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Global Coastal and Maritime Tourism Market to reach USD 4.52 Trillion by the end of 2029

Global Coastal and Maritime Tourism Market Size study&Forecast, byProduct (Passenger Ticket Service, Onboard & Other) by Application (Cruise Tourism, Yacht & Sailing Tourism, Water Sports & Water Activities, Others)and Regional Analysis, 2022-2029

Product Code: ALTAWT-87490945
Publish Date: 20-03-2023
Page: 200

Global Coastal and Maritime Tourism Market is valued at approximately USD 2.9 Trillion in 2021and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2022-2029. Coastal tourism refers to land-based tourism activities such as swimming, surfing, sunbathing, and other coastal recreation activities that take place on the coast and require proximity to the sea.. A significant factor in the expansion of the Coastal and Maritime tourism industry is learning about and respecting different cultures. The foundation of coastal tourism is a special resource combination that offers a variety of attractions at the meeting point of land and sea. Today, 80% of all travel takes place in coastal areas with beaches and coral reefs. The growing desire for leisure travel and technological improvements in the tourist industry are the main reasons why coastal and maritime tourism has increased in overall sector.

According to the Cruise Lines International Association (CLIA),the number of cruise passengers has doubled from 17.8 million in 2009. Growing interestedin leisure activities among younger tourists and millennials is credited for the segment’s expansion.It is projected that technological advancement in the tourism industry would increase demand for coastal and maritime tourism.Many industry participants are developing cutting-edge aboard experiences, such as floating mega resorts and attractions similar to dining establishments, live entertainment, and fitness centers.35.9% of the global revenue share in 2021 was attributed to the cruise tourist sector.The positive government actions toward the tourist industry are expected to lead to growth in the coastal and maritime tourism business. The popularity of social media among millennials and Generation Z is increasing, which is boosting demand for leisure travel People with more disposable means are fueling the demand for coastal and maritime tourism in the area. Many foreign visitors are eager to learn about and comprehend other cultures .Due to the financial depression experienced by important companies, the COVID-19 epidemic had a detrimental effect on the world’s coastal and maritime tourism business.

The key regions considered for the Global Coastal and Maritime Tourism Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.In 2021, Europe had the majority of the market, with a share of XX%. The demand for coastal and maritime tourism in the area is being driven by an increase in foreign visitors as well as an increase in disposable income. Favourable government measures are predicted to fuel demand for the coastal and maritime tourist business, along with an increase in domestic travel in the area.The market in Asia Pacific is predicted to grow at the fastest rate XX%, over the anticipated period.Additionally, the market is expanding due to the increased usage of technology across a number of industries, including marine and transportation.

Major market player included in this report are:
Carnival Corporation & plc
Royal Caribbean Group
Norwegian Cruise Line Holdings Ltd.
MSC Cruises S.A.
Genting Hong Kong Limited
Disney Cruise Line
Silversea CruiseWynn Resorts, Limited
Princess Cruises
Virgin Cruises Intermediate Limited

Recent Developments in the Market:
 In April 2022, the number of consumer trips anticipated in the U.S. grew by 4% than in 2021.
 In February 2022, a survey conducted by Cruise.co.uk revealed that 49% of consumers would open to taking a cruise within next six months
 In December 2022, Princess Cruises improved its wellness and add-on package options for customers.
Global Coastal And Maritime Tourism Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
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 incorporatespotential 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:
Passenger Ticket Service
Onboard & Other
By Application:
Cruise Tourism
Yacht & Sailing Tourism
Water Sports & Water Activities

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Trillion)
1.2.1. Coastal and Maritime Tourism Market, by Region, 2019-2029 (USD Trillion)
1.2.2. Coastal and Maritime Tourism Market, by Product,2019-2029 (USD Trillion)
1.2.3. Coastal and Maritime Tourism Market, by Application, 2019-2029 (USD Trillion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Coastal and Maritime Tourism Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Coastal and Maritime Tourism Market Dynamics
3.1. Coastal and Maritime Tourism Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing trend for leisure travel Technological advancements in the tourism industry
3.1.2. Market Challenges Negative Impact of COVID-19
3.1.3. Market Opportunities Growing Penetration on social media Increasing Government Initiatives
Chapter 4. Global Coastal and Maritime Tourism 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. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Coastal and Maritime Tourism Market, by Product
6.1. Market Snapshot
6.2. Global Coastal and Maritime Tourism Market by Product, Performance – Potential Analysis
6.3. Global Coastal and Maritime Tourism Market Estimates & Forecasts by Product2019-2029 (USD Trillion)
6.4. Coastal and Maritime Tourism Market, Sub Segment Analysis
6.4.1. Passenger Ticket Service
6.4.2. Onboard & Other Services
Chapter 7. Global Coastal and Maritime Tourism Market, by Application
7.1. Market Snapshot
7.2. Global Coastal and Maritime Tourism Market by Application, Performance – Potential Analysis
7.3. Global Coastal and Maritime Tourism Market Estimates & Forecasts by Application2019-2029 (USD Trillion)
7.4. Coastal and Maritime Tourism Market, Sub Segment Analysis
7.4.1. Cruise Tourism
7.4.2. Yacht & Sailing Tourism
7.4.3. Water Sports & Water Activities
7.4.4. Others
Chapter 8. Global Coastal and Maritime Tourism Market, Regional Analysis
8.1. Coastal and Maritime Tourism Market, Regional Market Snapshot
8.2. North America Coastal and Maritime Tourism Market
8.2.1. U.S. Coastal and Maritime Tourism Market Product breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Coastal and Maritime Tourism Market
8.3. Europe Coastal and Maritime Tourism Market Snapshot
8.3.1. U.K. Coastal and Maritime Tourism Market
8.3.2. Germany Coastal and Maritime Tourism Market
8.3.3. France Coastal and Maritime Tourism Market
8.3.4. Spain Coastal and Maritime Tourism Market
8.3.5. Italy Coastal and Maritime Tourism Market
8.3.6. Rest of Europe Coastal and Maritime Tourism Market
8.4. Asia-Pacific Coastal and Maritime Tourism Market Snapshot
8.4.1. China Coastal and Maritime Tourism Market
8.4.2. India Coastal and Maritime Tourism Market
8.4.3. Japan Coastal and Maritime Tourism Market
8.4.4. Australia Coastal and Maritime Tourism Market
8.4.5. South Korea Coastal and Maritime Tourism Market
8.4.6. Rest of Asia PacificCoastal and Maritime Tourism Market
8.5. Latin America Coastal and Maritime Tourism Market Snapshot
8.5.1. Brazil Coastal and Maritime Tourism Market
8.5.2. Mexico Coastal and Maritime Tourism Market
8.6. Rest of The World Coastal and Maritime Tourism Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Carnival Corporation & plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Royal Caribbean Group
9.2.3. Norwegian Cruise Line Holdings Ltd.
9.2.4. MSC Cruises S.A.
9.2.5. Genting Hong Kong Limited
9.2.6. DisneyCruise Line
9.2.7. Silversea CruiseWynn Resorts, Limited
9.2.8. Princess Cruises
9.2.9. Virgin Cruises Intermediate Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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