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The US amusement and theme park market size is forecast to increase by USD 4.02 billion at a CAGR of 3.88% between 2023 and 2028. The amusement and theme park market in the US is witnessing significant growth, driven by increasing investments in high-thrill attractions and innovative creations. Indoor entertainment centers are gaining popularity due to their consistency in operation, mitigating seasonal variability and weather conditions. Eco-friendly practices, such as energy-efficient operations, waste reduction, and recycling systems, are becoming essential for amusement park to reduce their carbon footprint and protect the planet. Secondly, the increasing number of baby-boomer visitors contributes to higher attendance rates and spending in the leisure and entertainment and amusement sectors. Additionally, the adoption of blockchain technology and virtual assistants helps mitigate labor shortages by optimizing operational efficiencies and enhancing guest services. Renewable energy sources, environmental management systems, eco-conscious construction, and landscaping are some of the strategies parks are adopting to minimize their impact on the environment. Extreme weather events pose a risk to the industry, necessitating strong contingency plans. Cutting-edge technology is also playing a crucial role in enhancing the visitor experience and ensuring safety. The market is expected to continue its growth trajectory, driven by these trends and the industry's commitment to climate change mitigation and sustainability.
The amusement and theme park industry in the US is a significant contributor to the country's tourism sector. These recreational facilities offer a wide range of entertainment options, including rides, mechanical and water, for both adults and children. The market caters to diverse demographics, attracting millions of domestic and international visitors every year. Theme parks and water parks are popular choices for families, offering a mix of thrilling rides, food and beverage outlets, accommodation facilities, retail stores, and shows based on various themes and fictional characters. Indoor attractions ensure visitor interest, even amid extreme weather events, as the industry focuses on planet protection and environmental management systems. Social media engagements and experiential entertainment further drive growth.
Additionally, amusement arcades games, indoor entertainment centers, and urban leisure parks provide additional options for visitors seeking fun and relaxation. Seasonal variability and weather conditions play a crucial role in the amusement and theme park market. Park owners employ various strategies to mitigate the impact of these factors on their businesses. For instance, they may offer seasonal packages, discounts, and promotions to attract visitors during off-peak seasons. The market for amusement and theme parks in the US is driven by several factors. International tourism and global travel ecosystems continue to be significant contributors to the industry's growth. The increasing popularity of urban leisure and the need for entertainment options beyond traditional dining and shopping experiences further boost the market.
Further, food and beverage outlets, retail outlets, and restaurants within amusement and theme parks contribute significantly to the overall revenue. Park owners leverage IoT technology to optimize operations, enhance the visitor experience, and improve safety and security. The amusement and theme park market in the US is diverse and dynamic. It offers numerous opportunities for innovation and growth, with new attractions, technologies, and partnerships continually emerging. The market is expected to remain a key player in the US travel and tourism sector, providing unique experiences and memories for millions of visitors every year.
In conclusion, the amusement and theme park market in the US is a vibrant and ever-evolving industry that caters to various demographics and preferences. It offers a range of entertainment options, from thrilling rides and water attractions to immersive experiences based on popular themes and fictional characters. The market's continued growth is driven by factors such as international tourism, urban leisure, and the need for innovative and memorable experiences.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The mechanical rides segment is estimated to witness significant growth during the forecast period.The amusement and theme park industry in the United States is marked by mega-projects that transform destinations into entertainment hubs. These sites go beyond traditional offerings, hosting expos, conferences, and sporting tournaments to engage communities and attract international tourists. Mechanical rides, a significant segment of these parks, continue to captivate visitors with their intricate engineering and advanced technology. Roller coasters, water rides, dark rides, and simulators are just a few examples of the thrilling experiences these attractions provide.
Additionally, the competition is fierce, and parks differentiate themselves through sophisticated attractions, themed resorts, hotels, and targeted promotions. Loyalty programs and community engagement initiatives further enhance the visitor experience. Accommodation facilities, retail outlets, and restaurants are integral components, catering to both adults and children. The amusement and theme park market in the US continues to evolve, offering unique experiences that blend entertainment and technology.
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The mechanical rides segment was valued at USD 10.42 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising investments in high-thrill roller coasters is the key driver of the market. Amusement parks in the US have seen significant advancements in recreational offerings, with roller coasters being a prime example. Traditional roller coasters, originally constructed from wood, were limited in design, featuring only straight tracks and gentle curves. However, the advent of technology and innovation has transformed roller coasters into thrilling and exciting experiences. Steel roller coasters now dominate the scene, allowing for intricate designs that include loops, drops, and over-banked turns. Two primary revenue drivers in the amusement park industry are supersized roller coasters and innovative smaller rides. Supersized coasters demand substantial capital investments but offer impressive heights, speeds, and thrills.
For instance, the Alabama Rampage, a 120-foot-tall wooden roller coaster, boasts a 102-foot drop and reaches a top speed of 56 mph. On the other hand, smaller, creative coasters do not necessitate significant capital investments and cater to a broader audience. These rides provide unique experiences, often incorporating innovative designs and themes. The amusement park market in the US continues to grow, with these two categories contributing significantly to its success.
The growing innovation and creativity in amusement parks is the upcoming trend in the market. Amusement parks and family entertainment centers in the US continue to captivate visitors with their innovative offerings, setting new standards in theme entertainment. Traditional amusement parks now feature high-tech rides, immersive experiences, and themed environments that cater to both families and tourists. The popularity of these venues is driven by their ability to provide variety and excitement, making them integral components of the travel ecosystem. Walt Disney, a leader in creativity and innovation, has revolutionized the industry with advancements such as pneumatic tower rides, interactive dark and 4D rides, hydraulic launch coasters, and giant rides.
Additionally, Disney's commitment to innovation is further demonstrated through initiatives like Disney Innovation Day, where startups showcase their product lines. Beyond Disney, other theme parks offer unique experiences through augmented reality video games, broadcast programming with robotic pixels, and 3D representation of shows. Urban leisure has evolved significantly, offering visitors a world of immersive experiences that cater to diverse interests and preferences. These innovations have attracted an increasing number of domestic and international tourists, making amusement parks and family entertainment centers essential components of the global tourism landscape.
Risks associated with amusement parks is a key challenge affecting the market growth. Amusement and theme parks in the United States encounter various hurdles that can impact their functionality and profitability. Safety is a significant concern, as there is a potential for accidents, injuries, or fatalities on rides due to mechanical issues, operator mistakes, or visitor misconduct. Compliance with regulations is essential, as parks must adhere to stringent federal, state, and local guidelines regarding ride safety, accessibility, and health requirements. Economic elements, such as decreases in consumer spending on discretionary items and increasing operational expenses, pose additional risks. Natural disasters and adverse weather conditions, including storms and hurricanes, can lead to ride closures, property damage, and reduced attendance. To mitigate these challenges, theme parks invest in advanced safety technologies, maintain strong emergency response plans, and collaborate with regulatory bodies to ensure ongoing compliance.
Additionally, they focus on diversifying their offerings, such as water parks, amusement arcades, hotels or resorts, entertainment venues, and themed areas, to attract a broader audience and provide a range of recreational experiences. Food and beverage offerings and shows are also essential components of the park experience, providing guests with memorable moments and additional revenue streams. Amenities, such as restrooms, locker rentals, and parking facilities, contribute to overall guest satisfaction and repeat business. By addressing these challenges and continuously improving their offerings, theme parks in the US can maintain their position as popular destinations for thrilling rides, themed areas, and immersive experiences.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Dream - The company offers amusement and theme park such as Nickelodeon Universe Theme Park, DreamWorks Water Park and Nickelodeon Universe.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Amusement and theme parks offer visitors thrilling rides, immersive experiences, and a variety of entertainment options. From mechanical rides and water rides to shows and themed areas, these recreational places cater to both male and female tourists, locals, and international visitors. The popularity of theme parks and water parks continues to grow, driven by the desire for adrenaline-pumping experiences and family-friendly nature. Theme entertainment provides visitors with cutting-edge technology, such as VR, and themed environments that transport them to different worlds. Seasonal variability and weather conditions do not deter visitors, as many parks offer indoor attractions and eco-friendly practices, including energy-efficient operations, waste reduction, recycling systems, renewable energy, and environmental management systems.
Additionally, traditional amusement parks and family entertainment centers provide nostalgia and classic rides, while mega-projects and themed resorts offer sophisticated attractions and accommodations. Aggressive marketing campaigns, loyalty programs, and targeted promotions draw in visitors, while community engagement and international tourist destinations attract a diverse demographic, including adults, children, and young adults. Food & beverage segment and retail outlets, including dining facilities, souvenir stores, and golf courses, contribute significantly to the revenue of these entertainment destinations.
In summary, park owners invest in IoT technology and themed elements, featuring fictional characters from movies like Disney and Marvel, to enhance the overall visitor experience. Urban leisure and indoor entertainment centers provide alternatives to outdoor recreational places during extreme weather events. Theme parks and entertainment venues remain integral parts of the travel ecosystem, attracting domestic and international tourists, and offering a range of accommodation facilities and entertainment options.
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Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.88% |
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Market growth 2024-2028 |
USD 4.02 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.26 |
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Key companies profiled |
American Dream, AMUSEMENTS OF AMERICA, Atlantic Beach Park, Belmont Park, CEDAR FAIR LP, Comcast Corp., Diggerland USA, Dollywood, Experience Kissimmee, Fun Plex Waterpark and Rides, Funland, Glenwood Caverns Adventure Park, Hershey Entertainment and Resorts Co., ICON PARK, Knoebels Amusement Resort, Motion JVco Ltd., PARQUES REUNIDOS SERVICIOS CENTRALES SA, SeaWorld Parks and Entertainment Inc., Six Flags Entertainment Corp., and The Walt Disney Co. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Revenue
8 Market Segmentation by Gender
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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