Recreation Market 2020
Harrisburg, NC -- (SBWIRE) -- 10/20/2020 -- Recreation Global Market Report 2020-30: Covid 19 Impact and Recovery
The recreation market consists of sales of the use of recreational facilities, and recreational services and related goods by entities (organizations, sole traders and partnerships) that provide recreational services and related goods. Recreational activities include taking part in sporting activities and visiting museums, historical sites, zoos and parks and also witnessing spectator sports and events. Gambling except casino hotels can also be considered to be part of recreation market.
To enhance visitor experience, amusement parks are transforming their attractions from passive amusements into participatory adventures. Motion tracking enables amusement parks to offer virtual reality experiences built for multiple people to experience simultaneously. A new experience was demonstrated with motion tracking and massive 4k resolution projections at Disneyland California.
The global recreation market is expected to decline from $1486.2 billion in 2019 to $1431.7 billion in 2020 at a compound annual growth rate (CAGR) of -3.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1758.5 billion in 2023.
Top Leading Companies mentioned are
The Walt Disney Company; Las Vegas Sands; Universal Studios; MGM Resorts; Merlin Entertainment Group
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Asia Pacific was the largest region in the global recreation market, accounting for 33% of the market in 2019. North America was the second largest region accounting for 30% of the global recreation market. Africa was the smallest region in the global recreation market.
1) By Type: Amusements; Arts; Sports;
Essential points covered in Global Recreation Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global Recreation market?
What are the key markets trends impacting the growth of the global Recreation market?
What are the challenges to market growth?
Who are the key vendors in the global Recreation market?
What are the market opportunities and threats faced by the vendors in the global Recreation market?
What are the key outcomes of the five forces analysis of the global Recreation market?
This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the Recreation market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Recreation in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Recreation market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Recreation market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Identify growth segments for Recreation.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Benchmark performance against key competitors.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Recreation on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Recreation Market and assist manufacturers and Recreation organization to better grasp the development course of Recreation Market.
Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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