Global Inland Water Passenger Transport Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The inland water passenger transport market consists of sales of inland water passenger transportation and related services by entities (organizations, sole traders, and partnerships) that provide inland water transportation of passengers on lakes, rivers, or intra-coastal waterways.

Global Inland Water Passenger Transport Market Size And Drivers:

The global inland water passenger transport market is expected to grow from $0.73 billion in 2020 to $0.76 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.91 billion in 2025 at a CAGR of 4.6%. The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland water passenger transport market.

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Trends In The Global Inland Water Passenger Transport Market

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 water passenger ships to adopt and integrate the technology. For instance, in February 2019, MSC cruise has installed virtual personal assistants ZOE in all guest cabins on-boards. Similarly, in February 2019, European ferry operator Stena Line has created a new chatbot named Stina to provide UK customers with 24/7 assistance and help them to book ferry trips. Moreover, in July 2019, Fred. Olsen Cruise Lines introduced an onboard app with SimpleClick, a software development agency to deliver information about the cruise, activities, and meals with limited connectivity.

Global Inland Water Passenger Transport Market Segments:
The global inland water passenger transport market is further segmented –
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
By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Others
By Application: Supply Chain, Distribution, End Customers
By Geography: The global inland water passenger transport market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Inland Water Passenger Transport Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides inland water passenger transport market overviews, analyzes and forecasts market size and growth for the global inland water passenger transport market, inland water passenger transport market share, inland water passenger transport market players, inland water passenger transport market segments and geographies, inland water passenger transport market’s leading competitors’ revenues, profiles and market shares. The inland water passenger transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.