Amusement Parks Market size was over USD 65.1 billion in 2023 and is expected to reach USD 125.2 billion by the end of 2036, witnessing around 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of amusement parks is assessed at USD 70.1 billion.
The global tourism has risen in recent years, which is expected to significantly boost the amusement parks market. According to the World Travel & Tourism Council (WTTC), travel and tourism will have a record-breaking year in 2024 and will contribute a staggering USD 11.1 trillion to global GDP. The increasing consumer demand for unique and immersive experiences has fueled due to the need for novel entertainment options and the influence of social media. Additionally, investments in advanced technologies, such as virtual reality (VR) and interactive rides, and efforts to create themed environments also contribute to amusement parks market growth.
Author Credits: Saima Khursheed
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