Cruise Market Growth & Trends
The global cruise market size is expected to reach USD 15.10 billion by 2028, registering a CAGR of 11.0% during the forecast period from 2022 to 2028, according to a new report by Grand View Research, Inc. The market growth is substantially driven by the rising popularity of the theme cruises that attract various consumer groups. The kids-related theme, yoga theme, mystery theme, and adventure theme are likely to offer extra fun with destination traveling, rather than traditional cruises.
Cruise Market Segmentation
Grand View Research has segmented the cruise market based on the type, and region:
Based on the Type Insights, the market is segmented into Ocean Cruises and River Cruises.
- The market is dominated by the oceans cruises segment by revenue share. In 2021, the ocean cruise segment accounted for above 80.0% of its revenue share. Strong players offering services in the ocean cruises segment for the intercontinental trips at a large number is attributed to the higher market revenue share. Additionally, due to the exciting packages, amenities, and entertainment activities, a large customer base prefers ocean cruises over other cruises. These activities are doable on the big ocean cruise ships that provide spacious areas as compared to the others.
- In the global market, the river cruise segment is expected to witness the fastest growth rate, registering a CAGR of 13.3% from 2022 to 2028. The rising popularity of the river cruises among the vacationers is attributed to the highest CAGR. Unlike, ocean cruises which are docked in the coastal region on the account of their huge size, river cruises travel across the rivers offering more internal destinations and sightseeing. River cruising is becoming popular in European countries navigating across different countries. For instance, the Danube River offers cruises that can travel through 10 countries in Europe.
Cruise Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
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Market Share Insights
- June 2018: Carnival Corporation & Plc announced the sale and purchase agreement for the acquisition of TWC Enterprises Limited's White Pass & Yukon Route (WP&YR) division by its subsidiary Holland America Princess Alaska Tours. This strategy is adopted to expand the docking facilities in order to accommodate cruise ships that are of the newest generations.
Key Companies Profile & Market Share Insights
Key companies are focused on new initiatives to increase their clientele. Such as multigenerational packages targeting family travel, kids theme cruise vacations for children, mystery theme cruise vacations, etc. These key players operating in the global cruises market are focusing particularly on expanding their business to the untapped region or countries.
Some of the prominent players operating in the global cruise market include,
- Carnival Corporation & Plc
- Royal Caribbean Group
- MSC Cruises S.A.
- Norwegian Cruise Line Holdings Ltd.
- Disney Cruise Line
- Genting Hong Kong Limited
- Olsen Cruise Lines
Order a free sample PDF of the Cruise Market Intelligence Study, published by Grand View Research.
The latest trending report Global Cruise Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Cruise market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Cruise market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.7%% in the forecast period of 2020 to 2025 and will expected to reach USD 58680 million by 2025, from USD 48850 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/28986-cruise-market-analysis-reportThe major players covered in Cruise are:CarnivalSilverseaMSCRCIHurtigrutenNCLHGentingDisneyTUIBy Type, Cruise market has been segmented intoContemporary CruisePremium CruiseLuxury CruiseOthersBy Application, Cruise has been segmented into:TransportationEntertainmentOthersThe report offers in-depth assessment of the growth and other aspects of the Cruise market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Cruise Market @ https://www.decisiondatabases.com/contact/download-sample-28986The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Cruise product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Cruise, with price, sales, revenue and global market share of Cruise in 2018 and 2019.Chapter 3, the Cruise competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Cruise breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Cruise market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Cruise sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Cruise Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-28986Other Reports by DecisionDatabases.com:Global Cruise Missile Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global River Cruise Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Luxury Cruise Tours Market 2019 by Company, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
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This report contains market size and forecasts of Cruise in global, including the following market information:Global Cruise Market Revenue, 2016-2021, 2022-2027, ($ millions)Global Cruise Market Sales, 2016-2021, 2022-2027, (K Units)Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-cruise-market-2021-2027-671 Global top five Cruise companies in 2020 (%) The global Cruise market was valued at 51440 million in 2020 and is projected to reach US$ 61790 million by 2027, at a CAGR of 4.7% during the forecast period.We surveyed the Cruise manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.Total Market by Segment:Global Cruise Market, By Type, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Cruise Market Segment Percentages, By Type, 2020 (%) Contemporary CruisePremium CruiseLuxury CruiseOthers Global Cruise Market, By Application, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Cruise Market Segment Percentages, By Application, 2020 (%) TransportationEntertainmentOthers Global Cruise Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Cruise Market Segment Percentages, By Region and Country, 2020 (%) North AmericaUSCanadaMexicoEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesBeneluxRest of EuropeAsiaChinaJapanSouth KoreaSoutheast AsiaIndiaRest of AsiaSouth AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaTurkeyIsraelSaudi ArabiaUAERest of Middle East & Africa Competitor AnalysisThe report also provides analysis of leading market participants including: Key companies Cruise revenues in global market, 2016-2021 (Estimated), ($ millions)Key companies Cruise revenues share in global market, 2020 (%)Key companies Cruise sales in global market, 2016-2021 (Estimated), (K Units)Key companies Cruise sales share in global market, 2020 (%) Further, the report presents profiles of competitors in the market, key players include: CarnivalRCINCLHMSCDisneyGentingHurtigrutenSilverseaTUIGet the Complete Report & TOC @ https://www.grandresearchstore.com/automotive-and-transportation/global-cruise-market-2021-2027-671Table of content1 Introduction to Research & Analysis Reports1.1 Cruise Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Cruise Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Cruise Overall Market Size2.1 Global Cruise Market Size: 2021 VS 20272.2 Global Cruise Revenue, Prospects & Forecasts: 2016-20272.3 Global Cruise Sales (Consumption): 2016-20273 Company Landscape3.1 Top Cruise Players in Global Market3.2 Top Global Cruise Companies Ranked by Revenue3.3 Global Cruise Revenue by Companies3.4 Global Cruise Sales by Companies3.5 Global Cruise Price by Manufacturer (2016-2021)3.6 Top 3 and Top 5 Cruise Companies in Global Market, by Revenue in 20203.7 Global Manufacturers Cruise Product Type3.8 Tier 1, Tier 2 and Tier 3 Cruise Players in Global Market3.8.1 List of Global Tier 1 Cruise Companies3.8.2 List of Global Tier 2 and Tier 3 Cruise Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global Cruise Market Size Markets, 2021 & 20274.1.2 Contemporary Cruise4.1.3 Premium Cruise4.1.4 Luxury Cruise4.1.5 Others4.2 By Type - Global Cruise Revenue & ForecastCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Follow Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
