Water Taxi Market Size, Global Demand and Productions

Water Taxi Market Size, Growth with Logistics & Distribution Solutions

The water taxi market size is projected to reach USD 23.55 billion by 2034, growing from USD 16.63 billion in 2025, at a CAGR of 3.94% during the forecast period from 2025 to 2034.

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Water Taxi Market Overview

The water taxi market is a crucial branch of the waterways industry. This industry deals in manufacturing and distribution of water taxis in different parts of the globe. There are numerous products available in this market consisting of yachts, cruise, ferries, sail boats and some others. These taxis are powered by different types of propulsions such as electric, diesel and hybrid. It is found in different lengths comprising of upto 10 m and above 10 m. The rising length of inland waterways in different parts of the world has contributed significantly to the industrial expansion. This market is expected to rise significantly with the growth in the water transportation sector across the world.

• According to the UNECE, Belarus had 2112 kms of inland waterways in 2020 that increased to 2135 kms in 2023.

Highlights of the Water Taxi Market

• North America dominated the water taxi market due to the rapid urbanization in cities such as Seattle, New York, and Miami.
• Asia Pacific is expected to grow with a notable CAGR due to the rising emphasis on developing the water transportation sector.
• The ferries segment held the largest share of the market due to the growing trend of ferries in urban areas and tourist hotspots.
• The diesel segment led the market due to the increasing demand for diesel-based vessels due to lack of electric infrastructure in several regions along with moderate price of diesel across the world.

Stats and Figures

• According to the statistics of Inland Water Transport 2022-23, the maximum length of waterways in India is the state of Assam with 7988.37 kms.
• According to the Waterways council, the United States’ inland waterway system consists of roughly 12,000 miles of rivers.’
• According to the UNECE, the length of inland waterways in France was 8507 kilometers in 2023.
• According to the Economic Times, the government of India announced to invest around Rs 50000 crores for developing the inland waterways in India.

Industry Leader Announcement

In December 2024, Wali Mohammad Bhatt, the president of Shikara Owners Association made an announcement stating that, “Uber's service will benefit shikara operators by enabling boat bookings through the app at fixed rates, eliminating the need for bargaining and providing convenience to tourists. This system will also ensure a steady income for the operators. We anticipate more shikara owners joining Uber based on the tourists' response".

Competitive Landscape

The water taxi market is a consolidated industry with the presence of numerous dominant players. Some of the prominent market players in this industry consists of Azimut Benetti, Austal, Disney Cruise Line, Royal Caribbean Group and some others. These market players are constantly engaged in developing advanced water taxis and adopting several strategies to maintain their dominance in this industry.

• According to the annual report of Azimut Benetti, the revenue of the shipyard segment in 2020/21 was 840 million euros that increased to 1300 million euros during 2023/24.

Market Segmentations

By Product

• Yachts
• Cruise
• Ferries
• Sail Boats

By Propulsion Outlook

• Electric
• Diesel
• Hybrid

By Regional

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa