The North America Cruise Market would witness market growth of 10.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cruise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,004.1 Million by 2031. The Canada market is experiencing a CAGR of 12.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2024 - 2031).
Cruises are vacations or journeys taken aboard a cruise ship, typically with multiple stops at various ports of call. They allow passengers to travel to different destinations while enjoying onboard amenities and entertainment. Cruise ships vary in size and style, ranging from large ocean liners with thousands of passengers to smaller vessels offering more intimate experiences. Some cruises are designed for relaxation, with amenities like spas, pools, and sun decks, while others are more focused on entertainment, with theaters, casinos, and nightclubs.
The market represents a dynamic and flourishing sector within the broader tourism industry, offering travelers unparalleled opportunities for leisure and exploration at sea. At its core, the market comprises cruise lines that operate fleets of ships, each serving as a floating resort equipped with many amenities and activities designed to cater to passengers' diverse preferences.
The Mexican government reports a significant increase in international tourists, which can positively impact the market. With more tourists visiting Mexico, cruise lines may consider including Mexican destinations, attracting more cruise passengers and boosting tourism revenue. This demonstrates the interconnectedness of the market with broader tourism trends and highlights the potential for growth in cruise tourism in Mexico. Hence, the region will present lucrative growth opportunities for the market.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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.
North America Cruise Market Report Segmentation
By Type
- Ocean Cruises
- River Cruises
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cruise Market, by Type
1.4.2 North America 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. North America Cruise Market by Type
5.1 North America Ocean Cruises Market by Country
5.2 North America River Cruises Market by Country
Chapter 6. North America Cruise Market by Country
6.1 US Cruise Market
6.1.1 US Cruise Market by Type
6.2 Canada Cruise Market
6.2.1 Canada Cruise Market by Type
6.3 Mexico Cruise Market
6.3.1 Mexico Cruise Market by Type
6.4 Rest of North America Cruise Market
6.4.1 Rest of North America 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 North America Cruise Market, 2020 - 2023, USD Million
TABLE 2 North America Cruise Market, 2024 - 2031, USD Million
TABLE 3 North America Cruise Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Cruise Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Ocean Cruises Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Ocean Cruises Market by Country, 2024 - 2031, USD Million
TABLE 7 North America River Cruises Market by Country, 2020 - 2023, USD Million
TABLE 8 North America River Cruises Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Cruise Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Cruise Market by Country, 2024 - 2031, USD Million
TABLE 11 US Cruise Market, 2020 - 2023, USD Million
TABLE 12 US Cruise Market, 2024 - 2031, USD Million
TABLE 13 US Cruise Market by Type, 2020 - 2023, USD Million
TABLE 14 US Cruise Market by Type, 2024 - 2031, USD Million
TABLE 15 Canada Cruise Market, 2020 - 2023, USD Million
TABLE 16 Canada Cruise Market, 2024 - 2031, USD Million
TABLE 17 Canada Cruise Market by Type, 2020 - 2023, USD Million
TABLE 18 Canada Cruise Market by Type, 2024 - 2031, USD Million
TABLE 19 Mexico Cruise Market, 2020 - 2023, USD Million
TABLE 20 Mexico Cruise Market, 2024 - 2031, USD Million
TABLE 21 Mexico Cruise Market by Type, 2020 - 2023, USD Million
TABLE 22 Mexico Cruise Market by Type, 2024 - 2031, USD Million
TABLE 23 Rest of North America Cruise Market, 2020 - 2023, USD Million
TABLE 24 Rest of North America Cruise Market, 2024 - 2031, USD Million
TABLE 25 Rest of North America Cruise Market by Type, 2020 - 2023, USD Million
TABLE 26 Rest of North America Cruise Market by Type, 2024 - 2031, USD Million
TABLE 27 Key Information – Carnival Corporation & plc.
TABLE 28 Key Information – Royal Caribbean Cruises Ltd.
TABLE 29 Key Information – MSC Cruises S.A.
TABLE 30 Key Information – Norwegian Cruise Line Holdings Ltd.
TABLE 31 Key Information – Disney Cruise Line
TABLE 32 Key Information – Cruiseaway
TABLE 33 Key Information – Island Queen Cruises
TABLE 34 Key Information – American Cruise Lines
TABLE 35 Key Information – The Independent Traveler, Inc.
TABLE 36 Key Information – Viking River Cruises Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Cruise Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cruise Market
FIG 4 Porter’s Five Forces Analysis – Cruise Market
FIG 5 North America Cruise Market share by Type, 2023
FIG 6 North America Cruise Market share by Type, 2031
FIG 7 North America Cruise Market by Type, 2020 - 2031, USD Million
FIG 8 North America Cruise Market share by Country, 2023
FIG 9 North America Cruise Market share by Country, 2031
FIG 10 North America 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