According to Markntel Advisors Report, Saudi Arabia Entertainment Amusement Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
The entertainment and amusement industry provides people with fun and mind-relaxing activities that they can enjoy in their free time. This includes things like movie theatres, amusement parks, gaming centers, sports events, etc. This also helps them to reduce the stress in their mind.
Global Saudi Arabia Entertainment Amusement Market Research Report Summary:
The Saudi Arabia Entertainment Amusement Market size was valued at around USD 2.6 billion in 2024 and is projected to reach USD 4.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 11% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Saudi Arabia Entertainment Amusement Market?
The top companies of the Saudi Arabia Entertainment Amusement Market ruling the industry are:
Al Hokair Group, Al Othaim Entertainment, Broadway Entertainment, AMC Cinemas, Saudi Aramco Amusement Park, Saudi Entertainment and Amusement Expo (SEA Expo), Al Habtoor Group, Qiddiya Investment Company, Al Shallal Theme Park, Jungle Land Theme Park, Others
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What is Included in Saudi Arabia Entertainment Amusement Market Segmentation?
The Saudi Arabia Entertainment Amusement Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Entertainment Destination
-Amusement Theme Parks- Market Size Forecast 2020-2030, USD Million
-Cinemas Theaters- Market Size Forecast 2020-2030, USD Million
-Gardens Zoos- Market Size Forecast 2020-2030, USD Million
-Sports Fields Arenas- Market Size Forecast 2020-2030, USD Million
-Malls- Market Size Forecast 2020-2030, USD Million
-Others (Gaming Centers, Aquariums, festivals, concerts, etc.)- Market Size Forecast 2020-2030, USD Million
-By Source of Revenue
-Tickets- Market Size Forecast 2020-2030, USD Million
-Food Beverages- Market Size Forecast 2020-2030, USD Million
-Merchandise Retail Sales- Market Size Forecast 2020-2030, USD Million
-Advertising Promotions- Market Size Forecast 2020-2030, USD Million
-Others (Gambling, parking, etc.)- Market Size Forecast 2020-2030, USD Million
-By Region
-Riyadh
-Jeddah
-Makkah
-Dammam
-Rest of Saudi Arabia
Explore the Complete Saudi Arabia Entertainment Amusement Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-entertainment-amusement-market.html
Saudi Arabia Entertainment Amusement Market Driver:
Increasing Government’s Efforts to Boost the Entertainment Sector – The government of Saudi Arabia is launching numerous projects to assist the expansion of the entertainment sector. This is because the entertainment places drive the influx of more tourists which is the primary purpose of the Saudi Vision 2030. Saudi has also set up a General Entertainment Authority (GEA) that is responsible for maintaining a well-structured system and attracting local and foreign companies to become part of their entertainment sector.
Moreover, the government also provides tax reductions for the new companies as they can treat their first-year heavy expenditure as start-up expense thus reducing their taxable income. Therefore, the entertainment sector has grown in past years, and due to the vision of the government, this trend is predicted to be preserved in the future also as the kingdom aims to draw 72% of the global entertainment brands into it by 2030.
Saudi Arabia Entertainment Amusement Market Opportunity:
Increasing Demand for Cinema Halls – Cinema halls have been banned in the nation since the 1980s and this ban was eliminated in 2018 as the first cinema hall was opened in Riyadh. The government additionally aimed that the number of theatres will reach more than 300 with approximately 2,000 movie screens by the end of 2030 under its Vision 2030 mission. This aim was under the ‘Launch the Cinema Sector in Kingdom’ initiative. As per its commission, about 53 cinemas were established in the Kingdom in 2021 and this number increased to about 66 in 2024. As a result, it presents a demand from the entertainment industry to establish cinema halls in the Kingdom as high revenue is expected to be generated from this sector. For instance, approximately 17,300 million movie tickets were sold in 2023 alone. Therefore, establishing cinema halls can provide a lucrative growth opportunity in the coming years for the entertainment and amusement industry.
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