Global River Cruise
Market Report
2024
The Global River Cruise market estimation is USD 1.6 billion in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global River Cruise market estimation is USD 1600 million in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global River Cruise Market Sales Revenue 2023 | $ 1.6 Billion |
Global River Cruise Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
North America River Cruise Market Sales Revenue 2023 | $ 720 Million |
Europe River Cruise Market Sales Revenue 2023 | $ 480 Million |
Asia Pacific River Cruise Market Sales Revenue 2023 | $ 272 Million |
South America River Cruise Market Sales Revenue 2023 | $ 80 Million |
Middle East and Africa River Cruise Market Sales Revenue 2023 | $ 48 Million |
Market Split by Type |
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Market Split by Age Group |
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Market Split by Customer Orientation |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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The industry is expected to develop as a result of a variety of reasons, including a robust global economic recovery, an increase in high-net-worth people (HNWIs), an expansion of amenities on board river cruises, and rising consumer desire for unusual travel experiences.
For instance, the Sail Lines International Association estimates that 58.0% of visitors from abroad are first-time cruisers who are likely to sail in the upcoming years.
Due to the cost difference and advantages offered by the other holidays, cruise vacations are becoming more and more popular. Compared to other types of land-based holidays, which involve transportation, food, lodging, and entertainment, cruise vacations are more economical.
There has been a noticeable increase in the incorporation of diverse onboard activities in itineraries during the last several years.
The Pacific Northwest Waterways Association reports that the market for river cruises in the Columbia and Snake area has grown significantly during the past ten years. The group added that more than 25,000 travelers and staff came in 2019 and gave more than USD 15 million to the two riverside settlements.
Aqueducts, sports, shopping (tourists can buy watches, duty-free alcohol, electronics, gifts and more), video games (including racing, fighting, thrills and games of skill), poker clubs and casinos, art galleries, bars and pubs and more are some of the main attractions. Aqueducts include water slides, bucket slides, tubes and other slides. Sports include rope courts, air courts, volleyball, soccer, basketball, table tennis, golf, mini foosball, and swimming pools.
River cruise companies are increasing their itineraries, giving travelers more options, luring new clientele, and raising market demand. River cruise operators may access a variety of cultural encounters, landscapes, and attractions that appeal to the interests and tastes of a wide spectrum of travelers by exploring new places.
Data from AAA Travel shows a 25% increase from 2019 in domestic river cruise bookings for 2022, surpassing pre-pandemic levels.
The market's expansion is hampered by strict laws and norms that prohibit ship tourism. Governments in many nations continue to place stringent laws and regulations on tourism, preventing the business from expanding. For instance, the California Air Resources Board (CARB) was in charge of implementing state marine environmental legislation in California (a Western U.S. state) on January 1, 2007. Most oceangoing boats (including ships) operating within 24 miles of the California coast must use low-sulfur marine fuels (diesel and petrol). For ship owners operating in the nation, the predominance of these state council emissions rules is concerning.
The COVID-19 epidemic caused a decrease in passenger volume in the market. According to the Cruise Lines International Association, the number of passengers traveling globally fell by 80.0% in 2020. The bulk of the cruises were stuck at various sites, and some cruises were canceled as a result of the COVID-19 pandemic's breakout. However, because of the restarted operations and loosened regulations, it is projected that the industry will develop at a modest and healthy rate. Following the epidemic, a lot of travelers are searching for quick getaways like short trips.
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The market for River Cruise is a highly dynamic and diversified competitive environment. It includes various suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their Worldwide footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
Top Companies Market Share in River Cruise Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 45% of the Worldwide revenue due to several variables. The North American region dominates the market for River Cruise. The region's supremacy in the world market is mostly attributable to the substantial presence of significant companies from abroad and its most developed industry. The variables that contribute to the larger market revenue share include more disposable income, consumer expenditure, and a developing tourist sector. In addition, effective in 2022, American Cruise Lines will provide five Mississippi River cruises. Viking Cruises, a cruise operator offering river, ocean and expedition cruises, introduced new Mississippi River cruises in March 2020, sailing trips on the Lower and Upper Mississippi between New Orleans and St. Paul, to herald the debut of its destination-specific travel experiences.
During the projection period, the Asia Pacific is anticipated to see the greatest growth rate. The cruise business has recently moved from North America and Europe to the Asia Pacific. The tourist sector is being developed by the government in order to boost economic production, and this is helping the Asia Pacific cruise market grow. For instance, in order to increase cruise tourism, the Indian government stated on August 19, 2020, that berth fees will be reduced by 70.0%.
The current report Scope analyzes River Cruise Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
North America River Cruise Market Analysis:
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 45% of the global revenue due to several variables. The North American region dominates the market for River Cruise. The region's supremacy in the world market is mostly attributable to the substantial presence of significant companies from abroad and its most developed industry. The variables that contribute to the larger market revenue share include more disposable income, consumer expenditure, and a developing tourist sector. In addition, effective 2022, American Cruise Lines will provide five Mississippi River cruises. Viking Cruises, a cruise operator offering river, ocean and expedition cruises, introduced new Mississippi River cruises in March 2020, sailing trips on the Lower and Upper Mississippi between New Orleans and St. Paul, to herald the debut of its destination-specific travel experiences.
Europe River Cruise Market Analysis:
According to Cognitive Market Research, the European Region accounted for a share of more than 30% of the global revenue due to several variables. During the foreseeable period, a sizable CAGR is anticipated. The industry is expanding as a result of rising interest in environmentally friendly travel. Local communities are becoming more desirable to small- to medium-sized tour operators as a result of the rising demand, which is fostering market expansion.
Asia Pacific River Cruise Market Analysis:
According to Cognitive Market Research, the APAC region accounted for a share of more than 17% of the global revenue due to several variables. During the projection period, the Asia Pacific is anticipated to see the greatest growth rate. The cruise business has recently moved from North America and Europe to the Asia Pacific. The tourist sector is being developed by the government in order to boost economic production, and this is helping the Asia Pacific cruise market grow. For instance, in order to increase cruise tourism, the Indian government stated on August 19, 2020, that berth fees will be reduced by 70.0%.
South America River Cruise Market Analysis:
According to Cognitive Market Research, South America accounted for a share of more than 5% of the global revenue due to several variables. To accommodate the rising passenger volume in the region, South American cruise ship companies are increasing passenger capacity, itineraries, and accessible embarkation ports. The aging population is another aspect boosting the area market.
Middle East and Africa River Cruise Market Analysis:
According to Cognitive Market Research, the Middle East and African regions accounted for a share of more than 3% of the global revenue due to several variables. River cruise companies are growing their onboard services, amenities, and facilities to set themselves apart in response to favorable regional market growth. Overall, it is anticipated that the MEA river cruise market will expand during the forecast period as a result of shifting traveler tastes, a focus on local culture, growing domestic tourist trends, and infrastructural development. This may be linked to the strengthening global economy and expansion of the tourism and hospitality sectors in developing nations like Nigeria, South Africa, and Kenya.
Global River Cruise Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing River Cruise Industry growth. River Cruise market has been segmented with the help of its Type, Age Group Customer Orientation, and others. River Cruise market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the market is dominated by passenger tickets. People are getting more and more eager to travel. Every year, the number of passenger tickets to places like Asia, the Americas, and the polar regions increased significantly.
Onboard amenities are anticipated to increase dramatically throughout the anticipated time range. Numerous river cruise industry prospects are being created by the new cutting-edge ships' development of new technical developments and an abundance of onboard entertainment for the passengers' enjoyment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of River Cruise Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the market was dominated by passengers. Using boats or ships to go across waterways like canals and rivers is known as riverboating, and it is popular among tourists. A river cruise enables the exploration of regions that are inaccessible to vehicles used for road travel, such as cars, buses, and other vehicles. Additionally, it has a number of onboard amenities, including bars and restaurants serving a variety of cuisines, casinos, and more, which makes it a favorite among travelers seeking tranquil natural beauty for their vacations.
A rapidly expanding sector is river cruising for the transportation of commodities. River cruise ships are ideal for delivering products to locations that are unreachable by road or rail since they can handle even the tightest bends and shallowest rivers. Businesses increasingly widely use river cruisers as an environmentally beneficial method of transportation.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the River Cruise market report 2024 Edition by contacting our team.
During the projected period, it is anticipated that the 56 years and older sector will have a considerable increase. Demand for river cruises that provide ease, comfort, and the chance to see a range of locations with little trouble is being driven by a growing senior population. Luxury cabins escorted shore excursions, and chances to connect with like-minded people on board will appeal to retirees looking for leisure and cultural enrichment.
According to Cognitive Market Research, the segment of people aged 36 to 45 is expected to grow considerably throughout the anticipated time range. The need for hassle-free travel is a major driver of demand for this age group. Without the need for lengthy preparation, packing, and unpacking, river boating delivers a smooth and simple experience.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global River Cruise Market is witnessing significant growth in the near future.
In 2023, the Onboard facilities segment accounted for noticeable share of global River Cruise Market and is projected to experience significant growth in the near future.
The 15-25 Years segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AmaWaterways , Uniworld River Cruises and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Onboard facilities, Passenger tickets |
Age Group | 15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years |
Customer Orientation | Male, Female, Others |
List of Competitors | AmaWaterways, Viking River Cruises, Uniworld River Cruises, American Cruise Lines, Avalon Waterways, American Queen Voyages |
This chapter will help you gain GLOBAL Market Analysis of River Cruise. Further deep in this chapter, you will be able to review Global River Cruise Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America River Cruise Market Trends North America River Cruise Technological Road Map North America River Cruise Market Drivers North America River Cruise Market Restraints North America River Cruise Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Age Group Analysis 2019 -2031
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Chapter 12 Market Split by Customer Orientation Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global River Cruise market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Onboard facilities have a significant impact on River Cruise market? |
What are the key factors affecting the Onboard facilities and Passenger tickets of River Cruise Market? |
What is the CAGR/Growth Rate of 15-25 Years during the forecast period? |
By type, which segment accounted for largest share of the global River Cruise Market? |
Which region is expected to dominate the global River Cruise Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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