Global Cruise Market Size, Share & Trends Analysis Report By Type (Ocean Cruises and River Cruises), By Regional Outlook and Forecast, 2024

List of Tables

The Global Cruise Market size is expected to reach $19.7 billion by 2031, rising at a market growth of 11.1% CAGR during the forecast period.

North America is a powerhouse in the cruise market, with a strong presence in both the supply and demand sides of the industry. Thus, the North America region acquired $3,828.4 million revenue in 2023. the United States has several initiatives that support the growth of cruise tourism, particularly in key cruise ports and regions. One prominent example is the Cruise Passenger Protection Act, which enhanced consumer protections for cruise passengers.

Various interconnected factors influence the rise in disposable income, each contributing to the overall growth in personal earnings and spending power. Economic growth is a primary driver, creating a favorable environment for job creation and wage increases. Therefore, the increasing disposable incomes of travelers will aid in expanding the market.

Additionally, Cruise companies are investing heavily in expanding their fleets to meet this growing demand and offer passengers a wider range of cruise options. One notable example of this expansion is the introduction of new, larger ships with innovative features and amenities. Hence, these factors will augment the development of the market.

However, Competition from other travel options significantly impacts the cruise industry's growth. All-inclusive resorts, for example, offer a similar all-in-one vacation experience with the convenience of staying in one location. These resorts often provide a range of amenities and activities, such as dining, entertainment, and recreational facilities, which can compete with the offerings of a cruise ship. Therefore, these factors may hamper the development of the market.

Type Outlook

Based on type, the market is characterized into ocean cruises and river cruises. The ocean cruises segment garnered 79.3% revenue share in the market in 2023. Ocean cruises allow passengers to explore the world's oceans while enjoying various onboard amenities and activities. Moreover, ocean cruises are popular for travelers seeking a convenient and immersive vacation experience.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured a considerable 23.3% revenue share in the market in 2023. The Asia Pacific market has seen rapid growth in recent years, driven by rising disposable incomes, an expanding middle class, and increasing interest in travel and tourism among Asian consumers. This growth has made the region one of the fastest-growing markets globally.

Recent Strategies Deployed in the Market

Feb-2024: Royal Caribbean Group partnered with Chantiers de l'Atlantique, a French shipbuilder. Under this partnership, Royal Caribbean would order a seventh Oasis Class ship to its multinational fleet.
Nov-2023: Royal Caribbean Group came into partnership with IBS Software, a provider of information technology software solutions. Under this partnership, Royal Caribbean would offer a perfect vacation experience to its guests and provide even better customized services at each step of the trip. Additionally, Royal Caribbean would also install the iTravelCruise travel platform of IBS to place its guests at the center of the retail experience.
May-2023: MSC Cruises S.A. partnered with Formula 1, the highest class of international racing. Under this partnership, MSC Cruises would bring ships to choose Grand Prix weekends, which offer fans a special hospitality experience from track to ship. In addition to this, both companies would move towards sustainable change.
Mar-2023: Disney Cruise Line collaborated with the Singapore Tourism Board, a statutory board under the Ministry of Trade and Industry of the Government of Singapore. Under this collaboration, Disney Cruise would homeport a brand-new Disney cruise ship primarily in Singapore. Additionally, the introduction of Disney Cruise Line ship in Singapore would include millions of local and foreign cruise passengers.
Dec-2022: Royal Caribbean Group partnered with iCON Infrastructure LLP, an independent investment group. Under this partnership, Royal Caribbean would serve exceptional cruising experiences, to its guests at the best destinations in the world. Royal Caribbean would also create, own, and control a portfolio of cruise terminals in key strategic markets.

List of Key Companies Profiled

Carnival Corporation & plc.
Royal Caribbean Cruises Ltd.
MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
Norwegian Cruise Line Holdings Ltd.
Disney Cruise Line (The Walt Disney Company)
Cruiseaway (Dreamlines GmbH)
Island Queen Cruises
American Cruise Lines
The Independent Traveler, Inc. (Tripadvisor Inc.)
Viking River Cruises Inc.

Global Cruise Market Report Segmentation

By Type

Ocean Cruises
River Cruises

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Global Cruise Market, by Type
- 1.4.2Global Cruise Market, by Geography
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter Five Forces Analysis

Chapter 4.Strategies Deployed in Cruise Market

Chapter 5.Global Cruise Market by Type

5.1Global Ocean Cruises Market by Region
5.2Global River Cruises Market by Region

Chapter 6.Global Cruise Market by Region

6.1North America Cruise Market
- 6.1.1North America Cruise Market by Type
  - 6.1.1.1North America Ocean Cruises Market by Country
  - 6.1.1.2North America River Cruises Market by Country
- 6.1.2North America Cruise Market by Country
  - 6.1.2.1US Cruise Market
    - 6.1.2.1.1US Cruise Market by Type
  - 6.1.2.2Canada Cruise Market
    - 6.1.2.2.1Canada Cruise Market by Type
  - 6.1.2.3Mexico Cruise Market
    - 6.1.2.3.1Mexico Cruise Market by Type
  - 6.1.2.4Rest of North America Cruise Market
    - 6.1.2.4.1Rest of North America Cruise Market by Type
6.2Europe Cruise Market
- 6.2.1Europe Cruise Market by Type
  - 6.2.1.1Europe Ocean Cruises Market by Country
  - 6.2.1.2Europe River Cruises Market by Country
- 6.2.2Europe Cruise Market by Country
  - 6.2.2.1Germany Cruise Market
    - 6.2.2.1.1Germany Cruise Market by Type
  - 6.2.2.2UK Cruise Market
    - 6.2.2.2.1UK Cruise Market by Type
  - 6.2.2.3France Cruise Market
    - 6.2.2.3.1France Cruise Market by Type
  - 6.2.2.4Russia Cruise Market
    - 6.2.2.4.1Russia Cruise Market by Type
  - 6.2.2.5Spain Cruise Market
    - 6.2.2.5.1Spain Cruise Market by Type
  - 6.2.2.6Italy Cruise Market
    - 6.2.2.6.1Italy Cruise Market by Type
  - 6.2.2.7Rest of Europe Cruise Market
    - 6.2.2.7.1Rest of Europe Cruise Market by Type
6.3Asia Pacific Cruise Market
- 6.3.1Asia Pacific Cruise Market by Type
  - 6.3.1.1Asia Pacific Ocean Cruises Market by Country
  - 6.3.1.2Asia Pacific River Cruises Market by Country
- 6.3.2Asia Pacific Cruise Market by Country
  - 6.3.2.1China Cruise Market
    - 6.3.2.1.1China Cruise Market by Type
  - 6.3.2.2Japan Cruise Market
    - 6.3.2.2.1Japan Cruise Market by Type
  - 6.3.2.3India Cruise Market
    - 6.3.2.3.1India Cruise Market by Type
  - 6.3.2.4South Korea Cruise Market
    - 6.3.2.4.1South Korea Cruise Market by Type
  - 6.3.2.5Australia Cruise Market
    - 6.3.2.5.1Australia Cruise Market by Type
  - 6.3.2.6Malaysia Cruise Market
    - 6.3.2.6.1Malaysia Cruise Market by Type
  - 6.3.2.7Rest of Asia Pacific Cruise Market
    - 6.3.2.7.1Rest of Asia Pacific Cruise Market by Type
6.4LAMEA Cruise Market
- 6.4.1LAMEA Cruise Market by Type
  - 6.4.1.1LAMEA Ocean Cruises Market by Country
  - 6.4.1.2LAMEA River Cruises Market by Country
- 6.4.2LAMEA Cruise Market by Country
  - 6.4.2.1Brazil Cruise Market
    - 6.4.2.1.1Brazil Cruise Market by Type
  - 6.4.2.2Argentina Cruise Market
    - 6.4.2.2.1Argentina Cruise Market by Type
  - 6.4.2.3UAE Cruise Market
    - 6.4.2.3.1UAE Cruise Market by Type
  - 6.4.2.4Saudi Arabia Cruise Market
    - 6.4.2.4.1Saudi Arabia Cruise Market by Type
  - 6.4.2.5South Africa Cruise Market
    - 6.4.2.5.1South Africa Cruise Market by Type
  - 6.4.2.6Nigeria Cruise Market
    - 6.4.2.6.1Nigeria Cruise Market by Type
  - 6.4.2.7Rest of LAMEA Cruise Market
    - 6.4.2.7.1Rest of LAMEA Cruise Market by Type

Chapter 7.Company Profiles

7.1Carnival Corporation & plc.
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4SWOT Analysis
7.2Royal Caribbean Cruises Ltd.
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Regional Analysis
- 7.2.4Recent strategies and developments:
  - 7.2.4.1Partnerships, Collaborations, and Agreements:
  - 7.2.4.2Acquisition and Mergers:
- 7.2.5SWOT Analysis
7.3MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
- 7.3.1Company Overview
- 7.3.2Recent strategies and developments:
  - 7.3.2.1Partnerships, Collaborations, and Agreements:
7.4Norwegian Cruise Line Holdings Ltd.
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Regional Analysis
- 7.4.4SWOT Analysis
7.5Disney Cruise Line (The Walt Disney Company)
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Recent strategies and developments:
  - 7.5.4.1Partnerships, Collaborations, and Agreements:
- 7.5.5SWOT Analysis
7.6Cruiseaway (Dreamlines GmbH)
- 7.6.1Company Overview
7.7Island Queen Cruises
- 7.7.1Company Overview
7.8American Cruise Lines
- 7.8.1Company Overview
7.9The Independent Traveler, Inc. (Tripadvisor Inc.)
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
7.10.Viking River Cruises Inc.
- 7.10.1Company Overview

Chapter 8.Winning Imperatives of Cruise Market

LIST OF TABLES

TABLE 1Global Cruise Market, 2020 - 2023, USD Million
TABLE 2Global Cruise Market, 2024 - 2031, USD Million
TABLE 3Global Cruise Market by Type, 2020 - 2023, USD Million
TABLE 4Global Cruise Market by Type, 2024 - 2031, USD Million
TABLE 5Global Ocean Cruises Market by Region, 2020 - 2023, USD Million
TABLE 6Global Ocean Cruises Market by Region, 2024 - 2031, USD Million
TABLE 7Global River Cruises Market by Region, 2020 - 2023, USD Million
TABLE 8Global River Cruises Market by Region, 2024 - 2031, USD Million
TABLE 9Global Cruise Market by Region, 2020 - 2023, USD Million
TABLE 10Global Cruise Market by Region, 2024 - 2031, USD Million
TABLE 11North America Cruise Market, 2020 - 2023, USD Million
TABLE 12North America Cruise Market, 2024 - 2031, USD Million
TABLE 13North America Cruise Market by Type, 2020 - 2023, USD Million
TABLE 14North America Cruise Market by Type, 2024 - 2031, USD Million
TABLE 15North America Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 16North America Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 17North America River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 18North America River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 19North America Cruise Market by Country, 2020 - 2023, USD Million
TABLE 20North America Cruise Market by Country, 2024 - 2031, USD Million
TABLE 21US Cruise Market, 2020 - 2023, USD Million
TABLE 22US Cruise Market, 2024 - 2031, USD Million
TABLE 23US Cruise Market by Type, 2020 - 2023, USD Million
TABLE 24US Cruise Market by Type, 2024 - 2031, USD Million
TABLE 25Canada Cruise Market, 2020 - 2023, USD Million
TABLE 26Canada Cruise Market, 2024 - 2031, USD Million
TABLE 27Canada Cruise Market by Type, 2020 - 2023, USD Million
TABLE 28Canada Cruise Market by Type, 2024 - 2031, USD Million
TABLE 29Mexico Cruise Market, 2020 - 2023, USD Million
TABLE 30Mexico Cruise Market, 2024 - 2031, USD Million
TABLE 31Mexico Cruise Market by Type, 2020 - 2023, USD Million
TABLE 32Mexico Cruise Market by Type, 2024 - 2031, USD Million
TABLE 33Rest of North America Cruise Market, 2020 - 2023, USD Million
TABLE 34Rest of North America Cruise Market, 2024 - 2031, USD Million
TABLE 35Rest of North America Cruise Market by Type, 2020 - 2023, USD Million
TABLE 36Rest of North America Cruise Market by Type, 2024 - 2031, USD Million
TABLE 37Europe Cruise Market, 2020 - 2023, USD Million
TABLE 38Europe Cruise Market, 2024 - 2031, USD Million
TABLE 39Europe Cruise Market by Type, 2020 - 2023, USD Million
TABLE 40Europe Cruise Market by Type, 2024 - 2031, USD Million
TABLE 41Europe Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 42Europe Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 43Europe River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 44Europe River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 45Europe Cruise Market by Country, 2020 - 2023, USD Million
TABLE 46Europe Cruise Market by Country, 2024 - 2031, USD Million
TABLE 47Germany Cruise Market, 2020 - 2023, USD Million
TABLE 48Germany Cruise Market, 2024 - 2031, USD Million
TABLE 49Germany Cruise Market by Type, 2020 - 2023, USD Million
TABLE 50Germany Cruise Market by Type, 2024 - 2031, USD Million
TABLE 51UK Cruise Market, 2020 - 2023, USD Million
TABLE 52UK Cruise Market, 2024 - 2031, USD Million
TABLE 53UK Cruise Market by Type, 2020 - 2023, USD Million
TABLE 54UK Cruise Market by Type, 2024 - 2031, USD Million
TABLE 55France Cruise Market, 2020 - 2023, USD Million
TABLE 56France Cruise Market, 2024 - 2031, USD Million
TABLE 57France Cruise Market by Type, 2020 - 2023, USD Million
TABLE 58France Cruise Market by Type, 2024 - 2031, USD Million
TABLE 59Russia Cruise Market, 2020 - 2023, USD Million
TABLE 60Russia Cruise Market, 2024 - 2031, USD Million
TABLE 61Russia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 62Russia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 63Spain Cruise Market, 2020 - 2023, USD Million
TABLE 64Spain Cruise Market, 2024 - 2031, USD Million
TABLE 65Spain Cruise Market by Type, 2020 - 2023, USD Million
TABLE 66Spain Cruise Market by Type, 2024 - 2031, USD Million
TABLE 67Italy Cruise Market, 2020 - 2023, USD Million
TABLE 68Italy Cruise Market, 2024 - 2031, USD Million
TABLE 69Italy Cruise Market by Type, 2020 - 2023, USD Million
TABLE 70Italy Cruise Market by Type, 2024 - 2031, USD Million
TABLE 71Rest of Europe Cruise Market, 2020 - 2023, USD Million
TABLE 72Rest of Europe Cruise Market, 2024 - 2031, USD Million
TABLE 73Rest of Europe Cruise Market by Type, 2020 - 2023, USD Million
TABLE 74Rest of Europe Cruise Market by Type, 2024 - 2031, USD Million
TABLE 75Asia Pacific Cruise Market, 2020 - 2023, USD Million
TABLE 76Asia Pacific Cruise Market, 2024 - 2031, USD Million
TABLE 77Asia Pacific Cruise Market by Type, 2020 - 2023, USD Million
TABLE 78Asia Pacific Cruise Market by Type, 2024 - 2031, USD Million
TABLE 79Asia Pacific Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 80Asia Pacific Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 81Asia Pacific River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 82Asia Pacific River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 83Asia Pacific Cruise Market by Country, 2020 - 2023, USD Million
TABLE 84Asia Pacific Cruise Market by Country, 2024 - 2031, USD Million
TABLE 85China Cruise Market, 2020 - 2023, USD Million
TABLE 86China Cruise Market, 2024 - 2031, USD Million
TABLE 87China Cruise Market by Type, 2020 - 2023, USD Million
TABLE 88China Cruise Market by Type, 2024 - 2031, USD Million
TABLE 89Japan Cruise Market, 2020 - 2023, USD Million
TABLE 90Japan Cruise Market, 2024 - 2031, USD Million
TABLE 91Japan Cruise Market by Type, 2020 - 2023, USD Million
TABLE 92Japan Cruise Market by Type, 2024 - 2031, USD Million
TABLE 93India Cruise Market, 2020 - 2023, USD Million
TABLE 94India Cruise Market, 2024 - 2031, USD Million
TABLE 95India Cruise Market by Type, 2020 - 2023, USD Million
TABLE 96India Cruise Market by Type, 2024 - 2031, USD Million
TABLE 97South Korea Cruise Market, 2020 - 2023, USD Million
TABLE 98South Korea Cruise Market, 2024 - 2031, USD Million
TABLE 99South Korea Cruise Market by Type, 2020 - 2023, USD Million
TABLE 100South Korea Cruise Market by Type, 2024 - 2031, USD Million
TABLE 101Australia Cruise Market, 2020 - 2023, USD Million
TABLE 102Australia Cruise Market, 2024 - 2031, USD Million
TABLE 103Australia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 104Australia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 105Malaysia Cruise Market, 2020 - 2023, USD Million
TABLE 106Malaysia Cruise Market, 2024 - 2031, USD Million
TABLE 107Malaysia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 108Malaysia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 109Rest of Asia Pacific Cruise Market, 2020 - 2023, USD Million
TABLE 110Rest of Asia Pacific Cruise Market, 2024 - 2031, USD Million
TABLE 111Rest of Asia Pacific Cruise Market by Type, 2020 - 2023, USD Million
TABLE 112Rest of Asia Pacific Cruise Market by Type, 2024 - 2031, USD Million
TABLE 113LAMEA Cruise Market, 2020 - 2023, USD Million
TABLE 114LAMEA Cruise Market, 2024 - 2031, USD Million
TABLE 115LAMEA Cruise Market by Type, 2020 - 2023, USD Million
TABLE 116LAMEA Cruise Market by Type, 2024 - 2031, USD Million
TABLE 117LAMEA Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 118LAMEA Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 119LAMEA River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 120LAMEA River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 121LAMEA Cruise Market by Country, 2020 - 2023, USD Million
TABLE 122LAMEA Cruise Market by Country, 2024 - 2031, USD Million
TABLE 123Brazil Cruise Market, 2020 - 2023, USD Million
TABLE 124Brazil Cruise Market, 2024 - 2031, USD Million
TABLE 125Brazil Cruise Market by Type, 2020 - 2023, USD Million
TABLE 126Brazil Cruise Market by Type, 2024 - 2031, USD Million
TABLE 127Argentina Cruise Market, 2020 - 2023, USD Million
TABLE 128Argentina Cruise Market, 2024 - 2031, USD Million
TABLE 129Argentina Cruise Market by Type, 2020 - 2023, USD Million
TABLE 130Argentina Cruise Market by Type, 2024 - 2031, USD Million
TABLE 131UAE Cruise Market, 2020 - 2023, USD Million
TABLE 132UAE Cruise Market, 2024 - 2031, USD Million
TABLE 133UAE Cruise Market by Type, 2020 - 2023, USD Million
TABLE 134UAE Cruise Market by Type, 2024 - 2031, USD Million
TABLE 135Saudi Arabia Cruise Market, 2020 - 2023, USD Million
TABLE 136Saudi Arabia Cruise Market, 2024 - 2031, USD Million
TABLE 137Saudi Arabia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 138Saudi Arabia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 139South Africa Cruise Market, 2020 - 2023, USD Million
TABLE 140South Africa Cruise Market, 2024 - 2031, USD Million
TABLE 141South Africa Cruise Market by Type, 2020 - 2023, USD Million
TABLE 142South Africa Cruise Market by Type, 2024 - 2031, USD Million
TABLE 143Nigeria Cruise Market, 2020 - 2023, USD Million
TABLE 144Nigeria Cruise Market, 2024 - 2031, USD Million
TABLE 145Nigeria Cruise Market by Type, 2020 - 2023, USD Million
TABLE 146Nigeria Cruise Market by Type, 2024 - 2031, USD Million
TABLE 147Rest of LAMEA Cruise Market, 2020 - 2023, USD Million
TABLE 148Rest of LAMEA Cruise Market, 2024 - 2031, USD Million
TABLE 149Rest of LAMEA Cruise Market by Type, 2020 - 2023, USD Million
TABLE 150Rest of LAMEA Cruise Market by Type, 2024 - 2031, USD Million
TABLE 151Key Information - Carnival Corporation & plc.
TABLE 152Key Information - Royal Caribbean Cruises Ltd.
TABLE 153Key Information - MSC Cruises S.A.
TABLE 154Key Information - Norwegian Cruise Line Holdings Ltd.
TABLE 155Key Information - Disney Cruise Line
TABLE 156Key Information - Cruiseaway
TABLE 157Key Information - Island Queen Cruises
TABLE 158Key Information - American Cruise Lines
TABLE 159Key Information - The Independent Traveler, Inc.
TABLE 160Key Information - Viking River Cruises Inc.

Global Cruise Market Size, Share & Trends Analysis Report By Type (Ocean Cruises and River Cruises), By Regional Outlook and Forecast, 2024 - 2031

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