Global Inland Water Passenger Transport Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Inland water passenger transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of not less than 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways.

Sizing and Forecast

The inland water passenger transport market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to infrastructure development, economic growth and urbanization, environmental considerations, government initiatives and policies, congestion alleviation.

The inland water passenger transport market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to modal shift for sustainable transportation, integrated transport systems, tourism industry growth, climate change mitigation strategies, technological innovations (excluding). Major trends in the forecast period include market liberalization and deregulation, technological advancements, changing consumer preferences, global economic trends, pandemic impacts and resilience.

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Segmentation & Regional Insights

The inland water passenger transport market covered in this report is segmented –

1) 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
2) By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Other Modes
3) By Application: Supply Chain, Distribution, End Customers

Western Europe was the largest region in the a inland water passenger transport market in 2023. Asia-Pacific was the second largest region in the global inland water passenger transport market share. The regions covered in the inland water passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland waterway passenger transport market. There are many places, such as the Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, AgiaRoumeli in Greece, and others, that are not accessible by roads but only through waterways, generating higher demand for inland waterway 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. Hence, an increase in the use of boats on inland waterways for sightseeing is boosting the inland waterway passenger transport market.

Key Industry Players

Major companies operating in the inland water passenger transport market report are CMA CGM SA, MSC Mediterranean Shipping Company S.A., Norwegian Cruise Line Holdings Ltd., Ingram Industries Inc., Bayliner Marine Group, Carnival Corporation & plc, Carnival Maritim GmbH, Groupe Beneteau SA, Royal Caribbean Cruises Ltd., American Commercial Lines LLC, Belmond Ltd., Crystal Cruises LLC, Scenic Luxury Cruises & Tours Limited, Alnmaritec Limited, Uniworld Boutique River Cruise Collection, Tauck River Cruises Inc., AmaWaterways Inc., Viking River Cruises AG, The American Queen Steamboat Company LLC, Pandaw River Expeditions Limited, China International Water Transportation Corporation (CIWTC), Jeffboat Inc., Sanctuary Retreats LLC, Avalon Waterways Ltd., Aqua Expeditions LLC, European Cruise Service GmbH, Emerald Waterways Ltd.

The inland water passenger transport market report table of contents includes:

1. Executive Summary
2. Inland Water Passenger Transport Market Characteristics
3. Inland Water Passenger Transport Market Trends And Strategies
4. Inland Water Passenger Transport Market – Macro Economic Scenario
5. Global Inland Water Passenger Transport Market Size and Growth
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32. Global Inland Water Passenger Transport Market Competitive Benchmarking
33. Global Inland Water Passenger Transport Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Inland Water Passenger Transport Market
35. Inland Water Passenger Transport Market Future Outlook and Potential Analysis
36. Appendix

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