Global Coastal and Maritime Tourism Market is valued at approximately USD 2.9 Trillion in 2021and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2022-2029. Coastal tourism refers to land-based tourism activities such as swimming, surfing, sunbathing, and other coastal recreation activities that take place on the coast and require proximity to the sea.. A significant factor in the expansion of the Coastal and Maritime tourism industry is learning about and respecting different cultures. The foundation of coastal tourism is a special resource combination that offers a variety of attractions at the meeting point of land and sea. Today, 80% of all travel takes place in coastal areas with beaches and coral reefs. The growing desire for leisure travel and technological improvements in the tourist industry are the main reasons why coastal and maritime tourism has increased in overall sector.
According to the Cruise Lines International Association (CLIA),the number of cruise passengers has doubled from 17.8 million in 2009. Growing interestedin leisure activities among younger tourists and millennials is credited for the segment's expansion.It is projected that technological advancement in the tourism industry would increase demand for coastal and maritime tourism.Many industry participants are developing cutting-edge aboard experiences, such as floating mega resorts and attractions similar to dining establishments, live entertainment, and fitness centers.35.9% of the global revenue share in 2021 was attributed to the cruise tourist sector.The positive government actions toward the tourist industry are expected to lead to growth in the coastal and maritime tourism business. The popularity of social media among millennials and Generation Z is increasing, which is boosting demand for leisure travel People with more disposable means are fueling the demand for coastal and maritime tourism in the area. Many foreign visitors are eager to learn about and comprehend other cultures .Due to the financial depression experienced by important companies, the COVID-19 epidemic had a detrimental effect on the world's coastal and maritime tourism business.
The key regions considered for the Global Coastal and Maritime Tourism Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.In 2021, Europe had the majority of the market, with a share of XX%. The demand for coastal and maritime tourism in the area is being driven by an increase in foreign visitors as well as an increase in disposable income. Favourable government measures are predicted to fuel demand for the coastal and maritime tourist business, along with an increase in domestic travel in the area.The market in Asia Pacific is predicted to grow at the fastest rate XX%, over the anticipated period.Additionally, the market is expanding due to the increased usage of technology across a number of industries, including marine and transportation.
Major market players included in this report are:
- Carnival Corporation & plc
- Royal Caribbean Group
- Norwegian Cruise Line Holdings Ltd.
- MSC Cruises S.A.
- Genting Hong Kong Limited
- Disney Cruise Line
- Silversea CruiseWynn Resorts, Limited
- Princess Cruises
- Virgin Cruises Intermediate Limited
Recent Developments in the Market:
- In April 2022, the number of consumer trips anticipated in the U.S. grew by 4% than in 2021.
- In February 2022, a survey conducted by Cruise.co.uk revealed that 49% of consumers would open to taking a cruise within next six months
- In December 2022, Princess Cruises improved its wellness and add-on package options for customers.
Global Coastal And Maritime Tourism Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Application, Type, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByProduct:
- Passenger Ticket Service
- Onboard & Other
By Application:
- Cruise Tourism
- Yacht & Sailing Tourism
- Water Sports & Water Activities
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Trillion)
- 1.2.1. Coastal and Maritime Tourism Market, by Region, 2019-2029 (USD Trillion)
- 1.2.2. Coastal and Maritime Tourism Market, by Product,2019-2029 (USD Trillion)
- 1.2.3. Coastal and Maritime Tourism Market, by Application, 2019-2029 (USD Trillion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Coastal and Maritime Tourism Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Coastal and Maritime Tourism Market Dynamics
- 3.1. Coastal and Maritime Tourism Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing trend for leisure travel
- 3.1.1.2. Technological advancements in the tourism industry
- 3.1.2. Market Challenges
- 3.1.2.1. Negative Impact of COVID-19
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing Penetration on social media
- 3.1.3.2. Increasing Government Initiatives
Chapter 4. Global Coastal and Maritime Tourism Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Coastal and Maritime Tourism Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Coastal and Maritime Tourism Market by Product, Performance - Potential Analysis
- 6.3. Global Coastal and Maritime Tourism Market Estimates & Forecasts by Product2019-2029 (USD Trillion)
- 6.4. Coastal and Maritime Tourism Market, Sub Segment Analysis
- 6.4.1. Passenger Ticket Service
- 6.4.2. Onboard & Other Services
Chapter 7. Global Coastal and Maritime Tourism Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Coastal and Maritime Tourism Market by Application, Performance - Potential Analysis
- 7.3. Global Coastal and Maritime Tourism Market Estimates & Forecasts by Application2019-2029 (USD Trillion)
- 7.4. Coastal and Maritime Tourism Market, Sub Segment Analysis
- 7.4.1. Cruise Tourism
- 7.4.2. Yacht & Sailing Tourism
- 7.4.3. Water Sports & Water Activities
- 7.4.4. Others
Chapter 8. Global Coastal and Maritime Tourism Market, Regional Analysis
- 8.1. Coastal and Maritime Tourism Market, Regional Market Snapshot
- 8.2. North America Coastal and Maritime Tourism Market
- 8.2.1. U.S. Coastal and Maritime Tourism Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Coastal and Maritime Tourism Market
- 8.3. Europe Coastal and Maritime Tourism Market Snapshot
- 8.3.1. U.K. Coastal and Maritime Tourism Market
- 8.3.2. Germany Coastal and Maritime Tourism Market
- 8.3.3. France Coastal and Maritime Tourism Market
- 8.3.4. Spain Coastal and Maritime Tourism Market
- 8.3.5. Italy Coastal and Maritime Tourism Market
- 8.3.6. Rest of Europe Coastal and Maritime Tourism Market
- 8.4. Asia-Pacific Coastal and Maritime Tourism Market Snapshot
- 8.4.1. China Coastal and Maritime Tourism Market
- 8.4.2. India Coastal and Maritime Tourism Market
- 8.4.3. Japan Coastal and Maritime Tourism Market
- 8.4.4. Australia Coastal and Maritime Tourism Market
- 8.4.5. South Korea Coastal and Maritime Tourism Market
- 8.4.6. Rest of Asia PacificCoastal and Maritime Tourism Market
- 8.5. Latin America Coastal and Maritime Tourism Market Snapshot
- 8.5.1. Brazil Coastal and Maritime Tourism Market
- 8.5.2. Mexico Coastal and Maritime Tourism Market
- 8.6. Rest of The World Coastal and Maritime Tourism Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Carnival Corporation & plc
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Royal Caribbean Group
- 9.2.3. Norwegian Cruise Line Holdings Ltd.
- 9.2.4. MSC Cruises S.A.
- 9.2.5. Genting Hong Kong Limited
- 9.2.6. DisneyCruise Line
- 9.2.7. Silversea CruiseWynn Resorts, Limited
- 9.2.8. Princess Cruises
- 9.2.9. Virgin Cruises Intermediate Limited
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption