The Asia Pacific Cruise Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,263.4 Million by 2031. The Japan market is showcasing a CAGR of 11.3% during (2024 - 2031). Additionally, The India market would register a CAGR of 12.7% during (2024 - 2031).
The market is characterized by constant innovation and advancement. Cruise lines continually invest in new ships, cutting-edge technologies, and novel onboard features to enhance the guest experience and stay ahead of emerging trends. The market is a hotbed of innovation and creativity, from state-of-the-art entertainment facilities and eco-friendly initiatives to personalized service and immersive-themed cruises.
The market offers travelers a unique blend of adventure, relaxation, and luxury, making it an increasingly popular choice for vacationers. With its boundless opportunities for exploration, unmatched convenience, and commitment to excellence, the market continues to thrive as a leading segment of the tourism industry.
Disney Cruise Line is making a splash in Southeast Asia with its newest ship, the Disney Adventure, set to be homeported in Singapore beginning in 2025.
Japan has actively promoted cruise tourism, particularly in cities like Yokohama and Kobe. The Japanese government has invested in upgrading cruise terminals and promoting cruise itineraries that showcase the country's cultural and natural attractions. Similarly, the Australian government has invested in developing cruise infrastructure, such as expanding cruise terminals in Sydney and Brisbane. Australia has also implemented measures to attract cruise lines, such as offering marketing support and facilitating visa processing for cruise passengers. Therefore, all these factors will support the expansion of the market in Asia Pacific throughout the forecast period.
Free Valuable Insights: The Global Cruise Market is Predict to reach USD 19.7 Billion by 2031, at a CAGR of 11.1%
Based on Type, the market is segmented into Ocean Cruises and River Cruises. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Carnival Corporation & plc.
- Royal Caribbean Cruises Ltd.
- MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
- Norwegian Cruise Line Holdings Ltd.
- Disney Cruise Line (The Walt Disney Company)
- Cruiseaway (Dreamlines GmbH)
- Island Queen Cruises
- American Cruise Lines
- The Independent Traveler, Inc. (Tripadvisor Inc.)
- Viking River Cruises Inc.
Asia Pacific Cruise Market Report Segmentation
By Type
- Ocean Cruises
- River Cruises
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Cruise Market, by Type
1.4.2 Asia Pacific Cruise Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Cruise Market
Chapter 5. Asia Pacific Cruise Market by Type
5.1 Asia Pacific Ocean Cruises Market by Country
5.2 Asia Pacific River Cruises Market by Country
Chapter 6. Asia Pacific Cruise Market by Country
6.1 China Cruise Market
6.1.1 China Cruise Market by Type
6.2 Japan Cruise Market
6.2.1 Japan Cruise Market by Type
6.3 India Cruise Market
6.3.1 India Cruise Market by Type
6.4 South Korea Cruise Market
6.4.1 South Korea Cruise Market by Type
6.5 Australia Cruise Market
6.5.1 Australia Cruise Market by Type
6.6 Malaysia Cruise Market
6.6.1 Malaysia Cruise Market by Type
6.7 Rest of Asia Pacific Cruise Market
6.7.1 Rest of Asia Pacific Cruise Market by Type
Chapter 7. Company Profiles
7.1 Carnival Corporation & plc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 SWOT Analysis
7.2 Royal Caribbean Cruises Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Acquisition and Mergers:
7.2.5 SWOT Analysis
7.3 MSC Cruises S.A. (MSC Mediterranean Shipping Company SA)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.4 Norwegian Cruise Line Holdings Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 SWOT Analysis
7.5 Disney Cruise Line (The Walt Disney Company)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.5 SWOT Analysis
7.6 Cruiseaway (Dreamlines GmbH)
7.6.1 Company Overview
7.7 Island Queen Cruises
7.7.1 Company Overview
7.8 American Cruise Lines
7.8.1 Company Overview
7.9 The Independent Traveler, Inc. (Tripadvisor Inc.)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.10. Viking River Cruises Inc.
7.10.1 Company Overview
TABLE 1 Asia Pacific Cruise Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Cruise Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Cruise Market by Type, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Cruise Market by Type, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Cruise Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Cruise Market by Country, 2024 - 2031, USD Million
TABLE 11 China Cruise Market, 2020 - 2023, USD Million
TABLE 12 China Cruise Market, 2024 - 2031, USD Million
TABLE 13 China Cruise Market by Type, 2020 - 2023, USD Million
TABLE 14 China Cruise Market by Type, 2024 - 2031, USD Million
TABLE 15 Japan Cruise Market, 2020 - 2023, USD Million
TABLE 16 Japan Cruise Market, 2024 - 2031, USD Million
TABLE 17 Japan Cruise Market by Type, 2020 - 2023, USD Million
TABLE 18 Japan Cruise Market by Type, 2024 - 2031, USD Million
TABLE 19 India Cruise Market, 2020 - 2023, USD Million
TABLE 20 India Cruise Market, 2024 - 2031, USD Million
TABLE 21 India Cruise Market by Type, 2020 - 2023, USD Million
TABLE 22 India Cruise Market by Type, 2024 - 2031, USD Million
TABLE 23 South Korea Cruise Market, 2020 - 2023, USD Million
TABLE 24 South Korea Cruise Market, 2024 - 2031, USD Million
TABLE 25 South Korea Cruise Market by Type, 2020 - 2023, USD Million
TABLE 26 South Korea Cruise Market by Type, 2024 - 2031, USD Million
TABLE 27 Australia Cruise Market, 2020 - 2023, USD Million
TABLE 28 Australia Cruise Market, 2024 - 2031, USD Million
TABLE 29 Australia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 30 Australia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 31 Malaysia Cruise Market, 2020 - 2023, USD Million
TABLE 32 Malaysia Cruise Market, 2024 - 2031, USD Million
TABLE 33 Malaysia Cruise Market by Type, 2020 - 2023, USD Million
TABLE 34 Malaysia Cruise Market by Type, 2024 - 2031, USD Million
TABLE 35 Rest of Asia Pacific Cruise Market, 2020 - 2023, USD Million
TABLE 36 Rest of Asia Pacific Cruise Market, 2024 - 2031, USD Million
TABLE 37 Rest of Asia Pacific Cruise Market by Type, 2020 - 2023, USD Million
TABLE 38 Rest of Asia Pacific Cruise Market by Type, 2024 - 2031, USD Million
TABLE 39 Key Information – Carnival Corporation & plc.
TABLE 40 Key Information – Royal Caribbean Cruises Ltd.
TABLE 41 Key Information – MSC Cruises S.A.
TABLE 42 Key Information – Norwegian Cruise Line Holdings Ltd.
TABLE 43 Key Information – Disney Cruise Line
TABLE 44 Key Information – Cruiseaway
TABLE 45 Key Information – Island Queen Cruises
TABLE 46 Key Information – American Cruise Lines
TABLE 47 Key Information – The Independent Traveler, Inc.
TABLE 48 Key Information – Viking River Cruises Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Cruise Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cruise Market
FIG 4 Porter’s Five Forces Analysis – Cruise Market
FIG 5 Asia Pacific Cruise Market share by Type, 2023
FIG 6 Asia Pacific Cruise Market share by Type, 2031
FIG 7 Asia Pacific Cruise Market by Type, 2020 - 2031, USD Million
FIG 8 Asia Pacific Cruise Market share by Country, 2023
FIG 9 Asia Pacific Cruise Market share by Country, 2031
FIG 10 Asia Pacific Cruise Market by Country, 2020 - 2031, USD Million
FIG 11 SWOT Analysis: Carnival Corporation & plc.
FIG 12 Recent strategies and developments: Royal Caribbean Group
FIG 13 SWOT Analysis: Caribbean Group
FIG 14 SWOT Analysis: Norwegian Cruise Line Holdings Ltd.
FIG 15 SWOT Analysis: Disney Cruise Line