Industry Statistics and Rankings
How does this industry perform in Belgium compared to Europe?
Country Benchmarking
Industry Data Belgium
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#16 In EuropeBusiness
#18 In EuropeEmployees
#17 In EuropeWages
#20 In EuropeSeaborne passenger transport companies have been wading through turbulent waters in recent years, rocked by COVID-19 and environmental challenges. Prior to the pandemic, cruise and ferry operators had enjoyed a promising period, with a growing market of passengers opting for seaborne transport – but this was brought to a dramatic end as the pandemic sent shockwaves through the industry. Revenue is forecast to dip at a compound annual rate of 8.0% over the five years through 2024 to €28.5 billion.
Enterprises
Number of businesses in 2024
Biggest companies in the Sea & Coastal Passenger Water Transport in Belgium
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
MSC Cruises GmbH | 3,783.9 | 609.2 | 16.1 | |
Ponant SARL | 189.7 | 23.0 | 12.1 |
Access statistics and analysis on all 2 companies with purchase. View purchase options.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sea & Coastal Passenger Water Transport industry in Belgium in 2024?
The market size of the Sea & Coastal Passenger Water Transport industry in Belgium is €222.5m in 2024.
How many businesses are there in the Sea & Coastal Passenger Water Transport in Belgium industry in 2024?
There are 68 businesses in the Sea & Coastal Passenger Water Transport industry in Belgium, which has grown at a CAGR of 4.3 % between 2019 and 2024.
Has the Sea & Coastal Passenger Water Transport industry in Belgium grown or declined over the past 5 years?
The market size of the Sea & Coastal Passenger Water Transport industry in Belgium has been growing at a CAGR of 25.9 % between 2019 and 2024.
What is the forecast growth of the Sea & Coastal Passenger Water Transport industry in Belgium over the next 5 years?
Over the next five years, the Sea & Coastal Passenger Water Transport industry in Belgium is expected to grow.
What are the biggest companies in the Sea & Coastal Passenger Water Transport market in Belgium?
The biggest companies operating in the Sea & Coastal Passenger Water Transport market in Belgium are MSC Cruises GmbH and Ponant SARL
What does the Sea & Coastal Passenger Water Transport in Belgium include?
Ferry services and Cruise services are part of the Sea & Coastal Passenger Water Transport industry.
Which companies have the highest market share in the Sea & Coastal Passenger Water Transport in Belgium?
The company holding the most market share in Belgium is MSC Cruises GmbH.
How competitive is the Sea & Coastal Passenger Water Transport industry in Belgium?
The level of competition is moderate and steady in the Sea & Coastal Passenger Water Transport industry in Belgium.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Passenger Air Transport in Belgium
Complementors
- Shipbuilding in Belgium
- Recreational Boat & Yacht building in Belgium
- Inland Freight Water Transport in Belgium
Table of Contents
About this industry
Industry definition
The industry includes the transport of passengers on vessels designed for operating on sea or coastal waters. This includes excursion, cruise or sightseeing boats; ferries and water taxis; and pleasure boats that are rented out with crew for sea or coastal transport.
Related Terms
SCRUBBER SYSTEM FUEL SURCHARGE BUNKER COSTSWhat's included in this industry?
Ferry services Cruise servicesCompanies
MSC Cruises GmbHPonant SARLIndustry Code
5011 - Sea and coastal passenger water transport in Belgium
View up to 2 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Sea & Coastal Passenger Water Transport in Belgium industry?
Outlook
Analysis
What's driving the Sea & Coastal Passenger Water Transport in Belgium industry outlook?
Volatility
Analysis
What influences volatility in the Sea & Coastal Passenger Water Transport in Belgium industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Sea & Coastal Passenger Water Transport in Belgium industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Cruise operators seek to appeal to younger customers. Traditionally associated with retirees, cruise companies have made a concerted effort to appeal to different demographics, particularly young families.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Sea & Coastal Passenger Water Transport in Belgium industry's products and services performing?
Analysis
What are innovations in the Sea & Coastal Passenger Water Transport in Belgium industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Sea & Coastal Passenger Water Transport in Belgium industry?
International Trade
Highlights
- Total Imports into Belgium
- Total Exports into Belgium
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Globally significant cruise and ferry operators dominate the market. Even though major multinational hold big market shares, opportunities remain for smaller companies operating on specific routes.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Sea & Coastal Passenger Water Transport in Belgium located?
Companies
Data Tables
Top 2 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
More stringent efficiency regulations necessitate significant investment. Cruise and passenger ferry operators have been forced to make modifications to their fleet in response to tightened environmental legislation.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Sea & Coastal Passenger Water Transport in Belgium industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability stays below its pre-COVID-19 level. Passenger numbers are recovering from pandemic-induced lows, supporting a return to profitability, but high fuel costs and ongoing economic uncertainty are keeping returns depressed.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Sea & Coastal Passenger Water Transport in Belgium industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain