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Theme Parks Market Trends

  • Report ID: GMI9741
  • Published Date: Jun 2024
  • Report Format: PDF

Theme Parks Market Trends

The theme park industry is witnessing dynamic growth driven by innovative out-of-the-box concepts introduced by leading companies to capture the minds of more discerning consumers. Theme Park professionals search for unconventional themes and approaches and combine immersive experiences and technology in a sophisticated combination of active experiences. This innovative design aims to provide visitors with unforgettable moments.
 

Furthermore, there is an increasing emphasis on sustainability, with theme parks incorporating environmentally friendly and green practices into their design and operation. Furthermore, attractions increasingly based on popular franchises in film, television, games, loved characters, and storylines are being featured, reshaping the landscape of thematic entertainment. These features not only enhance the overall guest experience but also drive visitor engagement, repeat visits, and brand loyalty. As leading brands continue to push the boundaries of creativity and innovation, the future of the theme park market promises to be exciting and transformative.
 

To cite an instance, in March 2024, in a daring move that blends innovation with luxury, Saudi Arabia was set to unveil the opening of the world’s largest floating theme park, aptly named The Rig. Spearheaded by the Oil Park Development Company, this pioneering project promises to change the perception of leisure and recreation in the region.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of theme parks reached USD 64.6 billion in 2023 and is set to witness 5.5% CAGR from 2024 to 2032, led by the increasing investments in new projects across the globe.

The thrill rides attraction type segment accounted for 4% share in 2023, as they provide fun ride adrenaline-pumping experience and thrilling emotions.

The ticket revenue source segment in the theme parks industry held over USD 20 billion in 2023, as they represent the gateway to immersive experiences, exciting rides, and entertainment within theme parks.

North America market recorded over 35% share in 2023, led by the strong economy, in line with the rise in spending and leisure culture.

Theme Parks Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 255
  • Countries covered: 24
  • Pages: 280
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