The Europe Cruise Market would witness market growth of 10.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,038.6 Million by 2031. The UK market is exhibiting a CAGR of 9.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.7% during (2024 - 2031).
Cruise vacations have evolved into immersive experiences that combine the excitement of travel with the comfort and luxury of onboard accommodations. From world-class dining options and entertainment venues to rejuvenating spa treatments and thrilling shore excursions, cruise ships offer something for everyone, regardless of age or interest.
Some of the most popular cruise itineraries include those in the Caribbean, Mediterranean, and Alaska. Caribbean cruises are popular due to the region's stunning beaches, crystal-clear waters, and vibrant island culture. These cruises often include stops at destinations such as the Bahamas, Jamaica, the Cayman Islands, and St. Maarten, where passengers can enjoy snorkeling, diving, and exploring historic sites.
As a key player in the European market, Italy has also seen significant developments in its blue economy, including cruise tourism. Italy's blue economy generated $145 billion in 2021, representing 10% of Italian GDP and making it the third-largest blue economy in Europe. Italy's National Recovery and Resilience Plan (NRRP) includes substantial investments of up to $3.1 billion through 2026 to modernize port infrastructures, further enhancing its position as a leading destination for cruise tourism in Europe. Overall, the expanding market in Europe is evident from the strong growth in cruise passengers, the diversification of cruise destinations, and the investments in port infrastructures. These factors indicate a positive outlook for the European market, with continued growth expected in the coming years.
Based on Type, the market is segmented into Ocean Cruises and River Cruises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,038.6 Million by 2031. The UK market is exhibiting a CAGR of 9.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.7% during (2024 - 2031).
Cruise vacations have evolved into immersive experiences that combine the excitement of travel with the comfort and luxury of onboard accommodations. From world-class dining options and entertainment venues to rejuvenating spa treatments and thrilling shore excursions, cruise ships offer something for everyone, regardless of age or interest.
Some of the most popular cruise itineraries include those in the Caribbean, Mediterranean, and Alaska. Caribbean cruises are popular due to the region's stunning beaches, crystal-clear waters, and vibrant island culture. These cruises often include stops at destinations such as the Bahamas, Jamaica, the Cayman Islands, and St. Maarten, where passengers can enjoy snorkeling, diving, and exploring historic sites.
As a key player in the European market, Italy has also seen significant developments in its blue economy, including cruise tourism. Italy's blue economy generated $145 billion in 2021, representing 10% of Italian GDP and making it the third-largest blue economy in Europe. Italy's National Recovery and Resilience Plan (NRRP) includes substantial investments of up to $3.1 billion through 2026 to modernize port infrastructures, further enhancing its position as a leading destination for cruise tourism in Europe. Overall, the expanding market in Europe is evident from the strong growth in cruise passengers, the diversification of cruise destinations, and the investments in port infrastructures. These factors indicate a positive outlook for the European market, with continued growth expected in the coming years.
Based on Type, the market is segmented into Ocean Cruises and River Cruises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Carnival Corporation & plc.
- Royal Caribbean Cruises Ltd.
- MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
- Norwegian Cruise Line Holdings Ltd.
- Disney Cruise Line (The Walt Disney Company)
- Cruiseaway (Dreamlines GmbH)
- Island Queen Cruises
- American Cruise Lines
- The Independent Traveler, Inc. (Tripadvisor Inc.)
- Viking River Cruises Inc.
Market Report Segmentation
By Type- Ocean Cruises
- River Cruises
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Europe Cruise Market by Type
Chapter 6. Europe Cruise Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Carnival Corporation & plc.
- Royal Caribbean Cruises Ltd.
- MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
- Norwegian Cruise Line Holdings Ltd.
- Disney Cruise Line (The Walt Disney Company)
- Cruiseaway (Dreamlines GmbH)
- Island Queen Cruises
- American Cruise Lines
- The Independent Traveler, Inc. (Tripadvisor Inc.)
- Viking River Cruises Inc.
Methodology
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