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Global cruise tourism market is anticipated to grow at a significant CAGR of 10.4% during the forecast period (2024-2031).The market has seen significant growth primarily owing to increased government support and infrastructure development. The Indian government's proactive efforts in developing cruise tourism, including infrastructure investments, can boost global growth by attracting cruise operators to destinations. According to the HVS, in July 2023, India's cruise industry has yet to fully capitalize on its advantageous 7,500 km coastline, despite being home to 12 major ports and over 200 minor ports. In 2022, the industry's value was a modest $100 million, significantly lower than the global market.
However, the government has recognized the potential of cruise tourism and is now actively working towards its development, aiming to increase the number of cruise passengers from 0.4 million to 4 million by 2041. Efforts include plans to expand the fleet of cruise ships from 208 to 500 by 2030 and establish three new international cruise terminals by 2024. Additionally, the tourism ministry has released the Draft National Strategy for Cruise Tourism, which outlines proposals to facilitate the growth of the cruise tourism.
Customers have grown increasingly engaged in immersive travel experiences, and cruise vacations offer a blend of comfort, convenience, and exploration that allows travelers to experience several locations in a single excursion.According to the National Institute of Health (gov.) in December 2022, the cruise tourism industry has been experiencing significant growth, with demand increasing at an estimated rate of 7.0% per year over the past decade. In 2019, the number of cruise passengers exceeded 30 million. However, it's important to note that the industry is also known for its volatility and high capital requirements, with new cruise vessels costing around $1.3 billion each.
To Request a Sample of our Report on Cruise Tourism Market:https://www.omrglobal.com/request-sample/cruise-tourism-market
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Cruise Type
- By Passenger Age
- By Duration Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Carnival Corporation & plc, Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings Ltd., MSC Cruises, and The Walt Disney Co. among others.
Cruise Tourism Market Report Segment
By Cruise Type
- Adventure Cruises
- Classic Cruises
- Luxury Cruises
- River Cruises
- Others (Ocean Cruises, and Theme Cruises)
By Passenger Age
- Children
- Adult
- senior citizen
By Duration Type
- Short
- Medium
- Extended
A full Report of Cruise Tourism Market is Available @ https://www.omrglobal.com/industry-reports/cruise-tourism-market
Cruise Tourism Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AmaWaterways
- Ambassador Cruise Holidays Ltd.
- Olsen Cruise Lines
- Globus & Cosmos
- Kerala Shipping and Inland Navigation Corporation Ltd
- Norwegian Cruise Line Holdings Ltd.
- P&O Cruises
- PONANT
- Royal Caribbean Cruises Ltd.
- Seabourn Cruise Line Ltd.
- Shipping Company S.A.
- SILVERSEA CRUISES LTD.
- Silversea Cruises Ltd.
- The Walt Disney Co.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cruise-tourism-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
Article source: https://article-realm.com/article/Business/63310-Cruise-Tourism-Market-is-Dazzling-Worldwide-and-Forecast-to-2031.html
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