Product Code: CMI7470
The cruise tourism market is estimated to be valued at USD 9.88 Bn in 2024 and is expected to reach USD 14.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
9.88 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.40% |
2031 Value Projection: |
14.27 Bn |
Figure. Cruise Tourism Market Share (%), By Region, 2024
Cruise travel offers passengers the opportunity to visit multiple destinations during a single vacation while enjoying onboard amenities and activities. Cruise ships offer accommodation, dining options, entertainment facilities, and other services all in one package. This has made cruise vacations a popular option especially among families and older travelers who want convenience along with the experience of exploring different places. Advancements in ship technologies have made modern cruise ships comfortable floating resorts that cater to passengers' needs very efficiently. The increasing affordability of cruises along with aggressive marketing by cruise line operators are some of the key factors fueling the rise of the cruise tourism industry globally.
Market Dynamics:
The global cruise tourism market is driven by rising disposable incomes, growing interest in experience-based vacations, and increasing proliferation of cruise routes. Additionally, favorable demographic trends such as increasing proportion of retired population and two-income families are contributing to market growth. However, overcrowding of popular cruise destinations, volatile fuel prices, and risks of epidemic outbreaks onboard ships pose challenges to market expansion. On the positive side, growing interest among younger travelers and Asian markets opening up presents significant opportunities for cruise operators. The industry is also witnessing innovations with larger ships, enhanced onboard activities, and deployment of latest technologies. Sustainable practices being adopted will further aid in addressing environmental concerns around cruising.
Key Features of the Study:
This report provides in-depth analysis of the global cruise tourism market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global cruise tourism market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Cosmos Tours Ltd., Carnival Corporation & plc, AmaWaterways, Norwegian Cruise Line, PONANT, Seabourn Cruise Line, Ambassador Cruise Holidays Limited., Mediterranean Shipping Company S.A., Silversea Cruises, Royal Caribbean Group, MSC Cruises, and Princess Cruises
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global cruise tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
- Type Insights (Revenue, USD Bn, 2019 - 2031)
- Ocean Cruise
- River Cruise
- Expedition Cruise
- Theme Cruise
- Adventure Cruise
- Others
- Duration Insights (Revenue, USD Bn, 2019 - 2031)
- 7 days
- 1-3 days
- 4-6 days
- 8 to 13 days
- 14 days
- 15-20 days
- More than 21 days
- Travel Type Insights (Revenue, USD Bn, 2019 - 2031)
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Cosmos Tours Ltd.
- Carnival Corporation & plc
- AmaWaterways
- Norwegian Cruise Line
- PONANT
- Seabourn Cruise Line
- Ambassador Cruise Holidays Limited.
- Mediterranean Shipping Company S.A.
- Silversea Cruises
- Royal Caribbean Group
- MSC Cruises
- Princess Cruises
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Duration
- Market Snippet, By Travel Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Cruise Tourism Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Cruise Tourism Market - COVID-19
- Impact Analysis
5. Global Cruise Tourism Market, By Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Ocean Cruise
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- River Cruise
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Expedition Cruise
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Theme Cruise
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Adventure Cruise
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Cruise Tourism Market, By Duration, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 7 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 1-3 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 4-6 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 8 to 13 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 14 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 15-20 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- More than 21 days
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Cruise Tourism Market, By Travel Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Group/Family
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Solo
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Cruise Tourism Market, By Region, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Duration, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Travel Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Cosmos Tours Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Carnival Corporation & plc
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- AmaWaterways
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Norwegian Cruise Line
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- PONANT
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Seabourn Cruise Line
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Ambassador Cruise Holidays Limited.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Mediterranean Shipping Company S.A.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Silversea Cruises
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Royal Caribbean Group
- MSC Cruises
- Princess Cruises
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact