Middle East Amusement Parks Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.04 Billion |
| Market Size (2029) | USD 2.34 Billion |
| CAGR (2024 - 2029) | 2.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East Amusement Parks Market Analysis
The Middle East Amusement Parks Market size is estimated at USD 2.04 billion in 2024, and is expected to reach USD 2.34 billion by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).
Amusement parks are a source of entertainment for people of all ages, offering various attractions and activities. Recently, the Middle East market has experienced a significant increase in the popularity of theme parks, which serves as an essential driver. Amusement Park theme-based attractions drive the market growth, and customers spend more of their income on leisure and entertainment. The market has grown substantially recently, fueled by an increasing demand for immersive entertainment experiences. As the industry in the Middle East evolves, collaboration and partnerships among its players are arising as strategic opportunities for sustained growth and innovation.
Collaboration and partnership among industry players represent a golden opportunity for the market. Organizations have the opportunity to navigate the challenges presented by the changing entertainment landscape, fostering innovation and crafting immersive experiences that resonate with global audiences by leveraging each other's strengths and resources. Hence, increasing collaboration and partnership among market players is expected to create market growth opportunities.
Middle East Amusement Parks Market Trends
Increasing Disposable Income is Driving the Market
Disposable income is a key factor driving the amusement parks market in the Middle East. As the disposable income of families in the region grows, they are spending more on leisure activities, including visiting amusement parks. Consumers are willing to pay for premium experiences, such as VIP passes or fast-track ride access, as consumers include more disposable income. These are becoming increasingly popular in amusement parks in the Middle East.
With increased disposable income, consumers in the region are increasingly attracted to international brands, which led to the development of amusement parks featuring well-known international franchises. Amusement parks are about more than just the rides. They also offer retail and dining experiences. With more disposable income, visitors are spending more on merchandise and food, driving the growth of the retail and dining sector within amusement parks. As disposable income increases, more families in the region are opting for staycations, where they stay in local hotels or resorts and visit nearby amusement parks for entertainment.
Government Policies is Drving the Market
Government policies are playing a crucial role in driving the amusement park market growth in the Middle East. Governments in the region are offering various incentives, such as tax exemptions, to encourage private sector investment in the amusement parks industry. Governments in the Middle East are increasingly partnering with private companies to develop and operate amusement parks, which helped to increase the number of parks in the region.
Governments in the region are investing heavily in infrastructure development to support the tourism industry growth, including amusement parks. Governments in the Middle East are streamlining the approval processes for new amusement parks, which helped to reduce the time and cost of setting up new parks. The region's governments enforce strict safety and quality standards for amusement parks. It helped improve the industry's overall reputation and increase consumer confidence.
Middle East Amusement Parks Industry Overview
The report covers the major international players operating in the Middle East amusement parks market. Regarding market share, the market is currently fragmented with many players. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
Middle East Amusement Parks Market Leaders
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Al Montazah Parks
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Ferrari World Abu Dhabi
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Global Village
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Ski Dubai
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Warner Bros
*Disclaimer: Major Players sorted in no particular order
Middle East Amusement Parks Market News
- Jan 2023: Dubai Parks and Resorts, the largest theme park in the Middle East, signed a multi-year partnership with Tabby, the MENA's largest shopping and payments app, to launch a new 'Buy Now Pay Later' payment option using Tabby Card.
- Nov 2022: Dubai Parks and Resorts launched the world's first Real Madrid theme park. Real Madrid and Dubai Parks and Resorts agreed to launch the first Real Madrid theme park in the Middle East. This innovative new experience will allow families and all football and sports fans, regardless of age, to immerse themselves in the culture of the world's greatest football club.
Middle East Amusement Parks Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Rides
5.1.1 Mechanical Rides
5.1.2 Water Rides
5.1.3 Other Rides
5.2 By Age
5.2.1 Upto 18 years
5.2.2 19 to 35 years
5.2.3 36 to 50 years
5.2.4 51 to 65 years
5.2.5 More than 65 years
5.3 By Revenue Source
5.3.1 Tickets
5.3.2 Food & Beverages
5.3.3 Merchandise
5.3.4 Hotels/Resorts
5.3.5 Others
5.4 By Country
5.4.1 United Arab Emirates
5.4.2 Saudi Arabia
5.4.3 Iran
5.4.4 Rest of Middle East
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Al Montazah Parks
6.2.2 Ferrari World Abu Dhabi
6.2.3 Global Village
6.2.4 Ski Dubai
6.2.5 Warner Bros
6.2.6 LEGOLAND Dubai
6.2.7 Motiongate Dubai
6.2.8 IMG Worlds of Adventure
6.2.9 City Centre Mall
6.2.10 Dubai Parks and Resorts*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Middle East Amusement Parks Industry Segmentation
The amusement park is a place that includes many games and rides such as roller coasters and merry-go-rounds for entertainment. This report will provide a detailed analysis of the Middle East amusement parks market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.
The Middle East amusement parks market is segmented by rides, age, revenue source, and country. By rides, the market is sub-segmented into mechanical rides, water rides, and other rides. By age, the market is sub-segmented into up to 18 years, 19 to 35 years, 36 to 50 years, 51 to 65 years, and more than 65 years. By revenue source, the market is sub-segmented into tickets, food & beverages, merchandise, hotels/resorts, and others. By country, the market is sub-segmented into the United Arab Emirates, Saudi Arabia, Iran, and the Rest of the Middle East. The report offers market size and forecasts in value (USD) for all the above segments.
| By Rides | |
| Mechanical Rides | |
| Water Rides | |
| Other Rides |
| By Age | |
| Upto 18 years | |
| 19 to 35 years | |
| 36 to 50 years | |
| 51 to 65 years | |
| More than 65 years |
| By Revenue Source | |
| Tickets | |
| Food & Beverages | |
| Merchandise | |
| Hotels/Resorts | |
| Others |
| By Country | |
| United Arab Emirates | |
| Saudi Arabia | |
| Iran | |
| Rest of Middle East |
Middle East Amusement Parks Market Research Faqs
How big is the Middle East Amusement Parks Market?
The Middle East Amusement Parks Market size is expected to reach USD 2.04 billion in 2024 and grow at a CAGR of 2.80% to reach USD 2.34 billion by 2029.
What is the current Middle East Amusement Parks Market size?
In 2024, the Middle East Amusement Parks Market size is expected to reach USD 2.04 billion.
Who are the key players in Middle East Amusement Parks Market?
Al Montazah Parks, Ferrari World Abu Dhabi, Global Village, Ski Dubai and Warner Bros are the major companies operating in the Middle East Amusement Parks Market.
What years does this Middle East Amusement Parks Market cover, and what was the market size in 2023?
In 2023, the Middle East Amusement Parks Market size was estimated at USD 1.98 billion. The report covers the Middle East Amusement Parks Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Amusement Parks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Amusement Parks Industry Report
Statistics for the 2024 Middle East Amusement Parks market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Middle East Amusement Parks analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
