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Industry revenue of »sea and coastal passenger water transport« in Norway 2011-2023

The industry revenues of sea and coastal passenger water transport in Norway are projected to grow from 1845.7 million U.S. dollars in 2011 to 2229.4 million U.S. dollars by 2023. Key reasons include the increased use of passenger ferries between the islands and the growth in sea and coastal freight transports. Additionally, a growth in tourism has led to an increased demand for cruises, which has further benefited the industry.

Water transport contributes to decongestion

Water transport helps to not only reduce congestion in urbanized areas, but also the investment in developing and maintaining bridges and tunnels. Therefore, the government is urging consumers to make increasing use of water transport services. In fact, in a joint initiative with the Norwegian university of science and technology, they have launched the ‘Zeabuz’- a zero emission sea bus which can carry 15-30 passengers at a time. The ferry service is expected to operate on-demand, 24 hours a day.

Industry revenue of »sea and coastal passenger water transport« in Norway from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Norway. The industry “sea and coastal passenger water transport“ has the code “H501“.

Details on the methodology can be found here.

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