The Inland Water Passenger Transport Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Inland Water Passenger Transport Global Market Report 2024, The inland water passenger transport market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to infrastructure development, economic growth and urbanization, environmental considerations, government initiatives and policies, congestion alleviation.
The inland water passenger transport market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to modal shift for sustainable transportation, integrated transport systems, tourism industry growth, climate change mitigation strategies, technological innovations (excluding). Major trends in the forecast period include market liberalization and deregulation, technological advancements, changing consumer preferences, global economic trends, pandemic impacts and resilience.
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. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Hence, an increase in the use of boats on inland waterways for sightseeing is boosting the inland waterway passenger transport market.
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The inland water passenger transport market covered in this report is segmented –
1) Inland Water Passenger Transport Market 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) Inland Water Passenger Transport Market By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Other Modes
3) Inland Water Passenger Transport Market By Application: Supply Chain, Distribution, End Customers
Top Major Players
CMA CGM SA
MSC Mediterranean Shipping Company S.A.
Norwegian Cruise Line Holdings Ltd.
Ingram Industries Inc.
Bayliner Maries
3M Company
Major companies operating in the inland water passenger transport market are developing autonomous waterway transportation system to optimize the transportation process. An autonomous waterway transportation system refers to a system that uses artificial intelligence (AI) and other advanced technologies to optimize the transportation process, reduce fuel consumption, and improve safety in inland water transport. For instance, in 2021, Chen et al. proposed an implementable architecture of an inland autonomous waterway transportation system that uses AI to optimize the transportation process. The system uses a combination of AI, big data, and the Internet of Things (IoT) to optimize the transportation process, reduce fuel consumption, and improve safety. The system includes a control center, a communication network, a navigation system, and a transportation system.
The inland water passenger transport market report table of contents includes:
1. Executive Summary
2. Inland Water Passenger Transport Market Characteristics
3. Inland Water Passenger Transport Market Trends And Strategies
4. Inland Water Passenger Transport Market – Macro Economic Scenario
5. Global Inland Water Passenger Transport Market Size and Growth
…..
32. Global Inland Water Passenger Transport Market Competitive Benchmarking
33. Global Inland Water Passenger Transport Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Inland Water Passenger Transport Market
35. Inland Water Passenger Transport Market Future Outlook and Potential Analysis
36. Appendix
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