Market Forecast by Countries (United States, Canada), By Type (Adventure Cruises, Christmas Cruises, Classic Cruises, Contemporary Cruise, Family Cruise, Lgbt Cruise, Luxury Cruises, Ultra-luxury Cruises) And Competitive Landscape
Product Code: ETC404794 | Publication Date: Aug 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 29 | |
North America Cruise Market report thoroughly covers the market by countries and type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America cruise market has been experiencing steady growth over the years and is projected to grow more in the near future. The increasing demand for cruise travel among travelers in North America, along with government initiatives to promote tourism, are some of the key factors driving this growth.
According to 6Wresearch, North America Cruise Market size is expected to grow at a significant CAGR of 4.8% during 2024-2030. Several drivers contribute to the growth of the cruise market in North America. One of the key drivers is the increasing demand for experiential travel among consumers. With a growing trend towards unique and immersive travel experiences, cruises offer a perfect blend of luxury, comfort, and exploration. Another factor driving the growth of the market is the development of new routes and destinations by cruise companies. This allows them to cater to different preferences and reach out to new markets, attracting more customers. These factors prominently promote the North America Cruise Market growth.
Despite its growth, the North American cruise market also faces some challenges that need to be addressed. One such challenge is the negative impact on the environment caused by cruise ships. Another challenge is the perception of cruises being expensive and catering only to older demographics. To sustain growth, cruise companies need to target younger generations by offering more affordable options and promoting the
Some of the key players in the North America cruise market include major cruise lines such as Carnival Corporation, Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings Ltd., and MSC Cruises. These companies are constantly investing in new ships, destinations, and amenities to cater to the evolving preferences of travelers.
North America cruise market is expected to witness steady growth in the coming years, driven by factors such as increasing demand for experiential travel and government initiatives promoting tourism. While it may face challenges from other forms of travel and occasional setbacks such as the current pandemic, the cruise industry has proven its resilience time and time again and is likely to continue thriving in this region.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States has been consistently ranked as one of the top markets for cruises globally. With an established cruise industry and a large population with disposable income, it is no surprise that this country accounts for a significant portion of cruise passengers in North America. Additionally, popular destinations such as Florida and Alaska attract many cruisers each year.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cruise Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cruise Market Revenues & Volume, 2020 & 2030F |
3.3 North America Cruise Market - Industry Life Cycle |
3.4 North America Cruise Market - Porter's Five Forces |
3.5 North America Cruise Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Cruise Market Revenues & Volume Share, By Type, 2020 & 2030F |
4 North America Cruise Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cruise Market Trends |
6 North America Cruise Market, 2020 - 2030 |
6.1 North America Cruise Market, Revenues & Volume, By Type, 2020 - 2030 |
7 United States Cruise Market, 2020 - 2030 |
7.1 United States Cruise Market, Revenues & Volume, By Type, 2020 - 2030 |
8 Canada Cruise Market, 2020 - 2030 |
8.1 Canada Cruise Market, Revenues & Volume, By Type, 2020 - 2030 |
9 North America Cruise Market Key Performance Indicators |
10 North America Cruise Market - Opportunity Assessment |
10.1 North America Cruise Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Cruise Market Opportunity Assessment, By Type, 2020 & 2030F |
11 North America Cruise Market - Competitive Landscape |
11.1 North America Cruise Market Revenue Share, By Companies, 2023 |
11.2 North America Cruise Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |