Cruise Tourism Market, By Type, By Duration, By Travel Type, By Geography

Description

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)
- Group/Family
- Solo
- Others
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

Product Code: CMI7470

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)
  - U.S.
  - Canada
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