Luxury Cruise Ships Market Size & Share, by Cruising Type (Ocean, Luxury, Adventure, River, Expedition); Services (Restaurants, Bars & Pubs, Water Sports, Adventurous Sports, Planetarium, Snow Rooms, Cruise Fares, 4D Movie Theaters, In-suite Spa, Treatment Centers); Booking Mode (Online, Offline) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2990
  • Published Date: Jan 03, 2025
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Luxury Cruise Ships Market size was over USD 9.73 billion in 2024 and is anticipated to cross USD 27.11 billion by 2037, growing at more than 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of luxury cruise ships is assessed at USD 10.41 billion.

This boost is anticipated by the slated expansion of new and innovative luxury services such as water coasters, bars & pubs, planetariums, treatment centers, and many more. Such offers along with the planning to start the cruise journey at new destinations, and untapped locations are expected to expand the landscape. According to a report by Forbes, about 45% of cruise travelers were predicted to be first-time cruisers, who expect their destinations to be at the hidden sites.

Luxury Cruise Ships Market Share
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Luxury Cruise Ships Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

8.2%

Base Year Market Size (2024)

USD 9.73 billion

Forecast Year Market Size (2037)

USD 27.11 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Luxury Cruise Ships Segmentation

Cruising Type (Ocean, Luxury, Adventure, River, Expedition)

By the end of 2037, ocean cruising segment is anticipated to account for more than 57% luxury cruise ships market share owing to the increase in adventure activity that involves a significant amount of amusement, energy, and equipment for cooking, water supply, and plumbing, among other essential facilities on board. This leads to high consumption of energy and power, posing various environmental concerns.

In addition, according to a report by the Canadian Parks and Wilderness Society, in 2019, the cruisers dumped more than 32 billion litter which is about 8.45 billion gallons of waste in Canadian waters. This increases the surge in the usage of second-hand appliances that are energy and water-efficient, durable, and reliable and can help reduce the environmental impact of ocean cruising, thus facilitating a more sustainable experience.

Services (Restaurants, Water Sports, Bars & Pubs, Adventurous Sports, Snow Rooms, Planetarium, Cruise Fares, Theaters, 4D Movie In-suite Spa, Treatment Centers)

The restaurant segment is estimated to gain a robust market share and is likely to remain the second largest segment in the services of the luxury cruise ships market attributed to the continuously evolving restaurant and culinary space with new and innovative ideas for reducing the waste production and to increase the sustainability. According to a report, more than 79% of customers say that with the increase in technology, there is an increase in convenience.

Booking Mode (Online, Offline)

In luxury cruise ships market, online segment is set to register more than 8.9% growth from 2024 to 2037. The reason behind this impact is projected by the increase in the vacation offers that the travel brokers offer, all while taking care of the budget and comfort of their clients.

Moreover, this also helps the landscape to reach a worldwide audience while expanding its reach using an online booking platform. According to a report, more than 72% of travelers prefer online booking mode for their trip or vacation.

Our in-depth analysis of the luxury cruise ships market includes the following segments:

          Cruising Type

  • Ocean
  • Luxury
  • Adventure
  • River
  • Expedition

          Services

  • Restaurants
  • Bars & Pubs
  • Water Sports
  • Adventurous Sports
  • Planetarium
  • Snow Rooms
  • Cruise Fares
  • 4D Movie Theaters
  • In-suite Spa
  • Treatment Centers

          Nature of Device

  • Online
  • Offline
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Luxury Cruise Ships Industry - Regional Synopsis

North American Market Statistics

Asia Pacific industry is likely to hold largest revenue share of 50% by 2037. The landscape's substantial growth in the region is expected to be credited to the surge in the number of passengers and tourists on luxury cruise ships. According to the World Travel & Tourism Council, the travel & tourism landscape contributes about 9.1% to the GDP.

According to the Cruise Lines International Association, in the United Stated about 37 million passengers are estimated to travel in luxury cruise ships. This was earlier 31.5 million in 2023, which was 6% more than the passengers that sailed in 2019.

On the occasion of Wave Season, Pearl Seas Cruise along Canada’s coast announced their free airfare along with additional savings from May to early August 2024.

APAC Market Analysis

The Asia Pacific region will also encounter a huge influence on the luxury cruise ships market size expansion during the forecast period with a notable CAGR and will account for the second position attributed to the increasing cruise lines in the region. According to reports, Cruise World Asia 2023, Asia’s cruise industry is expected a positive growth, more than 296 cruise lines and several port leaders, travel agents, and travel experts were gathered at CruiseWorld Asia 2023, mainly for sharing, exchanging, and networking their ideas coupled with other industry colleagues and friends.

MSC Cruises is expected to launch two ships- MSC Splendida and MSC Bellissima into China.

Japan Maritime along with Nihon Shipyard Co., Ltd. was granted Approval in Principle from the Nippon Kaiji Kyokai for the concept of a multi-functional offshore windfarm support vessel.

Luxury Cruise Ships Market Overview
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Companies Dominating the Luxury Cruise Ships Market

    Most of the companies are continuously collaborating, expanding, making agreements, and joining ventures for the growth of this revenue share and are estimated to be the major key players in this landscape.

    • Royal Caribbean International
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Oceania Cruises S. de R.L.
    • Viking Ocean Cruises
    • Crystal Cruises
    • Silversea Cruises
    • American Cruise Lines
    • Norwegian Cruise Line Holdings Ltd.
    • Regent Seven Seas Cruises
    • Seabourn Cruise Line Ltd.

Recent Developments

  • Oceania Cruise, announced the World Voyage Abroad in their Newest Ship- Vista, for a 180-day world journey across six continents, visiting 43 different countries.
  • American Cruise Lines, 14 March 2024, announced their new summer season cruise, which is a part of New England cruises, and is the only coastal itinerary in that region that could visit the U.S. ports of call.
  • Report ID: 2990
  • Published Date: Jan 03, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of luxury cruise ships is assessed at USD 10.41 billion.

The luxury cruise ships market size was over USD 9.73 billion in 2024 and is anticipated to cross USD 27.11 billion by 2037, growing at more than 8.2% CAGR during the forecast period i.e., between 2025-2037. The market growth is owing to expansion of new and innovative luxury services such as water coasters, bars & pubs, planetariums, treatment centers, and many more.

Asia Pacific industry is likely to hold largest revenue share of 50% by 2037, influenced by surge in the number of passengers and tourists in luxury cruise ships in the region.

The major players in the market are Oceania Cruises S. de R.L., Viking Ocean Cruises, Crystal Cruises, Silversea Cruises, American Cruise Lines, Norwegian Cruise Line Holdings Ltd., Regent Seven Seas Cruises, Seabourn Cruise Line Ltd., and others.
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