Thrill ride: Healthy US economic growth will boost industry revenue

The Amusement Parks industry has experienced strong growth over the five years to 2018, largely driven by an increase in international and domestic visitor numbers and rising consumer spending. The expansion of the domestic economy has enabled consumers to increase spending on amusement park admissions and vacation packages. Furthermore, amusement parks have become savvier at garnering revenue from their guests through sales beyond the cost of admission. Domestic opportunities for exploitation still exist, especially for the industry's largest players; however, growth over the next five years is expected to be subdued compared with the previous period, representing the effects of a stabilizing US economy...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Broad improvements in the US economy and increased travel activity are the main drivers of the industry
  • Many amusement parks are subject to extreme volatility due to seasonal factors, such as weather
  • Vacation packages that offer all-inclusive resort and park admissions are particularly advantageous
  • Industry Report - Industry SWOT Analysis Chapter

    The Amusement Parks industry is in the growth phase of its life cycle, which is illustrated by a steady increase in the number of industry operators and the consistent introduction of new products and services into the market. Additionally, over the coming years, the industry is estimated to grow at a substantially faster rate than the overall US economy. Over the 10 years to 2023, the industry's contribution to the economy, measured by industry value added (IVA), is projected to increase at an annualized rate of 3.0%. Comparatively, US GDP is expected to grow at an annualized rate of just 2.2% during the same period.Industry concentration has increased substantially in recent years as the industry's largest players have developed new ways to expand market share. For...purchase to read more.

    Additional Insights for the Amusement Parks Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Amusement Parks Industry are

  • Access to multiskilled and flexible workforce
  • Proximity to key markets
  • Carrying out all necessary maintenance to keep facilities in good condition
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Domestic trips by US residents in the Amusement Parks industry impact industry performance..

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    What's in this report

    What is the Amusement Parks Industry?

    Amusement and theme park companies in this industry operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions. Industry establishments may also lease space on a contract basis.

    Industry Products
  • Admissions, rides and games
  • Food and beverages
  • Merchandise
  • Industry Activities
  • Operating theme parks
  • Operating water parks
  • Operating amusement piers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Domestic trips by US residents
  • Inbound trips by non-US residents
  • Time spent on leisure and sports
  • Number of adolescents aged 10 to 19

  • Current Performance
  • Attendance returns
  • Industry structure
  • Profit volatility
  • Chart: Revenue Growth

  • Industry Outlook
  • New attractions drive interest
  • Consolidation by necessity
  • Future challenges
  • Table: Amusement Parks Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Amusement Parks Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Advertising Agencies
  • Beer Wholesaling
  • Confectionery Wholesaling
  • Food Service Contractors
  • Hotels & Motels
  • Musical Groups & Artists
  • Vending Machine Operators
  • Wine & Spirits Wholesaling

  • Products & Services
  • Admissions, rides and games
  • Food and beverages
  • Merchandise
  • Other
  • Chart: Amusement Parks Industry Products and Services Segmentation

  • Demand Determinants
  • Destination amusement parks
  • Weather and travel
  • Offerings

  • Major Markets
  • Domestic visitors younger than 18
  • Domestic visitors aged 18 to 34
  • Domestic visitors aged 45 to 54
  • Domestic visitors aged 35 to 44
  • Domestic visitors aged 55 to 64
  • International visitors
  • Domestic visitors older than 65
  • Chart: Major Market Segmentation for the Amusement Parks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesPurchases and DepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Amusement Parks

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Amusement Parks Industry

  • Industry Globalization
    The Walt Disney Company, NBCUniversal Media LLC, Six Flags Entertainment Corporation, SeaWorld Entertainment Inc., Cedar Fair LP,
  • Table: The Walt Disney Company - financial performance
  • Table: NBCUniversal Media LLC - financial performance
  • Table: Six Flags Entertainment Corporation - financial performance
  • Table: SeaWorld Entertainment Inc. - financial performance
  • Table: Cedar Fair LP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Amusement Parks Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Amusement Parks Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Combination Park
  • A park that has both indoor and outdoor attractions.
  • Destination Park
  • A park that attracts visitors from outside the regional area who visit the location for the specific purpose of going to the park.
  • In-Park Spending
  • Average amount of money spent per visitor on tickets, food, beverages, souvenirs and other in-park purchases.
  • Season Pass
  • A ticket that permits visitors multiple entries for a defined period or season for one price.
  • What Our Customers Say

    Why buy this report?

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    This report on Amusement Parks:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Amusement Parks market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Amusement Parks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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