NEW YORK, Sept. 28, 2023 /PRNewswire/ — The river cruise market is estimated to grow by USD 3.21 billion from 2022 to 2027, growing at a CAGR of 12.9%. The river cruise market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer river cruise market are Abercrombie and Kent USA LLC, AmaWaterways, American Cruise Lines, ANTARA CRUISES, Avalon Waterways, Carnival Corp. and Plc, Fincantieri Spa, Hornblower Group Inc., MEYER WERFT GmbH and Co. KG, Nippon Yusen Kabushiki Kaisha, SAGA PLC, Scenic Tours UK Ltd., SCYLLA AG, The Walt Disney Co., Titagarh Wagons Ltd., TUI AG, Viking Cruises, and The Travel Corp. The report provides complete market analysis of key companies, their strategies, and the latest developments. Download a Free Sample before buying
Company Offering:
- The Travel Corp: The company offers river cruises such as Viking Elbe Ships, Viking Akun, and Viking Osiris.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market. North America will contribute 44% to the growth of the global market during the forecast period. River cruise passenger numbers have grown at an accelerating pace over the last 3 decades. Consequently, to facilitate the region’s growing passenger flow, river cruise ship operators are expanding passenger capacities, itineraries, and convenient embarkation ports. The aging population also drives the demand for the river cruise market in the region. Hence, due to such factors, the growth of the market in Europe is expected to grow during the forecast period. Download free sample report to get more insights on the market analysis in terms of share of various regions and the contribution of the segments.
- Impactful driver- Strong global economic recovery and an increasing number of high-net-worth individuals (HNWIs)
- Key Trend – Improvements in port infrastructure
- Major Challenges – Stringent rules and regulations against cruise tourism
Market Segmentation
- By Age Group, the 56 years and above segment is significant growth during the forecast period. The desire for hassle-free travel is a major demand driver in this segment. A seamless and convenient experience is offered by river cruising without the need for extensive planning, packing, and unpacking. This makes retirees seeking relaxation and cultural enrichment drawn to different forms of traveling like luxury accommodations, guided shore excursions, and opportunities to meet like-minded people on board. Hence, such factors drive the growth of the 56 years and above segment of the river cruise market during the forecast period.
Technavio Research experts have provided more insights on the market share of segments – View Free Sample Report
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The cruise tourism market size is estimated to grow at a CAGR of 11.4% between 2022 and 2027. The market size is forecast to increase by USD 21,029.11 million.
The cruiser bikes market size is expected to increase to USD 15.49 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.18%.
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River Cruise Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.9% |
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YoY growth 2022-2023 (%) |
11.87 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, Australia, UK, and Germany |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Age Group
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
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SOURCE Technavio
