Saudi Arabia Amusement Park Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Saudi Amusement Park industry can be dated to 1986, when Atallah Theme Park was opened in 1986 across 45,000 square meters, followed by a renewal in 2008 and renovation and grand opening in 2010. Al Shallal theme park began construction in 1999 and became operational in 2004. The park is the topmost grossing theme park in terms of revenue and was built at a cost of USD 100 Million. The Al Hokair Group became a leading group in terms of entertainment and recreational venues with its Sparky’s brand, through which it increased its market penetration and introduced large scale entertainment for children. The company’s portfolio consisted of 100 entertainment centers across 24 cities. The liberalization of Saudi Arabia led to the Saudi Vision 2030, where megaprojects across KSA have been planned with completion before 2030 to increase entertainment revenue. Saudi Arabia has allowed women to enter amusement parks and entertainment venues, leading to the establishment of Al Hokair Time, Saudi’s the first women-only theme park, as well as Women’s only night in various other theme parks, thereby increasing visitors. The Public Investment Fund of the Kingdom has announced to invest in setting up three theme parks under Six Flags brand in Saudi Arabia which is expected to operate by 2021, thereby helping the market to increase the revenues in the long term. Increasing urbanization coupled with expenditure on entertainment activities will drive growth in the future. As part of the Vision 2030, the KSA the government aims to build top entertainment hubs including 15 new amusement parks across 13 cities, with the government aiming to increasing spend on recreation from 2.3% to 6%. According to the Saudi Investment Authority, preference towards amusement parks ranks higher than cinemas, water parks and other recreational and entertainment activities, as the park is family-oriented, and includes larger audiences. Saudi Arabia Amusement Park Market Segmentation By Revenue Stream (Ticket Sales/Admissions, F&B, Merchandize, Games and Others) Admissions had the majority share of revenue streams. In 2019, Admissions to amusement parks contributed ~% to the revenues generated by the market players. Private parties and groups are charges SAR ~ over the ticket price to accommodate dining faculties. Parks organizes group parties with at least 20 people group. Student admission tickets were observed to be least priced ranging from 40-60 SAR, with provisions for rides as well as catering. Highest student admissions were observed during weekdays. F&B: Major theme parks in Saudi Arabia have well-known restaurants and eateries present within their premises. People spend an average of three hours in a park which raises the demand for such food outlets. The increased demand for restaurants due to growing footfall in theme parks has made this segment contribute ~% in terms of revenue during 2019. Merchandising showcased dominant share owing to a large number of corporate or school tours visits to theme parks being one of the major entertainment sources in Saudi Arabia. Gifts and accessories shops, toy stores and other outlets which sell merchandise related to a particular park and add to the revenues of theme parks operating in the country. Since this merchandise is available at a high price, this segment added ~% to the revenues earned by theme parks in Saudi Arabia in 2019. Arcade games among the revenue contributors to theme parks in the country. Theme parks also offer monthly and an annual subscription to their services, wherein onetime payment is made for a particular period; thereby adding to the overall revenues. Other ancillary services including parking services offered by theme park operators also contribute to the revenues. Parking and Royalty from third party vendors is also a part of this segment as these vendors either share their sales profits or provide fixed monthly rent. Various partners such as hospitality, television, print and social media sponsors and various local partners have come together with an entertainment destination to attract customers and creating a revenue source for amusement parks in the process. Future Outlook for Saudi Arabia Movie Theater Industry 2019-2025f The movie theater industry in Saudi Arabia is expected to grow at ~% CAGR from 2019 to 2025F. With licenses granted to more than ~ international movie theater operators as of 2020, and more operators slated to enter the market, the market stage can be expected to enter late growth during the forecast period. As more players enter the market, the competition is also estimated to become less concentrated. High spending the appetite of Saudi and Non-Saudi nationals will also allow theater operators to offer luxury movie viewing and value-added services, thereby increasing the share of F&B revenues. Comparative Landscape in Saudi Arabia Amusement Park Market The competition scenario is fragmented in Saudi Arabia Amusement park market with top 5 amusement parks accounting for nearly ~% of the market in terms of annual revenue as of December 2019. In terms of holding groups, Dubai based Majid Al Futtaim, Fakieh Group, Al Hokair the group is the top three holding groups in the entertainment industry. Future Outlook for Saudi Arabia Amusement Park Market 2019-2025f The Amusement Park market in Saudi Arabia is expected to grow at ~% CAGR from 2019 to 2025. The growth will be driven by an increase in tourists into Saudi Arabia, the opening of at least ~ amusement and theme parks by 2020, construction and completion of various phases of Giga projects and an overall increase in leisure and entertainment industry in the Middle East, which is expected to receive at least USD ~ Million investments in 2020. The demand for various sizes of amusement parks will drive their establishment in various small, medium and large cities, allowing the various private companies to partner with Saudi Authorities. Key Segments Covered: – Movie Theater Market Ticket Admissions Food and Beverages Advertisements and Sponsorships Amusement Park Market Ticket Admissions Food and Beverages Merchandise Games Others (Parking, Royalty and Sponsorships) Alternate Entertainment Investment VR Gaming Center Bowling Alley Trampoline Parks Key Target Audience Movie Theater Companies Film Distribution Companies Screen Format Companies (IMAX, 4D, 4DX) Government Entities Amusement Park Operators and Chains Real Estate Developers Mall Operators and Groups Time Period Captured in the Report: Historical Period – 2014-2019 Forecast Period – 2019-2025 Companies Covered in Report: AMC Theaters VOX Cinemas MUVI Cinemas Al Hokair Group Al Shallal Theme Park Off the Grind Emirates Bowling Alley BOUNCE Trampoline Park, Jeddah Key Topics Covered in the Report: – Saudi Arabia entertainment ventures Media and Entertainment Industry in Saudi Arabia Tourism, leisure and Entertainment in Saudi Arabia Funding Model for Amusement Parks in KSA Theme and Water Parks in Saudi Arabia Saudi Arabia Movie Theater Market Revenue in SAR Million Number of Hajj Pilgrims in Thousands KSA Saudi Arabia Theme Park Industry Jeddah AMC Theater Market Revenue Saudi Arabia Movie Theater Ticket Admissions Saudi Arabia Movie Theater Advertising Market KSA Leisure and Entertainment Industry Tourism and entertainment in Saudi Arabia Majid Al Futtaim Amusement Park Market Competitors VR Gaming Customer Preference Saudi Arabia For More Information on the research report, refer to below link: – Saudi Arabia Leisure and Entertainment Industry Growth Related Reports by Ken Research: – Global VR Gaming Market Outlook to 2022 – by Hardware, Software and Accessories (Motion Sensor, Masks & Gloves, Bodysuits and Others) and by Devices (PC, Consoles and Mobiles) Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth Qatar Theme Park Market Outlook to 2021 – Development of Theme Park Resorts and Edutainment Centers to Foster Growth Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Al Shallal Theme Park Market Revenue, Alternate Entertainment in Saudi Arabia, AMC Theatres Revenue Saudi Arabia, Bowling Alley and Trampoline Park in Saudi Arabia, Business Model for Amusement Parks in KSA, Case Study of Successful Amusement Parks in Saudi Arabia, cinema industry revenue, cinema market market, Entertainment and Media market, entertainment companies in saudi arabia, entertainment in saudi arabia, entertainment policy of saudi arabia, entertainment sector in KSA, Film Distribution Companies in Saudi Arabia, Funding Model for Amusement Parks in KSA, Future Of Saudi Arabia Leisure and Entertainment Industry, global movie market, Global Theater Industry, Global Theater Market, Jeddah AMC Theater Market Revenue, Jeddah BOUNCE Trampoline Park Market Report, Jeddah VOX Cinemas Ticket Sales 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