Latest news with #StateoftheCruiseIndustry
Yahoo
22-05-2025
- Business
- Yahoo
New 2025 State of the Cruise Industry Report Shows Cruising is a Vibrant Tourism Sector Growing Steadily to Meet Rising Consumer Demand and Delivering Significant Global Economic Impact
Latest trends in cruising reveal a dynamic sector driven by a breadth of experiences The cruise industry continues to attract passengers of all ages, with Gen-X and Millennials leading the way. From family-friendly adventures to high-end cultural journeys, cruise lines are continuously innovating to fulfill the aspirations of global travelers. Steady and responsible industry growth continues with 37.7 million cruise passengers projected in 2025 and consumers showing strong intent to cruise – 82% of cruisers will cruise again and 68% of international travelers are considering taking their first cruise. With more than $168 billion in global economic impact and 1.6 million jobs supported, the value of cruise tourism to communities is clear. WASHINGTON, May 22, 2025 /PRNewswire/ -- Cruise Lines International Association (CLIA), the leading voice of the global cruise community, has released its annual State of the Cruise Industry report highlighting the industry's vibrancy driven by travel trends, diversity of cruising choices, and innovative travel experiences aligned with increasing consumer demand. "CLIA's 2025 State of the Cruise Industry report shows that cruising continues to be one of the most dynamic and resilient sectors in tourism, growing in line with strong demand for cruise holidays, particularly among younger generations and new-to-cruise travelers," said Bud Darr, president and CEO of CLIA. "The industry is also an essential economic driver, contributing over $168 billion to communities around the world, supporting 1.6 million jobs and investing tens of billions today in the sustainable fleet of the future." 2025 Trends Showcasing a Vibrant Travel Sector First-time cruisers are driving growth with 31% of passengers in the last two years being new to cruise, reflecting the sector's high satisfaction ratings and ability to attract new customers. Intent to cruise: 82% of those who have cruised plan to cruise again. Gen-X and Millennials are among the most enthusiastic cruisers, drawn to the variety of cruise experiences, ability to visit multiple destinations and value of a cruise holiday. Multi-generational travel: Cruise holidays offer experiences for all ages – nearly one third of cruise guests sail with three or more generations. Cruise travel earns higher satisfaction ratings compared to other holiday choices as shown in repeat factors – 25% of repeat cruisers sail two or more times per year; 14% of cruise travelers cruise twice a year; and 11% of cruisers take three to five cruises a year. Expedition and exploration cruises are the fastest-growing segments of cruise with 22% more passengers choosing these voyages in 2024 over 2023. Cruising Features Choice, Value, and Sustainability Variety of choice: With over 300 ocean-going cruise ships and thousands of itineraries to choose from, there is a cruise for everyone. From family-friendly adventures to high-end cultural experiences to expedition journeys, the cruise industry is constantly evolving to fulfill the interests and aspirations of travelers. Responsible tourism: Cruise guests book their trips well in advance and cruise companies reserve port calls a year or more in advance, demonstrating that cruise tourism is managed tourism. Cruise is pursuing a variety of sustainable alternative energy sources and investing in propulsion technologies with conversion capabilities that can be adapted for use of low-to-zero-emissions fuels once they are available at scale. By 2028, 50% of all new cruise ship capacity will have engines that can run on LNG/methanol and are able to switch to bio- or synthetic-LNG with little or no engine modifications. More than 61% of CLIA's fleet is equipped to be able to connect to onshore power, a figure set to reach 72% by 2028. Important Economic ContributorWhile only two percent of global tourism, the cruise sector has significant economic impact in communities around the world, generating over $168 billion in global economic impact in 2023 – the highest on record. In the U.S., the cruise industry supported over $65 billion in total economic impact in 2023, supporting 290,000 jobs and $25 billion in wages and salaries. In addition, the cruise industry's impact benefits communities around the world through local sourcing of goods and services, and spending before and after each cruise as 69% of passengers stay one or more nights in a hotel. Additionally, 6 in 10 cruisers return to a destination they first visited by cruise, extending the economic impact of cruising to communities well into the future. The global cruise industry welcomed 34.6 million cruise passengers in 2024, with 37.7 million expected in 2025. North America remains the top source market for cruise, with a 13% increase in 2024 over 2023. In 2024, Caribbean/Bahamas/Bermuda itineraries remained the most popular, with 43% of all cruise passengers sailing to the Caribbean in 2024, followed by the Mediterranean and other European destinations. CLIA member lines will welcome 11 new ships to the global fleet in 2025; 56 new CLIA member ocean-going ships are on order from 2025-2036, representing a $56.8 billion investment and proof of the confidence in cruising's future. To put the industry growth in context, over 70% of cruise ships are small to mid-size – both now and through the 2030 orderbook. To view the full 2025 State of the Cruise Industry Outlook report, visit here. See CLIA's full Contribution of Cruise Tourism to the Global Economy 2023 report here. About the Cruise Lines International Association (CLIA)Cruise Lines International Association (CLIA) is the preeminent cruise trade association, providing a unified voice for the industry and its members as the leading authority of the global cruise community. CLIA represents oceangoing member lines which comprise more than 90% of global cruise passenger capacity, including the world's most prestigious ocean, river, and specialty cruise lines, as well as a business community of leading ports, destinations, shipyards and maritime product and service providers, and the largest network of travel professionals who specialise in cruise travel. Together with its members and partners, CLIA supports policies and practices that foster safe, secure, healthy and sustainable cruise operations; tourism strategies that maximise the socioeconomic benefits of cruise travel; and technologies and innovations designed to support the industry's pursuit of net zero emissions by 2050. The organization's global headquarters are in Washington, DC, with regional offices located in North and South America, Europe, and Australasia. For more information, please visit or follow us on Facebook, Instagram, X (formerly Twitter), and YouTube with our handle @CLIAGlobal—or on LinkedIn. View original content to download multimedia: SOURCE Cruise Lines International Association (CLIA) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-03-2025
- Business
- Yahoo
Assessment of the $140 Billion Ballast Water Treatment Market, 2025-2034 - Tech Advancements and Regulatory Scrutiny Drive Innovation in Treatment Solutions
Wartsila Corporation, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, and Ecochlor Inc. Lead the Competitive Landscape Ballast Water Treatment Market Dublin, March 10, 2025 (GLOBE NEWSWIRE) -- The "Ballast Water Treatment Market Report 2025"has been added to offering. This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Asia-Pacific was the largest region in the ballast water treatment market share in 2024 and is expected to be the fastest-growing region in the forecast ballast water treatment market size has grown exponentially in recent years. It will grow from $104.97 billion in 2024 to $140.42 billion in 2025 at a compound annual growth rate (CAGR) of 33.8%. The growth in the historic period can be attributed to invasive species management, biodiversity conservation, public awareness, industry standardization, insurance and liability concerns. The ballast water treatment market size is expected to see exponential growth in the next few years. It will grow to $426.04 billion in 2029 at a compound annual growth rate (CAGR) of 32%. The growth in the forecast period can be attributed to growing global shipping fleet, market competitiveness, government incentives, public pressure and activism, focus on green shipping. Major trends in the forecast period include advancements in treatment technologies, retrofit installations and newbuilds, increased scrutiny on system performance, research and development for next-generation systems, increased awareness of invasive species impact, focus on cost-effective solutions, monitoring and reporting surge in attention towards preserving marine ecosystems from pollutants is a driving force behind the expansion of the ballast water treatment market. Combatting marine pollution is a global imperative, highlighted by the United Nations Environment Programme's June 2022 report, indicating a rapid increase in marine litter and plastic debris. Without substantial intervention, plastic emissions into aquatic environments are projected to nearly quadruple by 2040. Events like the United Nations Ocean Conference in Lisbon, Portugal, have amplified calls for a renewed international commitment to combat pollution, including addressing challenges in marine environments. Thus, the growing focus on preserving marine ecosystems from pollutants is expected to drive the growth of the ballast water treatment growth of the shipping industry is expected to drive the expansion of the ballast water treatment market in the coming years. For example, in April 2024, a State of the Cruise Industry report by the Cruise Lines International Association (CLIA), a US-based cruise trade association, revealed that an estimated 31.7 million cruise ships carried passengers in 2023, representing a 7% increase over the previous four years. Consequently, the rise in shipping activity is fueling the growth of the ballast water treatment advancements are emerging as a key trend in the ballast water treatment market. Leading companies are focusing on developing innovative solutions, such as ballast water management systems. For example, in October 2023, BIO-UV Group, a UK-based manufacturer of water purification and disinfection systems, introduced the BIO-SEA L01-0030 Mini, the smallest UV-based ballast water treatment system (BWTS) available. It is designed for use on workboats, yachts, research vessels, and offshore support vessels. This fully automated system combines filtration with UV treatment, catering to ballast water flow rates ranging from 13 m3/h to 30 m3/h (cubic meters per hour). With a compact skid footprint of just 1 m2 (square meter), the BIO-SEA L01-0030 Mini provides an efficient solution to meet the rising demand for ballast water treatment players in the ballast water treatment market are developing new technological products, such as the Manta filter, to boost profitability. Manta is engineered to quickly and economically clean polluted water, with the ability to convert pollutants like algae into renewable carbon-neutral biofuel. For instance, in July 2023, Wartsila Oyj Abp, a Finland-based manufacturer of power sources and other equipment, introduced the Manta filter. This filter features an innovative OneMotion scanner that cleans the screen in a single rotation, paired with a 25-micron smartweave screen, enhancing ballast water filtration. Its non-pleated design prevents silt from becoming trapped, ensuring there is no cake build-up across the April 2024, Optimarin AS, a Norwegian manufacturer of ballast water treatment systems, acquired the Hyde Marine brand from Italy's De Nora for an undisclosed amount. This acquisition aims to strengthen Optimarin's ballast water management capabilities, allowing the company to offer more advanced treatment solutions and improve compliance with environmental regulations, positioning itself for long-term growth in the competitive maritime industry. Hyde Marine, Inc. is an Italy-based manufacturer of ballast water treatment systems (BWTS) designed to prevent the spread of non-native aquatic species. Report Scope Markets Covered:1) by Technology: Physical Disinfection; Mechanical Method; Chemical Method2) by Capacity: Less Than 1,500 m3; 1,500-5,000 m3; More Than 5,000 m33) by Service: Installation and Calibration; Performance Measurement; Recommissioning4) by Ship Type: Container Ships; Dry Bulk Carriers; Tankers; General Cargos; Other Ship TypesSubsegments:1) by Physical Disinfection: Ultraviolet (UV) Treatment; Thermal Treatment; Filtration Methods2) by Mechanical Method: Centrifugation; Hydrocyclones; Settling Tanks3) by Chemical Method: Chlorination; Ozonation; Electrochlorination; Other Chemical TreatmentsKey Companies Profiled: Wartsila Corporation; Xylem Inc.; Evoqua Water Technologies LLC; Calgon Carbon Corporation; Ecochlor Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; SpainTime Series: Five years historic and ten years Ratios of market size and growth to related markets, GDP proportions, expenditure per Segmentation: Country and regional historic and forecast data, market share of competitors, market Attributes Report Attribute Details No. of Pages 200 Forecast Period 2025-2029 Estimated Market Value (USD) in 2025 $140.42 Billion Forecasted Market Value (USD) by 2029 $426.04 Billion Compound Annual Growth Rate 32% Regions Covered Global Some of the major companies featured in this Ballast Water Treatment market report include: Wartsila Corporation Xylem Inc. Evoqua Water Technologies LLC Calgon Carbon Corporation Ecochlor Inc. Alfa Laval AB GEA Group AG Hitachi Ltd. Veolia Water Technologies Norwegian Greentech AS ERMA FIRST ESK Engineering Solutions SA Industrie De Nora S.p.A. Atlantium Technologies Ltd. BIO-UV Group DESMI A/S JFE Engineering Corporation Mitsubishi Heavy Industries Ltd. PANASIA CO. LTD. BioMicrobics Inc. Wuxi Brightsky Electronic Co. Ltd. Hyde Marine Inc. TECO Technologies Inc. D2 Marine Solutions Boll Filter Corporation Aquarius Marine Coatings Ltd. Cathelco Ltd. Coldharbour Marine Ltd. Damen Green Solutions Filtertechnik Jager GmbH Hatenboer-Water B.V. Headway Technology Group Co. Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Ballast Water Treatment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
