In 2023, the United Kingdom led the European Sea and Coastal Passenger Water Transport market with a turnover of €8.98 billion, followed by Italy at €6.86 billion and Germany at €5.05 billion. Countries like Romania and Iceland showed significant year-on-year growth at 129.66% and 9.05% respectively, while Sweden exhibited a negative growth rate of -3.09%. The average 5-year CAGR for the sector depicted moderate variability, highlighting steady growth despite market fluctuations over the period.
Future trends to watch include continuous technological advancements in maritime transport, potential shifts in travel preferences due to environmental policies, and competitive strategies employed by leading European countries to strengthen their market positions. Overall, sustainable practices and innovation will be key drivers influencing the growth trajectory in the coming years.
- United Kingdom: 2.09% increase
- Italy: 2.71% increase
- Germany: 7.06% increase
- Denmark: 3.99% increase
- France: 3.36% increase
- Norway: 1.76% increase
- Greece: 3.88% increase
- Finland: 0.093% increase
- Spain: 4.08% increase
- Sweden: -3.09% decrease
- Croatia: 5.66% increase
- Poland: 3.0% increase
- Romania: 129.66% increase
- Iceland: 9.05% increase
Top countries in Turnover of Sea and Coastal Passenger Water Transport by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 8,980 | 2023 | +3.97% | +2.09% | View data |
| 2 | 2 Italy | 6,860 | 2023 | +14.62% | +2.71% | View data |
| 3 | 3 Germany | 5,050 | 2023 | +23.88% | +7.06% | View data |
| 4 | 4 Denmark | 2,600 | 2023 | +9.43% | +3.99% | View data |
| 5 | 5 France | 2,060 | 2023 | +9.88% | +3.36% | View data |
| 6 | 6 Norway | 1,830 | 2023 | +15.44% | +1.76% | View data |
| 7 | 7 Greece | 1,560 | 2023 | +9.9% | +3.88% | View data |
| 8 | 8 Finland | 1,210 | 2023 | +12.41% | +0.093% | View data |
| 9 | 9 Spain | 845 | 2023 | +10.6% | +4.08% | View data |
| 10 | 10 Sweden | 789.9 | 2023 | -4.92% | -3.09% | View data |
