Market Size of Asia-Pacific Amusement Parks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 3.34 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Amusement Parks Market Analysis
The Asia-Pacific Amusement Parks Market is expected to register a CAGR of greater than 3.34% during the forecast period(2024-2029).
The Asia-Pacific amusement parks market is a growing industry driven by increasing demand for leisure and entertainment activities in the region. Many companies are investing heavily in developing new attractions and experiences and expanding their regional presence through new park openings and acquisitions. China, Japan, and South Korea are the major contributors to the Asia-Pacific amusement parks market, with China being the largest market. The region is also seeing significant investments in new theme park developments, such as Universal Studios Beijing and Disneyland Shanghai, which are expected to drive market growth further.
The COVID-19 pandemic significantly impacted the Asia-Pacific amusement parks market. The park closures and the restrictions on travel and tourism resulted in a significant decline in revenue for the industry. The pandemic forced amusement parks to remain closed for extended periods, resulting in substantial revenue losses. Many amusement parks in the Asia-Pacific region were closed from early 2020 onward, resulting in revenue losses of billions of dollars. Even as some parks reopened, visitor numbers decreased due to social distancing requirements and other safety measures.
