Industry Analysis & Industry Trends
There has been a steady increase in the number of amusement parks in China as households look for new and exciting ways to spend their leisure time and amusement parks improve their marketing. As a result, revenue for the Amusement Parks industry in China has been increasing over the past five years at an annualized rate of 11.3%. In 2017, industry revenue is expected to grow 9.7% to $4.1 billion.
The top four operators account for 14.7% of total revenue in 2017; this share is expected to increase as visitor numbers and gate receipts for the industry's largest amusement parks increase steadily. Fewer new players will enter the industry due to high and increasing barriers to entry.... purchase to read more
Industry Report - Starting a New Business Chapter
High equipment costs
The large amount of large-scale equipment in amusement parks has resulted in extremely high capital funding requirements. Prospective entrants therefore face high start-up costs. In addition, high repair and maintenance costs for amusement park equipment increase the barriers to entering this industry.
Land use and prices
Land prices in China have increased in recent years, and spaces large enough to establish a new amusement park, especially in a suitable location with good traffic flow, are in demand. The competition for locations is therefore quite intensive, and most good locations are already occupied by existing amusement park firms.
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