide theme park market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is primarily due to the increasing availability of innovative, theme-based, and adventure rides. These attractions, often inspired by popular movies and series, significantly enhance visitor engagement and drive higher attendance rates.
The adults segment accounted for a substantial share of the global theme park market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the end-user, the global theme park market is divided into kids and adults. Among these, the adults segment accounted for a substantial share of the global theme park market in 2023 and is anticipated to grow rapidly during the projected period. This is driven by the widespread availability of rides catering to adult audiences, rising disposable incomes, and a growing demand for unique leisure experiences.
North America is projected to hold the largest share of the global theme park market over the projected period.
North America is projected to hold the largest share of the global theme park market over the projected period. This is driven by a high concentration of well-established parks, strong tourism infrastructure, high consumer spending on leisure, and major players like Disney and Universal Studios headquartered in the region.
Asia Pacific is expected to grow at the fastest CAGR of the global theme park market during the projected period. This is owing to the rising disposable incomes and increasing tourist arrivals across the region, coupled with the presence of various globally renowned themed amusement parks, including Universal Studios Japan, Universal Studios Singapore, Disneyland Tokyo, Disneyland Hong Kong, and LEGOLAND Malaysia.
Company Profiling
Major vendors in the global theme park market are Walt Disney World/Magic Kingdom Park, Universal Studios, Merlin Entertainments, Cedar Fair Entertainment Company, Six Flags Entertainment Corporation, United Parks & Resorts Inc., Overseas Chinese Town Company, Fantawild Holdings Inc., PARQUES REUNIDOS, Aspro Parks., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2024, the first water-themed amusement park in Saudi Arabia, Aquarabia, opened, according to Qiddiya Investment Company, an entertainment company located in Saudi Arabia.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global theme park market based on the below-mentioned segments:
Global Theme Park Market, By Service Type
- Rides
- Event & Tour
- Food & Beverage
- Merchandise & Retail
- Others
Global Theme Park Market, By End-User
Global Theme Park Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa