Summary

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 Çevre Hiz A.Ş. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey) are some of the leading players operating in the water bus market. “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 Çevre Hiz A.Ş. (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 Çevre Hiz A.Ş. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey) among others in the water bus market.

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Table of Contents

1 INTRODUCTION 21 1.1 STUDY OBJECTIVES 21 1.2 MARKET DEFINITION 21 1.3 STUDY SCOPE 22 1.3.1 MARKET SEGMENTATION 22 1.3.2 INCLUSIONS & EXCLUSIONS 22 1.4 YEARS CONSIDERED 23 1.5 CURRENCY CONSIDERED 23 1.6 STAKEHOLDERS 24 2 RESEARCH METHODOLOGY 25 2.1 RESEARCH DATA 25 2.1.1 SECONDARY DATA 26 2.1.1.1 Key data from secondary sources 27 2.1.2 PRIMARY DATA 28 2.1.2.1 Key data from primary sources 28 2.2 FACTOR ANALYSIS 29 2.2.1 INTRODUCTION 29 2.2.2 DEMAND-SIDE INDICATORS 29 2.2.3 SUPPLY-SIDE ANALYSIS 29 2.3 MARKET SIZE ESTIMATION 30 2.4 RESEARCH APPROACH AND METHODOLOGY 30 2.4.1 BOTTOM-UP APPROACH 30 2.4.1.1 Market estimation steps 30 2.4.2 TOP-DOWN APPROACH 31 2.5 DATA TRIANGULATION 32 2.6 RESEARCH ASSUMPTIONS 33 2.7 RISK ASSESSMENT 33 2.8 RESEARCH LIMITATIONS 34 3 EXECUTIVE SUMMARY 35 4 PREMIUM INSIGHTS 38 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WATER BUS MARKET 38 4.2 WATER BUS MARKET, BY PROPULSION 38 4.3 WATER BUS MARKET, BY CAPACITY 39 4.4 WATER BUS MARKET, BY OPERATION 39 4.5 WATER BUS MARKET, BY COUNTRY 40 5 MARKET OVERVIEW 41 5.1 INTRODUCTION 41 5.2 MARKET DYNAMICS 41 5.2.1 DRIVERS 42 5.2.1.1 Need for alternative travel options due to growing urbanization and population 42 5.2.1.2 Growing water tourism industry 42 5.2.1.3 Rise in government initiatives and funding for sustainable and innovative transportation solutions 42 5.2.1.4 Enhanced urban mobility strategies 43 5.2.1.5 Growth in technological advancements 43 5.2.2 RESTRAINTS 43 5.2.2.1 Stringent regulatory and safety standards 43 5.2.2.2 Limited coverage and accessibility 44 5.2.3 OPPORTUNITIES 44 5.2.3.1 Modernization and expansion of waterfront infrastructure 44 5.2.3.2 Increasing focus on sustainability 44 5.2.4 CHALLENGES 45 5.2.4.1 Need for high investments 45 5.2.4.2 Supply chain disruptions in marine industry 45 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 46 5.4 VALUE CHAIN ANALYSIS 46 5.4.1 RESEARCH & DEVELOPMENT 47 5.4.2 RAW MATERIALS 47 5.4.3 COMPONENT/PRODUCT MANUFACTURERS (OEMS) 47 5.4.4 ASSEMBLERS & INTEGRATORS 48 5.4.5 END USERS 48 5.5 ECOSYSTEM ANALYSIS 48 5.5.1 PROMINENT COMPANIES 48 5.5.2 PRIVATE AND SMALL ENTERPRISES 48 5.5.3 END USERS 48 5.6 MACROECONOMIC OUTLOOK 50 5.6.1 INTRODUCTION 50 5.6.2 NORTH AMERICA: MACROECONOMIC OUTLOOK 50 5.6.3 EUROPE: MACROECONOMIC OUTLOOK 51 5.6.4 ASIA PACIFIC: MACROECONOMIC OUTLOOK 51 5.6.5 MIDDLE EAST: MACROECONOMIC OUTLOOK 51 5.6.6 LATIN AMERICA & AFRICA: MACROECONOMIC OUTLOOK 52 5.7 PRICING ANALYSIS 52 5.7.1 AVERAGE SELLING PRICE, BY PROPULSION AND CAPACITY 52 5.7.2 INDICATIVE PRICING ANALYSIS, BY PROPULSION 53 5.8 REGULATORY LANDSCAPE 54 5.9 TRADE ANALYSIS 57 5.9.1 IMPORT SCENARIO OF CRUISE SHIPS, EXCURSION BOATS, FERRYBOATS, CARGO SHIPS, BARGES, AND SIMILAR VESSELS 57 5.9.2 EXPORT SCENARIO OF CRUISE SHIPS, EXCURSION BOATS, FERRYBOATS, CARGO SHIPS, BARGES, AND SIMILAR VESSELS 59 5.10 TECHNOLOGY ANALYSIS 60 5.10.1 KEY TECHNOLOGIES 60 5.10.1.1 Electric and hybrid propulsion systems 60 5.10.1.2 Advanced navigation systems 60 5.10.2 COMPLEMENTARY TECHNOLOGIES 61 5.10.2.1 Automated docking systems 61 5.10.2.2 Advanced safety and security systems 61 5.11 KEY STAKEHOLDERS & BUYING CRITERIA 61 5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 61 5.11.2 BUYING CRITERIA 62 5.12 USE CASES 63 5.12.1 MODERNIZING CITY TRANSIT WITH HIGH-SPEED, DOUBLE-DECKER PASSENGER FERRY 63 5.12.2 WATERTAXI OPERATION SYSTEMS (WOS) FOR WATERTAXI ROTTERDAM 63 5.12.3 ENHANCEMENT OF COMMUNICATION OF WATER TAXIS 63 5.13 KEY CONFERENCES & EVENTS, 2024–2025 64 5.14 INVESTMENTS AND FUNDING SCENARIO 64 5.15 TOTAL COST OF OWNERSHIP 65 5.16 BUSINESS MODELS 66 5.17 BILL OF MATERIALS 67 5.18 IMPACT OF GENERATIVE AI ON WATER BUS MARKET 69 5.18.1 INTRODUCTION 69 5.18.2 ADOPTION OF AI IN MARINE BY TOP COUNTRIES 70 5.18.3 IMPACT OF AI ON MARINE SECTOR: USE CASES 71 5.18.4 IMPACT OF AI ON WATER BUS MARKET 73 6 INDUSTRY TRENDS 76 6.1 INTRODUCTION 76 6.2 TECHNOLOGY TRENDS 76 6.2.1 ELECTRIC AND HYBRID PROPULSION SYSTEMS 76 6.2.2 ADVANCED NAVIGATION SYSTEMS 77 6.2.3 SMART CONTROL SYSTEMS 77 6.2.4 AUTONOMOUS AND SEMI-AUTONOMOUS TECHNOLOGIES 78 6.2.5 DIGITAL TWIN SYSTEMS 78 6.2.6 AUTOMATED DOCKING SYSTEMS 78   6.3 MEGATRENDS AND THEIR IMPACT ON WATER BUS MARKET 79 6.3.1 DIGITALIZATION AND ARTIFICIAL INTELLIGENCE (AI) 79 6.3.2 ADVANCED MATERIALS AND MANUFACTURING TECHNOLOGIES 79 6.3.3 BIG DATA ANALYTICS 79 6.3.4 ENVIRONMENTAL MONITORING SYSTEMS 79 6.4 SUPPLY CHAIN ANALYSIS 80 6.5 PATENT ANALYSIS 81 7 WATER BUS MARKET, BY CAPACITY 85 7.1 INTRODUCTION 86 7.2 <25 PAX 87 7.2.1 CHANGING PASSENGER DEMANDS AND OPERATIONAL REQUIREMENTS TO DRIVE MARKET 87 7.3 25–50 PAX 87 7.3.1 NEED FOR LOW OPERATIONAL AND MAINTENANCE COSTS TO BOOST DEMAND 87 7.4 51–70 PAX 87 7.4.1 NEED FOR EASE OF MANEUVERABILITY TO SPUR DEMAND 87 8 WATER BUS MARKET, BY OPERATION 88 8.1 INTRODUCTION 89 8.2 INTERCITY 90 8.2.1 GROWING URBANIZATION AND INCREASED TRAFFIC TO DRIVE MARKET GROWTH 90 8.3 INTRA CITY 90 8.3.1 NEED FOR ENHANCED SHORT-HAUL TRANSPORT SERVICES TO DRIVE DEMAND FOR INTRACITY OPERATIONS 90 9 WATER BUS MARKET, BY PROPULSION 91 9.1 INTRODUCTION 92 9.1.1 FULLY ELECTRIC 93 9.1.1.1 Increasing demand for sustainable transportation to drive demand for fully electric water buses 93 9.1.2 FUEL POWERED 93 9.1.2.1 Low initial cost of fuel-powered water buses to boost their popularity 93 9.1.3 HYBRID ELECTRIC 94 9.1.3.1 Hybrid electric water buses use electric and combustion engines to optimize energy use 94   10 WATER BUS MARKET, BY REGION 95 10.1 INTRODUCTION 96 10.2 NORTH AMERICA 97 10.2.1 NORTH AMERICA: PESTLE ANALYSIS 98 10.2.2 US 101 10.2.2.1 Growth in recreational sea transport to drive market 101 10.2.3 CANADA 103 10.2.3.1 Rising emphasis on sustainable transportation to spur demand for water buses 103 10.3 EUROPE 104 10.3.1 EUROPE: PESTLE ANALYSIS 104 10.3.2 UK 109 10.3.2.1 Presence of major network of inland waterways to drive market 109 10.3.3 FRANCE 110 10.3.3.1 Increased investment in R&D to drive market 110 10.3.4 FRANCE 111 10.3.4.1 Increased demand for recreational boating to boost market 111 10.3.5 DENMARK 113 10.3.5.1 Increasing environmental concerns and focus on sustainability to drive market 113 10.3.6 NORWAY 114 10.3.6.1 International maritime organization rule implementation to drive market 114 10.3.7 ITALY 115 10.3.7.1 Increasing urban mobility and sustainability concerns to boost growth 115 10.3.8 REST OF EUROPE 116 10.4 ASIA PACIFIC 118 10.4.1 ASIA PACIFIC: PESTLE ANALYSIS 118 10.4.2 CHINA 122 10.4.2.1 Initiatives to promote waterfront infrastructure to drive market 122 10.4.3 INDIA 123 10.4.3.1 Growth of maritime industry to boost market 123 10.4.4 JAPAN 124 10.4.4.1 Growth of shipbuilding industry to drive market 124 10.4.5 SOUTH KOREA 125 10.4.5.1 Emission control regulations to positively impact water bus market 125 10.4.5.2 Rest of Asia Pacific 127 10.5 MIDDLE EAST 128 10.5.1 MIDDLE EAST: PESTLE ANALYSIS 128 10.5.2 GULF COOPERATION COUNCIL (GCC) 132 10.5.2.1 UAE 132 10.5.2.1.1 Increasing development of waterfronts and canals to drive market 132 10.5.2.2 Saudi Arabia 133 10.5.2.2.1 Increasing affordability and ease of travel to drive demand 133 10.5.3 REST OF MIDDLE EAST 134 10.6 LATIN AMERICA & AFRICA 136 10.6.1 LATIN AMERICA & AFRICA: PESTLE ANALYSIS 136 10.6.2 BRAZIL 140 10.6.2.1 Development of smart ports to drive market 140 10.6.3 MEXICO 141 10.6.3.1 Rise in urban populations and growth in tourism to drive growth 141 10.6.4 AFRICA 142 10.6.4.1 Launch of African Marine Autonomous Research Initiative (AMARI) to boost market 142 11 COMPETITIVE LANDSCAPE 144 11.1 INTRODUCTION 144 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 144 11.3 MARKET SHARE ANALYSIS 145 11.4 REVENUE ANALYSIS 147 11.5 BRAND COMPARISON 148 11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 149 11.6.1 STARS 149 11.6.2 EMERGING LEADERS 149 11.6.3 PERVASIVE PLAYERS 149 11.6.4 PARTICIPANTS 149 11.7 COMPANY FOOTPRINT 151 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 156 11.8.1 PROGRESSIVE COMPANIES 156 11.8.2 RESPONSIVE COMPANIES 156 11.8.3 DYNAMIC COMPANIES 156 11.8.4 STARTING BLOCKS 156 11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 158 11.9 COMPETITIVE SCENARIO 159 11.10 DEALS 160 11.11 OTHER DEVELOPMENTS 160   12 COMPANY PROFILES 161 12.1 INTRODUCTION 161 12.2 KEY PLAYERS 161 12.2.1 DAMEN SHIPYARDS GROUP 161 12.2.1.1 Business overview 161 12.2.1.2 Products/Solutions/Services offered 162 12.2.1.3 Recent developments 162 12.2.1.3.1 Deals 162 12.2.1.3.2 Other developments 163 12.2.1.4 MnM view 163 12.2.1.4.1 Key strengths 163 12.2.1.4.2 Strategic choices 163 12.2.1.4.3 Weaknesses & competitive threats 163 12.2.2 MAVI DENIZ ÇEVRE HIZ A.Ş. 164 12.2.2.1 Business overview 164 12.2.2.2 Products/Solutions/Services offered 164 12.2.2.3 MnM view 165 12.2.2.3.1 Key strengths 165 12.2.2.3.2 Strategic choices 165 12.2.2.3.3 Weaknesses & competitive threats 165 12.2.3 ARES SHIPYARD INC. 166 12.2.3.1 Business overview 166 12.2.3.2 Products/Solutions/Services offered 166 12.2.3.3 MnM view 167 12.2.3.3.1 Key strengths 167 12.2.3.3.2 Strategic choices made 167 12.2.3.3.3 Weaknesses & competitive threats 167 12.2.4 ICARUS MARINE (PTY) LTD. 168 12.2.4.1 Business overview 168 12.2.4.2 Products/Solutions/Services offered 168 12.2.4.3 MnM view 169 12.2.4.3.1 Key strengths 169 12.2.4.3.2 Strategic choices made 169 12.2.4.3.3 Weaknesses & competitive threats 169 12.2.5 INCAT CROWTHER 170 12.2.5.1 Business overview 170 12.2.5.2 Products/Solutions/Services offered 170 12.2.5.2.1 Other developments 171 12.2.5.3 MnM view 171 12.2.5.3.1 Key strengths 171 12.2.5.3.2 Strategic choices 171 12.2.5.3.3 Weaknesses & competitive threats 171 12.2.6 NAVALT 172 12.2.6.1 Business overview 172 12.2.6.2 Products/Solutions/Services offered 172 12.2.7 MUNSON BOATS 174 12.2.7.1 Business overview 174 12.2.7.2 Products/Solutions/Services offered 174 12.2.8 QUER BARCELONA 177 12.2.8.1 Business overview 177 12.2.8.2 Products/Solutions/Services offered 177 12.2.9 ENP, S.A. 179 12.2.9.1 Business overview 179 12.2.9.2 Products/Solutions/Services offered 179 12.2.10 LITMUS MARINE 180 12.2.10.1 Business overview 180 12.2.10.2 Products/Solutions/Services offered 180 12.2.11 CANDELA 182 12.2.11.1 Business overview 182 12.2.11.2 Products/Solutions/Services offered 182 12.2.11.3 Recent developments 183 12.2.11.3.1 Deals 183 12.2.12 SWEDE SHIP 184 12.2.12.1 Business overview 184 12.2.12.2 Products/Solutions/Services offered 184 12.2.13 QINGDAO GRANDSEA BOAT CO., LTD 185 12.2.13.1 Business overview 185 12.2.13.2 Products/Solutions/Services offered 185 12.2.14 MERCAN YACHTING 186 12.2.14.1 Business overview 186 12.2.14.2 Products/Solutions/Services offered 186 12.2.15 STREAMLINE MARINE COMPOSITE DEVELOPMENTS LTD. 187 12.2.15.1 Business overview 187 12.2.15.2 Products/Solutions/Services offered 187 12.3 OTHER PLAYERS 188 12.3.1 METAL SHARK 188 12.3.2 SEABUBBLES 189 12.3.3 WATERBUS 190 12.3.4 ARTEMIS TECHNOLOGIES 191 12.3.5 WILLARD MARINE INC. 192 12.3.6 HYKE (HYDROLIFT SMART CITY FERRIES AS) 193 12.3.7 SWIMBUS 193 12.3.8 SMART OWN 194 12.3.9 MS BOAT 195 12.3.10 LONG BEACH TRANSIT 196 13 APPENDIX 197 13.1 DISCUSSION GUIDE 197 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 199 13.3 CUSTOMIZATION OPTIONS 201 13.4 RELATED REPORTS 201 13.5 AUTHOR DETAILS 203