The global inland water passenger transport market size is expected to grow from $1.49 billion in 2021 to $1.60 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The inland water passenger transport market is then expected to grow to $1.99 billion in 2026 at a CAGR of 5.7%.
What is the Global Inland Water Passenger Transport Market?
The inland water passenger transport market consists of sales of inland water passenger transportation and related services by entities (organizations, sole traders, and partnerships) that provide inland water transportation of passengers on lakes, rivers, or intra-coastal waterways.
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What drives the Global Inland Water Passenger Transport Market?
The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland water passenger transport market. There are many places such as The Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, Agia Roumeli in Greece, and others that are not accessible by roads but only through waterways, generating higher demand for inland water passenger transport services. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Moreover, according to the European Barge Union Annual Report 2019-2020, the number of cruise passengers on European rivers increased by 9.9%, reaching 1.79 million passengers. Hence, an increase in the use of boats through inland waterways for sightseeing is boosting the inland water passenger transport market.
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Global Inland Water Passenger Transport Market Segments
The global inland water passenger transport market is segmented:
By Passenger Transportation Type: Canal Passenger Transportation, Intercostal Transportation of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering With Crew, Water Taxi Services
By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Others
By Application: Supply Chain, Distribution, End Customers
By Geography: The regions covered in the inland water passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Inland Water Passenger Transport Global Market Report 2022provides market size and growth forecasts for the global inland water passenger transport market, global inland water passenger transport market share, inland water passenger transport market segments and geographies, inland water passenger transport market competitive landscape including leading competitors’ revenues, profiles and market shares. The inland water passenger transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Inland Water Passenger Transport Industry Playersinclude American Commercial Lines LLC, Ingram Industries, Jeffboat, European Cruise Service, Alnmaritec Ltd., Bayliner, Groupe Beneteau, CIWTC, CMA CGM Group, and Carnival Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
