Cruise Tourism Market Report 2025 (Global Edition)

Global Cruise Tourism Market Report 2025 Market Size Split by Type (River Cruise, Ocean Cruise, Expedition Cruise, Theme Cruise, Adventure Cruise, Others), by Duration (1-3 days, 4-6 days, 7 days, 8 t...

Cruise Tourism Market Report Description

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Cruise Tourism Market Insights Video

Competitive Landscape of the Cruise Tourism Market

There are several big companies fighting for market share in the very competitive cruise tourist industry. The principal corporations manage an array of varied cruise brands, each serving distinct clientele and providing distinctive aboard experiences. In order to increase market presence and improve offerings, the competitive environment is defined by ongoing innovation, the introduction of new ships, strategic alliances, and mergers and acquisitions.

June 2024: The P&O Cruises Australia brand and its operations will be merged with Carnival Corporation, according to a press release. The Pacific Explorer will depart the fleet in February 2025, and Carnival Cruise will rename the Pacific Encounter and Pacific Adventure ships. (Source: https://www.carnival-news.com/2024/06/03/carnival-corporation-to-strategically-align-portfolio-and-absorb-p-o-cruises-australia-into-carnival-cruise-line ) June 2024: Nicko Cruises revealed that it is giving away free rooms to anybody who make reservations for the Grand World Cruise in the Vasco da Gama in 2024–25. Beginning with the 148-day voyage, travelers have the option to extend an invitation to friends and family. (Source: https://cruiseindustrynews.com/cruise-news/2024/06/nicko-cruises-offers-free-cabins-for-guests-on-world-cruise/#:~:text=Nicko%20Cruises%20is%20offering%20free,friends%20onboard%20with%20the%20offering. ) November 2023: In an innovative collaboration, TravClan and Resorts World Cruises set out to transform cruise travel in India. With this partnership, TravClan sets out on a revolutionary path that will reshape the cruise vacation industry in India and guarantee accessibility and affordability for everybody. (Source: https://www.travelturtle.world/news/travclan-and-resorts-world-cruises-bring-exclusive-cruise-tourism-to-indian-shore/ )

Top Companies Market Share in Cruise Tourism Industry: (In no particular order of Rank)

• Carnival Corporation & plc
• Ambassador Cruise Holidays Limited.
• AmaWaterways
• Mediterranean Shipping Company S.A.
• Silversea Cruises
• PONANT
• Cosmos Tours Ltd.
• Seabourn Cruise Line
• Kerala Shipping and Inland Navigation Corporation Ltd
• Norwegian Cruise Line
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Cruise Tourism Market

Which Region Dominates the Cruise Tourism Market in 2024?

According to Cognitive Market Research, North America currently dominates the Cruise Tourism market, and the region is expected to have significant growth during the projected period due to increased urbanization, rising disposable income, an increase in the middle class, a desire to travel to new places, and the desire to explore the sea, which are the main reasons propelling the market's enormous expansion. Air pollution has a detrimental effect on the market, and more and more elements are having a big impact on it.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The expansion of the cruise tourist industry is largely due to the government's increased backing and policy efforts, which include audacious goals for raising cruise passenger traffic and economic contributions. The Minister for Ports, Shipping & Waterways states that India plans to boost cruise passenger traffic from 0.4 million to 4 million by May 2022. In the near future, it is anticipated that the economic potential of cruise tourism will increase from $110 million to $5.5 billion. The Indian government has taken a number of steps to accomplish this goal, including modernizing port infrastructure, removing extra levies, simplifying port fees, giving cruise ship berthing priority, and providing e-visa services.

The current report Scope analyzes Cruise Tourism 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cruise Tourism Market

According to Cognitive Market Research, the global Cruise Tourism market size was estimated at USD 5541.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2216.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cruise Tourism market with a market size of USD 1748.80million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period because river cruising has become more popular in this nation.
• The Canada Cruise Tourism market had a market share of USD 265.98 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period as a result of increased interest in people leading to a rise in the demand for cruise ships.
• The Mexico Cruise Tourism market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 201.70 million in 2024.

Europe Cruise Tourism Market

According to Cognitive Market Research, the global Cruise Tourism market size was estimated at USD 5541.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1662.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Cruise Tourism market had a market share of USD 279.28 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period because of the expansion of immersive tourism and advancements in the cruise liner sector.
• The France Cruise Tourism market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 152.94 million in 2024.
• According to Cognitive Market Research, the German Cruise Tourism market size was valued at USD 329.15 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period because of the population's appetite for luxury and the economy's continuous growth.
• The Italy Cruise Tourism market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 142.96 million in 2024.
• The Russia Cruise Tourism market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 257.67 million in 2024.
• The Spain Cruise Tourism market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 136.31 million in 2024
• The Luxembourg Cruise Tourism market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 51.53 million in 2024.
• The Portugal Cruise Tourism market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 34.91 million in 2024.
• The Greece Cruise Tourism market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 19.95 million in 2024.
• The Rest of Europe's Cruise Tourism market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 257.67 million in 2024.

Asia Pacific Cruise Tourism Market

According to Cognitive Market Research, the global Cruise Tourism market size was estimated at USD 5541.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1274.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Cruise Tourism market size was valued at USD 573.51 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period due to the rise in popularity of river boating in this country.
• The Japan Cruise Tourism market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 175.88 million in 2024.
• The India Cruise Tourism market had a market share of USD 152.94 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period as a result of people's growing interest in one another driving up demand for cruise ships.
• The South Korean Cruise Tourism market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 127.45 million in 2024.
• The Australian Cruise Tourism market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 66.27 million in 2024.
• The South East Asia Cruise Tourism market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 87.94 million in 2024.
• The Rest of Asia Pacific Cruise Tourism market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 90.49 million in 2024.

South America Cruise Tourism Market

According to Cognitive Market Research, the global Cruise Tourism market size was estimated at USD 5541.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 277.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Cruise Tourism market size was valued at USD 118.58 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period due to developments in the cruise liner industry and the growth of immersive tourism.
• Argentina's Cruise Tourism market had a market share of USD 46.55 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. due to the population's demand for luxury and the economy's steady expansion.
• Colombia Cruise Tourism market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 24.66 million in 2024.
• Peru Cruise Tourism market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 22.72 million in 2024.
• Chile Cruise Tourism market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 19.95 million in 2024.
• The Rest of Latin America's Cruise Tourism market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 44.61 million in 2024.

Middle East Cruise Tourism Market

According to Cognitive Market Research, the global Cruise Tourism market size was estimated at USD 5541.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 110.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..

• The GCC Countries Cruise Tourism market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 47.43 million in 2024 as a result of river boating's growing appeal in this nation.
• The Egypt Cruise Tourism market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 11.64 million in 2024.
• The South Africa Cruise Tourism market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 17.51 million in 2024 owing to advancements in the cruise liner sector and the expansion of immersive travel.
• The Turkey Cruise Tourism market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 9.53 million in 2024.
• The Nigeria Cruise Tourism market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 11.64 million in 2024.
• The Rest of the MEA Cruise Tourism market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 13.08 million in 2024.

Cruise Tourism Market Analysis

How are Segments Performing in the Global Cruise Tourism Market?

Cruise Tourism Market Type Segment Analysis

According to Cognitive Market Research, ocean cruise category is likely to dominate the Cruise Tourism Market over the forecast period. The ocean cruise market is affected by the expansion of new ports of call and destinations, the popularity of themed cruises (such as adventure, music, or gourmet vacations), and the introduction of new ships with state-of-the-art amenities. Cruise lines have been investing heavily in technology and onboard features like robot bartenders, virtual reality rides, and immersive entertainment systems in an effort to attract and retain consumers. With more individuals choosing to take cruise holidays, the demand for cruise tourism has grown significantly over time.

The river cruise is the fastest-growing segment in the Cruise Tourism Market. It is anticipated that during the course of the projection period, river cruising—which enables guests to enjoy the scenery along the banks—will have a positive impact on the market. River cruises provide a plethora of onboard amenities. Hotel-style mattresses, separate bathrooms, refrigerators, TVs, safes, and climate controls are standard amenities in staterooms, many of which face the river. Superior cabin categories could feature separate bedrooms and sitting areas, verandas, and French balconies. A room might be anywhere from 150 and 600 square feet in size. Visitors receive outstanding, personalized service from the crew members onboard. Ships also have dining establishments, lounges, taverns, and free WiFi. Certain ships have sun decks, libraries, swimming pools, and stores.

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 Cruise Tourism Industry. Request a Free Sample PDF!

Cruise Tourism Market Duration Segment Analysis

According to Cognitive Market Research, the 7 days segment holds the largest share of the market. Globally, the category is seeing an increase in income, giving people more disposable income for leisure pursuits like travel. Due to this, there is a greater demand for cruise travel, especially for 7 day trips. Traveling by cruise has grown in popularity, especially for trips lasting 7 days or more. Cruises offer an easy and affordable option to tour many locations without having to worry about transportation, lodging, or meals, especially as more people search for all-inclusive vacations.

In the Cruise Tourism Market, the 15-20 days has been expanding at a rapid pace driven by a growing inclination among tourists to take longer, more immersive trips. These longer cruises offer luxurious amenities together with a variety of itineraries, appealing to travelers who wish to experience a thorough study of several locations. With more time and money to spare for longer vacations, wealthy and retired travelers are becoming more and more in demand for these kinds of trips.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cruise Tourism Passenger Age Segment Analysis

Cruise Tourism Market Passenger Age Segment Analysis

According to Cognitive Market Research, the 40-49 years segment holds the largest market share. The 40–49 age group is anticipated to comprise people in this age range who are seeking a blend of luxury, adventure, and leisure in the cruise tourism industry. They might want to relax in a lovely setting with lots of amenities and activities to take a break from their hectic job schedules or family obligations. Since they can afford the upscale cruises with more facilities and services, people of this age range typically have more finances.

In the Cruise Tourism market, the rapidly growing sector is the 20-29 years category driven by younger generations' shifting travel inclinations. This generation of travelers, known as millennials and generation Z, is known for looking for unusual, experience-driven vacations. Because cruises combine convenience, adventure, and all-inclusive amenities, they are a popular choice for these travelers. This group has also been drawn in large part by social media impact, with cruise companies advertising exotic locations, exciting nightlife, and digital connectivity catered to younger travelers.

• Less than 12 Years
• 13-19 Years
• 20-29 Years
• 30-39 years
• 40-49 years
• 50-59 years
• Above 60 years

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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