Latest News- Amusement and Theme Park Market in US: Mechanical rides is expected to lead the Type segment during 2024-2028

The Amusement and Theme Park Market in US is being driven by Rising investments in high-thrill roller coasters

The Amusement and Theme Park Market in US is expected to grow at a CAGR of 3.88% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4020.45 million. The amusement and theme park industry in the US has experienced significant advancements due to extensive research and development activities. Innovations such as pneumatic tower rides, interactive dark and 4D rides, hydraulic launch coasters, and giant rides have been introduced to attract customers with modern amenities. One notable innovation is the implementation of specialized personal assistant devices, which streamline the customer experience by minimizing queuing, ordering food, online ticketing, and locker booking, all supported by fingerprint recognition technology. Pioneers like Walt Disney continue to drive innovation in the sector, with initiatives such as Disney Innovation Day, inviting startups to present their product lines, and advanced entertainment offerings like augmented reality video games, robotic pixel displays, and 3D representation of shows such as Mickey's PhilharMagic and Shrek 4-D. 

Get more information on Amusement and Theme Park Market in US by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Mechanical rides
  • Water rides
  • Other rides
• Revenue
  • Tickets
  • Hospitality
  • Merchandising
  • Others
• Gender
  • Male
  • Female
• Visitor Type
  • Families
  • Teenagers
  • Adults
  • Tourists
• Technology
  • AR/VR Attractions
  • Smart Ticketing
  • Interactive Rides
• Geography
  • US

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

• Rising investments in high-thrill roller coasters
• Rise in number of baby-boomer visitors
• Blockchain and virtual assistants coping up labor shortage

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

• Risks associated with amusement parks
• Seasonal nature of amusement and theme park industry
• High operational and maintenance costs incurred in amusement and theme park industry

Benefits of Buying Global Amusement and Theme Park Market in US Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Amusement and Theme Park Market in US Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Amusement and Theme Park industry in the US is embracing advanced technologies to enhance visitor experience and optimize operations. Integration of technology includes data analytics, predictive modeling, simulation software, ride simulators, and AI for crowd control and park operations. Facilities also utilize visitor tracking systems, facial recognition, biometric technology, automated queuing, digital signage, interactive kiosks, mobile ticketing, cashless payment systems, and virtual queuing. Online booking, guest surveys, and feedback management are essential for improving guest satisfaction. Employee scheduling, inventory management, supply chain optimization, risk management, safety audits, accessibility compliance, sustainability reporting, and performance metrics are crucial for efficient park management. Additionally, focus on sustainability with reporting of carbon footprint, energy consumption, water usage, and waste generation. Employee retention is fostered through training programs and performance metrics.

Market Research Overview

The Amusement and Theme Park market in the US is a significant segment of the global Leisure Facilities Market, which encompasses companies operating in various sectors such as sports and fitness centers, stadiums, golf courses, and amusement parks. According to Technavio, the global Leisure Facilities Market, which also includes revenue from casinos and gaming, hotels, resorts, and cruise lines, restaurants, and amusement parks, is projected to grow due to increasing disposable income leading to higher discretionary spending on offerings like roller coasters, water rides, dark rides, interactive rides, character meet-and-greets, merchandise sales, ticket sales, season passes, group bookings, and special events.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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/