Cruise Ship Market By Type (Mainstream Cruise Ships, Ocean Cruise Ships, Luxury Cruise Ships, Others), By Application (Transportation, Leisure, Others), By Size (Small, Mid, Large): Global Opportunity Analysis and Industry Forecast, 2021-2031
The cruise ship market report incorporates the study of the global cruise ships which are used to take passengers on a pleasure voyage in a journey that is as much a part of the experience as the various destinations on the way. These ships are passenger ships that come under commercial segments with different tourism activities and onboard facilities such as casinos, fitness centers, spas, cinemas, swimming pools, hot tubs, lounges, libraries, gyms and clubs. At present, cruise vacations have become affordable as compared to alternative land-based vacations, which include transport, meals, accommodation, and entertainment. This is attributed to the increase in disposable income of people and rise in popularity of the vacation on a cruise due to the cost difference and the amenities provided by the alternative vacations.
The recent developments in the cruise industry has been the divergence between companies building larger ships versus those catering to customers who want a more intimate experience. Companies like Royal Caribbean have been busy in building “megaliners” capable of carrying up to 3,000 passengers. These vessels continue to add more amenities, such as virtual reality gaming rooms, ice-skating rinks, and multi-story shopping centers, as well as special services, including bookings of onboard wedding ceremonies. Hence, the market has grown at a steady clip, with the design of modern cruise ships which is continuously evolving since the heyday of luxury ocean liners and the industry’s promising future.
Furthermore, automation is projected to become critical in handling mega cruise ships and the more digitally connected supply chains of the future. Various European firms are investing in cruise lines for delivering navigation, automation, and propulsion management solutions which has created opportunities for the growth of the market. Also, increase in demand for maritime services is another factor that is expected to drive the growth of the target market globally. For instance, in July 2021, Silversea Cruises launched its Silver Moon as the newest ship in its ultra-luxury fleet, building momentum in the cruise line’s global return to service. The launch of Silver Moon also marks the debut of Silversea’s revolutionary new culinary program, Sea and Land Taste or S.A.L.T.
For the purpose of analysis, the cruise ship market is segmented on the basis of type, application, size, and region. By type, the market is divided into mainstream cruise ships, ocean cruise ships, luxury cruise ships, and others. By application, it is fragmented into transportation, entertainment, and others. By size, it is categorized into small, mid, and large. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the cruise ship market are AmaWaterways, DSME Co. Ltd., Fincantieri S.P.A., Hyundai Heavy Industry Co. Ltd., Meyer Werft Gmbh & Co. Kg, Mitsubishi Heavy Industry. Ltd., MSC Cruises S.A., Norwegian Cruise Line Holdings Ltd., Samsung Heavy Industries Co. Ltd., and Silversea.
KEY BENEFITS FOR STAKEHOLDERSThis study presents an analytical depiction of the global cruise ship market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall cruise ship market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global cruise ship market with a detailed impact analysis.
The current cruise ship market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market SegmentsBy TypeMainstream Cruise Ships
Ocean Cruise Ships
Luxury Cruise Ships
Others
By ApplicationTransportation
Leisure
Others
By SizeSmall
Mid
Large
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Norwegian Cruise Line Holdings Ltd.
DSME Co. Ltd.
Fincantieri S.p.A.
MSC Cruises S.A.
Hyundai Heavy Industry Co. Ltd.
Silversea Cruises
AmaWaterways
Samsung Heavy Industries Co. Ltd.
Meyer Werft Gmbh & Co. Kg
Mitsubishi Heavy Industry. Ltd.
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