The global cruise liner market is projected to grow at a CAGR of 6.53% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The number of passengers in river cruises has increased in the last two decades. River cruises in Rhine, Danube, Main, Elbe, Moselle, and Seine rivers is fueling the growth of river cruise market in Europe. The market is expected to further grow during the forecast period with the development of river cruises in regions with rivers such as Mississippi, Mekong, Amazon and Yangtze rivers.
According to the report, one of the major drivers for this market is the growing global tourism market. The tourism industry has witnessed considerable growth in the last few decades, especially in countries of Europe, South East Asia, and North America. The global tourism industry is expected to grow from USD 8.33 trillion in 2016 to USD 10.95 trillion in 2021. Thus, the growth of the tourism industry will boost the growth of the cruise liner market throughout the next five years.
Further, the report states that one of the major factors hindering the growth of this market is the high carbon dioxide emission of cruise ships, which causes environmental degradation. These ships use heavy fuel oil, which is highly toxic and causes harm to the environment. Thus, the environmental pollution caused by cruise ships will hamper the growth of the market during the forecast period.
- Rising Popularity of River Cruises
- Growing Demand for Adventure Tourism
- Cruise Lines Increasingly Using Sustainable Initiatives
- Carnival Corporation
- Genting Hong Kong
- MSC Cruises
- Norwegian Cruise Line Holdings
- Royal Caribbean International
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Service Type
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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