Amusement Park Rides In Doha, Qatar Future Theme Park Projects - Ken Research
by Ashish Kumar Market ResearcherThe
report titled “Qatar Theme
Park Market Outlook to 2021 - Development of Theme Park Resorts and Edutainment
Centers to Foster Growth”
provides a comprehensive analysis of various amusement and water parks in the
Qatar. The report covers aspects such as market size on the basis of revenue
and segmentation by amusement and water parks and by revenue streams. In
addition to this, the report also covers customer profile, emerging trends,
market share and comparative landscape of major theme parks in Qatar. This
report will help industry consultants, theme park operators, leisure and
entertainment companies, potential entrants and other stakeholders to align
their market centric strategies according to the ongoing and expected trends in
the future.
Qatar Theme Park Market Overview
Qatar’s
economy is primarily dependent on its natural resources of petroleum and
natural gas, which accounts for approximately 60% of the country’s GDP.
However, Qatar has begun to diversify into allied sectors including leisure and
entertainment, due to the rising tourism in the country. The revenue generated
by theme parks in Qatar was estimated to incline to USD ~ million during 2016
from USD ~ million during 2014, registering a CAGR of ~% during the same
period. Highly innovative and unique theme park concepts catering to various
target audiences have been one of the factors that have aided revenue growth
during the review period.
Industry
insight has indicated that majority of theme parks operators have developed
rides that cater to children below the age of 18 years. The youth population in
the country inclined from ~ thousand individuals during 2014 to ~ thousand
individuals during 2016, resulting in increased theme park visitors during the
same period. The growth of this market will continue in the future with
increased theme parks opening to the public in 2017. In addition, government
initiatives to further augment tourism will also impact revenue generated by
the theme parks.
Qatar Theme Park Market Segmentation
By Type: The revenue generated by amusement parks in
the country inclined to USD ~ million during 2016, achieving single digit
growth during the review period. This segment has dominated the overall theme
park market revenues as companies have found amusement parks to be a more
lucrative investment compared to water parks. The revenues generated by water
parks in the country were estimated at USD ~ thousand during 2016, contributing
~% to overall theme park market revenue during the same year.
By Revenue Streams: The revenue generated from entry ticket sales
accounted for ~% of overall theme park market revenues during 2016. Admission
fee to amusement and water parks in Qatar range from as low as QAR 30 (USD 8.2)
to a high of QAR 150 (USD 41.2). The revenue generated from the sale of food
and beverages within theme parks accounted for ~% of overall theme park market
revenues during 2016. Restaurant owners have witnessed higher revenue
generation during summers due to increased theme park visitors during this
period.
Market Share of Major Theme Parks
Claimed
to be one of the biggest family entertainment destinations in Doha, Gondolania
theme park accounted for ~% of overall theme park market revenues generated
through admissions in the country during 2016.
City
Center and Circus Land had accounted for ~% and ~% respectively, of overall
theme park market revenues generated through admissions during 2016. Jungle
Zone had recently undergone a complete renovation to bring in dedicated play
areas for children of different age groups. Featuring unique rides and
attractions, this popular family destination gained high demand in the market,
providing park the respective share.
Future Outlook
The
revenue generated by theme parks in Qatar is projected to incline to USD ~
million during 2021 from USD ~ million during 2016, registering a CAGR of ~%
during the same period. The primary force that will drive the revenue of this
market will be the establishment of creative and unique theme parks coupled
with the growing tourism in the country during this period. Annual social and
cultural events in Qatar including the International Food Festival and Summer
Festival will aid the increasing inflow of tourists into the country. The total
number of tourist coming into the country is estimated to incline to ~ million
by 2021. Amusement parks and water Parks are projected to witness a CAGR of ~%
and ~% respectively, during the period 2016-2021. However, revenue generated
from amusement parks will continue to dominate the theme park market during
this period.
Key Topics Covered in the Report:
Qatar
Theme Park Market Size by Revenue
Market
Segmentation - By Type (Amusement and Water Park) and By Revenue Streams
(Admissions, Food and Beverage, Merchandise and Others)
Customer
Profile of Qatar Theme Park Market
SWOT
Analysis for Qatar Theme Park Market
Trends
and Developments in Qatar Theme Park Market
Market
Share of Theme Parks
Indoor
Amusement Park in Qatar
Future
Outlook for Qatar Theme Park Market
Analyst
Recommendation
Qatar
Tourist Theme Park
Macro-Economic
Factors Impacting the Qatar Theme Park Market
Doha
Water Park Market
Qatar
Amusement Parks Market
Number
of Visitors Theme Park
GCC
Theme Park Market
Middle
East Water Park Industry
Growth
in Revenue Theme Park Doha
Investment
in Theme Park in Qatar
Edutainment
Park in Qatar
Family
Entertainment Centre in Qatar
Theme
Park Construction in Qatar
Key
Theme Parks in Doha
Ride
Attractions in Theme Parks
Top
5 Amusement Parks in Qatar
Trends
Amusement Park in Qatar
Adventure
Park Market in Qatar
For more coverage click on the link below:
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