Market Size of North America Amusement Parks Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR (2024 - 2029) | > 3.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Amusement Parks Market Analysis
The North America Amusement Parks Market is expected to register a CAGR of greater than 3.5% during the forecast period.
North America’s amusement park industry is one of the most advanced in the world, offering a wide variety of entertainment options, from world-class resorts such as Disney and Universal Studios to regional parks such as Cedar Point. North America accounts for a significant portion of the worldwide amusement park market. One of the main reasons for the regional market growth is the growing acceptance of the augmented and virtual reality technologies. Land and water rides are also growing in importance.
According to the World Bank, over 50% of the global population resides in urban areas. Urban dwellers, including families and young adults, are increasingly drawn to leisure activities within their city's confines. In this pursuit, amusement parks have emerged as the favored choice. With their diverse attractions and entertainment offerings, these parks cater to the evolving preferences of city residents. As urban populations continue to surge worldwide, the demand for accessible and enjoyable recreational spaces within cities is on the rise.
The theme park industry is capitalizing on the surging interest in themed entertainment and the growing appetite for immersive experiences. As visitors seek more than just rides, theme parks are stepping up by providing captivating settings, narratives, and interactive elements, elevating the overall visitor experience.