The cruise safari global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
The cruise safari global market report 2024
Market Size –
The cruise safari market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing interest in experiential travel experiences, increasing popularity of wildlife and nature tourism, increasing availability of luxury cruise options, rising demand for adventure tourism, and growth in social media influence on travel decisions.
The cruise safari market size is expected to see rapid growth in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to rising demand for luxury and highend cruise safari, increasing investments in cruise safari infrastructure and amenities, growth in travel packages, increasing influence of social media and travel influencers, and increasing availability of advanced and comfortable cruise safari vessels. Major trends in the forecast period include advancements in wildlife tracking technology, implementation of smart onboard systems, development of themed cruise safari packages, adoption of flexible itinerary options, and development of multi destination safari cruises.
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Scope Of Cruise Safari Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cruise Safari Market Overview
Market Drivers –
The rising demand for river cruises is expected to propel the growth of the cruise safari market in the coming years. River cruises, which involve traveling on boats or ships along rivers, offer passengers the chance to visit multiple destinations while enjoying onboard comforts. The increasing popularity of river cruises is attributed to travelers’ desires for unique, immersive experiences, easy access to diverse locations, and high levels of personalized service. Cruise safari enhances the river cruise experience by offering passengers unique wildlife viewing opportunities and immersive on-shore excursions. For example, a report by the Cruise Lines International Association (CLIA) in April 2024 indicated that an estimated 31.7 million cruise passengers were carried in 2023, marking a 7% rise compared to the past four years. Thus, the growing demand for river cruises is significantly driving the cruise safari market.
Market Trends –
Major companies operating in the cruise safari market are developing infinite horizons, an innovative platform designed to enhance the luxury travel experience by offering immersive and personalized adventure itineraries. Infinite horizons refer to a broad, expansive vision that aims to explore limitless possibilities and endless opportunities. For instance, in December 2022, Celebrity Cruises, a US-based luxury cruise company, launched Wonderverse, an innovative virtual reality platform that allows travelers to tour the Celebrity Beyond cruise ship in a hyper-realistic metaverse environment before setting sail. It enables visitors to explore various spaces on the ship, chat with ship designers and leaders, and even book vacation itineraries. The Wonderverse appears to be a standalone virtual experience focused on Celebrity Cruises’ ships and offerings.
The cruise safari market covered in this report is segmented –
1) By Type: Customized And Private Vacations, Adventure And Safari, Small Group Journey, Other Types
2) By Tour: Absolute Luxury, Budget Friendly
3) By Vessel Type: Large Cruise Ships, Smaller Expedition Ships
4) By Booking Channel: Direct Booking, Traveling Agencies, Online Platform
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Regional Insights –
North America was the largest region in the cruise safari market in 2023. The regions covered in the cruise safari market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Oceanwide Expeditions BV, MSC Cruises S.A., Carnival Corporation & plc, Royal Caribbean Group, Norwegian Cruise Line Holdings Ltd., Viking Cruises Ltd., Abercrombie & Kent Group of Companies S.A., Hurtigruten AS, National Geographic Partners LLC, Lindblad Expeditions Holdings Inc., CroisiEurope SA, Compagnie du Ponant, Fred. Olsen Cruise Lines Ltd., G Adventures Inc., Singita Management Company (Pty) Ltd., Azamara Club Cruises, Aqua Expeditions Pte. Ltd., Aurora Expeditions Pty Ltd, Cruiseaway Pty Ltd., Zambezi Queen Collection, Pandaw Cruises Ltd., Exodus Travels Ltd., Island Queen Cruises & Tours, Hebridean Island Cruises Ltd.
Table of Contents
- Executive Summary
- Cruise Safari Market Characteristics
- Cruise Safari Market Trends And Strategies
- Cruise Safari Market – Macro Economic Scenario
- Global Cruise Safari Market Size and Growth
………..
- Key Mergers And Acquisitions In The Cruise Safari Market
- Cruise Safari Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cruise Safari Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cruise Safari Market, Segmentation By Tour, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cruise Safari Market, Segmentation By Vessel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 75: Oceanwide Expeditions BV Financial Performance
Table 76: MSC Cruises S.A. Financial Performance
Table 77: Carnival Corporation & plc Financial Performance
Table 78: Royal Caribbean Group Financial Performance
Table 79: Norwegian Cruise Line Holdings Ltd. Financial Performance
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