Global Passenger Ferry Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Passenger Ferry Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A passenger ferry is a ship or boat that transports passengers across oceans, seas, or inland waterways. These ferries are a major part of the public transport system in various regions with coastal areas or large water bodies. The ferries are used to cross a large number of canals, rivers, or access islands. Certain regions depend only on these ferries for their public transport system and are an integral part of tourism. The report mainly studies the global Passenger Ferry Service market. Passenger Ferry Service mainly includes two types: One Way and Round Trip.

Market Overview:

The latest research study on the global Passenger Ferry Service market finds that the global Passenger Ferry Service market reached a value of USD 3149.86 million in 2022. It’s expected that the market will achieve USD 7555.99 million by 2028, exhibiting a CAGR of 15.7% during the forecast period.

In many countries, passenger ferries have been connected with public transportation on land to facilitate passengers to reach their destinations. With the prosperity of tourism and the development of shipping industry, the number of passengers traveling for various purposes around the world has steadily increased. This is the main factor to promote the development of Passenger Ferry Service market in recent years.

Travel restrictions of COVID-19 led to a sharp decrease in the number of passengers, and the Passenger Ferry Service in many places was forced to stop. Blocked most of the tourism and public transportation operations. The implementation of strict regulations on passenger travel at this specific time and the gradual change of consumers' preferences for other forms of travel have inhibited the revenue growth of the global Passenger Ferry Service market.

However, with the improvement of the epidemic situation, the Passenger Ferry Service market is expected to recover. However, service providers and passengers still need to comply with relevant epidemic prevention requirements. Take for example, Greece stipulated that ferry passengers must have a quick Covid-19 test in advance, and only passengers with negative results can travel by ferry. At the same time, many Passenger Ferry Service providers require passengers to wear masks.

Region Overview:

In 2022, the share of the Passenger Ferry Service market in Europe stood at 59.11%.

Company Overview:

Stena Line is one of the major players operating in the Passenger Ferry Service market, holding a share of 9.91% in 2022.

Stena Line

Stena Line is a Swedish shipping line company and one of the largest ferry operators in the world.

Washington State Ferries

Washington State Ferries (WSF) is a government agency that operates automobile and passenger ferry service in the U.S. state of Washington as part of the Washington State Department of Transportation. WSDOT keeps people, businesses and the economy moving by operating and improving the state's multimodal transportation system. In addition to building and maintaining the state highway system, WSDOT is responsible for the state ferry system, and works in partnership with others to maintain and improve local roads, railroads and airports, as well as to support alternatives to driving, such as public transportation, bicycles and pedestrian programs.

Segmentation Overview:

By type, One Way segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Adults, with a market share of 66.42% in 2022.

Key Companies in the global Passenger Ferry Service market covered in Chapter 3:

P&O Ferries
DFDS
Irish Continental Group
Corsica Ferries
Minoan Lines
Tallink
Interislander
Brittany Ferries
BC Ferries
Condor Ferries
Stena Line
Washington State Ferries
Bluebridge Cook Strait Ferries

In Chapter 4 and Chapter 14.2, on the basis of types, the Passenger Ferry Service market from 2018 to 2029 is primarily split into:

One Way
Round Trip

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Passenger Ferry Service market from 2018 to 2029 covers:

Children
Adults
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)