$996.1m
$XX.Xbn
10,344
473
$XXX.Xm
Amusement parks and arcades are highly susceptible to consumer spending patterns and macroeconomic conditions, as the services they offer are entirely discretionary. Entertainment and leisure options abound, so even when conditions are positive, competition is stiff. At the pandemic's height, most locations were forced to shutter their doors, at least temporarily, due to health and safety concerns. Revenue tanked, alongside profit, as businesses were unable to generate any sales during that time. Yet, as conditions improved, and consumers found themselves with more cash on hand, many flocked back to amusement parks and arcades, resulting in astronomical sales. Over the past five years, revenue has been growing at a CAGR of 0.9% and is expected to reach $940.0 million in 2023 when revenue will rise an estimated 10.3%.Despite the swift recovery in revenue, most amusement parks and arcades struggled to regain profitability. Amusement parks, in particular, typically operate on a seasonal basis, given many are outdoors. With full seasons wiped away by the pandemic, many locations were unable to manage, closing their doors for good. Those that pulled through slashed admission prices and offered discounts to usher consumers back, slowing profit's rebound. Yet, as economic conditions improved, many bolstered on-site services, like dining options, enabling growth.Over the next five years, amusement parks and arcades will benefit from stabler economic conditions and a rise in consumer confidence. Tourism expenditure is likely to expand, and more consumers will visit amusement parks and arcades, spending greater sums on expanded offerings. International visitors, who tend to spend more than domestic attendants, will increase, further buoying revenue. Still, competition from other sources of entertainment will only increase, tempering growth and meaning businesses will need to constantly innovate to keep consumers interested. Over the five years to 2028, revenue is forecast to grow at a CAGR of 2.2% to $1.0 billion.
Industry revenue has grown at a CAGR of 1.2 % over the past five years, to reach an estimated $996.1m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Cedar Fair LP | 194.9 | 36.8 | 18.9 | |
Six Flags Entertainment Corporation | 75.1 | 11.7 | 15.6 | |
CEC Entertainment Inc. | 14.1 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Admissions, Sales of food and beverages and Merchandise. Admissions is the largest segment of the Amusement Parks & Arcades in Canada.
Admissions are still king but their power is shrinking
The Amusement Parks and Arcades industry in Canada operates amusement or theme parks that host a variety of attractions, such as mechanical rides, water slides, games, shows and theme exhibits. These operators may lease space to others on a concession basis.
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NAICS 7131 - Amusement Parks & Arcades in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue rebounded swiftly from pandemic lows. Amid the pandemic’s height, many amusement parks and arcades were forced to temporarily close, and consumers ceased visits amid ...
Learn about an industry's products and services, markets and trends in international trade.
Families are the prime demographic. Working-age adults with families visit amusement parks and arcades most often and are most likely to spend larger sums during visits.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Climate and population are key. Amusement parks, in particular, are typically outdoors, so operating in a favorable climate means longer peak seasons.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Investing in new attractions is key. The range of entertainment options is always rising, so amusement parks and arcades must regularly invest in new attractions to retain an...
Learn about the performance of the top companies in the industry.
The biggest companies operate internationally. Brand recognition helps attract international tourists who trust well-known names.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Though quality service is important, capital intensity is high. Amusement parks, in particular, require significant investment in rides, attractions and games, all of which a...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rent is the second-largest cost for amusement parks and arcades. The amount of space needed to run an amusement park is considerable and the most successful arcades are locat...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Amusement Parks & Arcades industry in Canada is $996.1m in 2024.
There are 473 businesses in the Amusement Parks & Arcades industry in Canada, which has grown at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Amusement Parks & Arcades industry in Canada has been growing at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Amusement Parks & Arcades industry in Canada is expected to grow.
The biggest companies operating in the Amusement Parks & Arcades market in Canada are Cedar Fair LP, Six Flags Entertainment Corporation and CEC Entertainment Inc.
Operating theme parks and Operating water parks are part of the Amusement Parks & Arcades industry.
The company holding the most market share in Canada is Cedar Fair LP.
The level of competition is high and increasing in the Amusement Parks & Arcades industry in Canada.