North America Cruise Market Size, Share & Trends Analysis Report By Type (Ocean Cruises and River Cruises), By Country and Growth Forecast, 2024 - 2031
The North America Cruise Market would witness market growth of 10.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,004.1 Million by 2031. The Canada market is experiencing a CAGR of 12.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2024 - 2031).
Cruises are vacations or journeys taken aboard a cruise ship, typically with multiple stops at various ports of call. They allow passengers to travel to different destinations while enjoying onboard amenities and entertainment. Cruise ships vary in size and style, ranging from large ocean liners with thousands of passengers to smaller vessels offering more intimate experiences. Some cruises are designed for relaxation, with amenities like spas, pools, and sun decks, while others are more focused on entertainment, with theaters, casinos, and nightclubs.
The market represents a dynamic and flourishing sector within the broader tourism industry, offering travelers unparalleled opportunities for leisure and exploration at sea. At its core, the market comprises cruise lines that operate fleets of ships, each serving as a floating resort equipped with many amenities and activities designed to cater to passengers' diverse preferences.
The Mexican government reports a significant increase in international tourists, which can positively impact the market. With more tourists visiting Mexico, cruise lines may consider including Mexican destinations, attracting more cruise passengers and boosting tourism revenue. This demonstrates the interconnectedness of the market with broader tourism trends and highlights the potential for growth in cruise tourism in Mexico. Hence, the region will present lucrative growth opportunities for the market.
Based on Type, the market is segmented into Ocean Cruises and River Cruises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Cruise Market, by Type
- 1.4.2 North America 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. North America Cruise Market by Type
- 5.1 North America Ocean Cruises Market by Country
- 5.2 North America River Cruises Market by Country
- Chapter 6. North America Cruise Market by Country
- 6.1 US Cruise Market
- 6.1.1 US Cruise Market by Type
- 6.2 Canada Cruise Market
- 6.2.1 Canada Cruise Market by Type
- 6.3 Mexico Cruise Market
- 6.3.1 Mexico Cruise Market by Type
- 6.4 Rest of North America Cruise Market
- 6.4.1 Rest of North America 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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