Cruise Ship Market Overview
According to the Society for Human Resource Management (SHRM), the period of time or gen Y generation bracket in India is projected to be 500th of the workforce by 2020. In addition, per pew centre, millennials within the U.S. accounted for a population of seventy one million in 2016 and are expected to overtake baby boomers within the forthcoming years. In leading nations across the world, millennials are the major earning population bracket. Over the years, the prevalence of cruising amongst millennials has significantly augmented on the rear of rising per capita income and a rise in luxury expenditure amongst the cohort. The prevalence of a bigger range of period of time populations together with their strengthening buying capability not to mention substantial demand for voyaging among the generation Y and generation Z, on the rear of a surge in luxury expenditure, all such factors area unit anticipated to contribute considerably towards the expansion of the worldwide cruise ships market.
The lack of resources to meet the fulminant inflow within the demand for cruise ships interprets to the delay within the delivery and induction of cruise ships. In addition, the delay in delivery of the cruise ships also hampers the price of the ship, moving the profitableness of the manufacturer. Such factors are thought of two impacts negatively the expansion of the worldwide cruise ships market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Sales Channel and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Neptun Werft GmbH & Co. KG, FINCANTIERI S.p.A., Mitsubishi Heavy Industries, Ltd., Fujian Shipbuilding Industry Group Corporation, Genting Hong Kong Limited, Daewoo Shipbuilding & Marine Engineering Co., Ltd., and Samsung Heavy Industries Co., Ltd. |
The covid-19 Impact on Cruise Ship Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Cruise Ship Market Segment Overview
By Product, cruise ships segment accounted major market share, cruises ships mostly coming with new facilities and advanced features.
By Sales Channel, OEM segment accounted major market share, owing to advanced technology in cruise and naval.
Market Analysis, Insights and Forecast – By Product
· Mainstream
· Mega Cruise
· Expedition Cruise
· River Cruise
· Others
Market Analysis, Insights and Forecast – By Sales Channel
· OEM
· Aftermarket
Cruise Ship Market Regional Overview
Region-wise, in terms of regions, both the regional markets are seemingly to witness sturdy CAGR within the gas spring market due to robust automotive and industrial sectors in China, India, Japan, and the US. The Western Europe market is projected to register a healthy CAGR due to sturdy automotive base and presence of leading automobile makers in Deutschland and therefore the UK.
Cruise Ship Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Cruise Ship Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Cruise Ship are highlighted below.
· June 2023: FINCANTIERI S.p.A. and military service naval have signed the Alliance Cooperation Agreement that may be a 50/50 venture between the 2 organizations. The venture embodies the contents of the “Poseidon” project and paves the way towards a broader alliance aimed toward reinforcing the military naval cooperation.
Cruise Ship Market, Key Players
· Neptun Werft GmbH & Co. KG
· FINCANTIERI S.p.A.
· Mitsubishi Heavy Industries, Ltd.
· Fujian Shipbuilding Industry Group Corporation
· Genting Hong Kong Limited
· Daewoo Shipbuilding & Marine Engineering Co., Ltd.
· Samsung Heavy Industries Co., Ltd.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Cruise Ship market during the forecast period?
Cruise Ship market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Cruise Ship Market?
Cruise Ship segment is projected to hold the largest share in the Cruise Ship Market
Q3. What are the driving factors for the Cruise Ship market?
The ability of gas spring that handles heavy objects compared to mechanical springs, that is anticipated the expansion of the world gas spring market, are key factors that boost the growth of the Cruise Ship market progressively.
Q4. Which Segments are covered in the Cruise Ship market report?
Type, Application and Region, these segments are covered in the Cruise Ship market report.
Q5. Which are the prominent players offering Cruise Ship?
Neptun Werft GmbH & Co. KG, FINCANTIERI S.p.A., Mitsubishi Heavy Industries, Ltd., Fujian Shipbuilding Industry Group Corporation, Genting Hong Kong Limited, Daewoo Shipbuilding & Marine Engineering Co., Ltd. Samsung Heavy Industries Co., Ltd., are the prominent players offering Cruise Ship
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cruise Ship Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Mainstream
- 5.2.2. Mega Cruise
- 5.2.3. Expedition Cruise
- 5.2.4. River Cruise
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Sales Channel
- 5.3.1. OEM
- 5.3.2. Aftermarket
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Cruise Ship Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Mainstream
- 6.2.2. Mega Cruise
- 6.2.3. Expedition Cruise
- 6.2.4. River Cruise
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Sales Channel
- 6.3.1. OEM
- 6.3.2. Aftermarket
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Cruise Ship Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Mainstream
- 7.2.2. Mega Cruise
- 7.2.3. Expedition Cruise
- 7.2.4. River Cruise
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Sales Channel
- 7.3.1. OEM
- 7.3.2. Aftermarket
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Cruise Ship Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Mainstream
- 8.2.2. Mega Cruise
- 8.2.3. Expedition Cruise
- 8.2.4. River Cruise
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Sales Channel
- 8.3.1. OEM
- 8.3.2. Aftermarket
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Cruise Ship Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Mainstream
- 9.2.2. Mega Cruise
- 9.2.3. Expedition Cruise
- 9.2.4. River Cruise
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Sales Channel
- 9.3.1. OEM
- 9.3.2. Aftermarket
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Neptun Werft GmbH & Co. KG
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. FINCANTIERI S.p.A.
- 10.6. Mitsubishi Heavy Industries, Ltd.
- 10.7. Fujian Shipbuilding Industry Group Corporation
- 10.8. Genting Hong Kong Limited
- 10.9. Daewoo Shipbuilding & Marine Engineering Co., Ltd.
- 10.10. Samsung Heavy Industries Co., Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
