NEW YORK, Jan. 5, 2023 /PRNewswire/ -- According to Technavio, the global entertainment and amusement market size is estimated to grow by USD 681.19 billion from 2022 to 2027. However, the growth momentum will decelerate at a CAGR of 5%. North America will account for 54% of the growth of the global market during the forecast period.
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The global entertainment and amusement market is fragmented, and the five forces analysis covers –
- Bargaining power of buyers
- The threat of new entrants
- Threat of rivalry
- Bargaining power of suppliers
- Threat of substitutes
- For interpretation of Porter's five forces model – buy the report!
The report includes the market's adoption lifecycle, 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 growth strategies.
Segment overview
Technavio has segmented the market based on type (entertainment and amusement) and age group (13 to 20 years, above 20 years, and below 12 years).
- The entertainment segment will grow at a significant rate during the forecast period. The growth of this segment is attributed to factors such as the increasing number of gaming bars and cafes offering video games. Family entertainment centers offer a wide range of arcade games, AR and VR gaming zones, and physical gaming activities for groups of different ages. Improvements in gameplay design and consoles have increased the popularity of family entertainment centers globally In recent years, which is expected to boost the growth of the market during the forecast period.
Geography overview
Based on geography, the global entertainment and amusement market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global entertainment and amusement market.
- North America is estimated to account for 54% of the growth of the global market during the forecast period. The growth is the regional market is attributed to factors such as the increasing spending on entertainment. In addition, the popularity of innovative rides, accommodation facilities, and merchandise in amusement parks is increasing among visitors of all age groups. Such factors will boost the regional market.
Key factor driving market growth
- The rapid growth of social media is notably driving the market growth.
- Visitors share their experiences, photos, and videos on social media platforms, which helps promote parks across the world.
- Social media posts encourage others to visit amusement and theme parks, which increases the number of visitors.
- Thus, the widespread use of social media is expected to fuel the growth of the market during the forecast period.
Leading trends influencing the market
- Virtual theme parks are gaining traction, which is an emerging trend in the market.
- Innovations in virtual reality have changed the landscape of the amusement park industry. Theme parks are integrating VR into their existing attractions and are developing VR rides.
- VR tourism is influencing various aspects of marketing, thereby creating new opportunities for those interested in careers in the hospitality industry.
- During the forecast period, several virtual theme parks will be established.
- Such factors are expected to support the growth of the global market during the forecast period.
Major challenges hindering market growth
- High maintenance cost is challenging the market's growth.
- Maintenance of an amusement park requires high investments.
- Amusement parks need regular maintenance to operate optimally and limit liability for park-related accidents.
- Thus, proper maintenance management at rides or shows is required to ensure visitor satisfaction and safety.
- These factors may challenge the growth of the market during the forecast period.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!
What are the key data covered in this entertainment and amusement market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the entertainment and amusement market between 2023 and 2027
- Precise estimation of the size of the entertainment and amusement market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the entertainment and amusement market across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of entertainment and amusement market vendors
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The family entertainment center market size is expected to increase by USD 21.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.29%. This report extensively covers segmentation by application (arcade studios, physical play activities, skill/competition games, and AR and VR gaming zones) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The growth momentum of the amusement park market will accelerate at a CAGR of 3.18%, and the market share will increase to USD 9.97 billion from 2021 to 2026. This report extensively covers market segmentation by type (tickets, hospitality, merchandising, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Entertainment and Amusement Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 5% |
Market growth 2023-2027 |
USD 681.19 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 54% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Al Hokair Entertainment, Aspro Parks SA, CEDAR FAIR LP, Chimelong Group Co. Ltd., Compagnie des Alpes, Entertainment Plus Production, Fakieh Hospitality & Leisure Group, IMG Artists, irque du Soleil Entertainment Group, Merlin Entertainments Group Ltd., PARQUES REUNIDOS SERVICIOS CENTRALES SA, SeaWorld Entertainment Inc., Six Flags Entertainment Corp., The Mousetrap, The Rocky Horror Show, The Walt Disney Co., Timezone Entertainment Pvt. Ltd., Universal Studios Recreation Group, Untamed Entertainment, and Wonderla Amusement Park |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's consumer discretionary market reports
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Age Group
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global entertainment and amusement market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global entertainment and amusement market 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Age group Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Age group Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Entertainment - Market size and forecast 2022-2027
- Exhibit 34: Chart on Entertainment - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Entertainment - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Entertainment - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Entertainment - Year-over-year growth 2022-2027 (%)
- 6.4 Amusement - Market size and forecast 2022-2027
- Exhibit 38: Chart on Amusement - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Amusement - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Amusement - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Amusement - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
7 Market Segmentation by Age Group
- 7.1 Market segments
- Exhibit 43: Chart on Age Group - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Age Group - Market share 2022-2027 (%)
- 7.2 Comparison by Age Group
- Exhibit 45: Chart on Comparison by Age Group
- Exhibit 46: Data Table on Comparison by Age Group
- 7.3 13 to 20 years - Market size and forecast 2022-2027
- Exhibit 47: Chart on 13 to 20 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on 13 to 20 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on 13 to 20 years - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on 13 to 20 years - Year-over-year growth 2022-2027 (%)
- 7.4 Above 20 years - Market size and forecast 2022-2027
- Exhibit 51: Chart on Above 20 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Above 20 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Above 20 years - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Above 20 years - Year-over-year growth 2022-2027 (%)
- 7.5 Below 12 years - Market size and forecast 2022-2027
- Exhibit 55: Chart on Below 12 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Below 12 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Below 12 years - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Below 12 years - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Age Group
- Exhibit 59: Market opportunity by Age Group ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 Al Hokair Entertainment
- Exhibit 112: Al Hokair Entertainment - Overview
- Exhibit 113: Al Hokair Entertainment - Product / Service
- Exhibit 114: Al Hokair Entertainment - Key offerings
- 12.4 CEDAR FAIR LP
- Exhibit 115: CEDAR FAIR LP - Overview
- Exhibit 116: CEDAR FAIR LP - Product / Service
- Exhibit 117: CEDAR FAIR LP - Key offerings
- 12.5 Chimelong Group Co. Ltd.
- Exhibit 118: Chimelong Group Co. Ltd. - Overview
- Exhibit 119: Chimelong Group Co. Ltd. - Product / Service
- Exhibit 120: Chimelong Group Co. Ltd. - Key offerings
- 12.6 Compagnie des Alpes
- Exhibit 121: Compagnie des Alpes - Overview
- Exhibit 122: Compagnie des Alpes - Business segments
- Exhibit 123: Compagnie des Alpes - Key news
- Exhibit 124: Compagnie des Alpes - Key offerings
- Exhibit 125: Compagnie des Alpes - Segment focus
- 12.7 Entertainment Plus Production
- Exhibit 126: Entertainment Plus Production - Overview
- Exhibit 127: Entertainment Plus Production - Product / Service
- Exhibit 128: Entertainment Plus Production - Key offerings
- 12.8 Fakieh Hospitality Leisure Group
- Exhibit 129: Fakieh Hospitality Leisure Group - Overview
- Exhibit 130: Fakieh Hospitality Leisure Group - Product / Service
- Exhibit 131: Fakieh Hospitality Leisure Group - Key offerings
- 12.9 IMG Artists
- Exhibit 132: IMG Artists - Overview
- Exhibit 133: IMG Artists - Product / Service
- Exhibit 134: IMG Artists - Key offerings
- 12.10 irque du Soleil Entertainment Group
- Exhibit 135: irque du Soleil Entertainment Group - Overview
- Exhibit 136: irque du Soleil Entertainment Group - Product / Service
- Exhibit 137: irque du Soleil Entertainment Group - Key offerings
- 12.11 Merlin Entertainments Group Ltd.
- Exhibit 138: Merlin Entertainments Group Ltd. - Overview
- Exhibit 139: Merlin Entertainments Group Ltd. - Business segments
- Exhibit 140: Merlin Entertainments Group Ltd. - Key news
- Exhibit 141: Merlin Entertainments Group Ltd. - Key offerings
- Exhibit 142: Merlin Entertainments Group Ltd. - Segment focus
- 12.12 PARQUES REUNIDOS SERVICIOS CENTRALES SA
- Exhibit 143: PARQUES REUNIDOS SERVICIOS CENTRALES SA - Overview
- Exhibit 144: PARQUES REUNIDOS SERVICIOS CENTRALES SA - Product / Service
- Exhibit 145: PARQUES REUNIDOS SERVICIOS CENTRALES SA - Key offerings
- 12.13 SeaWorld Entertainment Inc.
- Exhibit 146: SeaWorld Entertainment Inc. - Overview
- Exhibit 147: SeaWorld Entertainment Inc. - Product / Service
- Exhibit 148: SeaWorld Entertainment Inc. - Key offerings
- 12.14 Six Flags Entertainment Corp.
- Exhibit 149: Six Flags Entertainment Corp. - Overview
- Exhibit 150: Six Flags Entertainment Corp. - Product / Service
- Exhibit 151: Six Flags Entertainment Corp. - Key offerings
- 12.15 The Walt Disney Co.
- Exhibit 152: The Walt Disney Co. - Overview
- Exhibit 153: The Walt Disney Co. - Business segments
- Exhibit 154: The Walt Disney Co. - Key offerings
- Exhibit 155: The Walt Disney Co. - Segment focus
- 12.16 Timezone Entertainment Pvt. Ltd.
- Exhibit 156: Timezone Entertainment Pvt. Ltd. - Overview
- Exhibit 157: Timezone Entertainment Pvt. Ltd. - Product / Service
- Exhibit 158: Timezone Entertainment Pvt. Ltd. - Key offerings
- 12.17 Universal Studios Recreation Group
- Exhibit 159: Universal Studios Recreation Group - Overview
- Exhibit 160: Universal Studios Recreation Group - Product / Service
- Exhibit 161: Universal Studios Recreation Group - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources
- 13.5 List of abbreviations
- Exhibit 168: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Jesse Maida
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Website: www.technavio.com/
SOURCE Technavio
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