Market Overview:
The global luxury cruise ship market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury cruises and rising disposable income of consumers. Based on type, the global luxury cruise ship market is segmented into large luxury cruise ships and small luxury cruise ships. Large luxury cruise ships are expected to account for a larger share in the global market due to their luxurious features and amenities. Based on application, the global market is segmented into entertainment, travel, and others (such as business meetings/conferences). Entertainment is expected to be the leading application segment in terms of revenue contribution during the forecast period.
Product Definition:
A luxury cruise ship is a type of large passenger ship used for luxury cruises. The term "luxury cruise ship" has no precise definition, but is often used to describe ships that are expensive and offer high-end amenities.
Large Luxury Cruise Ship:
Large luxury cruise ship is a passenger liner with more than 600 cabins and a capacity of accommodating up to 2,000 passengers. The term large luxury cruise ship was first used in the year 2000 when the World Cruise Ship Society (WCS) decided to promote and define ships with more than 600 cabins as large luxury cruise ships. Since then, it has been used consistently by various operators globally to market their vessels as luxurious or premium liners.
Small Luxury Cruise Ship:
Small luxury cruise ship is a vessel that provides personal service and the highest quality of travel and tourism. The ships are characterized by refined amenities, superior facilities, personalized service, excellent cuisine provided by an onboard culinary team as well as a bar with premium drinks available in the open air on deck. Small luxury cruise ships can be considered as floating hotels with all the above characteristics.
Application Insights:
The travel application segment dominated the global luxury cruise ship market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to increasing demand from various end-use markets including Europe, North America and Asia Pacific. Travelers are increasingly opting for a cruise vacation as it offers a variety of experiences including culture, cuisine and wildlife viewing in addition to relaxation and entertainment opportunities at sea.
Entertainment was the second largest application segment that accounted for 39.9% share of total revenue in 2017 on account of providing an opportunity for passengers to indulge into various activities such as fine dining, dancing, live performances by famous artistse or bands etc.
Regional Analysis:
Europe dominated the global luxury cruise ship market in 2017. The region is expected to continue its dominance over the forecast period as well. Europe has a large number of private islands, which are popular among tourists seeking for an exclusive getaway. Moreover, countries such as Greece and Croatia offer world-class water sports and fishing opportunities that are attracting more and more travelers looking for adventure activities on board a luxury cruise ship in Europe.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 owing to increasing disposable income levels coupled with growing tourism industry in emerging economies such as China, India, Thailand, Singapore etc., offering potential growth opportunities for this segment over the forecast period. Furthermore, new ships have been added recently by some of the prominent players operating within Asia Pacific including Celebrity Cruises (2018) Ltd., Crystal Cruises (2017) Pte Ltd., Silversea Cruises Ltd.
Growth Factors:
- Increasing disposable income of people across the globe is expected to drive the growth of luxury cruise ship market.
- Rising demand for luxury travel and leisure is another key factor that would fuel the growth of this market in coming years.
- Proliferation of online booking platforms is anticipated to benefit the growth prospects of this market in near future.
- Growing popularity of cruises as a vacation option among millennials is projected to create new opportunities for players operating in luxury cruise ship market during forecast period.
- Expansion and refurbishment plans announced by leading players are likely to boost the demand for luxury cruise ships over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Cruise Ship Market Research Report
By Type
Large Luxury Cruise Ship, Small Luxury Cruise Ship
By Application
Entertainment, Travel, Others
By Companies
Royal Caribbean International, Cruise Critic, Azamara, Oceania Cruises, Carnival, Norwegian Cruise Line, Viking Ocean Cruises, Seabourn Cruise Line, Crystal Cruises, Regent Seven Seas Cruises, Silversea Cruises, American Cruise Lines, Princess Cruises, Celebrity Cruises
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Cruise Ship Market Report Segments:
The global Luxury Cruise Ship market is segmented on the basis of:
Types
Large Luxury Cruise Ship, Small Luxury Cruise Ship
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Entertainment, Travel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Caribbean International
- Cruise Critic
- Azamara
- Oceania Cruises
- Carnival
- Norwegian Cruise Line
- Viking Ocean Cruises
- Seabourn Cruise Line
- Crystal Cruises
- Regent Seven Seas Cruises
- Silversea Cruises
- American Cruise Lines
- Princess Cruises
- Celebrity Cruises
Highlights of The Luxury Cruise Ship Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Large Luxury Cruise Ship
- Small Luxury Cruise Ship
- By Application:
- Entertainment
- Travel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Cruise Ship Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A luxury cruise ship is a large, expensive vessel that is used for pleasure travel. Luxury cruise ships typically have more luxurious amenities than other types of cruise ships, such as larger and more comfortable cabins, better food and drink options, and more activities to keep passengers entertained.
Some of the major players in the luxury cruise ship market are Royal Caribbean International, Cruise Critic, Azamara, Oceania Cruises, Carnival, Norwegian Cruise Line, Viking Ocean Cruises, Seabourn Cruise Line, Crystal Cruises, Regent Seven Seas Cruises, Silversea Cruises, American Cruise Lines, Princess Cruises, Celebrity Cruises.
The luxury cruise ship market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Cruise Ship Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Cruise Ship Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Cruise Ship Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Cruise Ship Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Cruise Ship Market Size & Forecast, 2018-2028
4.5.1 Luxury Cruise Ship Market Size and Y-o-Y Growth
4.5.2 Luxury Cruise Ship Market Absolute $ Opportunity
Chapter 5 Global Luxury Cruise Ship Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Luxury Cruise Ship Market Size Forecast by Type
5.2.1 Large Luxury Cruise Ship
5.2.2 Small Luxury Cruise Ship
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Cruise Ship Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Luxury Cruise Ship Market Size Forecast by Applications
6.2.1 Entertainment
6.2.2 Travel
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Cruise Ship Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Cruise Ship Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Luxury Cruise Ship Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Cruise Ship Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Luxury Cruise Ship Market Size Forecast by Type
9.6.1 Large Luxury Cruise Ship
9.6.2 Small Luxury Cruise Ship
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Luxury Cruise Ship Market Size Forecast by Applications
9.10.1 Entertainment
9.10.2 Travel
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Luxury Cruise Ship Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Cruise Ship Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Luxury Cruise Ship Market Size Forecast by Type
10.6.1 Large Luxury Cruise Ship
10.6.2 Small Luxury Cruise Ship
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Luxury Cruise Ship Market Size Forecast by Applications
10.10.1 Entertainment
10.10.2 Travel
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Luxury Cruise Ship Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Cruise Ship Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Luxury Cruise Ship Market Size Forecast by Type
11.6.1 Large Luxury Cruise Ship
11.6.2 Small Luxury Cruise Ship
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Luxury Cruise Ship Market Size Forecast by Applications
11.10.1 Entertainment
11.10.2 Travel
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Luxury Cruise Ship Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Cruise Ship Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Luxury Cruise Ship Market Size Forecast by Type
12.6.1 Large Luxury Cruise Ship
12.6.2 Small Luxury Cruise Ship
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Luxury Cruise Ship Market Size Forecast by Applications
12.10.1 Entertainment
12.10.2 Travel
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Luxury Cruise Ship Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Cruise Ship Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Luxury Cruise Ship Market Size Forecast by Type
13.6.1 Large Luxury Cruise Ship
13.6.2 Small Luxury Cruise Ship
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Luxury Cruise Ship Market Size Forecast by Applications
13.10.1 Entertainment
13.10.2 Travel
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Cruise Ship Market: Competitive Dashboard
14.2 Global Luxury Cruise Ship Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Royal Caribbean International
14.3.2 Cruise Critic
14.3.3 Azamara
14.3.4 Oceania Cruises
14.3.5 Carnival
14.3.6 Norwegian Cruise Line
14.3.7 Viking Ocean Cruises
14.3.8 Seabourn Cruise Line
14.3.9 Crystal Cruises
14.3.10 Regent Seven Seas Cruises
14.3.11 Silversea Cruises
14.3.12 American Cruise Lines
14.3.13 Princess Cruises
14.3.14 Celebrity Cruises
