Amusement Parks & Arcades in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 71310CARevenue
$996.1m
Past 5-Year Growth
Profit
$XX.Xbn
Employees
10,344
Businesses
473
Wages
$XXX.Xm
Amusement Parks & Arcades in Canada industry analysis
Amusement parks and arcades are highly susceptible to consumer spending patterns and macroeconomic conditions, as the services they offer are entirely discretionary. Entertainment and leisure options abound, so even when conditions are positive, competition is stiff. At the pandemic's height, most locations were forced to shutter their doors, at least temporarily, due to health and safety concerns. Revenue tanked, alongside profit, as businesses were unable to generate any sales during that time. Yet, as conditions improved, and consumers found themselves with more cash on hand, many flocked back to amusement parks and arcades, resulting in astronomical sales. Over the past five years, revenue has been growing at a CAGR of 0.9% and is expected to reach $940.0 million in 2023 when revenue will rise an estimated 10.3%.Despite the swift recovery in revenue, most amusement parks and arcades struggled to regain profitability. Amusement parks, in particular, typically operate on a seasonal basis, given many are outdoors. With full seasons wiped away by the pandemic, many locations were unable to manage, closing their doors for good. Those that pulled through slashed admission prices and offered discounts to usher consumers back, slowing profit's rebound. Yet, as economic conditions improved, many bolstered on-site services, like dining options, enabling growth.Over the next five years, amusement parks and arcades will benefit from stabler economic conditions and a rise in consumer confidence. Tourism expenditure is likely to expand, and more consumers will visit amusement parks and arcades, spending greater sums on expanded offerings. International visitors, who tend to spend more than domestic attendants, will increase, further buoying revenue. Still, competition from other sources of entertainment will only increase, tempering growth and meaning businesses will need to constantly innovate to keep consumers interested. Over the five years to 2028, revenue is forecast to grow at a CAGR of 2.2% to $1.0 billion.
Trends and Insights
- Revenue rebounded swiftly from pandemic lows. Amid the pandemic’s height, many amusement parks and arcades were forced to temporarily close, and consumers ceased visits amid health and safety concerns.
- Families are the prime demographic. Working-age adults with families visit amusement parks and arcades most often and are most likely to spend larger sums during visits.
- Climate and population are key. Amusement parks, in particular, are typically outdoors, so operating in a favorable climate means longer peak seasons.
- Investing in new attractions is key. The range of entertainment options is always rising, so amusement parks and arcades must regularly invest in new attractions to retain and attract customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.2 % over the past five years, to reach an estimated $996.1m in 2024.
Trends and Insights
Tourism is back in full force after being decimated by the pandemic
- Amusement parks are destinations for many domestic and international tourists. Large parks often operate in tourist areas, sometimes also sustaining hotels and resorts that accompany the parks.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic conditions will stabilize, resulting in greater consumer confidence
- Services offered by amusement parks and arcades are highly discretionary, so when consumers are tight on funds or wary about financials, they tend to reduce spending on these outings.
Biggest companies in the Amusement Parks & Arcades in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Cedar Fair LP | 194.9 | 36.8 | 18.9 | |
Six Flags Entertainment Corporation | 75.1 | 11.7 | 15.6 | |
CEC Entertainment Inc. | 14.1 | N/A | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Admissions, Sales of food and beverages and Merchandise. Admissions is the largest segment of the Amusement Parks & Arcades in Canada.
Trends and Insights
Admissions are still king but their power is shrinking
- Admissions represent the revenue generated from the sale of admission tickets to amusement parks and arcades.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Concert & Event Promotion in Canada
- Golf Courses & Country Clubs in Canada
- Golf Driving Ranges & Family Fun Centres in Canada
- Gambling in Canada
Complementors
- Hotels & Motels in Canada
- Campgrounds & Recreational Vehicle Parks in Canada
- Fast Food Restaurants in Canada
International industries
- Amusement Parks in the US
- Arcade, Food & Entertainment Complexes in the US
- Water Parks in the US
- Amusement Parks and Centres Operation in Australia
- Amusement Parks and Centres Operation in New Zealand
Table of Contents
About this industry
Industry definition
The Amusement Parks and Arcades industry in Canada operates amusement or theme parks that host a variety of attractions, such as mechanical rides, water slides, games, shows and theme exhibits. These operators may lease space to others on a concession basis.
What's included in this industry?
Operating theme parks Operating water parks Operating amusement piersOperating amusement arcadesOperating debit-card and coin-operated games and ridesSelling food and beverages, including alcoholic beveragesProviding corporate and party event servicesCompanies
Cedar Fair LPSix Flags Entertainment CorporationCEC Entertainment Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
SKILL GAMESREDEMPTION MACHINESIN-PARK EXPENDITURESEASON PASSDESTINATION PARKCOMBINATION PARKIndustry Code
NAICS 7131 - Amusement Parks & Arcades in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Revenue rebounded swiftly from pandemic lows. Amid the pandemic’s height, many amusement parks and arcades were forced to temporarily close, and consumers ceased visits amid ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Families are the prime demographic. Working-age adults with families visit amusement parks and arcades most often and are most likely to spend larger sums during visits.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Climate and population are key. Amusement parks, in particular, are typically outdoors, so operating in a favorable climate means longer peak seasons.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Investing in new attractions is key. The range of entertainment options is always rising, so amusement parks and arcades must regularly invest in new attractions to retain an...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The biggest companies operate internationally. Brand recognition helps attract international tourists who trust well-known names.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Cedar Fair LP's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Six Flags Entertainment Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of CEC Entertainment Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Cedar Fair LP, and factors influencing its performance in the industry
- Description and key data for Six Flags Entertainment Corporation, and factors influencing its performance in the industry
- Description and key data for CEC Entertainment Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Though quality service is important, capital intensity is high. Amusement parks, in particular, require significant investment in rides, attractions and games, all of which a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rent is the second-largest cost for amusement parks and arcades. The amount of space needed to run an amusement park is considerable and the most successful arcades are locat...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Amusement Parks & Arcades industry in Canada in 2024?
The market size of the Amusement Parks & Arcades industry in Canada is $996.1m in 2024.
How many businesses are there in the Amusement Parks & Arcades in Canada industry in 2024?
There are 473 businesses in the Amusement Parks & Arcades industry in Canada, which has grown at a CAGR of 1.4 % between 2019 and 2024.
Has the Amusement Parks & Arcades industry in Canada grown or declined over the past 5 years?
The market size of the Amusement Parks & Arcades industry in Canada has been growing at a CAGR of 1.2 % between 2019 and 2024.
What is the forecast growth of the Amusement Parks & Arcades industry in Canada over the next 5 years?
Over the next five years, the Amusement Parks & Arcades industry in Canada is expected to grow.
What are the biggest companies in the Amusement Parks & Arcades market in Canada?
The biggest companies operating in the Amusement Parks & Arcades market in Canada are Cedar Fair LP, Six Flags Entertainment Corporation and CEC Entertainment Inc.
What does the Amusement Parks & Arcades in Canada include?
Operating theme parks and Operating water parks are part of the Amusement Parks & Arcades industry.
Which companies have the highest market share in the Amusement Parks & Arcades in Canada?
The company holding the most market share in Canada is Cedar Fair LP.
How competitive is the Amusement Parks & Arcades industry in Canada?
The level of competition is high and increasing in the Amusement Parks & Arcades industry in Canada.
