The Inland Water Passenger Transport Global Market Report 2023 by The Business Research Company, provides inland water passenger transport market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Inland Water Passenger Transport Global Market Report 2023, the market size is expected to grow from $1.64 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global inland water passenger transport market is expected to grow to $2.11 billion in 2027 at a CAGR of 4.9%.
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.
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The inland water passenger transport market 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
Companies in the inland water passenger transport market are increasingly implementing technology for enhancing the passenger and guest experience on-board. Cruise and ferry boats are among the first inland waterway passenger ships to adopt and integrate the technology. For instance, in July 2020, Ferryhopper, a Greece-based ferry booking platform, launched the 1st version of Ferryhopper’s App. This app enables customers to look up direct and indirect ferry connections, evaluate ferry operators, and check the status of available tickets in real time
The inland water passenger transport market report table of contents includes:
- Executive Summary
- Inland Water Passenger Transport Market Characteristics
- Inland Water Passenger Transport Market Trends And Strategies
- Inland Water Passenger Transport Market – Macro Economic Scenario
- Inland Water Passenger Transport Market Size And Growth
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- Africa Inland Water Passenger Transport Market
- Inland Water Passenger Transport Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Inland Water Passenger Transport Market
- Inland Water Passenger Transport Market Future Outlook and Potential Analysis
- Appendix
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