About River Cruise
Global Cruise Tourism Industry is a lavish form of traveling that involves an all-inclusive holiday on a cruise ship for a minimum of 48 hours. These ships call for different ports of different cities so that people can enjoy their travel by exploring various cities. A river cruise is a part of this tourism industry which especially is a voyage along inland waterways, it also offers to a stoppage at multiple ports along the way. One of the major benefits of this river cruise is that it is across cities and towns, which enables the river cruise ships frequently to dock in the center of cities and towns. As per it is seen that approximately, River cruises in Europe have seen a 53% year-over-year growth to eastern waterways (the Rhine, Moselle, Danube, Elbe) and a 30% growth to western channels (Soane, Seine, Loire), as well as a 24% growth to the south (Douro, Rhone, Dordogne, Garonne, Po). Thus enhancing the market demand of these river cruises.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the River Cruise market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for River Cruise Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that North America Vendors will contribute the maximum growth to Global River Cruise market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fincantieri (Italy), Meyer Werft GmbH (Germany), Chantiers del’Atlantique (France), DSME (South Korea), Samsung Heavy Industries (South Korea), NYK Line (Japan), Tauck (United States), Avalon Waterways (United States), AmaWaterways (United States) and Crystal Cruises (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Uniworld River Cruises (United States), Viking Cruises (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global River Cruise market by Type (Wood, Steel and Others), Application (For Passengers and For Goods) and Region.
On the basis of geography, the market of River Cruise has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Passenger Age Group, the sub-segment i.e. <=12 will boost the River Cruise market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Type, the sub-segment i.e. B2B will boost the River Cruise market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Service Standard in Tourism and Increasing Adoption of Repositioning Cruising is one of the major Trends
Market Growth Drivers:
The Rising Disposable Income of People Towards Cruising Industry is Driving the Industry and Increase in the Preference to Luxury Lifestyle and Spending over Leisure Travel
Challenges:
Lack of Skilled Personnel to Handle and Operate River Cruise and Higher Prices than Some Other Vacations
Restraints:
High-Cost Associated With these River Cruise Ships, Issue Related to Environmental Concerns and Folks with Mobility Issues could be Limited
Opportunities:
Including the Number of Exciting, fun, and Recreational Activities on the River Cruise has Upsurge this Market and Europe has the Leading Role in the World River Cruise Market with Nearly Half the Total Berths Available which Provides Opportunities in this Market
Market Leaders and their expansionary development strategies
In January 2023, Riverside Luxury Cruises announced the expansion of its river fleet with the acquisition of the former Crystal fleet: MS Bach, MS Ravel, MS Mahler and MS Debussy.
In July 2023, Amit Shah launched 'Akshar River Cruise' on Sabarmati Riverfront in Ahmedabad. This cruise is the first passenger catamaran built in India under Make in India at a cost of Rs 15 crore with twin engines and it can safely travel for one and a half hours.
Key Target Audience
River Cruise Manufacture, River Cruise Distributors, End-Users, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.