Cruise Tourism Market Overview:
The Global Cruise Tourism Market size is expected to reach USD XX billion by 2029, with growth at a CAGR of 10% during the forecasting period 2022-2029.
Cruise Tourism is the travel on a cruise ship. A cruise ship is a passenger ship used for pleasure voyages when the voyage itself, the ship’s amenities, and sometimes the different destinations along the way form part of the passengers’ experience.
The growing demand for cruise tours for different locations and the increasing desire of people for luxury travel is asking the providers to add new cruise ships which more luxury features and a greater number of cruises available for different locations to give options to the people traveling. The companies are all set for the rising demand for the construction of new cruise ships.
However, high costs, higher operation costs, and also due to environmental concerns are some of the factors that will be hampering the growth of Cruise Tourism in the forecast period.
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Market Segmentation Analysis:
By Type, the global Cruise Tourism market is segmented into ocean Cruise and River Cruise. Ocean Cruise has the dominant position in the Cruise Tourism market and is expected to retain its dominance in the forecasted period due to the more facilities and large cruise experience along with the sighting of the unseen destination.
Middle East and Africa
Rest of the world
North America holds the largest market share for Cruise Tourism due to the rise in economy and the luxury taste of people there. Europe holds the second-largest market for cruise tourism. APACis expected to be the fastest-growing market with a double-digit growth rate due to the demand from developing nations such as China and India. For instance, China’s annual growth in the cruise tourism market has exceeded 40 percent since 2006.
Competitive Insights and Major Players Leading the global Cruise Tourism Market:
Key players are adopting strategies such as investing in R&D, new product launches, and expansion in Technology to stand out as strong competitors in the market. Global Cruise Tourism is a competitive market with the presence of various global and regional players in the market.
The major players are Carnival Corporation & PLC, Disney Cruise Line, MSC Cruises, NCL Corporation, and Royal Caribbean International. Other key players in the market include AIDA Cruises, Celebrity Cruises, Cunard Line, Marella Cruises, and Saga Cruises.
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The Full Report has the below insights.
The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
Visualize the composition of Cruise Tourism Market segmentation by solution, distribution channel, revenue source, deployment, organization size, end-user, and country, highlighting the key commercial assets and players.
Identify commercial opportunities in the Market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
Excel data sheet with thousands of Market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
Unlimited Analyst support for a period of 1 year.
Any query regarding the scope offered will be addressed within 24- 48 hours.
An excel sheet with market numbers will be provided separately.
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