The water bus market is projected to grow from USD 1.22 billion to USD 1.64 billion, at a CAGR of 5.1% during the forecast period from 2024 to 2030. The marine sector is growing rapidly due to factors such as increased international trade, technological advancements, and stringent environmental rules that encourage more effective and clean operations. The need for water transportation is driven by economic expansion and investments in coastal properties, particularly in emerging nations. Damen Shipyards Group (Netherlands), Icarus Marine (South Africa), Mavi Deniz Cevre Hiz A.S. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey) are some of the leading players operating in the water bus market.
Scope of the Report |
Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million) |
Segments | By Propulsion, Capacity, Operation and Region |
Regions covered | North America, Europe, APAC, RoW |
"The Intercity segment to account for largest market share in the water bus market during the forecast period."
The water bus market has been segmented into Intracity and Intercity based on operation. The Intercity segment will contribute to the largest market share in 2024. Intercity operation of water bus is a viable substitute for conventional road transportation and effectively alleviates urban congestion. The expansion of Intercity water bus services is also supported by the emphasis on environmentally friendly urban transportation options and expenditures in waterfront infrastructure.
"The 50-75 passenger segment is projected to grow at highest CAGR during the forecast period."
The water bus market has been segmented into <25 passenger, 26-50 passenger and 51-75 passenger on the basis of capacity. The 51-75 passenger segment of the water bus market is expected to grow at the fastest rate because it strikes the best balance between capacity and operational efficiency. This range of sizes is perfect for maneuvering through urban waterways and accommodating fluctuating passenger counts without the high expenses and spatial demands linked with larger boats. It gives operators the freedom to deliver dependable, regular services while skillfully controlling fuel and maintenance expenses. The 51-75 passenger water buses may also be easily integrated into current transit networks, effectively meeting both peak and off-peak demand. The necessity for effective, medium-capacity boats in urban settings and the increased emphasis on sustainable transportation solutions fuel demand for this segment market.
"The European region is projected to lead the market during the forecast period."
Europe is poised to lead the water bus market due to several key factors. A number of variables, including a large number of metropolitan waterways, sophisticated infrastructure, and strong support for environmentally friendly transportation options, the European market is expected to lead the water bus market. Well-established water transport networks in European cities like Venice, Amsterdam, and London combine water buses with more extensive public transportation systems, increasing their usefulness and popularity. Furthermore, the strict emission rules of the region, investments in green technology, such as electric and hybrid water buses, are driven by Europe's commitment to environmental sustainability. The need for water buses is further increased by the huge volume of tourists and the growing attention being paid to lowering urban congestion. These factors establish Europe as a leader in the water sector, together with significant public and private investments in waterfront infrastructure and creative transportation options.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type: Tier 1-40%; Tier 2-40%; and Tier 3-20%
- By Designation: C Level-35%; Directors-25%; and Others-40%
- By Region: North America-30%; Europe-10%; Asia Pacific-40%; Middle East-10%; Latin America -5% and Africa -5%
Damen Shipyards Group (Netherlands), Icarus Marine (South Africa), Mavi Deniz Cevre Hiz A.S. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey) are some of the leading players operating in the water bus market .
Research Coverage
The study covers the water bus market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on propulsion, capacity, operation and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Key benefits of buying this report:
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aircraft cabin interiors market and its subsegments. The report covers the entire ecosystem of the water bus market . It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers and factors, such as increasing consumer preference for high-quality water bus services, rising global traffic need that could contribute to an increase in water bus market .
- Market Development: Comprehensive information about lucrative markets - the report analyses the aircraft cabin interiors market across varied regions
- Market Diversification: Exhaustive information about new solutions, untapped geographies, recent developments, and investments in aircraft cabin interiors market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Damen Shipyards Group (Netherlands), Icarus Marine (South Africa), Mavi Deniz Cevre Hiz A.S. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey) among others in the water bus market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 INCLUSIONS & EXCLUSIONS
- 1.4 YEARS CONSIDERED
- 1.5 CURRENCY CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.2 FACTOR ANALYSIS
- 2.2.1 INTRODUCTION
- 2.2.2 DEMAND-SIDE INDICATORS
- 2.2.3 SUPPLY-SIDE ANALYSIS
- 2.3 MARKET SIZE ESTIMATION
- 2.4 RESEARCH APPROACH AND METHODOLOGY
- 2.4.1 BOTTOM-UP APPROACH
- 2.4.1.1 Market estimation steps
- 2.4.2 TOP-DOWN APPROACH
- 2.5 DATA TRIANGULATION
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RISK ASSESSMENT
- 2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WATER BUS MARKET
- 4.2 WATER BUS MARKET, BY PROPULSION
- 4.3 WATER BUS MARKET, BY CAPACITY
- 4.4 WATER BUS MARKET, BY OPERATION
- 4.5 WATER BUS MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Need for alternative travel options due to growing urbanization and population
- 5.2.1.2 Growing water tourism industry
- 5.2.1.3 Rise in government initiatives and funding for sustainable and innovative transportation solutions
- 5.2.1.4 Enhanced urban mobility strategies
- 5.2.1.5 Growth in technological advancements
- 5.2.2 RESTRAINTS
- 5.2.2.1 Stringent regulatory and safety standards
- 5.2.2.2 Limited coverage and accessibility
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Modernization and expansion of waterfront infrastructure
- 5.2.3.2 Increasing focus on sustainability
- 5.2.4 CHALLENGES
- 5.2.4.1 Need for high investments
- 5.2.4.2 Supply chain disruptions in marine industry
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.4 VALUE CHAIN ANALYSIS
- 5.4.1 RESEARCH & DEVELOPMENT
- 5.4.2 RAW MATERIALS
- 5.4.3 COMPONENT/PRODUCT MANUFACTURERS (OEMS)
- 5.4.4 ASSEMBLERS & INTEGRATORS
- 5.4.5 END USERS
- 5.5 ECOSYSTEM ANALYSIS
- 5.5.1 PROMINENT COMPANIES
- 5.5.2 PRIVATE AND SMALL ENTERPRISES
- 5.5.3 END USERS
- 5.6 MACROECONOMIC OUTLOOK
- 5.6.1 INTRODUCTION
- 5.6.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
- 5.6.3 EUROPE: MACROECONOMIC OUTLOOK
- 5.6.4 ASIA PACIFIC: MACROECONOMIC OUTLOOK
- 5.6.5 MIDDLE EAST: MACROECONOMIC OUTLOOK
- 5.6.6 LATIN AMERICA & AFRICA: MACROECONOMIC OUTLOOK
- 5.7 PRICING ANALYSIS
- 5.7.1 AVERAGE SELLING PRICE, BY PROPULSION AND CAPACITY
- 5.7.2 INDICATIVE PRICING ANALYSIS, BY PROPULSION
- 5.8 REGULATORY LANDSCAPE
- 5.9 TRADE ANALYSIS
- 5.9.1 IMPORT SCENARIO OF CRUISE SHIPS, EXCURSION BOATS, FERRYBOATS, CARGO SHIPS, BARGES, AND SIMILAR VESSELS
- 5.9.2 EXPORT SCENARIO OF CRUISE SHIPS, EXCURSION BOATS, FERRYBOATS, CARGO SHIPS, BARGES, AND SIMILAR VESSELS
- 5.10 TECHNOLOGY ANALYSIS
- 5.10.1 KEY TECHNOLOGIES
- 5.10.1.1 Electric and hybrid propulsion systems
- 5.10.1.2 Advanced navigation systems
- 5.10.2 COMPLEMENTARY TECHNOLOGIES
- 5.10.2.1 Automated docking systems
- 5.10.2.2 Advanced safety and security systems
- 5.11 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.11.2 BUYING CRITERIA
- 5.12 USE CASES
- 5.12.1 MODERNIZING CITY TRANSIT WITH HIGH-SPEED, DOUBLE-DECKER PASSENGER FERRY
- 5.12.2 WATERTAXI OPERATION SYSTEMS (WOS) FOR WATERTAXI ROTTERDAM
- 5.12.3 ENHANCEMENT OF COMMUNICATION OF WATER TAXIS
- 5.13 KEY CONFERENCES & EVENTS, 2024-2025
- 5.14 INVESTMENTS AND FUNDING SCENARIO
- 5.15 TOTAL COST OF OWNERSHIP
- 5.16 BUSINESS MODELS
- 5.17 BILL OF MATERIALS
- 5.18 IMPACT OF GENERATIVE AI ON WATER BUS MARKET
- 5.18.1 INTRODUCTION
- 5.18.2 ADOPTION OF AI IN MARINE BY TOP COUNTRIES
- 5.18.3 IMPACT OF AI ON MARINE SECTOR: USE CASES
- 5.18.4 IMPACT OF AI ON WATER BUS MARKET
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 TECHNOLOGY TRENDS
- 6.2.1 ELECTRIC AND HYBRID PROPULSION SYSTEMS
- 6.2.2 ADVANCED NAVIGATION SYSTEMS
- 6.2.3 SMART CONTROL SYSTEMS
- 6.2.4 AUTONOMOUS AND SEMI-AUTONOMOUS TECHNOLOGIES
- 6.2.5 DIGITAL TWIN SYSTEMS
- 6.2.6 AUTOMATED DOCKING SYSTEMS
- 6.3 MEGATRENDS AND THEIR IMPACT ON WATER BUS MARKET
- 6.3.1 DIGITALIZATION AND ARTIFICIAL INTELLIGENCE (AI)
- 6.3.2 ADVANCED MATERIALS AND MANUFACTURING TECHNOLOGIES
- 6.3.3 BIG DATA ANALYTICS
- 6.3.4 ENVIRONMENTAL MONITORING SYSTEMS
- 6.4 SUPPLY CHAIN ANALYSIS
- 6.5 PATENT ANALYSIS
7 WATER BUS MARKET, BY CAPACITY
- 7.1 INTRODUCTION
- 7.2 <25 PAX
- 7.2.1 CHANGING PASSENGER DEMANDS AND OPERATIONAL REQUIREMENTS TO DRIVE MARKET
- 7.3 25-50 PAX
- 7.3.1 NEED FOR LOW OPERATIONAL AND MAINTENANCE COSTS TO BOOST DEMAND
- 7.4 51-70 PAX
- 7.4.1 NEED FOR EASE OF MANEUVERABILITY TO SPUR DEMAND
8 WATER BUS MARKET, BY OPERATION
- 8.1 INTRODUCTION
- 8.2 INTERCITY
- 8.2.1 GROWING URBANIZATION AND INCREASED TRAFFIC TO DRIVE MARKET GROWTH
- 8.3 INTRA CITY
- 8.3.1 NEED FOR ENHANCED SHORT-HAUL TRANSPORT SERVICES TO DRIVE DEMAND FOR INTRACITY OPERATIONS
9 WATER BUS MARKET, BY PROPULSION
- 9.1 INTRODUCTION
- 9.1.1 FULLY ELECTRIC
- 9.1.1.1 Increasing demand for sustainable transportation to drive demand for fully electric water buses
- 9.1.2 FUEL POWERED
- 9.1.2.1 Low initial cost of fuel-powered water buses to boost their popularity
- 9.1.3 HYBRID ELECTRIC
- 9.1.3.1 Hybrid electric water buses use electric and combustion engines to optimize energy use
10 WATER BUS MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 NORTH AMERICA: PESTLE ANALYSIS
- 10.2.2 US
- 10.2.2.1 Growth in recreational sea transport to drive market
- 10.2.3 CANADA
- 10.2.3.1 Rising emphasis on sustainable transportation to spur demand for water buses
- 10.3 EUROPE
- 10.3.1 EUROPE: PESTLE ANALYSIS
- 10.3.2 UK
- 10.3.2.1 Presence of major network of inland waterways to drive market
- 10.3.3 FRANCE
- 10.3.3.1 Increased investment in R&D to drive market
- 10.3.4 FRANCE
- 10.3.4.1 Increased demand for recreational boating to boost market
- 10.3.5 DENMARK
- 10.3.5.1 Increasing environmental concerns and focus on sustainability to drive market
- 10.3.6 NORWAY
- 10.3.6.1 International maritime organization rule implementation to drive market
- 10.3.7 ITALY
- 10.3.7.1 Increasing urban mobility and sustainability concerns to boost growth
- 10.3.8 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 ASIA PACIFIC: PESTLE ANALYSIS
- 10.4.2 CHINA
- 10.4.2.1 Initiatives to promote waterfront infrastructure to drive market
- 10.4.3 INDIA
- 10.4.3.1 Growth of maritime industry to boost market
- 10.4.4 JAPAN
- 10.4.4.1 Growth of shipbuilding industry to drive market
- 10.4.5 SOUTH KOREA
- 10.4.5.1 Emission control regulations to positively impact water bus market
- 10.4.5.2 Rest of Asia Pacific
- 10.5 MIDDLE EAST
- 10.5.1 MIDDLE EAST: PESTLE ANALYSIS
- 10.5.2 GULF COOPERATION COUNCIL (GCC)
- 10.5.2.1 UAE
- 10.5.2.1.1 Increasing development of waterfronts and canals to drive market
- 10.5.2.2 Saudi Arabia
- 10.5.2.2.1 Increasing affordability and ease of travel to drive demand
- 10.5.3 REST OF MIDDLE EAST
- 10.6 LATIN AMERICA & AFRICA
- 10.6.1 LATIN AMERICA & AFRICA: PESTLE ANALYSIS
- 10.6.2 BRAZIL
- 10.6.2.1 Development of smart ports to drive market
- 10.6.3 MEXICO
- 10.6.3.1 Rise in urban populations and growth in tourism to drive growth
- 10.6.4 AFRICA
- 10.6.4.1 Launch of African Marine Autonomous Research Initiative (AMARI) to boost market
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 11.3 MARKET SHARE ANALYSIS
- 11.4 REVENUE ANALYSIS
- 11.5 BRAND COMPARISON
- 11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 11.6.1 STARS
- 11.6.2 EMERGING LEADERS
- 11.6.3 PERVASIVE PLAYERS
- 11.6.4 PARTICIPANTS
- 11.7 COMPANY FOOTPRINT
- 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 11.8.1 PROGRESSIVE COMPANIES
- 11.8.2 RESPONSIVE COMPANIES
- 11.8.3 DYNAMIC COMPANIES
- 11.8.4 STARTING BLOCKS
- 11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 11.9 COMPETITIVE SCENARIO
- 11.10 DEALS
- 11.11 OTHER DEVELOPMENTS
12 COMPANY PROFILES
- 12.1 INTRODUCTION
- 12.2 KEY PLAYERS
- 12.2.1 DAMEN SHIPYARDS GROUP
- 12.2.1.1 Business overview
- 12.2.1.2 Products/Solutions/Services offered
- 12.2.1.3 Recent developments
- 12.2.1.3.1 Deals
- 12.2.1.3.2 Other developments
- 12.2.1.4 MnM view
- 12.2.1.4.1 Key strengths
- 12.2.1.4.2 Strategic choices
- 12.2.1.4.3 Weaknesses & competitive threats
- 12.2.2 MAVI DENIZ CEVRE HIZ A.S.
- 12.2.2.1 Business overview
- 12.2.2.2 Products/Solutions/Services offered
- 12.2.2.3 MnM view
- 12.2.2.3.1 Key strengths
- 12.2.2.3.2 Strategic choices
- 12.2.2.3.3 Weaknesses & competitive threats
- 12.2.3 ARES SHIPYARD INC.
- 12.2.3.1 Business overview
- 12.2.3.2 Products/Solutions/Services offered
- 12.2.3.3 MnM view
- 12.2.3.3.1 Key strengths
- 12.2.3.3.2 Strategic choices made
- 12.2.3.3.3 Weaknesses & competitive threats
- 12.2.4 ICARUS MARINE (PTY) LTD.
- 12.2.4.1 Business overview
- 12.2.4.2 Products/Solutions/Services offered
- 12.2.4.3 MnM view
- 12.2.4.3.1 Key strengths
- 12.2.4.3.2 Strategic choices made
- 12.2.4.3.3 Weaknesses & competitive threats
- 12.2.5 INCAT CROWTHER
- 12.2.5.1 Business overview
- 12.2.5.2 Products/Solutions/Services offered
- 12.2.5.2.1 Other developments
- 12.2.5.3 MnM view
- 12.2.5.3.1 Key strengths
- 12.2.5.3.2 Strategic choices
- 12.2.5.3.3 Weaknesses & competitive threats
- 12.2.6 NAVALT
- 12.2.6.1 Business overview
- 12.2.6.2 Products/Solutions/Services offered
- 12.2.7 MUNSON BOATS
- 12.2.7.1 Business overview
- 12.2.7.2 Products/Solutions/Services offered
- 12.2.8 QUER BARCELONA
- 12.2.8.1 Business overview
- 12.2.8.2 Products/Solutions/Services offered
- 12.2.9 ENP, S.A.
- 12.2.9.1 Business overview
- 12.2.9.2 Products/Solutions/Services offered
- 12.2.10 LITMUS MARINE
- 12.2.10.1 Business overview
- 12.2.10.2 Products/Solutions/Services offered
- 12.2.11 CANDELA
- 12.2.11.1 Business overview
- 12.2.11.2 Products/Solutions/Services offered
- 12.2.11.3 Recent developments
- 12.2.12 SWEDE SHIP
- 12.2.12.1 Business overview
- 12.2.12.2 Products/Solutions/Services offered
- 12.2.13 QINGDAO GRANDSEA BOAT CO., LTD
- 12.2.13.1 Business overview
- 12.2.13.2 Products/Solutions/Services offered
- 12.2.14 MERCAN YACHTING
- 12.2.14.1 Business overview
- 12.2.14.2 Products/Solutions/Services offered
- 12.2.15 STREAMLINE MARINE COMPOSITE DEVELOPMENTS LTD.
- 12.2.15.1 Business overview
- 12.2.15.2 Products/Solutions/Services offered
- 12.3 OTHER PLAYERS
- 12.3.1 METAL SHARK
- 12.3.2 SEABUBBLES
- 12.3.3 WATERBUS
- 12.3.4 ARTEMIS TECHNOLOGIES
- 12.3.5 WILLARD MARINE INC.
- 12.3.6 HYKE (HYDROLIFT SMART CITY FERRIES AS)
- 12.3.7 SWIMBUS
- 12.3.8 SMART OWN
- 12.3.9 MS BOAT
- 12.3.10 LONG BEACH TRANSIT
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS