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Sea & Coastal Passenger Water Transport in Germany Industry Data and Analysis
In recent years, the cruise segment has dominated the shipping industry and has consistently generated over 90% of total sales, while ferries, excursion boats and water taxis have accounted for smaller shares. In Germany, larger and more affordable ships have transformed cruises from luxury holidays into a mass-market offering that appeals to broad sections of the population. A key factor in profitability is additional income from duty-free sales and paid services on board, including massage treatments and specialised restaurants. Specialised travel agencies and tour operators play a key role by combining cruises with flights and hotels to create attractive packages. Shipping companies recently benefited from shipyard contracts signed before the pandemic, which made ships cheaper for the shipping companies than would be the case today. However, the industry has been significantly impacted by the COVID-19 pandemic. Numerous cruises were cancelled and fleets were shut down, and stricter hygiene and safety concepts had to be implemented, resulting in considerable financial losses. The conflict in the Middle East is currently necessitating changes to cruise itineraries, which may also lead to financial losses.
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What's included in this industry analysis
IBISWorld's research coverage on the Sea & Coastal Passenger Water Transport industry in Germany includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released August 2024.
About this industry
What's this industry report about?
The Sea & Coastal Passenger Water Transport industry in Germany operates under the WZ industry code H50.10DE. The industry includes the cruise business, ferry operations, the operation of excursion boats and water taxis as well as the hire of pleasure boats for sea and coastal transport with crew. The industry does not include catering on board if this is provided by external companies. The letting of pleasure boats without a crew and the operation of floating casinos are also not part of the industry. Related terms covered in the Sea & Coastal Passenger Water Transport industry in Germany include onboard credit (obc), liquefied natural gas (lng) and blue journey.
What's included in this industry?
Products and services covered in Sea & Coastal Passenger Water Transport industry in Germany include Cruises, Additional services in the cruise business and Other passenger transport services and services.
What companies are included in this industry?
Companies covered in the Sea & Coastal Passenger Water Transport industry in Germany include TUI Cruises GmbH, AIDA Cruises – German Branch of Costa Crociere S. p. A. and Phoenix Reisen GmbH.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Sea & Coastal Passenger Water Transport industry in Germany.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Sea & Coastal Passenger Water Transport industry in Germany.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Sea & Coastal Passenger Water Transport industry in Germany.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Sea & Coastal Passenger Water Transport industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Sea & Coastal Passenger Water Transport industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Sea & Coastal Passenger Water Transport industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Sea & Coastal Passenger Water Transport industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Sea & Coastal Passenger Water Transport industry in Germany.
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Frequently Asked Questions
What is the market size of the Sea & Coastal Passenger Water Transport industry in Germany in 2026?
The market size of the Sea & Coastal Passenger Water Transport industry in Germany is €3.3bn in 2026.
How many businesses are there in the Sea & Coastal Passenger Water Transport industry in Germany in 2024?
There are 125 businesses in the Sea & Coastal Passenger Water Transport industry in Germany, which has grown at a CAGR of 0.3 % between 2019 and 2024.
How may import tariffs affect the Sea & Coastal Passenger Water Transport industry in Germany?
The Sea & Coastal Passenger Water Transport industry in Germany is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Sea & Coastal Passenger Water Transport industry in Germany?
The Sea & Coastal Passenger Water Transport industry in Germany is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Sea & Coastal Passenger Water Transport industry in Germany grown or declined over the past 5 years?
The market size of the Sea & Coastal Passenger Water Transport industry in Germany has been declining at a CAGR of 6.7 % between 2019 and 2024.
What is the forecast growth of the Sea & Coastal Passenger Water Transport industry in Germany over the next 5 years?
Over the next five years, the Sea & Coastal Passenger Water Transport industry in Germany is expected to grow.
What are the biggest companies in the Sea & Coastal Passenger Water Transport industry in Germany?
The biggest companies operating in the Sea & Coastal Passenger Water Transport industry in Germany are TUI Cruises GmbH, AIDA Cruises – German Branch of Costa Crociere S. p. A. and Phoenix Reisen GmbH
What does the Sea & Coastal Passenger Water Transport industry in Germany include?
Cruises and Additional services in the cruise business are part of the Sea & Coastal Passenger Water Transport industry in Germany.
Which companies have the highest market share in the Sea & Coastal Passenger Water Transport industry in Germany?
The company holding the most market share in the Sea & Coastal Passenger Water Transport industry in Germany is TUI Cruises GmbH.
How competitive is the Sea & Coastal Passenger Water Transport industry in Germany?
The level of competition is moderate and increasing in the Sea & Coastal Passenger Water Transport industry in Germany.
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