Europe Cruise Market Size, Share & Trends Analysis Report By Type (Ocean Cruises and River Cruises), By Country and Growth Forecast, 2024 - 2031
The Europe Cruise Market would witness market growth of 10.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,038.6 Million by 2031. The UK market is exhibiting a CAGR of 9.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.7% during (2024 - 2031).
Cruise vacations have evolved into immersive experiences that combine the excitement of travel with the comfort and luxury of onboard accommodations. From world-class dining options and entertainment venues to rejuvenating spa treatments and thrilling shore excursions, cruise ships offer something for everyone, regardless of age or interest.
Some of the most popular cruise itineraries include those in the Caribbean, Mediterranean, and Alaska. Caribbean cruises are popular due to the region's stunning beaches, crystal-clear waters, and vibrant island culture. These cruises often include stops at destinations such as the Bahamas, Jamaica, the Cayman Islands, and St. Maarten, where passengers can enjoy snorkeling, diving, and exploring historic sites.
As a key player in the European market, Italy has also seen significant developments in its blue economy, including cruise tourism. Italy's blue economy generated $145 billion in 2021, representing 10% of Italian GDP and making it the third-largest blue economy in Europe. Italy's National Recovery and Resilience Plan (NRRP) includes substantial investments of up to $3.1 billion through 2026 to modernize port infrastructures, further enhancing its position as a leading destination for cruise tourism in Europe. Overall, the expanding market in Europe is evident from the strong growth in cruise passengers, the diversification of cruise destinations, and the investments in port infrastructures. These factors indicate a positive outlook for the European market, with continued growth expected in the coming years.
Based on Type, the market is segmented into Ocean Cruises and River Cruises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
By Type
- Ocean Cruises
- River Cruises
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Cruise Market, by Type
- 1.4.2 Europe Cruise Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Cruise Market
- Chapter 5. Europe Cruise Market by Type
- 5.1 Europe Ocean Cruises Market by Country
- 5.2 Europe River Cruises Market by Country
- Chapter 6. Europe Cruise Market by Country
- 6.1 Germany Cruise Market
- 6.1.1 Germany Cruise Market by Type
- 6.2 UK Cruise Market
- 6.2.1 UK Cruise Market by Type
- 6.3 France Cruise Market
- 6.3.1 France Cruise Market by Type
- 6.4 Russia Cruise Market
- 6.4.1 Russia Cruise Market by Type
- 6.5 Spain Cruise Market
- 6.5.1 Spain Cruise Market by Type
- 6.6 Italy Cruise Market
- 6.6.1 Italy Cruise Market by Type
- 6.7 Rest of Europe Cruise Market
- 6.7.1 Rest of Europe Cruise Market by Type
- Chapter 7. Company Profiles
- 7.1 Carnival Corporation & plc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 SWOT Analysis
- 7.2 Royal Caribbean Cruises Ltd.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Partnerships, Collaborations, and Agreements:
- 7.2.4.2 Acquisition and Mergers:
- 7.2.5 SWOT Analysis
- 7.3 MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Partnerships, Collaborations, and Agreements:
- 7.4 Norwegian Cruise Line Holdings Ltd.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 SWOT Analysis
- 7.5 Disney Cruise Line (The Walt Disney Company)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Recent strategies and developments:
- 7.5.4.1 Partnerships, Collaborations, and Agreements:
- 7.5.5 SWOT Analysis
- 7.6 Cruiseaway (Dreamlines GmbH)
- 7.6.1 Company Overview
- 7.7 Island Queen Cruises
- 7.7.1 Company Overview
- 7.8 American Cruise Lines
- 7.8.1 Company Overview
- 7.9 The Independent Traveler, Inc. (Tripadvisor Inc.)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.10. Viking River Cruises Inc.
- 7.10.1 Company Overview
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