PUBLISHER: Grand View Research | PRODUCT CODE: 1654483
PUBLISHER: Grand View Research | PRODUCT CODE: 1654483
The global water taxi market size was estimated at USD 15.96 billion in 2024 and is projected to grow at a CAGR of 3.9% from 2025 to 2030. The rising popularity of water taxis in tourism-centric regions is driving growth of the water taxi industry. Coastal cities, islands, and destinations with rich waterways, such as Venice, Dubai, and the Maldives, rely heavily on water taxis to cater to tourists seeking unique experiences. Water taxis serve as a mode of transport and enhance the overall travel experience, offering scenic routes and luxurious services. With the global travel industry recovering post-pandemic, demand for water taxis in major tourist hubs is surging.
The increasing urbanization in coastal cities and traffic congestion are expected to fuel growth of the market over the forecast period. Water taxis offer an efficient and quick alternative to road transportation, particularly in densely populated urban areas. Cities with waterfronts and harbors, such as those in North America, Europe, and parts of Asia, are investing in water taxi services to alleviate congestion on land.
Moreover, many governments are recognizing the benefits of water taxis as part of a comprehensive urban mobility strategy. Investments in waterfront infrastructure, such as docks, terminals, and piers, are increasing. In cities like New York, London, and Hong Kong, governments are actively supporting the development of water taxi services to improve mobility and tourism while reducing road congestion.
In addition, the incorporation of new technologies, such as app-based booking systems and GPS tracking, has made water taxi services more accessible and user-friendly. These technologies enhance the convenience of using water taxis by enabling passengers to easily hail a ride, track their journey, and receive real-time updates. The growing adoption of these platforms is contributing to the expansion of the water taxi market.
Water taxis can be a cost-effective solution for short to medium-distance travel, particularly in areas where traditional public transport infrastructure is limited or expensive. By utilizing existing water routes, water taxis can operate at a relatively lower cost compared to building extensive road networks or subway systems, making them an attractive option for local governments and service providers looking to optimize transportation solutions.
Global Water Taxi Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global water taxi market report based on product, propulsion, and region: