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Inland Water Passenger Transport Market: Top Most Companies, Size, Trends And Upcoming Forecasts 2033
Inland Water Passenger Transport Market
Inland Water Passenger Transport Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.73 billion In 2028 At A CAGR Of 8.0% :
The inland water passenger transport market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to infrastructure development, economic growth and urbanization, environmental considerations, government initiatives and policies, congestion alleviation.
The inland water passenger transport market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to modal shift for sustainable transportation, integrated transport systems, tourism industry growth, climate change mitigation strategies, technological innovations (excluding). Major trends in the forecast period include market liberalization and deregulation, technological advancements, changing consumer preferences, global economic trends, pandemic impacts and resilience.
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Inland Water Passenger Transport Market Major Segments
The inland water passenger transport market covered in this report is segmented -
1) By Passenger Transportation Type: Canal Passenger Transportation, Intercostal Transportation Of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering With Crew, Water Taxi Services
2) By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Other Modes
3) By Application: Supply Chain, Distribution, End Customers
Key Driver - Inland Waterway Passenger Transport Gains Momentum With Sightseeing Services
The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland waterway passenger transport market. There are many places, such as the Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, AgiaRoumeli in Greece, and others, that are not accessible by roads but only through waterways, generating higher demand for inland waterway passenger transport services. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Hence, an increase in the use of boats on inland waterways for sightseeing is boosting the inland waterway passenger transport market.
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Prominent Trend - The Rise Of Autonomous Waterway Transportation Systems
Major companies operating in the inland water passenger transport market are developing autonomous waterway transportation system to optimize the transportation process. An autonomous waterway transportation system refers to a system that uses artificial intelligence (AI) and other advanced technologies to optimize the transportation process, reduce fuel consumption, and improve safety in inland water transport. For instance, in 2021, Chen et al. proposed an implementable architecture of an inland autonomous waterway transportation system that uses AI to optimize the transportation process. The system uses a combination of AI, big data, and the Internet of Things (IoT) to optimize the transportation process, reduce fuel consumption, and improve safety. The system includes a control center, a communication network, a navigation system, and a transportation system.
Inland Water Passenger Transport Market Players
Major companies operating in the inland water passenger transport market report are CMA CGM SA, MSC Mediterranean Shipping Company S.A., Norwegian Cruise Line Holdings Ltd., Ingram Industries Inc., Bayliner Marine Group, Carnival Corporation & plc, Carnival Maritim GmbH, Groupe Beneteau SA, Royal Caribbean Cruises Ltd., American Commercial Lines LLC, Belmond Ltd., Crystal Cruises LLC, Scenic Luxury Cruises & Tours Limited, Alnmaritec Limited, Uniworld Boutique River Cruise Collection, Tauck River Cruises Inc., AmaWaterways Inc., Viking River Cruises AG, The American Queen Steamboat Company LLC, Pandaw River Expeditions Limited, China International Water Transportation Corporation (CIWTC), Jeffboat Inc., Sanctuary Retreats LLC, Avalon Waterways Ltd., Aqua Expeditions LLC, European Cruise Service GmbH, Emerald Waterways Ltd.
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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the a inland water passenger transport market in 2023. Asia-Pacific was the second largest region in the global inland water passenger transport market share. The regions covered in the inland water passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Inland Water Passenger Transport Market Report Structure
3. Inland Water Passenger Transport Market Trends And Strategies
4. Inland Water Passenger Transport Market - Macro Economic Scenario
5. Inland Water Passenger Transport Market Size And Growth
…..
27. Inland Water Passenger Transport Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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