Global Cruise Market Report: 2013 Edition- Koncept Analytics

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Cruising is one of the fastest-growing industries in the travel and tourism sector. The market continued to grow during the economic recession outperforming the rest of the holiday sector. In the past, cruising was seen as the preserve of the elderly, rich and famous. Today the number of cruise passengers is growing steadily and the industry has introduced products aimed at a wide range of customers, including families, young people and groups. Prices for many cruise products are declining with increase in competition among major tour operators. The market offers a wide variety of job opportunities to people from all backgrounds. Cruising tends to be more popular among consumers aged 55-64.
The largest cruise market is North America, followed by Europe and developing regions. In terms of growth, the number of passengers is increasing more rapidly in Europe in comparison with North America. Germany is the fastest growing cruise market in the world. Major cruising companies are increasingly setting their sights on emerging Asian markets, as growth in market demand and improving infrastructure continues to position Asia as a potential growth market in the cruise industry.
The present report offers a comprehensive analysis of the worldwide cruise market. The competition in the global cruise market is intense with few large players viz. Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Lines. The competitive landscape of the global and regional cruise markets, along with the company profiles of the leading players are discussed in detail.
The key trends observed within the industry including rapidly evolving shipboard innovations, increasing technological innovation, big brand entertainment and expansion of facilities for disabled people. However, the industry remains threatened by certain challenges which include impact of global economic condition, acts of piracy and adverse incidents involving cruise ships. The major factors which will contribute in the growth of the industry include low penetration and rising employment rates.

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Global Cruise Market Report: 2013 Edition- Koncept Analytics

  1. 1. Global Cruise Market-----------------------------------2013View Report Details
  2. 2. Executive SummaryCruising is one of the fastest-growing industries in the travel and tourism sector. The market continued to grow during the economicrecession outperforming the rest of the holiday sector. In the past, cruising was seen as the preserve of the elderly, rich and famous.Today the number of cruise passengers is growing steadily and the industry has introduced products aimed at a wide range of customers,including families, young people and groups. Prices for many cruise products are declining with increase in competition among major touroperators. The market offers a wide variety of job opportunities to people from all backgrounds. Cruising tends to be more popular amongconsumers aged 55-64.The largest cruise market is North America, followed by Europe and developing regions. In terms of growth, the number of passengers isincreasing more rapidly in Europe in comparison with North America. Germany is the fastest growing cruise market in the world. Majorcruising companies are increasingly setting their sights on emerging Asian markets, as growth in market demand and improvinginfrastructure continues to position Asia as a potential growth market in the cruise industry.The present report offers a comprehensive analysis of the worldwide cruise market. The competition in the global cruise market is intensewith few large players viz. Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Lines. The competitive landscape of theglobal and regional cruise markets, along with the company profiles of the leading players are discussed in detail.The key trends observed within the industry including rapidly evolving shipboard innovations, increasing technological innovation, bigbrand entertainment and expansion of facilities for disabled people. However, the industry remains threatened by certain challenges whichinclude impact of global economic condition, acts of piracy and adverse incidents involving cruise ships. The major factors which willcontribute in the growth of the industry include low penetration and rising employment rates.By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of theindustry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Baseto determine the future direction of the industry. Before deploying the regression model, the relationship between several independent orpredictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.View Report Details
  3. 3. A cruise ship is a passenger ship used for pleasure voyages, where the voyage and the ships amenitiesare a part of the experience, as well as the different destinations along the way….. In 2012, the number of cruise passengers increased by…..% to reach ….. million in comparison with 2011. Thesame registered a CAGR of …..% for the period spanning2008-2012. The global passengers are likely to increase to…… million in 2013 showing a growth of …..% incomparison with 2012.In 2011, global demand was largely driven by the NorthAmerican market (US and Canada) which accounted for…….% of cruise passengers followed by European tourists(mainly from the UK and Germany) and Asians whichaccounted for….% and ….% in 2011.In 2012, the revenues of the cruise market increased by…..% to US$..... billion rising from US$.…. billion in 2011.The same is expected to increase to US$...... billion in 2013showing an improvement of …….% in comparison with2012.Industry Developments and trends:-Rapidly Evolving Shipboard Innovations- Increasing Technological Innovation- Big Brand entertainment-Expansion of Facilities for Disabled PeopleMarket Growth Drivers- Low Penetration Worldwide- Growing Global Economy-Rising Employment RatesChallenges-Impact of Global Economic Condition-Acts of Piracy-Adverse Incidents Involving Cruise ShipsGlobal Passengers Carried (2008-2013E)Global Cruise Passengers– Regional Breakdown (2011)2008 2009 2010 2011 2012 2013EMillionNorth America Europe Asia and Rest of the World
  4. 4. In 2012, the penetration rate of cruise market in North America was ……% which was highestin comparison with other regions….The number of passengers in North America increased from ……million in 2010 to ….. million in 2011 showing a growth of …..%. Thesame registered a CAGR of ……% for period spanning 2006-2011. Itwas estimated that the number of passengers declined to ….. million in2012 showing a decline of …..%.Approximately …..million Europeans cruised in 2006, and this countincreased to …..million by the end of 2011, representing a CAGR of…….% during the period cited here. The top five European sourcemarkets are UK/Ireland, Germany, Italy, Spain and France whichaccounted for over ……% of the market. In 2011, …..% of Europeanscruised in the Mediterranean and Atlantic Islands, …..% in NorthernEurope and the remaining ….% cruised in the Caribbean and the restof the Europe. Number of passengers sourcing cruise from Asian market increasedby …..% rising from ….. million in 2010 to …… million in 2011. Thesame registered a CAGR of ……% for period spanning 2006-2011.European Cruise Passengers (2006-2011)North American Cruise Passengers (2006-2012E)2006 2007 2008 2009 2010 2011 2012EMillion2006 2007 2008 2009 2010 2011MillionPassenger Count for Asian Cruise Market (2006-2012E)2006 2007 2008 2009 2010 2011 2012EMillion
  5. 5. The Global Cruise Market is highly fragmented and companies face intense competition. In2011, the market leader in terms of passengers carried was Carnival Corporation plc.In 2012, the number of cruise passengers in the UK increased by …..% reaching …..million in comparison with 2011.On the competition front, Carnival Corporation plc was the leading company in the cruise market world over, with approximately……% of the market share for the year 2011, followed by Royal Caribbean Cruises and Norwegian Cruise with ……% and ….. %respectively. The global cruise market, in terms of the number of passengers carried, increased from ….. million in 2011 to …… million in 2012showing a growth of ……%. The count of global cruise passengers is forecasted to increase from ….. million in 2011 to ….. million bythe end of 2016. Global cruise is expected to grow at a CAGR of …..% for the period spanning 2011-2016.Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa2011 2012 2013F 2014F 2015F 2016FMillionsGlobal Cruise Passengers Forecast (2011-2016F)2005 2006 2007 2008 2009 2010 2011 2012ThousandsThe UK Cruise Passenger (2005-2012)
  6. 6. Table of Contents1. Cruise Market1.1 Introduction1.2 Supply Chain Analysis2. Global Cruise Industry-Market Revenues-Passenger Growth-Market Penetration-Regional Breakdown3. North American Cruise Market3.1 Overview-Market Revenues-Passenger Growth-Regional Breakdown3.2 Economic Impact of Cruise Industry-Total Economic Impact-Direct Economic Impact-Total Output Generated3.3 Regional Markets3.3.1 The United States-Embarkations by Port-Regional Breakdown-Demographic Trends3.4 Prevailing Trends-Cruise Capacity by Destination4. European Cruise Market4.1 Overview-Passenger Growth-Regional BreakdownList of Graphs & TablesList of ChartsCruise Lines-by TypesTerms Used in Cruise IndustryCruise Industry-Supply ChainGlobal Passengers Carried (2008-2013E)Global Cruise Passengers– Regional Breakdown (2011)Global Cruise Market Penetration (2012)Global Cruise Market-Revenue (2008-2013E)Share of Monthly Cruise Passengers by Region of Embarkation (2012)Share of Monthly Cruise Passengers by Region of Destination (2012)Global New Berths per Year (2007-2013E)Global Cruise Berth Capacity – Regional Breakdown (2012)North American Cruise Passengers (2006-2012E)European Cruise Passengers – Regional Share by Source Country(2011)North American Cruise Market-Revenues (2008-2011)Cruise Passenger Embarkations from North American Ports (2008-2011)Cruise Passenger Embarkation from North American Ports – Share byRegion (2011)Total Output Generated by North American Cruise Industry (2008-2011)North American Cruise Profile- Age Split (2011)Cruise Passenger Embarkations from United States Ports (2008-2011)U.S. Embarkations by Port (2011)Distribution of U.S. Passengers by Place of Residence (2011)Hawai’i Cruise Passengers (2006-2012)Alaska Cruise Passengers (2006-2012E)North American Cruise Industry - Deployment by Passenger Bed Days(2011)European Cruise Passengers (2006-2011)European Cruise Passengers – Regional Share by Source Country(2011)European Cruise Market – Share by Destination (2011)Cruise Passenger Embarkations from European Ports (2006-2011)
  7. 7. -Embarkations by Port4.2 Economic Impact of Cruise Industry-Total Economic Impact-Direct Economic Impact-Total Output Generated4.3 Regional Markets4.3.1 The United Kingdom-Passenger Growth-Regional Breakdown-Demographic Trends4.3.2 Germany-Passenger Growth-Share by Destination4.3.3 Italy-Passenger Growth-Share by Destination4.3.4 Spain-Passenger Growth-Share by Destination4.3.5 France-Passenger Growth-Share by Destination4.3.6 Rest of the Europe5. Emerging Cruise Markets5.1 Asia Pacific-Passenger Growth-Supply Growth5.2 AustraliaCruise Passenger Embarkation from European Ports – Share byRegion (2011)Cruise Passengers Visiting European Ports (2006-2011)European Cruise Passengers by Country of Destination (2011)Total Output Generated by European Cruise Industry (2006-2011)The UK Cruise Passenger Growth (2005-2012)UK Cruise Market- Share by Broad Destination (2012)Germany Cruise Passengers (2006-2011)German Cruise Market- Share by Broad Destination (2011)Italy Cruise Passengers (2007-2011)Italy Cruise Market- Share by Broad Destination (2011)Spanish Cruise Market – by Annual Passengers (2006-2011)Spain Cruise Market- Share by Broad Destination (2011)French Cruise Passengers Annual (2006-2011)France Cruise Market- Share by Broad Destination (2011)Cruise Passengers from Australia (2005-2012)Australian Cruise Passengers – by Destination (2012)Australian Cruise Passengers – by State of Origin (2012)Australian Cruise Passengers: Age Split (2012)Australian Cruise Market – Breakdown by Length of Cruising (2012)Australian Cruise Industry – Market Penetration (2002-2012)Passenger Count for Asian Cruise Market (2006-2012E)Cruise Passenger Growth in New Zealand (2006-2012)New Zealand Cruise Passengers – Share by Destination (2012)New Zealand Cruise Passengers – by State of Origin (2012)New Zealand Cruise Passengers-Age Split (2012)New Zealand Cruise Market – Breakdown by Length of Cruising(2012)Global Cruise Penetration Rates by Region (2011)Global GDP (2001-2011)World GDP per Capita (2005-2011)Global Employed Population (2002-2011)Global Cruise Market share By Company (2011)Comparison of Top Two Cruise Industry Players by PassengersCarried (2007-2012)
  8. 8. -Passenger Growth-Regional Breakdown-Share by Destination-Key Trends5.3 New Zealand-Passenger Growth-Regional Breakdown-Share by Destination6. Market Dynamics6.1 Major Trends6.1.1 Rapidly Evolving Shipboard Innovations6.1.2 Increasing Technological Innovation6.1.3 Big Brand entertainment6.1.4 Expansion of Facilities for Disabled People6.2 Growth Drivers6.2.1 Low Penetration Worldwide6.2.2 Growing Global Economy6.2.3 Rising Employment Rates6.3 Key Challenges6.3.1 Impact of Global Economic Condition6.3.2 Acts of Piracy6.3.3 Adverse Incidents Involving Cruise Ships7. Competitive Landscape7.1 Global7.2 North America7.3 Europe7.4 Asia/PacificNorth American Cruise Market - Share by Companies (2012)European Cruise Market - Share by Companies (2012)Asia/Pacific Cruise Market - Share by Companies (2012)Carnival Corporation plc Revenue – Share by Segments (2012)Carnival Corporation plc Revenue – Share by Region (2012)Carnival Corporation plc Revenue and Net Income (2008-2012)Royal Caribbean Cruises Revenue – Share by Segments (2012)Royal Caribbean Cruises Revenue and Net Income (2007-2012)Norwegian Cruise lines Revenue – Share by Segments (2012)Norwegian Cruise Lines Revenue and Net Income (2007-2012)Global Cruise Passengers Forecast (2011-2016F)List of TablesDirect Economic Impact of the North American Cruise Sector – byIndustry (2011)Total Economic Impact of the North American Cruise Sector – byIndustry (2011)Total Economic Impact of the North American Cruise Industry– byCountry (2011)North American Net Supply Growth (2001-2012E)The US Cruise Market – Average Percentage Share by CategoriesEuropean Net Supply Growth (2001-2011)Cruise Ship Building and Investment (2012E-2016E)Direct Economic Impact of the European Cruise Sector – by Industry(2011)Total Economic Impact of the European Cruise Sector – by Industry(2011)Total Economic Impact of the European Cruise Industry – by Country(2011)UK Port Cruises vs. Fly Cruises (2007-2012)Embarkations at UK Ports in Thousands (2008-2012)Port of Call Passengers at UK Ports in Thousands (2008-2012)UK Cruise Market Age Analysis in % (2005-2012)German Cruise Industry (2006-2011)Spanish Cruise Industry (2006-2011)
  9. 9. 8. Company Profiles8.1 Carnival Corporation & Plc (CCL)8.1.1 Business Description8.1.2 Financial Highlights8.1.3 Business Strategies8.2 Royal Caribbean Cruises Ltd. (RCL)8.2.1 Business Description8.2.2 Financial Highlights8.2.3 Business Strategies8.3 Norwegian Cruise Lines (NCL)8.3.1 Business Description8.3.2 Financial Highlights8.3.3 Business Strategies9. Market Outlook9.1 Market Forecast9.2 Forecast Methodology9.2.1 Dependent and Independent Variables9.2.2 Correlation Analysis9.2.3 Regression AnalysisFrench Cruise Industry (2006-2011)Rest of the Europe Cruise Passengers (2007-2011)Asia/Pacific Net Supply Growth (2001-2012E)New Zealand Direct, Indirect, Induced and Employment Impacts(2012)Cruise Industry Passengers Capacity & Number of Ships – byCompany (2012)Dependent & Independent Variables (2008–2012)Correlation MatrixModel Summary – Coefficient of DeterminationRegression Coefficients Output
  10. 10. Koncept AnalyticsCS-36, Second Floor, Ansal PlazaVaishali, Ghaziabad,U.P. – 201010T. +91-120-4130959C: +91-9811715635vikas@konceptanalytics.comContact Us:www.konceptanalytics.comVikas GuptaBD ManagerThese are abridged and sanitized sample pages from the comprehensive report on the “Global Cruise Market”. To know moreabout this report or for any customized research requirement, please contact the following:View Report Details

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