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Asia-Pacific Amusement Parks Market Size (2024 - 2029)

The Asia-Pacific amusement parks market is experiencing growth driven by increasing demand for leisure and entertainment, with significant contributions from China, Japan, and South Korea. The market size is expanding as companies invest in new attractions and park developments, despite the challenges posed by the COVID-19 pandemic, which led to substantial revenue losses due to closures and reduced visitor numbers. The region's focus on developing major theme parks is expected to further enhance the market's growth trajectory.

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Market Size of Asia-Pacific Amusement Parks Industry

Asia-Pacific Amusement Parks Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) > 3.34 %
Market Concentration Medium

Major Players

Asia-Pacific Amusement Parks Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Amusement Parks Market Analysis

The Asia-Pacific Amusement Parks Market is expected to register a CAGR of greater than 3.34% during the forecast period(2024-2029).

The Asia-Pacific amusement parks market is a growing industry driven by increasing demand for leisure and entertainment activities in the region. Many companies are investing heavily in developing new attractions and experiences and expanding their regional presence through new park openings and acquisitions. China, Japan, and South Korea are the major contributors to the Asia-Pacific amusement parks market, with China being the largest market. The region is also seeing significant investments in new theme park developments, such as Universal Studios Beijing and Disneyland Shanghai, which are expected to drive market growth further.

The COVID-19 pandemic significantly impacted the Asia-Pacific amusement parks market. The park closures and the restrictions on travel and tourism resulted in a significant decline in revenue for the industry. The pandemic forced amusement parks to remain closed for extended periods, resulting in substantial revenue losses. Many amusement parks in the Asia-Pacific region were closed from early 2020 onward, resulting in revenue losses of billions of dollars. Even as some parks reopened, visitor numbers decreased due to social distancing requirements and other safety measures.

Asia-Pacific Amusement Parks Industry Segmentation

Amusement Park is a place that includes many games and rides (such as roller coasters and merry-go-rounds) for entertainment. This report will provide a detailed analysis of the Asia-Pacific amusement parks market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.

The Asia-Pacific Amusement Parks Market Is Segmented By Rides (Mechanical Rides, Water Rides, And Other Rides), Age (Up To 18 Years, 19 To 35 Years, 36 To 50 Years, 51 To 65 Years, And More Than 65 Years), Revenue Source (Tickets, Food & Beverages, Merchandise, Hotels/Resorts, And Others), And Country (Japan, India, China, And Rest Of Asia-Pacific). The Report Offers Market Size And Forecasts In Value (USD) For All The Above Segments.

By Rides
Mechanical Rides
Water Rides
Other Rides
By Age
Upto 18 years
19 to 35 years
36 to 50 years
51 to 65 years
More than 65 years
By Revenue Source
Tickets
Food & Beverages
Merchandise
Hotels/Resorts
Others
By Country
Japan
India
China
Rest of Asia-Pacific
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Asia-Pacific Amusement Parks Market Size Summary

The Asia-Pacific amusement parks market is experiencing growth driven by a rising demand for leisure and entertainment activities across the region. Significant investments are being made by various companies to develop new attractions and expand their presence through new park openings and acquisitions. China, Japan, and South Korea are key contributors to this market, with China leading as the largest market. The region is witnessing substantial investments in new theme park developments, such as Universal Studios Beijing and Disneyland Shanghai, which are anticipated to further propel market growth. Despite the challenges posed by the COVID-19 pandemic, which led to park closures and a decline in revenue, the industry is on a recovery path, with water parks seeing increased attendance and business activity.

Post-pandemic, the Asia-Pacific region is witnessing a resurgence in the tourism industry, boosting demand for water rides and other leisure activities. Countries like China, Japan, and India are emerging as major markets, driving investments in adventurous and leisure activities. Japan, in particular, has seen a rise in attendance at its amusement parks, such as Universal Studios and Tokyo Disneyland, contributing to the market's expansion. The increasing urbanization and employment rates in Japan are enabling more people to spend on amusement parks, creating growth opportunities. The market is currently fragmented, with many international players, but technological advancements and product innovations are allowing mid-size to smaller companies to enhance their market presence.

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Asia-Pacific Amusement Parks Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights of Technology Innovations in the Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Rides

      1. 2.1.1 Mechanical Rides

      2. 2.1.2 Water Rides

      3. 2.1.3 Other Rides

    2. 2.2 By Age

      1. 2.2.1 Upto 18 years

      2. 2.2.2 19 to 35 years

      3. 2.2.3 36 to 50 years

      4. 2.2.4 51 to 65 years

      5. 2.2.5 More than 65 years

    3. 2.3 By Revenue Source

      1. 2.3.1 Tickets

      2. 2.3.2 Food & Beverages

      3. 2.3.3 Merchandise

      4. 2.3.4 Hotels/Resorts

      5. 2.3.5 Others

    4. 2.4 By Country

      1. 2.4.1 Japan

      2. 2.4.2 India

      3. 2.4.3 China

      4. 2.4.4 Rest of Asia-Pacific

Asia-Pacific Amusement Parks Market Size FAQs

The Asia-Pacific Amusement Parks Market is projected to register a CAGR of greater than 3.34% during the forecast period (2024-2029)

Shanghai Disneyland, China, Chimelong Ocean Kingdom, China, Tokyo Disneyland, Japan, Tokyo Disneysea, Japan and Universal Studios Japan are the major companies operating in the Asia-Pacific Amusement Parks Market.

Asia-Pacific Amusement Parks Market Report Snapshots

Asia-Pacific Amusement Parks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)