Global Cruise Liner Market 2018-2022

Below are some of the key findings from this cruise liner market research report

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Global cruise liner industry overview

The tourism industry has recorded substantial growth in the last few decades, especially in regions such as Europe, South East Asia, and North America. The global tourism market was valued at USD 8.33 trillion in 2016 and is anticipated to reach USD 10.95 trillion by 2021, growing at a CAGR of 5.62%. The tourism industry accounts for an average of 10% of the world GDP, therefore the growth in the tourism industry will drive the growth of the global cruise liner market size during the forecast period.

The growing demand for adventure tourism will be one of the critical cruise liner market trends driving market growth throughout the forecast period. The increasing demand for expedition cruises from the global adventure tourism industry is anticipated to contribute to the high growth of the global cruise liner market. In the adventure tourism segment, cruising companies provide luxurious stays, which include the serving of exotic food and various activities on cruises. the growing popularity of river cruising has also contributed to the rising demand for cruise liners. River cruise vendors are offering new and innovative experiences such as wine-themed cruises and adventure cruises to attract tourists and travelers. The cruise liner market will further receive a boost with the development of river cruises in other rivers such as the Mississippi, Mekong, Amazon, and Yangtze. Thus, the rising popularity of river cruises will be a key trend that will drive the growth of the cruise liner market size at a CAGR of almost 7% during the forecast period.

Top cruise liner companies covered in this market research report

The cruise liner market is highly concentrated with the presence of few established vendors. Cruise liner companies are focusing on providing engaging and exciting experiences to attract tourists and increase their market share. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this cruise liner market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the expanding cruise liner market size.

The report offers a detailed analysis of several cruise liner companies, including:

• Carnival Corporation
• Genting Hong Kong
• MSC Cruises
• Norwegian Cruise Line Holdings
• Royal Caribbean International

Cruise liner market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas accounted for the largest cruise liner market share. The increasing income of consumers in countries such as the US, Canada, Mexico, and Brazil will contribute to the growth of the cruise liner market in this region.

Cruise liner market segmentation based on service type

• Passenger tickets
• Onboard and other types of services

The passenger tickets segment dominated the cruise liner market with a market share of almost 73% in 2017. This segment will continue to grow and increase its market share in the next five years, due to the rise in the number of cruise passengers. This report provides an accurate prediction of the contribution of the various service type segments to the growth of the cruise liner market size.

Key highlights of the global cruise liner market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the cruise liner market during the next five years
• Precise estimation of the global cruise liner market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the cruise liner industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of cruise liner companies

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