About Cruise Liner
The cruise liner is defined as the combination of transportation as well as leisure entertainment businesses. It is used in various applications such as leisure travel, tourism, and others. Growth in the tourism sector, increase in disposable income and rising number of cruise passengers or travelers across the world are projected to drive the global cruise liner market over the forecast period. There is a significant demand for cruise liner in Asia. For instance, According to an article published by Cruise Lines International Association (CLIA), the number of cruise ships deployed in Asia augmented by more than 53% in 2017 from 2013. In addition, in 2013, the carrying capacity of more than 1.51 million passengers, while in 2017, it reached 4.24 million passengers. Hence, it drives the market growth.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Cruise Liner is a Consolidated market due to the presence of few players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cruise Liner 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.
Carnival Corporation & plc (United States), Genting Hong Kong Limited (Hong Kong), MSC Cruises (Switzerland), Norwegian Cruise Line Holdings (United States), Royal Caribbean International (United States), American Cruise Lines, Inc. (United States), Princess Cruises (United States), Cruise Critic (United States), Carnival Cruise Line (United States) and Celebrity 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 Shanghai Waigaoqiao (China), Holland America Line (United States), Cunard (United Kingdom), Seabourn Cruise Line (United States), Royal Caribbean (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cruise Liner market by Type (Ocean Cruise Ships, Luxury Cruise Ships, Adventure Cruise Ships, River Cruise Ship and Others {Small Cruise Ship, Expedition Cruise ships, Mega Cruise Ship and Mainstream Cruise Ship}), Application (Transportation, Entertainment and Others) and Region.
On the basis of geography, the market of Cruise Liner 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).
Influencing Trend:
Cruise Lines Increasingly Using Sustainable Initiatives, Increased demand for immersive destination experience. and Automation in marine transport.
Market Growth Drivers:
Increase in international marine freight transport. and Rise in tourism and hospital industry.
Challenges:
Minimizing ecological impacts by mitigating the harmful effects of waste discharge and operations, which could be challenges for market growth.
Restraints:
Presence of a Large Number of Regulations and Concern over environmental impact, include carbon emissions and pollution.
Opportunities:
Large Number of Millennial population and Rising Purchasing Capacity
Market Leaders and their expansionary development strategies
In September 2023, MSC Cruises announced new multi-year partnership with MIAMI DOLPHINS ahead of the 2023 football season. MSC Cruises, the world's third largest and fastest growing cruise line, is teaming up with the Miami dolphins and hard rock stadium for a multi-year partnership ahead of 2023, as the official cruises line of the Miami dolphins, the partnership gives MSC Cruises widespread branding and promotional opportunities at hard rock stadium, including in stadium signage, entitlement to stadium's 100 level and a wide variety of commercial placements.
In March 2023, MSC Cruises and formula 1 join forces to launch a unique grand prix Hospitality experience, offering has been unveiled promising an unrivalled race weekend accommodation to the next level providing a fully integrated grand prix experience that bring the trackside thrills of the final race of the season on board MSC Virtuosa, one of the line's most modern and stylish cruise ships.
Key Target Audience
Cruise Liners Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies 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.