Against the tide: Revenue fell over the past five years despite the strengthened cruise segment

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 industry operators, as demand for international ferry travel has started deteriorating. However, although 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 1.4% over the five years through 2018-19, falling from £2.9 billion in 2013-14 to an estimated £2.7...read more.

Industry Statistics & Market Size
Revenue
£2.7bn
Annual Growth 14-19
-1.4%
Forecast Growth 19-24
Profit
Employment
8,529
Businesses
545

Industry Threats & Opportunities

  • Cruise passenger numbers increased, despite demand for international ferry travel falling
  • The Dover to Calais route has been subject to significant change owing to competition complaints
  • Exit from the customs union may result in severe delays for international ferry journeys, lowering traffic
  • Industry Report - Industry Key Buyers Chapter

    The Sea and Coastal Passenger Water Transport industry has a high level of market share concentration. A large proportion of revenue is generated by a small number of players that operate in the United Kingdom and international waters. These mass-market services have high barriers to entry and it is very difficult for new entrants to challenge the incumbents. The four largest companies in the industry are estimated to account for 76.1% of industry revenue in 2018-19, with cruise company Carnival Corporation & plc being the largest player.However, the industry encompasses a number of niche services where the barriers to entry are lower. The markets for these services tend to be localised to particular coastal areas and where there is less concentration. The...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 alter goods and services produced in favour of market conditions
  • Access to multiskilled and flexible workforce
  • Production of premium goods/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..

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    What's in this report

    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
  • Cruises
  • Domestic boat trips
  • International ferry services
  • Industry Activities
  • Transporting passengers by water to a schedule
  • Transporting passengers by water without a schedule
  • Operating cruise ships
  • Operating excursion or sightseeing boats
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Outbound tourism by UK residents
  • Real household disposable income
  • Total domestic tourism
  • World price of crude oil

  • Current Performance
  • Cruising ahead
  • A different route
  • Fuelling costs
  • Chart: Revenue Growth

  • Industry Outlook
  • Keeping afloat
  • Demand sinks
  • Return of duty-free
  • 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

  • Supply Chains
    Key Buying Industries
  • Travel Agencies
  • Tour Operators
  • Consumers

  • Key Selling Industries
  • Boat Repair & Maintenance
  • Fuel Wholesaling
  • 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 65 and over
  • People aged between 18 and 44
  • People aged under 18
  • Chart: Major Market Segmentation for the Sea & Coastal Passenger Water Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Sea & Coastal Passenger Water Transport

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sea & Coastal Passenger Water Transport Industry

  • Industry Globalization
    Carnival Corporation & plc, P&O Ferries Division Holdings Limited, Fred Olsen Cruise Lines Ltd, Stena Line (UK) Limited, David MacBrayne Limited,
  • Table: Carnival Corporation & plc - financial performance
  • Table: P&O Ferries Division Holdings Limited - financial performance
  • Table: Fred Olsen Cruise Lines Ltd - financial performance
  • Table: Stena Line (UK) Limited - financial performance
  • Table: David MacBrayne Limited - financial performance

  • 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
    Table: Industry Data for the Sea & Coastal Passenger Water Transport Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 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 came 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sea & Coastal Passenger Water Transport market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 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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