The glacier cruises market is estimated to reach US$ 1.45 Billion in 2022. As per the report, sales are forecast to increase at a robust 3% CAGR, with the market valuation reaching US$ 1.95 Billion by 2032.
For those interested in glacier cruises, the most popular travel locations are Alaska, Canada, Norway, Sweden, Finland, and Iceland. Glacier cruises have developed into activities for people of all ages. The original target audience for these tours was senior citizens from western countries with extra time and money. Today, even families and children are selecting these non-conventional alternatives due to the spectacular beauty.
The millennial generation strongly favours travelling to uncommon and exciting locations. Cruises to glaciers frequently stop in remote, untouched locations. They give their customers exceptional experiences like witnessing sub-arctic species, flying in private planes to observe entire glacier ranges and river basins, and taking part in a range of sports like rafting, ATV excursions, and hiking.
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Top companies in the cruising sector are offering package solutions that include charter flights over stunning glaciers to reach the core regions that are challenging to cruise. This makes it possible for visitors to fully enjoy their glacier excursion. Expeditions to the glaciers are significantly hampered by the short season and uncertainty of the weather.
Global warming is one of the major restraints in the glacier cruises market. As the glaciers have started to melt at a much higher rate than the past years. This has caused a sense of panic amongst the tour providers and the local citizens as cruise tourism is one of the integral part of economy for a fair share of population. However the cruise companies are coming up with new technologies to improve the cruising and find more sustainable ways which causes minimum impact to the environment and the natural habitat in the region.
“Along with seniors, Millennials showing interest in glacier cruises and cruise companies taking efforts to deliver the best experience to the travellers will positively impact the Glacier Cruises Market” Says an FMI analyst.
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Key Takeaways:
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~80%.
- In terms of age group, demand in the age group from 46-55 years and 56-65 years will continue gaining traction through 2032.
- Based on packages, Glacier cruise travelers will continue to opt packaged deals over the normal travel deals.
- Glaciers will have rush in the span from spring to autumn i.e. May to September.
Key Players
- Princess Cruises
- MSC Cruises Company
- Silversea Cruises
- Star Clippers
- Carnival Cruises
- Celebrity Cruises
- G Expedition
- Discerning traveler
- Trafalgar
- Quark Expedition
- Aurora Expedition
- Cruiser Adio
Glacier Cruise Market by Category
By Cruise Destinations:
- Alaska
- Canada
- Antarctica
- Greenland
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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