Market Overview:
The global passenger ships market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-speed passenger ships for transportation and entertainment purposes. Additionally, the growing tourism industry is also contributing to the growth of this market. North America is expected to lead the global passenger ships market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A passenger ship is a merchant ship that carries passengers on voyages for pleasure or transportation. The importance of Passenger Ships is that they provide a way for people to travel from one place to another without having to use an airplane.
Conventional Passenger Ships:
Conventional passenger ships are those used for transporting passengers and goods. They are mainly cargo vessels or cruise ships that have been converted to passenger use. Some conventional passenger ships, such as the SS Norway, were purpose-built as floating hotels and restaurants.
High-Speed Passenger Ships:
High-speed passenger ships are large, fast and luxury vessels that link major ports with destinations across the globe. They are used to transport passengers and their luggage between two points with relatively short travel times.
Application Insights:
The transportation segment dominated the market in 2017 and is expected to witness a CAGR of XX% over the forecast period owing to increasing demand for passenger ships for tourism purposes as well as for commercial purposes. Increasing air traffic across various regions coupled with rising number of cruise passengers has led to increased need for passenger ships in this application segment.
Entertainment was the second largest application segment accounted for 24% share of the total revenue in 2017 due to growing trend towards luxurious river cruising vacations that offer an immersive experience along with activities such as fine dining, live music, spa treatments, and enrichment classes. Growing popularity among millennials has paved way new trends such as floating cities where entire families can spend a night on vacation at once while traveling by cruise ship or luxury liner. These trends are expected to drive growth over the forecast period especially during summer season when most popular destinations receive millions of tourists every year from all around world resulting into huge demand which will positively impact industry growth during upcoming years.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 40.0% in 2017 owing to the presence of major ports including Southampton, Rotterdam, and Le Havre. Europe is home to several cruise ship destinations such as France, Italy, Croatia, Norway among others that are popular tourist destinations renowned for their beauty and historical significance.
Asia Pacific is expected to witness significant growth over the forecast period from 2018 to 2030 due to increasing passenger traffic on account rising disposable income especially in China and India coupled with growing tourism industry resulting from these factors will drive demand for passenger ships across this region. Furthermore growing travel & tourism sector along with developing infrastructure will also contribute towards regional market growth over the next eight years.
Growth Factors:
- Increasing demand for cruise holidays: The global cruise industry is expected to grow at a CAGR of around 5% during the period 2016-2020. This growth can be attributed to the increasing demand for cruise holidays, especially from emerging markets such as China and India.
- Rise in disposable income: The rise in disposable income has led to an increase in spending on luxury items, including cruises. In addition, the number of affluent consumers is also rising, which is contributing to the growth of the passenger ships market.
- Proliferation of low-cost carriers: Low-cost carriers (LCCs) have revolutionized air travel by making it more affordable for people across different economic segments. This has led to an increase in demand for cruises as well, as they offer a similar cost advantage over traditional vacations packages that include airfare and hotel stay together.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Ships Market Research Report
By Type
Conventional Passenger Ships, High-Speed Passenger Ships
By Application
Transportation, Entertainment, Others
By Companies
Mitsubishi Heavy Industries, Damen, Meyer Werft, Fincantieri, Burger Boat Company, Remontowa, Dearsan, Incat, Nichols Bros Boat Builders, Sembcorp Marine, Swede Ship
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Ships Market Report Segments:
The global Passenger Ships market is segmented on the basis of:
Types
Conventional Passenger Ships, High-Speed Passenger Ships
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
Transportation, Entertainment, 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:
- Mitsubishi Heavy Industries
- Damen
- Meyer Werft
- Fincantieri
- Burger Boat Company
- Remontowa
- Dearsan
- Incat
- Nichols Bros Boat Builders
- Sembcorp Marine
- Swede Ship
Highlights of The Passenger Ships 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:
- Conventional Passenger Ships
- High-Speed Passenger Ships
- By Application:
- Transportation
- Entertainment
- 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 Passenger Ships 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Passenger ships are large, commercial vessels that transport passengers and cargo. They are typically powered by engines and can travel at high speeds over long distances.
Some of the key players operating in the passenger ships market are Mitsubishi Heavy Industries, Damen, Meyer Werft, Fincantieri, Burger Boat Company, Remontowa, Dearsan, Incat, Nichols Bros Boat Builders, Sembcorp Marine, Swede Ship.
The passenger ships market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Passenger Ships Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Passenger Ships Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Passenger Ships Market - Supply Chain
4.5. Global Passenger Ships Market Forecast
4.5.1. Passenger Ships Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Passenger Ships Market Size (000 Units) and Y-o-Y Growth
4.5.3. Passenger Ships Market Absolute $ Opportunity
5. Global Passenger Ships Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Passenger Ships Market Size and Volume Forecast by Type
5.3.1. Conventional Passenger Ships
5.3.2. High-Speed Passenger Ships
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Passenger Ships Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Passenger Ships Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. Entertainment
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Passenger Ships Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Passenger Ships Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Passenger Ships Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Passenger Ships Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Passenger Ships Demand Share Forecast, 2019-2026
9. North America Passenger Ships Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Passenger Ships Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Passenger Ships Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. Entertainment
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Passenger Ships Market Size and Volume Forecast by Type
9.7.1. Conventional Passenger Ships
9.7.2. High-Speed Passenger Ships
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Passenger Ships Demand Share Forecast, 2019-2026
10. Latin America Passenger Ships Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Passenger Ships Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Passenger Ships Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. Entertainment
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Passenger Ships Market Size and Volume Forecast by Type
10.7.1. Conventional Passenger Ships
10.7.2. High-Speed Passenger Ships
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Passenger Ships Demand Share Forecast, 2019-2026
11. Europe Passenger Ships Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Passenger Ships Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Passenger Ships Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. Entertainment
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Passenger Ships Market Size and Volume Forecast by Type
11.7.1. Conventional Passenger Ships
11.7.2. High-Speed Passenger Ships
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Grwth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Passenger Ships Demand Share, 2019-2026
12. Asia Pacific Passenger Ships Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Passenger Ships Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Passenger Ships Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. Entertainment
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Passenger Ships Market Size and Volume Forecast by Type
12.7.1. Conventional Passenger Ships
12.7.2. High-Speed Passenger Ships
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Passenger Ships Demand Share, 2019-2026
13. Middle East & Africa Passenger Ships Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Passenger Ships Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Passenger Ships Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. Entertainment
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Passenger Ships Market Size and Volume Forecast by Type
13.7.1. Conventional Passenger Ships
13.7.2. High-Speed Passenger Ships
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Passenger Ships Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Passenger Ships Market: Market Share Analysis
14.2. Passenger Ships Distributors and Customers
14.3. Passenger Ships Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Heavy Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Damen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Meyer Werft
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fincantieri
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Burger Boat Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Remontowa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dearsan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Incat
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nichols Bros Boat Builders
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sembcorp Marine
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Swede Ship
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
