The Indian amusement park segment is valued at $400m, co pared to the $25bn global amusement park segment, offering immense growth opportunities. With rising income levels, increased domestic tourism and rise in discretionary spending, we expect the amusement park culture to pick up significantly as an alternative source of entertainment.
We expect amusement parks to emerge as a strong avenue of entertainment, driven by the rise in income levels and increasing leisure spends.
The global amusement-park industry is estimated at $25bn, expected to touch $32bn by FY17, a 9% CAGR. There are over 800 amusement parks worldwide with annual attendance of over 700m visitors.