Cruise Market Size and Share Outlook - Forecast Trends and Growth Analysis Report 2025-2034

The global cruise market size attained a value of USD 7.89 Billion in 2024. The market is further expected to grow at a CAGR of 11.50% between 2025 and 2034, to reach a value of USD 23.43 Billion by 2034.

Key Trends in the Market

A cruise refers to a recreational activity in which large or small ships are used to sail around an ocean, sea, or river territory. Cruises also include various entertainment activities such as music, dance, magic, comedy, and theatre, and can be of various durations.

• Growing enthusiasm to explore new destinations, emergence of women-centred trips, innovations in meals and beverage offerings, gaming, onboard health screenings, and expansion of activities on the ship are some of the key cruise market trends. Increasing number of Gen Z cruisers, owing to the influence of social media and changing preference towards luxurious living, is adding to the market growth.
• The growing use of advanced onboard technologies, such as online check-in, digital boarding pass, cabin key and light switch enabled through smartphones, ocean medallions, and tracking solutions, among others, is a crucial trend in the cruise market. Technologically advanced services are also likely to enhance the customer satisfaction, thereby bolstering the market dynamics.

Global Cruise Market Segmentation

The report titled “Global Cruise Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Ocean Cruises
• River Cruises

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Cruise Market Share by Type

The ocean cruises segment, based on type, accounts for a healthy share of the cruise market. This can be attributed to the fact that ocean cruise offers a greater number of routes which expands the range of destinations for cruisers. As oceans are significantly large, ships and vessels of bigger sizes can be used for ocean cruises, increasing the number of activities and facilities supported while reducing costs as more people can be accommodated in a single vessel. Moreover, ocean cruise comes with notable advantages such as visits to notable coastal cities during the cruise and insurance against harsh weather conditions.

Global Cruise Market Share by Region

Based on region, North America occupies a sizable share of the market for cruises, supported by the immense popularity of cruises and a vast network of waterways. The strong foothold of cruise service providers in the United States, coupled with the stable living standards is driving the market. Meanwhile, the European region is likely to be a fast-growing region in the forecast period, owing to the growing popularity of river cruising. In line with this, the increasing inclination of the population towards shore excursions and cruise fares is further fuelling the Europe cruise market.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global cruise market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Carnival Corporation & plc

Carnival Corporation & plc is a leading cruise operator which provides cruise vessels designed to offer fun and entertainment to the customers. It was established in 1972 and is headquartered in Florida, United States.

Royal Caribbean Group

Royal Caribbean Group is a shipping line company which owns three cruise brands; Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company was founded in 1997 and is headquartered in Florida, United States.

MSC Cruises S.A

MSC Cruises S.A is a family-owned global cruise line which was established in 1989 as a part of Mediterranean Shipping Company. Headquartered in Geneva, Switzerland, this company is one of the largest cruise providers across the world.

Other market players include Norwegian Cruise Line Holdings Ltd, Disney Cruise Line, Oceania Cruises S. de R.L., Regent Seven Seas Cruises, Inc., Celestyal Cruises, Genting Hong Kong Limited, and Holland America Line N.V., among others.

More Insights On:

United Kingdom River Cruise Market