The Water Passenger Transport industry operates in coastal sea lanes and along inland waterways. The industry provides port-to-port transport services for domestic travellers, commuters and leisure travellers. In 2015-16, the industry is estimated to be worth $1.2 billion, up 3.6% on the previous year. Revenue is expected to increase at an annualised 2.0% over the five years through 2015-16, driven by growth in the cruise segment and the capacity of inner city ferries.
The industry has three main segments of activity. Each is dominated by major players, due to legislated monopolies and the large-scale capital requirements necessary for operation in the industry.
The industry operates vessels for the transport of passengers from one destination to another by water. Industry services are provided within Australian coastal waters and using industry crew. Major industry activities include cruise services, passenger ferry services and vehicular ferry services. Water passenger transport activities that do not transport passengers between destinations, such as sightseeing services, are excluded from the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.