Latest News- Entertainment And Amusement Market: Theme Parks is expected to lead the Type segment during 2025-2029

The Entertainment And Amusement Market is being driven by Rapid growth of social media

The Entertainment And Amusement Market is expected to grow at a CAGR of 7.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1117.1 billion. Virtual reality technology has revolutionized the amusement and entertainment industry, particularly within the realm of theme parks. Traditional theme parks are integrating VR into existing attractions and creating stand-alone VR rides as a means to attract larger visitor numbers. Simultaneously, there are organizations investing substantial capital in the development of purpose-built VR theme parks. This trend is not only influencing marketing strategies but also the hospitality sector, generating new career opportunities. Virtual theme parks leverage 360-degree technology, offering users immersive, real-time experiences within a virtual world. The integration of virtual reality is expanding the horizons of theme parks, providing innovative and engaging experiences for visitors.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

Type
- Theme Parks
- Arcades
- Cinemas
- Live Events
Age Group
- 13 to 20 years
- Above 20 years
- Below 12 years
Technology
- VR Attractions
- Mobile Apps
- Cashless Payments
Distribution Channel
- Direct Ticketing
- Online Platforms
- Travel Agencies
Geography
- North America
  - Canada
  - Mexico
  - US
- Europe
  - Germany
  - UK
  - France
  - Italy
  - Spain
- APAC
  - China
  - India
  - Japan
  - South Korea
- South America
  - Brazil
- Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

Rapid growth of social media
Increased spending on entertainment and leisure activities
High investment in amusement parks

However, the market also witnesses some limitations, which are as follows:

High maintenance cost
Implementation of stringent regulations
Safety and risk associated with amusement parks

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Market Scope in Entertainment And Amusement Market Research Report

Market Scope
Report Coverage	Details
Page number	186
Base year	2024
Historic period	2019-2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 7.3%
Market growth 2025-2029	USD 1117.1 billion
Market structure	fragmentation
YoY growth 2024-2025(%)	6.3
Key countries	US, China, Germany, Canada, India, South Korea, France, Japan, Italy, Brazil, UAE, UK, Spain, Mexico, US, Canada, Germany, UK, France, Italy, China, Japan, India, and South Korea
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

The Entertainment and Amusement Market encompasses various sectors including Theme Park Design, Ride Engineering, Water Park Technology, Casino Management, Event Planning, Venue Operations, and Guest Flow Management. It also includes Interactive Exhibits, Educational Entertainment, Mobile Gaming, Interactive Media, Immersive Storytelling, Digital Art, Projection Mapping, Holographic Displays, Interactive Games, Arcade Games, Pinball Machines, Skill Games, Prize Redemption, Character Meet-and-Greets, Live Performances, Music Festivals, Gift Shops, Customer Service, Guest Services, Park Amenities, Accessibility Features, Safety Regulations, Security Measures, Environmental Sustainability, Energy Efficiency, Waste Management, Data-Driven Marketing, Predictive Analytics, Customer Insights, Personalized Offers, Social Media Integration, and Online Reviews. These elements come together to create unique and memorable experiences for visitors, leveraging technology, creativity, and exceptional customer service.

Market Research Overview

In the global leisure facilities market, as identified by Technavio, theme parks, amusement parks, water parks, entertainment venues, live events, and movie theaters are key sectors. This market is a segment of the larger hotels, restaurants, and leisure industry, which encompasses companies managing casinos and gaming, hotels, resorts, and cruise lines, leisure facilities, and restaurants. The growth of this industry is primarily driven by the rise in disposable income, leading to increased spending on recreational activities such as sports and fitness, arts, entertainment, and leisure facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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