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Sea & Coastal Passenger Water Transport in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sea & Coastal Passenger Water Transport Market Research Report | SIC H50.100 | Mar 2016

Staying afloat: In spite of ongoing challenges, moderate revenue expansion is anticipated

IBISWorld’s Sea & Coastal Passenger Water Transport market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Carnival plc Carnival plc market share
David MacBrayne Limited David MacBrayne Limited market share
DFDS Seaways (Holdings) Limited DFDS Seaways (Holdings) Limited market share
Fred.Olsen Cruise Lines Ltd Fred.Olsen Cruise Lines Ltd market share
P&O Ferries Division Holdings Limited P&O Ferries Division Holdings Limited market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Threats & Opportunities
  • Regulatory changes are likely to weigh on growth by making some routes uneconomical
  • The shipping sector has come under scrutiny for its lack of action regarding cutting ships' emissions
  • The installation of sulphur scrubbing technology may prove too costly for smaller operators
  • ... purchase to read more

Industry Analysis & Industry Trends

The Sea and Coastal Passenger Water Transport industry offers a range of services, including cruises, ferry services and fishing charters. The industry is reliant on domestic and international tourism because ferries transport travellers and cruise ships offer combined travel and accommodation. The past five years have been challenging for the industry, as the recession hit the global economy, causing travellers to limit their discretionary spending. However, although total industry revenue has declined, the cruise segment has performed strongly and expanded by marketing value holidays, such as all-inclusive cruises.

Industry revenue is forecast to decline at a compound annual rate of 0.3% over the five years through 2015-16, falling from £2.9 billion in 2010-11 to £2.8... purchase to read more

Industry Report - Industry Investment Chapter

The industry is highly capital intensive due to the large vessel owners that dominate the industry. Passenger vessels can range in cost from a few thousand pounds to tens of millions of pounds, depending on size, equipment and features. Capital expenditure on vessels depends on the size of the operations and the nature of the service offered. In recent years, investment in fuel-efficient vessels has become increasingly common, leading to significant spending in the industry. Depreciation is expected to account for 8.7% of industry revenue in the current year.

Approximately 15.6% of revenue is accounted for by wages, with the average worker earning almost £51,000 per year. Man.. purchase to read more

Additional Insights for the Sea & Coastal Passenger Water Transport Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sea & Coastal Passenger Water Transport Industry are

  • Ability to adapt to market conditions
  • Access to a multiskilled and flexible workforce
  • A range of premium services
  • IBISWorld analysts also discuss how external factors such as Outbound tourism by UK residents and Real household disposable income in the Sea & Coastal Passenger Water Transport industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Sea & Coastal Passenger Water Transport Industry?

    This industry includes all operators that transport passengers on sea and coastal waters. This includes the operation of excursion, cruise or sightseeing boats, the operation of ferries and water taxis and the renting of pleasure boats with crew for sea or coastal transport. The renting of boats without crew and restaurant and bar activities on board ships, when provided by separate businesses, are both excluded from the industry.

    Industry Products
    CruisesDomestic boat tripsInternational ferry services
    Industry Activities
    Transporting passengers by water to a scheduleTransporting passengers by water without a scheduleOperating cruise shipsOperating excursion or sightseeing boats

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Outbound tourism by UK residents
  • Real household disposable income
  • Total domestic tourism
  • World price of crude oil
  • Current Performance
  • Cruise control
  • Choppy waters
  • Fuelling change
  • Chart: Revenue Growth
  • Industry Outlook
  • The tide turns
  • Above water
  • Table: Sea & Coastal Passenger Water Transport Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sea & Coastal Passenger Water Transport Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Travel Agencies
  • Tour Operators
  • Consumers
  • Key Selling Industries
  • Boat Repair & Maintenance
  • Fuel Wholesaling
  • Service Activities Incidental to Water Transportation
  • Shipbuilding
  • Products & Services
  • Cruises
  • International ferry services
  • Domestic boat trips
  • Chart: Sea & Coastal Passenger Water Transport Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged between 45 and 64
  • People aged between 18 and 44
  • People aged 65 and over
  • People aged up to 18
  • Chart: Major Market Segmentation for the Sea & Coastal Passenger Water Transport Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sea & Coastal Passenger Water Transport
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sea & Coastal Passenger Water Transport Industry
  • Industry Globalization
    Major Companies
    Carnival plc
    P&O Ferries Division Holdings Limited
    Stena Line (UK) Limited
    DFDS Seaways (Holdings) Limited
    David MacBrayne Limited
    Fred Olsen Cruise Lines Ltd
  • Table: Carnival plc - financial performance
  • Table: P&O Ferries Division Holdings Limited - financial performance
  • Table: Stena Line (UK) Limited - financial performance
  • Table: DFDS Seaways (Holdings) Limited - financial performance
  • Table: David MacBrayne Limited - financial performance
  • Table: Fred Olsen Cruise Lines Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sea & Coastal Passenger Water Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Sea & Coastal Passenger Water Transport Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Bunker Fuel
  • The name given to any fuel stored in tankers and used to power ships.
  • Fly Cruise
  • A package deal that covers both a cruise and the flights to and from the ship.
  • Fuel Scrubber
  • A fuel scrubber is a device that is used to remove pollutants from industrial exhaust streams.
  • Marpol Annex Vi
  • Regulation placing a 0.1% limit on the quantity of sulphur contained in ship fuel, which is expected to come into effect in January 2015.
  • Roll-On/Roll-Off (Ro-Ro)
  • Describes vessels with built-in ramps so that cargo or cars can be efficiently rolled on and rolled off the vessel when in port.
  • Water Taxi
  • A ferry that takes passengers to a variety of destinations, instead of operating over a fixed route.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sea & Coastal Passenger Water Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sea & Coastal Passenger Water Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sea & Coastal Passenger Water Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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