Market Size of Europe Amusement Parks Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.27 Billion |
Market Size (2029) | USD 1.71 Billion |
CAGR (2024 - 2029) | 6.10 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Amusement Parks Market Analysis
The Europe Amusement Parks Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.71 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
Amusement parks in Europe are prominent tourist destinations in the world, with millions of visitors each year. Outdoor amusement parks take advantage of this by providing entertainment options for both local and international tourists. Amusement parks around the world are constantly adapting to new technologies and new attractions. European parks are adopting latest technologies, such as virtual reality (VR), augmented reality (AR), and interactive experiences (IoT), to increase the excitement and engagement of visitors.
Mega parks attract most theme park visitors due to their high-end rides. Theme parks that have a significant impact on the regional market growth can be classified as small parks or Tier 3 parks. The growth of the theme park market is driven by the increasing tourism spending and the growing middle class and urban population.
The tickets segment accounts for approximately 52% of the total market share in the current year. The industry’s tickets segment is expected to experience significant growth in the years to come as parks embrace dynamic pricing models and online promotions, as well as a variety of ticket options. With a focus on accessibility, parks offer flexible ticket packages and seasonal discounts, as well as digital ticketing. For example, Disney announced plans to offer discounts on children’s tickets at their theme parks in October previous year. The shift towards online ticketing and the adoption of technology-based solutions increase convenience for visitors.