Product Code: ETC097906 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Amusement Park market currently, in 2023, has witnessed an HHI of 4311, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The amusement park market in Singapore is a dynamic and competitive sector that caters to both locals and tourists. Singapore boasts world-class amusement parks and entertainment complexes that offer a wide range of attractions, including roller coasters, water rides, and themed experiences. The country`s strategic location as a travel hub in Southeast Asia makes it a prime destination for tourists seeking entertainment and family-friendly activities. Moreover, Singapore tropical climate allows for year-round operation of outdoor parks, contributing to steady footfall. The market is characterized by continuous innovation and investment in new attractions and experiences to keep visitors engaged and returning. Furthermore, the integration of technology, such as virtual reality and augmented reality, has added a new dimension to the amusement park experience. Despite challenges related to seasonal fluctuations in tourism and competition from neighboring destinations, the outlook for the amusement park market in Singapore is positive, supported by a strong tourism industry and a commitment to delivering world-class entertainment.
Singapore is renowned for its world-class amusement parks and entertainment complexes. The amusement park market is expected to remain vibrant, with attractions like Universal Studios Singapore and Sentosa Island drawing both local and international visitors. The continued investment in new rides, themed experiences, and entertainment shows ensures that Singapore remains a top destination for family-friendly entertainment.
The amusement park industry in Singapore is expected to continue growing as tourism and entertainment remain key drivers of the economy. Investments in new attractions and experiences will likely boost visitor numbers. However, challenges may include increasing operational costs, changing consumer preferences, and competition from other entertainment options.
The amusement park industry in Singapore faced severe challenges during the COVID-19 pandemic. Government-imposed restrictions and safety concerns led to the temporary closure of many amusement parks, resulting in significant revenue losses. The industry also had to adapt by implementing strict health and safety measures upon reopening. The outlook for amusement parks is cautiously optimistic, with the expectation that domestic tourism and family entertainment will rebound as the situation improves and travel restrictions ease.
Singapore amusement park market is a dynamic and competitive industry, driven by the thriving tourism sector and the demand for family entertainment. Key players in this market include Universal Parks & Resorts, Resorts World Sentosa, and Wild Wild Wet. These companies have made substantial investments in creating world-class attractions, offering unique experiences, and ensuring top-notch guest satisfaction.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Amusement park Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Amusement park Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Amusement park Market - Industry Life Cycle |
3.4 Singapore Amusement park Market - Porter's Five Forces |
3.5 Singapore Amusement park Market Revenues & Volume Share, By Rides, 2021 & 2031F |
3.6 Singapore Amusement park Market Revenues & Volume Share, By Age, 2021 & 2031F |
3.7 Singapore Amusement park Market Revenues & Volume Share, By Revenue Source, 2021 & 2031F |
4 Singapore Amusement park Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Amusement park Market Trends |
6 Singapore Amusement park Market, By Types |
6.1 Singapore Amusement park Market, By Rides |
6.1.1 Overview and Analysis |
6.1.2 Singapore Amusement park Market Revenues & Volume, By Rides, 2021-2031F |
6.1.3 Singapore Amusement park Market Revenues & Volume, By Mechanical Rides, 2021-2031F |
6.1.4 Singapore Amusement park Market Revenues & Volume, By Water Rides, 2021-2031F |
6.1.5 Singapore Amusement park Market Revenues & Volume, By Other Rides, 2021-2031F |
6.2 Singapore Amusement park Market, By Age |
6.2.1 Overview and Analysis |
6.2.2 Singapore Amusement park Market Revenues & Volume, By Up to 18 Years, 2021-2031F |
6.2.3 Singapore Amusement park Market Revenues & Volume, By 19 to 35 Years, 2021-2031F |
6.2.4 Singapore Amusement park Market Revenues & Volume, By 36 to 50 Years, 2021-2031F |
6.2.5 Singapore Amusement park Market Revenues & Volume, By 51 to 65 Years, 2021-2031F |
6.2.6 Singapore Amusement park Market Revenues & Volume, By More than 65 Years, 2021-2031F |
6.3 Singapore Amusement park Market, By Revenue Source |
6.3.1 Overview and Analysis |
6.3.2 Singapore Amusement park Market Revenues & Volume, By Ticket, 2021-2031F |
6.3.3 Singapore Amusement park Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.4 Singapore Amusement park Market Revenues & Volume, By Merchandise, 2021-2031F |
6.3.5 Singapore Amusement park Market Revenues & Volume, By Hotels/Resorts, 2021-2031F |
6.3.6 Singapore Amusement park Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Amusement park Market Import-Export Trade Statistics |
7.1 Singapore Amusement park Market Export to Major Countries |
7.2 Singapore Amusement park Market Imports from Major Countries |
8 Singapore Amusement park Market Key Performance Indicators |
9 Singapore Amusement park Market - Opportunity Assessment |
9.1 Singapore Amusement park Market Opportunity Assessment, By Rides, 2021 & 2031F |
9.2 Singapore Amusement park Market Opportunity Assessment, By Age, 2021 & 2031F |
9.3 Singapore Amusement park Market Opportunity Assessment, By Revenue Source, 2021 & 2031F |
10 Singapore Amusement park Market - Competitive Landscape |
10.1 Singapore Amusement park Market Revenue Share, By Companies, 2024 |
10.2 Singapore Amusement park Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |