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Water Parks Market Trends

Report ID: GMI9742
Published Date: Jun 2024
Report Format: PDF

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Water Parks Market Trends

The water park industry is experiencing a transformative shift due to an escalating emphasis on sustainability practices and the creation of themed attractions. Parks prioritize eco-friendly initiatives like water recycling while crafting immersive themed experiences. These dual focuses cater to environmentally conscious consumers and enhance visitor engagement, driving market growth. By aligning with sustainability goals and offering compelling attractions, water parks attract a broader audience and solidify their position in the market.

For instance, in March 2023, Imagicaaworld launched Aquamagicaa, a water park in Surat, India, featuring diverse food and beverages, retail options, and daytime 'Cabana' room facilities for an enhanced visitor experience.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of water park reached USD 5.7 billion in 2023 and is set to witness 8% CAGR from 2024 to 2032, led by the growing desire for family-friendly entertainment.

The tickets as a revenue source segment in the water park industry accounted for more than USD 2 billion in 2023, as it the primary source of income for park operators.

The water slides attraction type segment held for 6% share in 2023, due to its enduring popularity and widespread appeal.

North America market recorded over 35% share in 2023, owing to the robust economic growth and a strong culture of leisure and entertainment across the region.