Report ID: UCMIG25P2007
Report ID:
UCMIG25P2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2017, the size of the world market for amusement parks was estimated at USD 45.2 billion. It is anticipated to grow at a CAGR of 5.8% between 2018 and 2025. All ages of visitors to amusement parks are becoming more and more enamoured with the parks' cutting-edge attractions, lodging options, and products. As a result, more people and kids are going to amusement parks, which increases the size of the target audience. The primary sources of supplementary revenue for amusement parks are predicted to be the sale of goods and food and beverages through retail stores and restaurants situated inside the park. Additionally, the global market is receiving a boost from growing urban populations, foreign travel, and middle-class consumers' increased disposable income.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Facilities by segment aggregation, the contribution of the Leisure Facilities in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25P2007