Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Cruise Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Cruise Market Grow Between 2024 and 2025?
The historical growth trend in the Cruise Global Market Report 2025 market is that the market size increased significantly from $7.82 billion in 2024 to $8.74 billion in 2025, with a compound annual growth rate (CAGR) of 11.7%.
How Much Will the Cruise Market Be Worth in 2029?
The Cruise Global Market is anticipated to reach a market size of $13.77 billion in 2029. This represents a compound annual growth rate (CAGR) of 12.0% from its current market size.
Download the Free Sample Now:
Which Cruise Market Drivers Are Linked to Revenue Growth?
The key drivers in the cruise market are:
• Increasing focus on sustainable tourism
• Enhancing health and safety protocols onboard
• Expanding markets in emerging economies
• Rising demand for experiential and themed cruises
Which Segments Are Expected to Grow in the Cruise Market?
The cruise market covered in this report is segmented –
1) By Type: Ocean Cruises, River Cruises
2) By Size: Small, Mid, Large
3) By Application: Transportation, Entertainment, Other Applications
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Cruise Market?
The key trends in the cruise market are:
• Sustainability and eco-friendly practices are emerging as a top trend in the cruise market.
• Technological advancements are becoming highly influential in shaping the future of this industry.
• Increased emphasis on diversifying destinations is another trend that's expected to rise.
• There's a growing trend towards luxury, experiential travel, and customizations to enhance personal experiences.
Who Are the Key Competitors in the Global Cruise Market?
Major players in the cruise market are:
• TUI Group
• MSC Cruises SA
• Carnival Corporation & plc
• Royal Caribbean Group
• Norwegian Cruise Line Holdings Ltd
• Disney Cruise Line
• Hurtigruten Group
• Windstar Cruises
• Grand Circle Cruise Line
• Regent Seven Seas Cruises
• Oceania Cruises Inc
• Genting Hong Kong Limited
• CroisiEurope
• Compagnie du Ponant
• Uniworld Boutique River Cruises
• Tauck River Cruises
• Viking River Cruises Inc
• Seabourn Cruise Line
• Fred Olsen Cruise Lines Ltd
• Crystal Cruises Inc
• Scenic Luxury Cruises & Tours
• Azamara Cruises
• American Cruise Lines Inc
• Paul Gauguin Cruises
• SeaDream Yacht Club
• Avalon Waterways
• AmaWaterways
• Island Queen Cruises
• Silversea Cruises Ltd
• Luxury Cruise Connections
Where Is the Cruise Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the cruise market in 2024
