The global theme park tourism market was valued at US$ 50.2 Bn in 2019 and is projected to further cross US$ 60 Bn by 2028 expanding at a CAGR of 5.6% during the forecast period. The rising per capita income of consumers, growing millennial population, and rise in number of tourism activities across the globe are factors proliferating the demand of theme park tourism market. According to themed entertainment association, the global attendance growth in the top 10 theme parks was 8.6% in 2016-17. In 2016, the attendance was 438.3 million as compared to 475.8 million in 2017. With stabilized global economies, and significant planning occurring now for future investment, prospects look good for the industry in the short- to mid-term. This in turn is driving the overall growth of global theme park tourism market globally.

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In order to increase the client base and fortify their situation in the theme park tourism industry, major players are concentrating on acquainting wristbands to attract more customers. For instance, in 2016, Six Flags Entertainment Corporation presented a brand-new wristband known as THE FLASH Pass. This wristband is an IoT-empowered band that guarantees time management and track the queues. Such advancements have a positive influence and energize higher footfall, in this way fortifying the park’s client base. Asia Pacific is the largest market in the global theme park tourism market and is anticipated to remain dominant during the forecast period. This can be associated with a large number of players investing heavily in developing new parks in the region coupled with the region being home to 11 out of the top 25 theme parks across the globe. Thus, fueling the market growth in the region.

Based on age group source in theme park tourism industry, theme park tourism can be classified into up to 18 years, 19 to 35 years, 36 to 50 years, 51 to 65 years, and more than 65 years. Out of which the 19 to 35 years segment accounted for the largest market share in terms of revenue contributing more than 35% of the total revenue. This can be associated with the millennial population being high on travel and tourism quotient coupled with increasing spending of consumers. On the contrary, the 36 to 50 years age group is also anticipated to post significant growth during the forecast period growing at a CAGR of more than 6.3%. Owing to increasing number of parents accompanying their children to amusement parks. According to a recent survey, about 4 out of 5 parents of kids aged between 5-12 years of age reported that their child has been to an amusement park. These factors are encouraging the overall growth of the global theme park tourism market.

The market research report on the theme park tourism market offers a complete analysis on major theme park tourism providers, geographic presence, revenue analysis, and future developments. Competitive developments of the market players working within the theme park tourism market, as well as expansion, new product launches, mergers, and agreements among the organizations have been offered within this report. A SWOT analysis has been accomplished on every player profiled within the global theme park tourism market report.