The European cruises market is estimated to reach US$ 1.5 Billion in 2022. As per the report, sales are forecast to increase at a robust 15% CAGR, with the market valuation reaching US$ 2.69 Billion by 2032.
The EU has guided cruise providers to take minimum efforts necessary for the safety and security of the cruisers in the post pandemic times. Even the players have adopted various measures to ensure the free flow of cruising market.
Moreover, the cruise companies are coming up with exciting offers and discounts which also contains packaged deals providing an array adventurous activities to achieve complete satisfaction of the travellers. Additionally, new routes and destinations are being added in the itinerary to explore and experience multiple regions of Europe through cruising. Currently, the cruising market is nearly back to its pre-pandemic levels and with these sincere efforts for development of cruising, the European Cruising Market is expected to grow at a rapid rate.
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“Europe being the capital of tourism while government and cruise companies working together to uplift the European cruising as well as making it sustainable will help in the rapid growth of the market” Says an FMI analyst.
Key Takeaways:
- Based on cruise type, Ocean Cruises is predicted to account for a dominant share of Travelers in the market through 2032.
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
- In terms of age group, demand in the age group from 56-65 years and 66-75 years will continue gaining traction through 2032.
- Based on packages, European cruise travelers will continue to opt packaged deals over the normal travel deals.
Key Players
- Princess Cruises
- MSC Cruises Company
- Silversea Cruises
- Holland America Line
- Star Clippers
- Celebrity Cruises
- Carnival Cruise Line
- Myths and Mountains
- Merapi
- Adventure Smith Explorations
- BlueFoot
- Explore Europe
- British Isles Cruise
- Virgin Voyages
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European Cruise Market by Category
By Cruise Type:
- Ocean Cruises
- River Cruises
- Expedition Cruises
- Theme Cruises
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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