Thrill ride: An increase in international and domestic visitor numbers will benefit the industry

The Amusement Parks and Arcades industry in Canada has experienced soaring growth over the past five years, largely driven by an increase in international and domestic visitor numbers and rising consumer spending. Amusement and theme park companies operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions for consumer entertainment. During the five-year period, the amusement parks segment held up the industry as the arcades segment continued its long-term structural decline. Slow revenue growth is expected to continue over the next five years. The amusement parks segment of the industry will continue to grow in prominence as arcades become increasingly irrelevant in the wake of more sophisticated at-home entertainment options...read more.

Industry Statistics & Market Size
Revenue
$600m
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
11,030
Businesses
576
Market Share of Companies

Industry Threats & Opportunities

  • Amusement park operators will need to continually invest in new rides and attractions to maintain consumer interest
  • The arcade segment of the industry has continued to suffer due to intense competition
  • Families with teenagers are one of the industry’s most important markets
  • Industry Report - Starting a New Business Chapter

    The Amusement Parks and Arcades industry in Canada has high barriers to entry, particularly for theme parks with major roller coasters and water parks. The industry has a medium level of concentration, which is not restrictive, and regulation is not overbearing. However, the industry is capital intensive and developing an amusement park of any size and scale requires significant capital. Arcade operators contend with lower barriers to entry. Although initial capital is required to open arcade, such operations are much smaller and largely exempt from weather-related factors.CapitalThe largest barrier to entry for the industry is obtaining initial capital that is required to begin operations. At ...purchase to read more.

    Additional Insights for the Amusement Parks & Arcades Industry

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

  • Access to multiskilled and flexible workforce
  • Carrying out all necessary maintenance to keep facilities in good condition
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Leisure time in the Amusement Parks & Arcades industry impact industry performance..

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    What's in this report

    What is the Amusement Parks & Arcades Industry?

    This industry operates amusement or theme parks that host a variety of attractions such as mechanical rides, water slides, games, shows and theme exhibits. These establishments may lease space to others on a concession basis.

    Industry Products
  • Admission
  • Coin-operated games and rides
  • Sales of food and beverages
  • Sales of merchandise
  • Industry Activities
  • Operating theme parks
  • Operating water parks
  • Operating amusement piers
  • Operating amusement arcades
  • Operating debit-card and coin-operated games and rides
  • Selling food and beverages, including alcoholic beverages
  • Providing corporate and party event services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Leisure time
  • Number of children aged 19 and younger
  • Inbound international travel

  • Current Performance
  • Amusement park attendance grows
  • Arcade segment struggles
  • Volatility increases
  • Profit increases
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic trends
  • Arcade segment’s decline to continue
  • Establishment and employment growth
  • Table: Amusement Parks & Arcades Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Advertising Agencies in Canada
  • Beer, Wine & Spirits Wholesaling in Canada
  • Food Service Contractors in Canada
  • Hotels & Motels in Canada
  • Vending Machine Operators in Canada

  • Products & Services
  • Admission
  • Sales of food and beverages
  • Other
  • Sales of merchandise
  • Coin-operated games and rides
  • Chart: Amusement Parks & Arcades Industry Products and Services Segmentation

  • Demand Determinants
  • Household income and discretionary spending
  • Weather
  • Substitutes

  • Major Markets
  • Consumers aged 17 and younger
  • Consumers aged 36 and older
  • Consumers aged 18 to 35
  • International visitors
  • Chart: Major Market Segmentation for the Amusement Parks & Arcades Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesDepreciationPurchasesRent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Amusement Parks & Arcades

  • Basis of Competition
  • Price
  • Quality of experience
  • Location
  • External competition

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

  • Industry Globalization
    Cedar Fair LP, Six Flags Entertainment Corporation,
  • Table: Cedar Fair LP - financial performance
  • Table: Six Flags Entertainment Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Amusement Parks & Arcades 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 & Arcades Industry
    Includes:
  • 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
    Combination Park
  • An amusement park that has both indoor and outdoor attractions
  • Destination Park
  • An amusement park that attracts visitors from outside the regional area who visit the location for the specific purpose of going to the park.
  • In-Park Expenditure
  • Average amount of money spent per visitor on tickets, food, beverages, souvenirs and other in-park purchases.
  • Redemption Machines
  • Arcade games of skill that reward the player in the form of tickets that can be redeemed for prizes.
  • Season Pass
  • A ticket that allows visitors multiple entries over a defined period or season for one price.
  • Skill Games
  • Arcade games in which the user must use mechanical controls or rely on physical skill to win, such as pinball or free throw basketball games.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Amusement Parks & Arcades market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Amusement Parks & Arcades:
    • 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 & Arcades 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 & Arcades, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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