Global Theme Park Vacation Market Is Expected to Reach $74.7 Billion by 2026: Says AMR

Rapid shift in consumer behavior, innovation & development in technology, and rise in inclination of people toward going on vacations drive the growth of the global theme park vacation market. By age group, the millennials segment was the dominant shareholder in 2019. On the other hand, by geography, North America held the highest share in the same year.


Portland, OR, April 08, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global theme park vacation market was pegged at $47.2 billion in 2018 and is anticipated to hit $74.7 billion by 2026, registering a CAGR of 6.0% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning stratagems, drivers & opportunities, market size & estimations, competitive landscape, and fluctuating market trends.

Rapid shift in consumer behavior, innovation & development in technology, and rise in inclination of people toward going on vacations drive the growth of the global theme park vacation market. On the other hand, increase in the number of accidents and several government rule & regulations impede the growth to some extent.

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However, inclusion of new ideas and theme is expected to create multiple opportunities in the industry.

The adventure park segment to dominate by 2026-

Based on type, the adventure park segment accounted for more than half of the total market revenue in 2019, and is expected to rule the roost by the end of 2026. The children’s park segment, on the other hand, would register the fastest CAGR of 7.9% throughout the forecast period. The water park segment is also studied in the market report.

The millennials segment to retain its dominance till 2026-

Based on age group, the millennials segment contributed to nearly two-fifths of the total market share in 2019, and is anticipated to maintain the lion’s share during the study period. At the same time, the generation Z segment would cite the fastest CAGR of 7.8% from 2019 to 2026. The report also analyzes two more segments namely baby boomers and generation X.

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North America to lead the trail in terms of revenue-

Based on region, North America held the highest share in 2019, garnering nearly three-fifths of the global market. Simultaneously, the Asia-Pacific region would showcase the fastest CAGR of 9.6% by 2026.

The other two provinces explored in the report include Europe and LAMEA.

Frontrunners in the industry-

The key market players analyzed in the global theme park vacation market report includeSeaworld Parks & Entertainment, Universal Parks and Resorts, ParquesReunidos, Merlin Entertainment Group, Oct Parks China, Fantawild, Chimelong Group, Six Flags Inc., Walt Disney Attraction, and Cedar Fair Entertainment Company.These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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