Press release
Cruise Market Is Supposed To Grow At a CAGR of 4.9% During Forecast Period, 2018-2025
In terms of consumption side, this report focuses on the consumption of Cruise by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Cruise is a passenger ship used for recreational and leisure voyages, in which the journey itself and the onboard amenities, attractions, activities and entertainment options are integrant part of the cruise experience.
For industry structure analysis, the Cruise Industry is concentrate. Carnival, RCI and NCLH account about 72.67% of the revenue market. Regionally, Europe is the biggest sales area of Cruise, also the leader in the whole Cruise. North America occupied 55.99% of the revenue market in 2015. It is followed by Europe and Asia, which respectively have around 29.99% and 5.32% of the global total industry. Other countries have a small amount of revenue.
Cruise prices can change at a moment’s notice. The price of cruise is different by the destination, cruise length, date and other factors. For forecast, the North America and Europe Cruise revenue would keep increasing with annual growth rate with 3~6%. The growth rate of Asia is about 13%-23%. We tend to believe that this industry still has a bright future, considering the current demand of Cruise. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The Cruise market was valued at 42900 Million US$ in 2017 and is projected to reach 63100 Million US$ by 2025, at a CAGR of 4.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Cruise.
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This report includes the following manufacturers; we can also add the other companies as you want.
Carnival
RCI
NCLH
MSC
Disney
Genting
Hurtigruten
Silversea
TUI
Market Segment by Product Type
Contemporary Cruise
Premium Cruise
Luxury Cruise
Market Segment by Application
Transportation
Entertainment
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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