Industry Analysis & Industry Trends
The Sea & Coastal Passenger Water Transport industry is diverse, offering services ranging from ferry services, to cruise ship voyages and fishing charters. Being an industry heavily involved with tourism, it has suffered through some very tough years as the world economy became mired in problems from late 2007, except for the cruise segment, which continued to grow thanks to its marketing as a value-vacation option.
Industry revenue is estimated to fall from £3.61 billion in 2006-07 to £2.76 billion in 2011-12, an annualised decrease of 5.2%. It is not all bad news though, with a revenue gain of 6% forecast for 2011-12, albeit off a significantly reduced base... purchase to read more
Industry Report - Industry Key Buyers Chapter
While the Sea & Coastal Passenger Water Transport industry contains some large-scale operators, the scattered geographical nature of the services provided, along with the wide variety of niches, means that market share concentration in the industry is not high. The four largest companies in the industry account for about 35% of industry revenue, with ocean cruise company Carnival being the largest player. The downturn in tourist activity amid the global financial crisis drove some small companies out of the industry, and created the likelihood that industry concentration will increase in the near term due to mergers and acquisitions... purchase to read more