A cruise ship is a passenger ship where the trip and ship amenities itself are a part of a luxurious experience. Generally, the length of the cruise ship is 1,187 feet, the tonnage for a passenger cruise is 225,300 tons, and max crew-passenger capacity of almost 8,500. The worlds largest cruise ship is Royal Caribbean Internationals harmony of the seas, which was launched in 2016 that has a gross tonnage of 226,963 and length of about 1,188.1 ft with a passenger capacity of 6,780. Cruising has led to an increase in the tourism industry.
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The key factors that drive the growth of the market are the rise in tourism & hospitality industry due to a rise in economy and high disposable income. However, the high costs associated with cruises and clean sailing through strict regulations act as restraints for the market growth. Irrespective of these challenges, the increasing demand for river cruises continues to boost the market growth in future.
The market segmentation is based on type. By type the market is divided into adventure cruises, Christmas cruises, classic cruises, contemporary cruise, family cruises, LGBT cruises, luxury cruises, ultra-luxury cruises, and river cruises. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent players profiled in the report include Hyundai Heavy Industry Co. Ltd, Dsme Co. Ltd, Samsung Heavy Industries Co. Ltd., Meyer Werft Gmbh & Co. Kg, Fincantieri S.P.A., Mitsubishi Heavy Industry. Ltd., Oshima Shipbuilding Co. Ltd., China State Shipbuilding Corporation, MV WERFTEN Wismar GmbH, and Mediterranean Shipping Company S.A.
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- Competitive intelligence of the industry helps understand the competitive scenario across geographies.
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