Thrill coaster: Revenue will rise as inbound and domestic trips climb

The Amusement Parks industry in Florida consists of companies that operate mechanical and water rides, games, themed exhibits, family-friendly shows and refreshment carts on a large plot of land. Florida is home to many of the nation's most well-recognized amusement parks, including Walt Disney World, Universal Studios Florida and SeaWorld Orlando. Over the five years to 2017, IBISWorld estimates that positive trends in both Florida's and the overall nation's consumer spending power has increased demand for the Amusement Parks industry in Florida. Paying for admission to industry establishments is considered highly discretionary, meaning attendance and revenue generally fall when the economy falters...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Consumers will continue their high rate of travel both domestically and internationally in the coming years, propelling growth
  • The state of Florida is considered the amusement park global capital
  • Industry demand and enterprise figures are both expected to grow
  • Industry Report - Starting a New Business Chapter

    The Amusement Parks industry has high barriers to entry. The capital outlay required to establish a park is extremely high, since operators must invest in large plots of land, mechanical rides, infrastructure and many employees; the average operator in this industry employs over 800 workers, and wages account for 23.6% of revenue. Operators that do not have the capital funds required to pay for all of these high-cost investments will not be able to successfully enter the industry.New entrants may also struggle to gain a reputation as a must-visit park. Since the industry is already saturated with many well-known and respected operators, such as Walt Disney World, new industry players will likely struggle to steal business from these incumbents...purchase to read more.

    Additional Insights for the Amusement Parks in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Amusement Parks in Florida 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 Domestic trips by US residents and Number of adolescents aged 10 to 19 in the Amusement Parks in Florida industry impact industry performance..

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    What's in this report

    What is the Amusement Parks in Florida Industry?

    Amusement and theme park companies operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions. 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
  • Domestic trips by US residents
  • Number of adolescents aged 10 to 19
  • Per capita disposable income
  • Time spent on leisure and sports
  • Consumer Spending in Florida
  • Inbound trips by non-US residents

  • Current Performance
  • Travel and attendance
  • Economic drivers
  • Chart: Revenue Growth

  • Industry Outlook
  • New attractions, high demand
  • Travel trends
  • Table: Amusement Parks in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Amusement Parks in Florida 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
  • Merchandise
  • Food and beverages
  • Other
  • Chart: Amusement Parks in Florida Industry Products and Services Segmentation

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

  • 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 in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Amusement Parks in Florida Industry

  • The Walt Disney Company, NBCUniversal Media LLC, SeaWorld Entertainment Inc., Merlin Entertainments,
  • Table: The Walt Disney Company - financial performance
  • Table: NBCUniversal Media LLC - financial performance
  • Table: SeaWorld Entertainment Inc. - financial performance
  • Table: Merlin Entertainments - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Amusement Parks in Florida 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 in Florida Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic trips by US residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Combination Park
  • A water park that has both indoor and outdoor attractions.
  • Destination Park
  • A water park that attracts visitors from outside the regional area who visit the location for the specific purpose of going to the water 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 allows visitors multiple entries over 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 in Florida:
    • 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 in Florida 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 in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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