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Cruise Market worth $49.44 billion by 2030, growing at a CAGR of 4.48% - Exclusive Report by 360iResearch
Cruise Market | 360iResearch
The Global Cruise Market to grow from USD 36.37 billion in 2023 to USD 49.44 billion by 2030, at a CAGR of 4.48%.
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The cruise market encompasses the industry that operates cruise ships and offers sea-based vacation and recreation services. This includes ocean, river, and specialty cruises, catering to a broad range of customers seeking leisure travel experiences. The growing demand for luxury travel experiences among high-income consumers, an increase in disposable incomes, and the rise of the retired baby boomer population are the crucial factors for the accelerating popularity of cruise. The diversification in cruise offerings, such as adventure, themed, and cultural cruises, also propels market growth by appealing to a broader audience. Stringent environmental regulations which impact operating costs, and concerns over the carbon footprint of cruise operations may impact the adoption of cruise. Outbreaks of illnesses aboard ships and geopolitical events can lead to travel restrictions, affecting the overall growth. Maintaining consistent operational safety and health standards is an ongoing challenge for the industry. Opportunities for cruise lie in expanding into emerging markets with growing middle-class populations. The development of eco-friendly ships and more sustainable practices has the potential for companies to appeal to environmentally conscious consumers. Furthermore, personalization of services through advanced technology and creating unique on-board experiences can offer competitive advantages and attract new customers.
Market Segmentation & Coverage:
This research report categorizes the Cruise Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Ocean Cruises and River Cruises. The River Cruises is projected to witness significant market share during forecast period.
Based on Application, market is studied across Daily Commute and Touring. The Daily Commute is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 35.05% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Cruise Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Cruise Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Cruise Market, highlighting leading vendors and their innovative profiles. These include Carnival Corporation & Plc, China State Shipbuilding Corporation, Disney Cruise Line, Fincantieri S.P.A, Fred. Olsen Cruise Lines, Genting Hong Kong Limited, Mediterranean Shipping Company S.A., Meyer Werft GmbH & Co. Kg, Mitsubishi Heavy Industry. Ltd., MSC Cruises S.A., MV WERFTEN Wismar GmbH, Norwegian Cruise Line Holdings Ltd., Oshima Shipbuilding Co. Ltd., Royal Caribbean Group, and Samsung Heavy Industries Co. Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cruise Market, by Type
7. Cruise Market, by Application
8. Americas Cruise Market
9. Asia-Pacific Cruise Market
10. Europe, Middle East & Africa Cruise Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Cruise Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cruise Market?
3. What is the competitive strategic window for opportunities in the Cruise Market?
4. What are the technology trends and regulatory frameworks in the Cruise Market?
5. What is the market share of the leading vendors in the Cruise Market?
6. What modes and strategic moves are considered suitable for entering the Cruise Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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