Cruise Tourism Market Size to Grow by USD 4.24 billion | Strong Global Economic Recovery and Increasing HNWIs to Boost Market Growth | Technavio

NEW YORK, July 5, 2022 /PRNewswire/ -- Cruise tourism is a popular type of tourism that involves the exploration of new places, coupled with luxury and entertainment. Cruise lines offer various activities such as sports, shopping, water games, video games, and numerous other leisure activities.

The "Cruise Tourism Market by Application (Ocean cruising and River cruising) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the cruise tourism market between 2021 and 2026 is USD 4.24 bn.

To get the exact yearly growth variance and the Y-O-Y growth rate, Request a Sample Report

Key Market Dynamics:

• Market Driver: Strong global economic recovery and an increasing number of high-net-worth individuals (HNWIs) in developed and developing economies are driving the market. The growth is driven by an increase in domestic consumption and trade and a rise in investments since the global economic recession in 2008. Thus, there has been a gradual increase in the preference for luxury lifestyle and spending on leisure travel. Moreover, a rise in the number of working women has contributed to the increase in income levels of individuals and their families. Such factors are expected to support the market growth in the coming years. 
• Market Challenge: Rising environmental concerns are challenging the growth of the market. Cruise ships generate a major amount of waste due to the presence of many passengers and crew members. For instance, an average one-week cruise voyage with 2000 to 2500 passengers along with crew members generates more than 2,00,000 gallons of sewage stream, which include oily bilge water, greywater, and hazardous waste. Such factors are projected to hamper the growth of the current market during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio. Read our Sample Report right now!

Market Segmentation

The cruise tourism market report is segmented by application (ocean cruising and river cruising) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).  

North America will be the leading region with 44% of the market's growth during the forecast period. The US is a key market for cruise tourism in the region.

View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

·          

• AmaWaterways LLC
• Ambassador Cruise Holidays Ltd.
• American Cruise Lines
• Carnival Corp. and Plc
• Compagnie du Ponant
• Cosmos Tours Ltd.
• Genting Hong Kong Ltd.
• Kerala Shipping and Inland Navigation Corp. Ltd.
• LaVista Travel
• MSC Mediterranean Shipping Co. SA
• Norwegian Cruise Line Holdings Ltd.
• Ocean World Ltd.
• Royal Caribbean Cruises Ltd.
• Saga Group Ltd
• The Walt Disney Co.
• TUI AG
• Viking River Cruises Inc.
• Virgin Cruises Intermediate Ltd.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Vendor Landscape

Several players are present in the global cruise tourism market. However, the market is dominated by a few well-established players. These vendors have started acquiring small and regional players to increase their global reach. Moreover, the market will witness the entry of several new players during the forecast period, which will intensify the competition among the existing players.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product Type

• 5.1 Market segments
• Exhibit 25: Chart on Product Type - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Product Type - Market share 2021-2026 (%)

• 5.2 Comparison by Product Type
• Exhibit 27: Chart on Comparison by Product Type
• Exhibit 28: Data Table on Comparison by Product Type

• 5.3 Passenger ticket - Market size and forecast 2021-2026
• Exhibit 29: Chart on Passenger ticket - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Passenger ticket - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Passenger ticket - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Passenger ticket - Year-over-year growth 2021-2026 (%)

• 5.4 Onboard facilities - Market size and forecast 2021-2026
• Exhibit 33: Chart on Onboard facilities - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Onboard facilities - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Onboard facilities - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Onboard facilities - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product Type
• Exhibit 37: Market opportunity by Product Type ($ million)

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 38: Chart on Application - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Application - Market share 2021-2026 (%)

• 6.2 Comparison by Application
• Exhibit 40: Chart on Comparison by Application
• Exhibit 41: Data Table on Comparison by Application

• 6.3 Ocean cruising - Market size and forecast 2021-2026
• Exhibit 42: Chart on Ocean cruising - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Ocean cruising - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Ocean cruising - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Ocean cruising - Year-over-year growth 2021-2026 (%)

• 6.4 River cruising - Market size and forecast 2021-2026
• Exhibit 46: Chart on River cruising - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on River cruising - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on River cruising - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on River cruising - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Application
• Exhibit 50: Market opportunity by Application ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 52: Chart on Market share by geography 2021-2026 (%)
• Exhibit 53: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison
• Exhibit 54: Chart on Geographic comparison
• Exhibit 55: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 APAC - Market size and forecast 2021-2026
• Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 UK - Market size and forecast 2021-2026
• Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.12 Market opportunity by geography
• Exhibit 92: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
• Exhibit 93: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 94: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 95: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 96: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 97: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 98: Matrix on vendor position and classification

• 11.3 AmaWaterways LLC
• Exhibit 99: AmaWaterways LLC - Overview
• Exhibit 100: AmaWaterways LLC - Product / Service
• Exhibit 101: AmaWaterways LLC - Key offerings

• 11.4 Ambassador Cruise Holidays Ltd.
• Exhibit 102: Ambassador Cruise Holidays Ltd. - Overview
• Exhibit 103: Ambassador Cruise Holidays Ltd. - Product / Service
• Exhibit 104: Ambassador Cruise Holidays Ltd. - Key offerings

• 11.5 American Cruise Lines
• Exhibit 105: American Cruise Lines - Overview
• Exhibit 106: American Cruise Lines - Product / Service
• Exhibit 107: American Cruise Lines - Key offerings

• 11.6 Carnival Corp. and Plc
• Exhibit 108: Carnival Corp. and Plc - Overview
• Exhibit 109: Carnival Corp. and Plc - Business segments
• Exhibit 110: Carnival Corp. and Plc - Key offerings
• Exhibit 111: Carnival Corp. and Plc - Segment focus

• 11.7 MSC Mediterranean Shipping Co. SA
• Exhibit 112: MSC Mediterranean Shipping Co. SA - Overview
• Exhibit 113: MSC Mediterranean Shipping Co. SA - Product / Service
• Exhibit 114: MSC Mediterranean Shipping Co. SA - Key news
• Exhibit 115: MSC Mediterranean Shipping Co. SA - Key offerings

• 11.8 Norwegian Cruise Line Holdings Ltd.
• Exhibit 116: Norwegian Cruise Line Holdings Ltd. - Overview
• Exhibit 117: Norwegian Cruise Line Holdings Ltd. - Product / Service
• Exhibit 118: Norwegian Cruise Line Holdings Ltd. - Key offerings

• 11.9 Ocean World Ltd.
• Exhibit 119: Ocean World Ltd. - Overview
• Exhibit 120: Ocean World Ltd. - Product / Service
• Exhibit 121: Ocean World Ltd. - Key offerings

• 11.10 Royal Caribbean Cruises Ltd.
• Exhibit 122: Royal Caribbean Cruises Ltd. - Overview
• Exhibit 123: Royal Caribbean Cruises Ltd. - Product / Service
• Exhibit 124: Royal Caribbean Cruises Ltd. - Key offerings

• 11.11 Saga Group Ltd
• Exhibit 125: Saga Group Ltd - Overview
• Exhibit 126: Saga Group Ltd - Business segments
• Exhibit 127: Saga Group Ltd - Key offerings
• Exhibit 128: Saga Group Ltd - Segment focus

• 11.12 The Walt Disney Co.
• Exhibit 129: The Walt Disney Co. - Overview
• Exhibit 130: The Walt Disney Co. - Business segments
• Exhibit 131: The Walt Disney Co. - Key offerings
• Exhibit 132: The Walt Disney Co. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 12.3 Currency conversion rates for US$
• Exhibit 135: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 12.5 List of abbreviations
• Exhibit 139: List of abbreviations

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