According to Cognitive Market Research, the global passenger ferry market size will be USD 10265.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 4106.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3079.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2361.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 513.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 205.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The individual category is the fastest growing segment of the passenger ferry industry
