Industry Background:
A cruise ship is a passenger ship which takes passenger for travel from one place to another with pleasure. In this journey passengers are provided with luxurious goods and better treatment which increases their comfort level. Generally, the length of the cruise ship is 1,187 feet, the tonnage for a passenger cruise is 225,300 tons with max crew-passenger capacity of almost 8,500. The rising number of cruise passenger and increase in tourism and hospitality industry is driving the market for cruise ship.This growth is primarily driven by Increasing Number of Cruise Passenger or Travelers and Increase in Tourism and Hospitality Industry Owing To Rising Economy and High Disposable Income.
Globally, a noticeable market trend is evident Growing Service Standard in Tourism
. Major Manufacturers, such as Hyundai Heavy Industry Co. Ltd (South Korea), Dsme Co. Ltd (South Korea), Mediterranean Shipping Company S.A. (Italy), Samsung Heavy Industries Co. Ltd. (South Korea), Meyer Werft Gmbh & Co. Kg (Germany), Fincantieri S.P.A. (Italy), Mitsubishi Heavy Industry. Ltd. (Japan), Oshima Shipbuilding Co. Ltd. (Japan), China State Shipbuilding Corporation (China) and MV WERFTEN Wismar GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In June 2017, Cruise ship launches the world’s first underwater lounge. French Cruise company Ponant is aiming to change that by installing the passenger lounge in the hull of its new Le Laperouse liner. The architect plans to create a futuristic feel and accommodate up to 40 people. Non-instructive underwater light will be installed outside the portholes to allow observation of the seabeds and of photoluminescent fish and plant life. High-resolution digital screen will dot the lounge, displaying live aquatic images filmed by underwater cameras placed at the front, back and centre of the ship hull. Guest will be able to experience the sound effect. Deep sea sound will be captured across a five-kilometre radius and will be streamed out over a 3D sound system.
Market Drivers
- Increasing Number of Cruise Passenger or Travelers
- Increase in Tourism and Hospitality Industry Owing To Rising Economy and High Disposable Income
Market Trend
- Growing Service Standard in Tourism
- Initiatives for Development of Cruise Ship
Restraints
- High Cost Associated With Cruise Ship
- Issue Related to Environmental Concerns
Opportunities
Emerging New Destination with All Advance Service Standards in Emerging Economics
Challenges
Lack of Skilled Personnel to Handle and Operate Cruise Ship
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cruise Ships Study Sheds Light on
The Cruise Ships Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cruise Ships industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cruise Ships industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.