The global amusement park industry is projected to grow at a CAGR of 5.8% through 2025. The Global Amusement Parks Market size was estimated at USD 48.26 billion in 2022. The market size of the amusement parks industry was 73.5 billion U.S. dollars in 2019. This figure was affected by approximately 30 percent in 2020 due to the coronavirus pandemic. The market size is forecast to increase in 2021 and by 2025, it is expected to surpass 89 billion U.S. dollars.
The projected revenue escalation to an exhilarating $21,963 Million by 2025 encapsulates the growing allure of this entertainment sector. The average profit margin for amusement parks ranges from 5%-10% of the total revenue earned.
An amusement park features various attractions, such as rides and games, as well as other events for entertainment purposes. Theme parks are a capital intensive business. This allows the amusement park to provide bigger and more complicated entertainment options such as roller coasters or simulation rides, as well as hotels.