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Global Passenger Ferries Market Size study & Forecast, by Booking Type (Private, Commercial), by Type (Multihull, Monohull) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: G1A9F71D435CEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Passenger Ferries Market is valued at approximately USD 9.43 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.83% during the forecast period 2023-2030. Passenger ferries are water vessels designed primarily for the transportation of passengers across bodies of water, such as rivers, lakes, or seas. These ferries are generally smaller and operate on shorter routes, connecting two or more points that are relatively close to each other. The Passenger Ferries Market is expanding because of factors such as the rise in urbanization and the surge in demand for adventure tourism. Passenger Ferries are a common means of transportation for both daily commuters and tourists, providing a convenient and efficient way to travel between coastal areas or islands. As a result, the demand for Passenger Ferries has progressively increased in the international market during the forecast period 2023-2030.

Urbanization tends to bring about higher levels of road congestion. Passenger ferries can help alleviate this congestion by providing an alternative mode of transportation that avoids the limitations of road networks. According to the Statista, the global urbanization rate was 57% in 2022. North America has the highest level of urbanization, with over four fifths of the population living in urban areas. Furthermore, Urbanization can attract more tourists to a city, and passenger ferries can enhance the appeal of waterfront areas for recreational purposes. Another important factor that drives the Passenger Ferries Market is the increasing demand for adventure tourism. Adventure tourists often seek unique and less-traveled destinations. Passenger ferries respond by offering specialized routes that connect islands, remote coastal areas, or locations with specific adventure activities such as snorkeling, diving, or hiking. In addition, as per Statista, the global adventure tourism market accounts for approximately USD 288 billion in 2021 and is projected to grow steadily at roughly USD 2,824 billion by 2030. Moreover, increasing disposable income of people globally and rising government initiatives towards modernizing maritime infrastructure are anticipated to create lucrative growth opportunities for the market over the forecast period. However, high costs associated with Passenger Ferries and stringent regulatory compliance is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Passenger Ferries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the robust infrastructure, technological advancements, and a burgeoning focus on sustainable maritime transport in the region. Robust infrastructure can support the expansion of ferry networks, connecting more regions and optimizing routes. This expansion can cater to a broader range of passengers and facilitate easier access to various destinations. The region’s dominant performance is anticipated to propel the overall demand for Passenger Ferries. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as growth in the tourism industry, increasing disposable income, and rapid urbanization in the region. Higher disposable incomes can lead to increased spending on tourism and recreational activities. Passenger ferries, especially those serving tourist destinations, experience a surge in demand from individuals seeking unique travel experiences.

Major market player included in this report are:

Austal Limited

Brodosplit d.d.

Hijos De J Barreras SA

Mitsubishi Shipbuilding Co., Ltd

Gladding-Hearn Shipbuilding Duclos Corporation

Blount Boats Inc

Nichols Bros Boat Builders

Fincantieri S.p.A.

Greenbay Marine Technologies Pte Ltd

Samsung Heavy Industries Co. Ltd

Recent Developments in the Market:
  • In May 2023, Austal Limited Vietnam launched a cutting-edge high-speed catamaran at its shipyard in Vung Tau for the Degage Group in French Polynesia. Boasting the latest catamaran design, this vessel presents operators with an aesthetically striking and versatile option, featuring numerous indoor and outdoor decks for passengers, along with a spacious cargo area capable of accommodating up to 16 tons for efficient high-speed inter-island transportation.
Global Passenger Ferries Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Booking Type, Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Booking Type

Private

Commercial

By Type

Multihull

Monohull

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Passenger Ferries Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Passenger Ferries Market, by Booking Type, 2020-2030 (USD Billion)
  1.2.3. Passenger Ferries Market, by Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL PASSENGER FERRIES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL PASSENGER FERRIES MARKET DYNAMICS

3.1. Passenger Ferries Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rise in urbanization
    3.1.1.2. Surge in demand for adventure tourism
  3.1.2. Market Challenges
    3.1.2.1. High cost associated with Passenger Ferries
    3.1.2.2. Stringent regulatory compliance
  3.1.3. Market Opportunities
    3.1.3.1. Increasing disposable income of people globally
    3.1.3.2. Rising government initiatives towards modernize maritime infrastructure

CHAPTER 4. GLOBAL PASSENGER FERRIES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PASSENGER FERRIES MARKET, BY BOOKING TYPE

5.1. Market Snapshot
5.2. Global Passenger Ferries Market by Booking Type, Performance - Potential Analysis
5.3. Global Passenger Ferries Market Estimates & Forecasts by Booking Type 2020-2030 (USD Billion)
5.4. Passenger Ferries Market, Sub Segment Analysis
  5.4.1. Private
  5.4.2. Commercial

CHAPTER 6. GLOBAL PASSENGER FERRIES MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global Passenger Ferries Market by Type, Performance - Potential Analysis
6.3. Global Passenger Ferries Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Passenger Ferries Market, Sub Segment Analysis
  6.4.1. Multihull
  6.4.2. Monohull

CHAPTER 7. GLOBAL PASSENGER FERRIES MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Passenger Ferries Market, Regional Market Snapshot
7.4. North America Passenger Ferries Market
  7.4.1. U.S. Passenger Ferries Market
    7.4.1.1. Booking Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Passenger Ferries Market
7.5. Europe Passenger Ferries Market Snapshot
  7.5.1. U.K. Passenger Ferries Market
  7.5.2. Germany Passenger Ferries Market
  7.5.3. France Passenger Ferries Market
  7.5.4. Spain Passenger Ferries Market
  7.5.5. Italy Passenger Ferries Market
  7.5.6. Rest of Europe Passenger Ferries Market
7.6. Asia-Pacific Passenger Ferries Market Snapshot
  7.6.1. China Passenger Ferries Market
  7.6.2. India Passenger Ferries Market
  7.6.3. Japan Passenger Ferries Market
  7.6.4. Australia Passenger Ferries Market
  7.6.5. South Korea Passenger Ferries Market
  7.6.6. Rest of Asia Pacific Passenger Ferries Market
7.7. Latin America Passenger Ferries Market Snapshot
  7.7.1. Brazil Passenger Ferries Market
  7.7.2. Mexico Passenger Ferries Market
7.8. Middle East & Africa Passenger Ferries Market
  7.8.1. Saudi Arabia Passenger Ferries Market
  7.8.2. South Africa Passenger Ferries Market
  7.8.3. Rest of Middle East & Africa Passenger Ferries Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Austal Limited
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Brodosplit d.d.
  8.3.3. Hijos De J Barreras SA
  8.3.4. Mitsubishi Shipbuilding Co., Ltd
  8.3.5. Gladding-Hearn Shipbuilding Duclos Corporation
  8.3.6. Blount Boats Inc
  8.3.7. Nichols Bros Boat Builders
  8.3.8. Fincantieri S.p.A.
  8.3.9. Greenbay Marine Technologies Pte Ltd
  8.3.10. Samsung Heavy Industries Co. Ltd

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Passenger Ferries Market, report scope
TABLE 2. Global Passenger Ferries Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Passenger Ferries Market estimates & forecasts by Booking Type 2020-2030 (USD Billion)
TABLE 4. Global Passenger Ferries Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Passenger Ferries Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Passenger Ferries Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Passenger Ferries Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Passenger Ferries Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Passenger Ferries Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Passenger Ferries Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Passenger Ferries Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Passenger Ferries Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Passenger Ferries Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Passenger Ferries Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Passenger Ferries Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Passenger Ferries Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Passenger Ferries Market
TABLE 70. List of primary sources, used in the study of global Passenger Ferries Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Passenger Ferries Market, research methodology
FIG 2. Global Passenger Ferries Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Passenger Ferries Market, key trends 2022
FIG 5. Global Passenger Ferries Market, growth prospects 2023-2030
FIG 6. Global Passenger Ferries Market, porters 5 force model
FIG 7. Global Passenger Ferries Market, pest analysis
FIG 8. Global Passenger Ferries Market, value chain analysis
FIG 9. Global Passenger Ferries Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Passenger Ferries Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Passenger Ferries Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Passenger Ferries Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Passenger Ferries Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Passenger Ferries Market, regional snapshot 2020 & 2030
FIG 15. North America Passenger Ferries Market 2020 & 2030 (USD Billion)
FIG 16. Europe Passenger Ferries Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Passenger Ferries Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Passenger Ferries Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Passenger Ferries Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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