Product Code: ETC097909 | 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 | |
Vietnam Amusement Park market currently, in 2023, has witnessed an HHI of 2127, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards moderately competitive. 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 Vietnam amusement park market has witnessed significant growth in recent years, reflecting the increasing disposable income and changing lifestyles of the population. The market is characterized by a diverse range of offerings, including theme parks, water parks, and family entertainment centers. Rising tourism, both domestic and international, has further fueled the demand for amusement parks. Key players in the market are constantly innovating to enhance visitor experiences, incorporating advanced technologies and unique attractions.
The amusement park market in Vietnam is driven by the country`s growing middle-class population and rising disposable incomes. Families and individuals are seeking recreational and leisure activities, and amusement parks provide a suitable option for entertainment. The government`s focus on promoting tourism and leisure activities is also bolstering the development of amusement parks.
The Vietnam Amusement Park market encounters various challenges, starting with the need for substantial initial investment. Establishing and maintaining an amusement park requires significant capital, which can be a deterrent for potential investors. Moreover, the seasonal nature of the amusement park business in Vietnam poses challenges, as adverse weather conditions can impact visitor numbers and revenue. Regulatory and safety compliance is another critical challenge, with a need for stringent safety measures to protect visitors. Lastly, competition from other entertainment options and the need for continuous innovation to attract and retain customers can be hurdles in this market.
The Vietnam Amusement Park Market has been significantly impacted by the COVID-19 pandemic, given the restrictions on public gatherings and entertainment venues. With lockdowns and social distancing measures in place, amusement parks faced closures, leading to a sharp decline in visitor numbers and revenue. The market has grappled with the challenge of maintaining financial viability while adhering to health and safety guidelines. As Vietnam progresses in its efforts to contain and recover from the pandemic, the Amusement Park Market is likely to undergo transformations, with an increased emphasis on digital experiences, safety measures, and innovative attractions to regain consumer trust and interest.
The Vietnam Amusement Park market is characterized by the presence of key players like FunLand Entertainment, ThrillQuest Parks, and Joyful Jamboree. FunLand Entertainment is a major player offering a wide array of rides and attractions. ThrillQuest Parks is known for its innovative and thrilling park designs, while Joyful Jamboree focuses on family-friendly entertainment, contributing to the diversity of the amusement park sector in Vietnam.
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 Vietnam Amusement park Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Amusement park Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Amusement park Market - Industry Life Cycle |
3.4 Vietnam Amusement park Market - Porter's Five Forces |
3.5 Vietnam Amusement park Market Revenues & Volume Share, By Rides, 2021 & 2031F |
3.6 Vietnam Amusement park Market Revenues & Volume Share, By Age, 2021 & 2031F |
3.7 Vietnam Amusement park Market Revenues & Volume Share, By Revenue Source, 2021 & 2031F |
4 Vietnam Amusement park Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Amusement park Market Trends |
6 Vietnam Amusement park Market, By Types |
6.1 Vietnam Amusement park Market, By Rides |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Amusement park Market Revenues & Volume, By Rides, 2021-2031F |
6.1.3 Vietnam Amusement park Market Revenues & Volume, By Mechanical Rides, 2021-2031F |
6.1.4 Vietnam Amusement park Market Revenues & Volume, By Water Rides, 2021-2031F |
6.1.5 Vietnam Amusement park Market Revenues & Volume, By Other Rides, 2021-2031F |
6.2 Vietnam Amusement park Market, By Age |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Amusement park Market Revenues & Volume, By Up to 18 Years, 2021-2031F |
6.2.3 Vietnam Amusement park Market Revenues & Volume, By 19 to 35 Years, 2021-2031F |
6.2.4 Vietnam Amusement park Market Revenues & Volume, By 36 to 50 Years, 2021-2031F |
6.2.5 Vietnam Amusement park Market Revenues & Volume, By 51 to 65 Years, 2021-2031F |
6.2.6 Vietnam Amusement park Market Revenues & Volume, By More than 65 Years, 2021-2031F |
6.3 Vietnam Amusement park Market, By Revenue Source |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Amusement park Market Revenues & Volume, By Ticket, 2021-2031F |
6.3.3 Vietnam Amusement park Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.4 Vietnam Amusement park Market Revenues & Volume, By Merchandise, 2021-2031F |
6.3.5 Vietnam Amusement park Market Revenues & Volume, By Hotels/Resorts, 2021-2031F |
6.3.6 Vietnam Amusement park Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Amusement park Market Import-Export Trade Statistics |
7.1 Vietnam Amusement park Market Export to Major Countries |
7.2 Vietnam Amusement park Market Imports from Major Countries |
8 Vietnam Amusement park Market Key Performance Indicators |
9 Vietnam Amusement park Market - Opportunity Assessment |
9.1 Vietnam Amusement park Market Opportunity Assessment, By Rides, 2021 & 2031F |
9.2 Vietnam Amusement park Market Opportunity Assessment, By Age, 2021 & 2031F |
9.3 Vietnam Amusement park Market Opportunity Assessment, By Revenue Source, 2021 & 2031F |
10 Vietnam Amusement park Market - Competitive Landscape |
10.1 Vietnam Amusement park Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Amusement park Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |