Knot so fast: Competition from international cruise ships is slowing industry expansion

The Water Passenger Transport industry provides water-based transport on a variety of vessels and routes, including city-based ferries in harbours and rivers, boat and ship hire with crew, ferry services on longer routes, and cruise services. These services are typically provided to commuters, as well as domestic and international tourists. The industry does not include water-based transport services for sightseeing purposes. Industry firms are subject to competition from substitute services, such as low-cost air travel, and rail and road transport.Industry revenue is expected to grow at an annualised 3.6% over the five years through 2016-17, to $1.2 billion. This growth includes an expected 0.2% rise in the current year...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
3.6%
Forecast Growth 17-22
Profit
Employment
4,094
Businesses
262

Industry Threats & Opportunities

  • Firms are subject to competition from substitute services, such as rail and road transport
  • The industry's largest players are ferry operators that benefit from consistent demand
  • Competition from cheap airfares is likely to constrain growth for long-distance water transport
  • Industry Report - Industry Products Chapter

    Industry services involve transporting passengers across water. These services are segmented according to the type of vessel used, which dictates the kind of services provided to passengers. While cruise services between domestic ports, and between domestic and foreign ports are included in the industry, the bulk of these services are provided by large, international ocean cruise companies, such as Carnival Corporation & plc and Royal Caribbean Cruises Ltd. Although companies like Carnival have several ships stationed in Australia, they do not have subsidiaries incorporated domestically. As a result, they are not included in the industry. Their absence reduces the revenue generated from cruise services in the long-distance water transport segment...purchase to read more.

    Additional Insights for the Water Passenger Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Water Passenger Transport Industry are

  • Ability to alter capacity and services in favour of market conditions
  • Proximity to key markets
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as International travel to Australia and Domestic tourist visitor nights in the Water Passenger Transport industry impact industry performance..

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    What's in this report

    What is the Water Passenger Transport Industry?

    The industry operates vessels that transport passengers between destinations over water. Major industry activities include cruise services, passenger ferry services, vehicular ferry services and crewed boat hire. Water passenger transport activities that do not transport passengers between destinations, such as sightseeing services, are excluded from the industry.

    Industry Products
  • Boat hire with operator
  • Local water transport
  • Long-distance water transport
  • Industry Activities
  • Cruise services
  • Passenger ferry services
  • Vehicular ferry services
  • Water taxi services
  • Ship and boat charter (with crew)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • International travel to Australia
  • Domestic tourist visitor nights
  • Real household discretionary income
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Water Passenger Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Water Passenger Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Travel Agency and Tour Arrangement Services
  • Consumers

  • Key Selling Industries
  • Navigation, Towage and Services to Water Transport
  • Petroleum Product Wholesaling
  • Port Operators
  • Shipbuilding and Repair Services

  • Products & Services
  • Local water transport
  • Boat hire with operator
  • Long-distance water transport
  • Chart: Water Passenger Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Travellers aged between 35 and 55
  • Travellers aged over 55
  • Travellers aged under 35
  • Chart: Major Market Segmentation for the Water Passenger Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Water Passenger Transport

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Water Passenger Transport Industry

  • Industry Globalization
    Transdev Australasia Pty Ltd, SeaLink Travel Group Limited, TT-Line Company Pty Ltd,
  • Table: Transdev Australasia Pty Ltd - financial performance
  • Table: SeaLink Travel Group Limited - financial performance
  • Table: TT-Line Company Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Water Passenger Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Water Passenger Transport Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cruise Ship
  • Passenger ship used for leisure voyages, commonly providing accommodation and food services.
  • Ferry
  • A passenger ship providing transport in and around a city serving mainly commuter demand.
  • Vehicular Ferry
  • A ferry that can carry passengers and their vehicles.
  • Water Taxi
  • A ferry boat that takes passengers to a variety of possible destinations, instead of operating over a fixed route.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Water Passenger Transport market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Water Passenger Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Water Passenger Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Water Passenger Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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