Global Cruise Tourism Market Set to Reach USD 13.6 Billion by 2031 at a CAGR of 10.4 per cent

Reading Time: 2 minutes

The Global Cruise Tourism Market, valued at $5.3 billion in 2021, is on track to reach an impressive $13.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2031. This market report provides an in-depth analysis of the Cruise Tourism Market, highlighting its products, applications, and key specifications.

Key Market Players

The report profiles leading companies in the market, such as:

• Seabourn Cruise Line
• Ambassador Cruise Holidays Limited
• AmaWaterways
• Norwegian Cruise Line
• Cosmos Tours Ltd.
• Kerala Shipping and Inland Navigation Corporation Ltd
• Carnival Corporation & plc
• Silversea Cruises
• PONANT
• Mediterranean Shipping Company S.A.

These profiles include details on product types, business overviews, sales data, manufacturing bases, and applications.

Market Segmentation

The Cruise Tourism Market is categorized into several segments:

By Type:

• River Cruise
• Ocean Cruise
• Expedition Cruise
• Theme Cruise
• Adventure Cruise
• Others

By Duration:

• 1-3 days
• 4-6 days
• 7 days
• 8 to 13 days
• 14 days
• 15-20 days
• More than 21 days

By Passenger Age:

• Less than 12 Years
• 13-19 Years
• 20-29 Years
• 30-39 Years
• 40-49 Years
• 50-59 Years
• Above 60 Years

Market Analysis and Trends

The Cruise Tourism Market has seen continuous growth over the past few years and is expected to maintain this upward trajectory through 2031. The report offers a comprehensive assessment of the market, including future trends, current growth factors, and historical data. The study employs SWOT analysis and Porter’s five forces analysis to evaluate the strengths, weaknesses, opportunities, and threats faced by leading companies in the market.

Impact of COVID-19

The report also addresses the impact of the COVID-19 pandemic on the Cruise Tourism Market, considering political, economic, social, and technological factors. This analysis is crucial for understanding the potential changes and challenges the market may face in the near future.

Strategic Recommendations

Key strategic recommendations for businesses include establishing a presence in promising markets, identifying growth opportunities within various product segments, and understanding market constraints that could affect the growth rate. The report provides valuable insights into market shares, trends, and strategic planning for key business segments.

This comprehensive market research report relies on the latest industry news, trends, and opportunities to provide transparent insights into the factors expected to reshape the global Cruise Tourism Market.