Press release
Passenger Ferries Market is expected to reach USD 13.86 Billion by 2030 : Cognitive Market Research
Passenger Ferries Market is expected to reach USD 13.86 Billion by 2030 : Cognitive Market Research
What are Passenger Ferries?
- A passenger ferry is a vessel designed to transport a certain number of people over a body of water, such as a lake, river, or both. There are various variations of passenger ferries. They all share the same purpose, though, which is to transport people. Small ferries that cross a canal, river, or lake may be among these vessels, as well as larger seagoing vessels that go across open oceans to reach distant nations or locations. A gas turbine, diesel, or electric engine may power passenger ferries, which may also have conventional propellers or water jet propulsion systems. There are six to forty knots of pulling speed. Monohulls, multihulls (i.e., catamarans), hydrofoils, and hydrofoils are other types of passenger ferries.
Summary:
- The global Passenger Ferries Market was worth USD 7.9 Billion in 2022 and is estimated to reach USD 13.86 Billion in 2030 with a CAGR of 6.8% during 2023-2030.
"To know more about The Passenger Ferries Market statistics click here: https://www.cognitivemarketresearch.com/passenger-ferries-market-report
Market Dynamics:
- The growing tourism industry, the increasing need for passenger and freight services, and the encouragement of industrial expansion are the primary drivers of the global market for passenger ferries. One of the countless little experiences that make up life is traveling. People's adventures, whether they take them in groups or alone, change them and provide them with a variety of experiences. Those that travel has the opportunity to discover new places as well as learn more about various cultures and people. Other modes of transportation, however, can restrict the market growth.
Market Segmentation:
Type
• Hovercraft (25-32 kts)
• Hydrofoil (50-60 kts)
• Cruiseferry (25-30 kts)
• Catamaran (40-50 kts)
• Others (Pontoon Ferry, Foot Ferry, and Others)
Application
• Private
• Commercial
• Luxury/Tourism
The market is divided into three categories based on applications: private, commercial, and luxury/tourism. The market for passenger ferries worldwide is dominated by the commercial sector. However, because of rising tourism, the luxury/tourism segment is anticipated to develop at the highest CAGR during the forecast period.
Payload Type
• Cars
• Trucks
• Pax
• Others
The Major Players in Passenger Ferries Market are:
Meyer Turku, MITSUBISHI HEAVY INDUSTRIES, Alumarine Shipyard, Blount Boats inc., Burger, Chantiers Allais, Fincantieri Cantieri Navali Italiani, Gladding-Hearn Shipbuilding Duclos Corporation, Greenbay marine, Hijos de J. Barreras, JSC KHERSON SHIPYARD, Lung Teh Shipbuilding, Nichols, Meyer Werft, Nuovi Cantieri Apuania, Reflex Advanced Marine, Remontowa, Swede Ship Marine AB, UKI Workboat, Swede Ship Marine AB
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Regional Analysis:
Which region is dominating the Global Passenger Ferries market?
- Geographically, North America is leading the world in terms of passenger ferries, thanks to rising demand for public transit on waterways, the tendency towards ferries as a practical alternative mode of transportation, and advancements in fuel technology. The second-largest market for passenger ferries worldwide is Europe. The reason for this is the expansion of tourism in Europe.
Passenger Ferries Industry News
• Mitsubishi Shipbuilding and MOL Signed a Deal to Build Japan's First LNG-Fueled Ferry
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. based in Yokohama, has concluded a contract with Mitsui O.S.K. Lines (MOL) to build two LNG-fuelled ferries, the first such project in Japan.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Passenger Ferries Market
• 3.1 Global Passenger Ferries Market Size 2018 - 2030, (USD Million)
• 3.2 Global Passenger Ferries Value, Absolute & Opportunity Analysis
• 3.3 Global Passenger Ferries Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Passenger Ferries Market Statistics 2022: Snapshot
Chapter 4 Global Passenger Ferries Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Passenger Ferries Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Passenger Ferries Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Passenger Ferries Market by Payload Type Segmentation Analysis (2018-2030)
Chapter 12 Global Passenger Ferries Market Regional Analysis
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Passenger Ferries Market Revenue by Region (2018-2030)
• 12.2 Global Passenger Ferries Market Share (%) by Region (2018-2030)
Chapter 13 North America Passenger Ferries Market Outlook (2018 - 2030)
Chapter 14 Europe Passenger Ferries Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Passenger Ferries Market Outlook (2018 - 2030)
Chapter 16 Latin America Passenger Ferries Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Passenger Ferries Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Passenger Ferries Market TOC click here: https://www.cognitivemarketresearch.com/passenger-ferries-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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