Cruise Industry is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Cruise Industry are the large luxury passenger ship used mostly for vacationing. As per Cruise Lines International Association (CLIA), around 30 million people cruised globally in 2019 and the expected number for 2020 was around 32 million. It is the fastest-growing segment in the leisure travel market with capacity utilization over 100%. The cruise industry was around $126 billion in 2016 which reached around $150 billion in 2019. Some of the major factors for the growth of the global cruise industry include increasing attraction of generation 'Z' and millennial toward the cruise industry which comprises the largest population bases in the US. Moreover, the increasing popularity of Cruise in the emerging economies such as China, and India, increasing global disposable income and the introduction of two and three-day micro cruises are also augmenting the industry.

In January 2020, there were around 280 cruise lines ships operated by 55 cruise companies and 19 cruises were scheduled to be launched in 2020. The cruise companies are moving toward more sustainable operations by reducing carbon footprints in the sea. For instance, due to increasing pollution from ships in the sea, in April 2018 the International Maritime Organization adopted the strategy to reduce the carbon footprint from ships by 50% by 2050 as compared to 2008. As per new emission standards, sulfur in the fuel is limited to 0.5% from January 2020.

To Request a Sample of our Report on Cruise Industry: https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-cruise-industry

Market Coverage

Market number available for - 2021-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Segmentation

Cruise Lines
Cruise Manufacturer
A full Report of Cruise Industry is Available @ https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-cruise-industry

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

Carnival Corp. & PLC
Disney Cruise Line Inc.
Fincantieri S.p.A.
Genting Hong Kong Ltd.
Hapag-Lloyd AG
Hurtigruten Ltd.
Mediterranean Shipping Company S.A
Mitsubishi Shipbuilding Co., Ltd.
Norwegian Cruise Line Holdings Ltd.
Royal Caribbean Cruises Ltd.
STX Offshore & Shipbuilding Co., Ltd.
Meyer Werft GmbH & Co. KG
TUI Cruises GmbH
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