In 2023, Italy dominated the European sold production of cruise ships, excursion boats, and passenger transport vessels, holding 77.71% of the market share in value terms. Finland and Norway followed with 17.63% and 17.5%, respectively. Croatia experienced a significant growth of 162.58% from the previous year, while countries like Romania and Lithuania saw a decline, with -8.6% and -1.53% respectively. Over the last five years, the average annual growth rate for Italy remained strong, contributing heavily to the overall European market.
Future trends to watch include technological advances in greener ships and sustainable practices, increased demand for domestic travel by water, and potential changes in competitive dynamics due to geopolitical factors and economic conditions. Emerging markets in Eastern Europe may see increased investment and growth, shifting production shares slightly over time.
Top countries in Sold Production of Cruise Ships, Excursion Boats and Passenger Transport Vessels Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 77.71 | 2023 | +18.22% | +23.82% | View data |
| 2 | 2 Finland | 17.63 | 2023 | +0.55% | +17.81% | View data |
| 3 | 3 Norway | 17.5 | 2023 | +25.6% | +18.67% | View data |
| 4 | 4 Croatia | 1.43 | 2023 | +6.58% | +162.58% | View data |
| 5 | 5 Spain | 0.72 | 2023 | -0.93% | +8.67% | View data |
| 6 | 6 Netherlands | 0.5 | 2021 | -79.17% | View data | |
| 7 | 7 Poland | 0.15 | 2023 | +4.78% | View data | |
| 8 | 8 Romania | 0.12 | 2023 | +6.39% | -8.6% | View data |
| 9 | 9 Lithuania | 0.083 | 2023 | +5.38% | -1.53% | View data |
| 10 | 10 Portugal | 0.015 | 2021 | -35.21% | View data |
