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Amusement Parks Market 2022 Share, Size, Growth, Trends and Forecast 2027

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According to IMARC Group’s latest report, titled “Amusement Parks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on amusement parks market share. The global amusement park market size reachead US$ 48.8 Billion in 2021Amusement parks are commercially operated areas that offer various rides, games, fairs, picnic gardens, and shows for entertainment. They comprise a large outdoor area that caters to different age groups ranging from children, teenagers, and elderly adults. They offer numerous amusement facilities, which include theme parks, water parks, arcades, sports betting facilities, refreshment zones, and mechanical rides. They also offer immersive cinematic experiences with high-definition (HD) music, light shows, storytelling, and theatrical plays. Besides this, they are stationary and established for long-term operation compared to carnivals and funfairs, which are temporary and mobile. Request Free Sample Report: https://www.imarcgroup.com/amusement-parks-market/requestsample Amusement Parks Market Trends: At present, rapid urbanization and rising standards of living, along with significant growth in the travel and tourism industry, represents one of the key factors positively influencing the market. Amusement parks offer unique experiences to visitors and support in strengthening the bond with local people. They also promote socialization, enhance mood, reduce stress and anxiety, and help maintain fitness as indulging in various activities of amusement parks releases adrenaline and endorphin hormones and burns calories. Moreover, inflating disposable income levels and increasing expenditure capacity of consumers on entertainment activities are currently driving the market. Additionally, the increasing adoption of technologically advanced solutions, such as artificial intelligence (AI), facial and voice recognition, virtual reality (VR), augmented reality (AR), mixed reality (MR), animatronics, innovative show effect, and ride system technologies, are offering impactful experience to visitors. These technologies help track and monitor all activities in the park, which, in turn, is offering lucrative growth opportunities to amusement park owners. In line with this, the availability of accommodation facilities, restaurants, official merchandise, and theme-based attractions in amusement parks is expanding its consumer base. Looking forward, IMARC Group expects the market to reach US$ 65.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.97% during 2022-2027. Moreover, park owners are focusing on promotional activities by offering theme-based attractions and gifts, such as goodies, t-shirts, posters, and home décor, which is bolstering the market growth. Besides this, they are also focusing on introducing new rides, museums, and fun-based activities, in confluence with innovative architecture, to attract a wider consumer base. In addition, the integration of internet of things (IoT)-based wristbands, real-time Global Positioning System (GPS) trackers, and facilities for credit card transactions are the other factors strengthening the market growth. Furthermore, increasing investments in themed amusement parks, such as the development of 4D rides and giant roller coasters, to provide next-generation reality experiences, sound attractions, and display and light attractions are anticipated to drive the market in the coming years. Frequently Asked Questions (FAQs): Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/amusement-parks-market List of Key Companies Covered in this Market Report: The report has segmented the market on the basis of rides, revenue source, age group and geography. Breakup by Rides: Breakup by Revenue Source: Breakup by Age Group: Breakup by Geography: Key highlights of the report: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800 Follow us on Twitter: https://twitter.com/ImarcServices