Posted 2/29/2024, 7:10:00 AM
Passenger Ferry Market Poised for Growth, Driven by Luxury Travel Rebound and Online Bookings
- Passenger ferries market projected to reach $15 billion by 2031, growing at 7.1% CAGR
- Catamaran ferries lead market by offering speed, efficiency, stability and comfort
- Luxury/tourism segment leads market amid high demand for premium travel experiences
- Online sales channel emerges as leading segment, offering convenience and accessibility
- Post-pandemic travel trends driving tourism resurgence, increasing demand for passenger ferries