Marine Seats Market by Ship Type (Commercial, Military), Seat Type (Captain Seats/Helm Seats, Crew Seats, Passenger Seats, General Seats), Component (Pedestal, Swivels, Slides & Seat Mounts), End User (OEM, Aftermarket), and Region - Global Forecast to 2025
[110 Pages Report] The marine seats market is estimated to be USD 1.9 billion in 2019 and is projected to reach USD 2.5 billion by 2025, at a CAGR of 4.7 % from 2019 to 2025. The increasing demand from leisure voyages and recreational boating activities worldwide are the major factors expected to drive the market for marine seats globally. Development of advanced and cost-effective marine seats for various ship types is an opportunity for companies in the market.
By ship type, the commercial ship type segment is expected to grow at the highest CAGR during the forecast period
Based on type, the market is segmented into commercial and military. The commercial segment is projected to grow at the highest CAGR during the forecast period. There will be a high demand for marine seats from commercial ship platforms such as the passenger ships and ferry segments. The increasing demand for commercial ships such as motorboats will drive the market for marine seats in the industry. This increase will be fueled by increasing interest for fishing, cruising, and recreational activities.
The OEM segment is expected to grow at a higher CAGR from 2019 to 2025.
Based on end user, the marine seats market has been segmented into OEM and aftermarket. The aftermarket segment is expected to generate a high demand due to the high rate of wear and tear and early replacement of marine seats in the industry. The rising per capita income of people and increasing number of people who can spend on recreational activities have resulted in the growing demand for the new ships.
The passenger segment is expected to account for the largest market share in the marine seats market in 2019.
Based on seat type, the marine seats market has been segmented into passenger seats, captain seats (helm seats), crew seats, and general seats. The general seats segment is expected to grow significantly due to the replacement marine seats in marine ships. The increasing interest of high-net-worth individuals in yachts and recreational motorboats and increasing cruising activities for leisure travel are expected to boost the demand for passenger seats.
The North American marine seats market is projected to grow at the highest CAGR during the forecast period in the.
The marine seats market has been growing at a significant rate, and this trend is expected to continue during the forecast period. development of advanced AND cost-effective marine seats and increasing demand for recreational boating and leisure voyages are some of the opportunities for the companies of the market.
Key Market Players
The major players in the marine seats market include West Marine (US), NorSap (Norway), TRESEA (China), Scott Seats (Scotland), and STIDD Systems (US). West Marine has an e-commerce portal for selling its vast and varied inventory of marine products. The company also acts as a distributor for small players to increase its product offerings as well as market share. It has approximately 5000 employees across the globe as of 2018. West Marine is a privately-held company and caters to the emerging needs of customers in recreational and commercial boating supplies and apparel sector.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172025 |
|
Base year considered |
2018 |
|
Forecast period |
20192025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
By Ship Type, Seat Type, Component, End User, and Region |
|
Geographies covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
West Marine (US), NorSap (Norway), Tresea (China), Ullman Dynamics (Sweden), Scott Seats (Scotland), and TEK Seatings (UK), among others |
This research report categorizes the marine seats market based on ship type, seat type, component, end user, and region.
Based on Application, the marine seats market has been segmented as follows:
- Commercial
- Military
Based on Ship Type, the marine seats market has been segmented as follows:
- Commercial
- Bulk Carriers
- Cruise Ships
- Passenger Ferries
- Dry Cargo Vessels
- Tankers
- Gas Tankers
- Research Vessels
- Dredgers
- Fishing Vessels
- Motor Boats
- Other (offshore supply vessels and other offshore vessels)
- Military
- Frigates
- Corvettes
- Destroyers
- Amphibious Ships
- Mine Sweepers
- Aircraft Carriers
- OPVs
- Submarines
- Others (missile carrying boats, supply boats, oil boats)
Based on End User, the marine seats market has been segmented as follows:
- OEM
- Aftermarket
- Marine Seats
- Marine Upholstery
Based on Seat Type, the marine seats market has been segmented as follows:
- Captain Seats/Helm Seats)
- Crew Seats
- Passenger Seats
- Motor Boat Passenger Seats
- General Seats
Based on Component, the marine seats market has been segmented as follows:
- Pedestal
- Base
- Swivels, Sliders & Seat Mounts
- Footrest
- Seat Cushions
- Others (accessories such as nuts, bolts, and fasteners)
Based on Region, the marine seats market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Recent Developments
- In August 2017, TRESEA received a contract from Austal, a global contractor, designer, and manufacturer of commercial ships, and another contract from a businessman for a 50-meter passenger ferry and a 30-meter passenger ferry.
Key Questions Addressed by the Report
- How will the drivers, challenges, and future opportunities for the marine seats market affect its dynamics and the subsequent market analysis of the associated trends?
- What are the key sustainability strategies adopted by leading players operating in the market?
- What are the new emerging technologies and use cases disrupting the industry?
- When are the high growth niche segments expected to impact the revenue mix of companies?
- Who are the key players and innovators in the partnership ecosystem?
- How is the competitive landscape changing in the client ecosystem?
Frequently Asked Questions (FAQ):
What are the major drivers and opportunities for the marine seats market?
Factors such as growth in the maritime tourism industry and increasing focus on procuring and upgrading naval military vessels are the factors contributing to the growth of the marine seats market. The booming maritime tourism, due to the year on year increase in seaborne passenger traffic, has resulted in more demand for new vessels such as cruises, yachts, and ferries. This has increased the procurement for marine seats and upholstery for new vessels. On the other hand, many commercial sea liners are increasing their existing passenger capacity. This has led to increasing demand for marine seats and upholstery, specifically for upgrading the existing ships, which in turn would contribute to the growth of the marine seats market further.
What are some key marine vessel platforms which are likely to witness higher demand in the coming years? How will increased demand for such platforms affect the market for marine seats?
Commercial marine platforms such as cruises, ferries, and motorboats will be the platforms, which will witness an increased demand in the coming years. This will be due to the increasing trend of sea tourism, growing tourist numbers year-on-year, and declining per tourist expenditures. These factors will result in the demand for more number of newer commercial platforms, which will eventually augment the demand for marine seats from new vessels.
Which platforms will drive the growth of the marine seats market in the next five years?
The commercial platform, such as the motorboats, is expected to drive the growth of the marine seats market in the next five years. The increasing trend for recreational activities and watersports will contribute to this growth in the next five years.
Which region is expected to witness the significant demand in the coming years for the marine seats market?
The major demand for marine seats and upholstery is expected to come from the motorboats segment. North America and Europe accounted for some of the biggest commercial motorboat manufacturers. Countries such as China and Japan also hold a competent manufacturing base for motorboats and are witnessing an increased demand for domestic recreational boating activities. North America, followed by Europe and Asia Pacific, will be the biggest contributor to increasing the demand for motorboats based marine seats market.
What are the upcoming technological trends in the marine seats market? How are these trends expected to shape future demand?
Lightweight and shock-absorbing seats are upcoming technological trends in the marine seats market. The future demand for marine seats will be fueled by the increasing trend for the usage of shock-mitigating seats in marine platforms used explicitly for military, law enforcement, commercial and recreational purposes. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Market Definition and Scope
2.3 Research Approach & Methodology
2.3.1 Bottom-Up Approach
2.3.1.1 Oem Market Approach
2.3.1.2 Aftermarket Approach
2.3.1.2.1 Commercial and Military Aftermarket
2.3.2 Top-Down Approach
2.4 Triangulation & Validation
2.4.1 Triangulation Through Secondary Research
2.4.2 Triangulation Through Primaries
2.5 Research Assumptions
2.5.1 Market Sizing and Market Forecasting
2.6 Risk Analysis
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in Marine Seats Market From 2019 to 2025
4.2 Marine Seats Market, By Material, 2019 & 2025
4.3 Marine Seats Market, By Commercial Ship Type
4.4 Marine Seats Market, By Region
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Demand for Fishing, for Consumption and Recreational Activities
5.2.2 Increasing Global Seaborne Trade
5.2.3 Rising Cruise Travel Worldwide
5.3 Opportunities
5.3.1 Increase in Defense Spending
5.4 Challenges
5.4.1 Rising Cost of Materials and Operations
6 Industry Trends (Page No. - 34)
6.1 Introduction
6.2 New Product Innovations in Marine Seats By Top Manufacturers, 20182019
6.2.1 Suspension Bases
6.3 Technology Trends
6.3.1 Advanced Upholstery Materials
6.3.2 Shock Mitigating Seats
7 Marine Seats Market, By Ship Type (Page No. - 36)
7.1 Introduction
7.2 Commercial
7.2.1 Bulk Carriers
7.2.1.1 Increasing Maritime Trade, Especially in Asia Pacific is Boosting the Demand for Bulk Carriers
7.2.2 Gas Tankers
7.2.2.1 Rising Demand for Oil & Gas From China and India is Increasing the Demand for Gas Tankers in Asia Pacific
7.2.3 Tankers
7.2.3.1 Increasing Fuel Requirements in Emerging Economies are Leading to Rise in Requirement for Tankers Equipped With Marine Seats
7.2.4 Cruises
7.2.4.1 Increasing Maritime Tourism is Driving the Demand for Cruises Equipped With Marine Seats
7.2.5 Passenger Ferries
7.2.5.1 Rising Use of Water-Based Public Transportation is Driving Demand for Marine Seats Equipped Passenger Ferries
7.2.6 Dry Cargo Ships
7.2.6.1 Increasing Global Maritime Trade is Fueling Demand for Dry Cargo Ships Equipped With Marine Seats
7.2.7 Research Vessels
7.2.7.1 Growing Oil & Gas Exploration and Fishing Activities are Increasing Demand for Research Vessels Equipped With Marine Seats
7.2.8 Dredgers
7.2.8.1 Increasing Upgradation in Sea Infrastructures Such as Canals, Anchorages, and Berthing Areas is Driving Demand for Dredgers Equipped With Marine Seats
7.2.9 Motorboats
7.2.9.1 Rising Recreational Activities are Expected to Drive Demand for Motorboats Equipped With Marine Seats
7.2.10 Others
7.3 Military
7.3.1 Aircraft Carriers
7.3.1.1 Upgradation of Aircraft Carriers With New Systems and Marine Seats is Fueling Growth of Marine Seats Market
7.3.2 Amphibious Ships
7.3.2.1 Rise in Demand for Amphibious Warfare Ships Across the Globe is Expected to Drive the Demand for Marine Seats
7.3.3 Destroyers
7.3.3.1 Increased Use of Destroyers to Help Large Vessels and Protect Them Against Small But Powerful Short-Range Attackers
7.3.4 Frigates
7.3.4.1 Increased Use of Frigates to Carry A Variety of Armament
7.3.5 Submarines
7.3.5.1 Increase in Investments for the Development of New and Advanced Submarines Equipped With Marine Seats
7.3.6 Corvettes
7.3.6.1 Increasing Use of Corvettes in Sea Warfare is Expected to Contribute to Demand for Corvettes Equipped With Marine Seats
7.3.7 Offshore Patrol Vessels
7.3.7.1 Rising Demand for Offshore Patrol Vessels is Expected to Fuel Demand for Marine Seats Used in Them
7.3.8 Others
8 Marine Seats Market, By Seat Type (Page No. - 44)
8.1 Introduction
8.2 Captain Seats (HELM Seats)
8.2.1 Increasing Demand for Passenger Cruises is Boosting Demand for Cruise Based Marine Seatings
8.3 Crew Seats
8.3.1 Increasing Aftermarket and Reselling is Increasing the Demand for Crew Seats in Marine Seatings Market
8.4 Passenger Seats
8.4.1 Increasing Global Sea Passenger Traffic is Expected to Increase the Demand for Passenger Based Marine Seatings
8.5 General Seats
8.5.1 Increasing Ship Capacity for Accommodating Larger Crew is Driving the Demand for General Marine Seating Category
9 Marine Seats Market, By Component (Page No. - 47)
9.1 Introduction
9.2 By Frame
9.2.1 Pedestal
9.2.1.1 Rising Demand for High Speed Boats is Boosting the Demand for Pedestal Based Marine Seatings
9.2.2 Base
9.2.2.1 Short Replacement Cycle for Bases Used in Marine Seats is Increasing Its Demand
9.2.3 Swivels, Sliders, & Seat Mounts
9.2.3.1 Early Replacements Due to Harsh Sea Environments Leads to Early Replacement of Marine Seat Components
9.2.4 Footrests
9.2.4.1 Increasing Demand for Passenger Ferrys is Boosting the Demand for Footrests Based Marine Seatings
9.2.5 Seat Cushions
9.2.5.1 Harsh Sea Environments Leads to Early Repairs and Replacement of Seat Cushions, Increasing the Demand for Marine Upholstery
9.2.6 Others
9.3 By Material
9.3.1 Aluminum
9.3.1.1 Rising Demand for Light Weight Marine Seats is Increasing the Demand for Aluminium Based Marine Seatings
9.3.2 Steel
9.3.2.1 Rising Container Fleet is Boosting the Demand for Steel Based Marine Seating
9.3.3 Others (Composites)
9.4 Marine Upholstery
9.4.1 Marine-Grade Vinyl
9.4.1.1 Increasing Recreational Boating Will Increase the Demand for Marine Grade Vinyl Upholstery
9.4.2 Leather
9.4.2.1 Rising Demand for Luxury Cruising is Expected to Increase the Demand for Leather Based Marine Upholstery
10 Marine Seats Market, By End User (Page No. - 52)
10.1 Introduction
10.2 OEM
10.2.1 Increasing Recreational Activities are Expected to Increase the Demand for Motorboats Equipped With Marine Seats
10.3 Aftermarket
10.3.1 Demand for Replacement of Marine-Grade Vinyl Upholstery in Ships is Leading to Growth of Aftermarket Segment of Marine Seat Market
11 Regional Analysis Marine Seats Market (Page No. - 55)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Rising Trend of Millennials Opting for Pleasure Voyages to Increase the Demand for Marine Seats for Cruise Ships
11.2.2 Canada
11.2.2.1 Increasing Trade Activities Expected to Drive the Demand for Marine Seats
11.2.3 Mexico
11.2.3.1 Economic Development of the Country is Expected to Drive the Demand for the Market
11.3 Asia Pacific
11.3.1 China
11.3.1.1 Increasing Cruising and Fishing Activities and Rising Demand for Merchant Ships Expected to Stimulate the Demand for Marine Seats
11.3.2 South Korea
11.3.2.1 Increasing Shipbuilding Activities are Expected to Boost the Demand for Marine Seats
11.3.3 Japan
11.3.3.1 Increasing Fishing and Cruising Activities Expected to Boost the Demand for Marine Seats
11.3.4 Australia
11.3.4.1 Increasing Commercial Vessel Manufacturing in Australia Expected to Boost the Demand for Marine Seats
11.3.5 New Zealand
11.3.5.1 Steady Development of the Economy to Drive the Demand for Shipbuilding Activities in the Country
11.3.6 India
11.3.6.1 Increasing Disposable Incomes and Rising Affluent Population are Expected to Drive the Demand for Marine Seats
11.3.7 Europe
11.3.8 Germany
11.3.8.1 Growing Recreational Boating in Germany is Expected to Increase the Demand for Marine Seats
11.3.9 France
11.3.9.1 Growing Traditional Shipbuilding Industry Expected to Drive the Manufacturing of New Vessels
11.3.10 Italy
11.3.10.1 Increasing Demand for Recreational Boating is Expected to Drive the Marine Seats Market
11.3.11 Spain
11.3.11.1 Rising Number of Foreign Tourist is Expected to Stimulate the Demand for Recreational Boating
11.3.12 UK
11.3.12.1 Rising Trend of Millennials Opting for Pleasure Voyages to Increase the Demand for Marine Seats for Cruise Ships
11.3.13 Rest of Europe
11.3.14 Rest of the World
11.3.15 Latin America
11.3.15.1 Growing Economy and Increasing Trade Activities to Boost the Demand for Marine Seats
11.3.16 Middle East
11.3.16.1 Increasing Water Sports Activities to Drive the Demand for Motorboats
12 Competitive Landscape (Page No. - 85)
12.1 Overview
12.2 Competitive Analysis
12.3 Major Players in Marine Seats Market
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Innovators
12.4.3 Dynamic Differentiators
12.4.4 Emerging Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Contracts
13 Company Profiles (Page No. - 89)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Introduction
13.2 West Marine
13.3 Norsap
13.4 Trasea
13.5 Scotseat Group
13.6 Stidd Systems
13.7 TEK Seating
13.8 Grammer
13.9 Springfield Marine Company
13.10 Thomas Scott Seating
13.11 Shockwave
13.12 Ullman Dynamics
13.13 ALU Design & Services
13.14 Todd Marine
13.15 Shoxs
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 103)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (68 Tables)
Table 1 USD Exchange Rates
Table 2 OEM Approach
Table 3 Total Cruise Passenger Growth-2018
Table 4 Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 5 Commercial Marine Seats Market Size, By Type, 20172025 (USD Million)
Table 6 Market Size, By Type, 20172025 (USD Million)
Table 7 Market Size, By Seat Type, 20172025 (USD Million)
Table 8 Market Size, By Frame 20172025 (USD Million)
Table 9 Market Size, By Material 20172025 (USD Million)
Table 10 Market Size, By Marine Upholstery 20172025 (USD Million)
Table 11 Market Size, By End User, 20172025 (USD Million)
Table 12 Market Size, By Region, 20172025 (USD Million)
Table 13 North America Market Size, By Ship Type, 20172025 (USD Million)
Table 14 North America Market Size, By End User, 20172025 (USD Million)
Table 15 North America Market Size, By Seat Type, 20172025 (USD Million)
Table 16 North America Market Size, By Frame, 20172025 (USD Million)
Table 17 North America: Market Size, By Country, 20172025 (USD Million)
Table 18 US Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 19 US Market Size, By End User, 20172025 (USD Million)
Table 20 Canada Market Size, By Ship Type, 20172025 (USD Million)
Table 21 Canada Market Size, By End User, 20172025 (USD Million)
Table 22 Mexico Market Size, By Ship Type, 20172025 (USD Million)
Table 23 Mexico Market Size, By End User, 20172025 (USD Million)
Table 24 Asia Pacific Market Size, By Ship Type, 20172025 (USD Million)
Table 25 Asia Pacific Market Size, By End User, 20172025 (USD Million)
Table 26 Asia Pacific Market Size, By End User, 20172025 (USD Million)
Table 27 Asia Pacific Market Size, By Frame, 20172025 (USD Million)
Table 28 Asia Pacific Market Size, By Country, 20172025 (USD Million)
Table 29 China Market Size, By Ship Type, 20172025 (USD Million)
Table 30 China Market Size, By End User, 20172025 (USD Million)
Table 31 South Korea Market Size, By Ship Type, 20172025 (USD Million)
Table 32 South Korea Market Size, By End User, 20172025 (USD Million)
Table 33 Japan Market Size, By Ship Type, 20172025 (USD Million)
Table 34 Market Size, By End User, 20172025 (USD Million)
Table 35 Australia Market Size, By Ship Type, 20172025 (USD Million)
Table 36 Market Size, By End User, 20172025 (USD Million)
Table 37 New Zealand Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 38 Market Size, By End User, 20172025 (USD Million)
Table 39 India Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 40 Market Size, By End User, 20172025 (USD Million)
Table 41 Europe Market Size, By Ship Type, 20172025 (USD Million)
Table 42 Market Size, By End User, 20172025 (USD Million)
Table 43 Market Size, By Seat Type, 20172025 (USD Million)
Table 44 Market Size, By Frame, 20172025 (USD Million)
Table 45 Market Size, By Country, 20172025 (USD Million)
Table 46 Germany Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 47 Market Size, By End User, 20172025 (USD Million)
Table 48 France Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 49 Market Size, By End User, 20172025 (USD Million)
Table 50 Italy Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 51 Market Size, By End User, 20172025 (USD Million)
Table 52 Market Size, By Ship Type, 20172025 (USD Million)
Table 53 Market Size, By End User, 20172025 (USD Million)
Table 54 UK Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 55 Market Size, By End User, 20172025 (USD Million)
Table 56 Rest of Europe Marine Seat Market Size, By Ship Type, 20172025 (USD Million)
Table 57 Market Size, By End User, 20172025 (USD Million)
Table 58 RoW Marine Seats Market Size, By Ship Type, 20172025 (USD Million)
Table 59 Market Size, By End User, 20172025 (USD Million)
Table 60 Market Size, By Seat Type, 20172025 (USD Million)
Table 61 Market Size, By Frame, 20172025 (USD Million)
Table 62 RoW: Marine Seats Market Size, By Country, 2015-2025 (USD Million)
Table 63 Latin America Marine Seat Market Size, By Ship Type, 20172025 (USD Million)
Table 64 Latin America Market Size, By End User, 20172025 (USD Million)
Table 65 Middle East Marine Seat Market Size, By Ship Type, 20172025 (USD Million)
Table 66 Middle East Market Size, By End User, 20172025 (USD Million)
Table 67 New Product Launches, 20172019
Table 68 Contracts, 20172019
List of Figures (26 Figures)
Figure 1 Research Process Flow
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Seat Cushions Segment is Projected to Lead the Marine Seats Market During Forecast Period
Figure 8 Based on End User, Aftermarket Segment is Estimated to Account for A Larger Share of the Marine Seats Market in 2019 as Compared to OEM Segment
Figure 9 Increasing Demand for Maintenance of Existing Ships Across the Globe is Expected to Drive the Marine Seats Market
Figure 10 Increasing Demand for Lightweight Seats is Driving the Demand for Aluminum in Marine Seats Market
Figure 11 Increase in Recreational Activities is Expected to Drive the Demand for Marine Seats for Motorboats
Figure 12 Marine Seats Market in North America Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 13 Market: Drivers, Opportunities & Challenges
Figure 14 Goods Loaded Worldwide (Billions of Tons)
Figure 15 Rising Ocean Cruise Passengers (In Millions)
Figure 16 Commercial Segment is Projected to Lead Marine Seats Market From 2019 to 2025
Figure 17 Passenger Seats Segment is Projected to Lead Marine Seats Market From 2019 to 2025
Figure 18 Marine Seats Market, By Component, 2019 & 2025
Figure 19 Market, By End User, 2019 & 2025
Figure 20 North America is Estimated to Account for the Largest Share of the Marine Seats Market in 2019
Figure 21 North America Marine Seats Market Snapshot
Figure 22 Asia Pacific Marine Seats Market Snapshot
Figure 23 Europe Marine Seats Market Snapshot
Figure 24 Companies Adopted New Product Launch as A Key Growth Strategy Between 2017 and 2019
Figure 25 Top 4 Players in the Marine Seats Market
Figure 26 Marine Seats Market Competitive Leadership Mapping, 2019
The study involved various activities to estimate the market size for marine seats. Exhaustive secondary research was undertaken to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and journals and magazines were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies; trade directories; and databases.
Primary Research
The marine seats market comprises several stakeholders, such as raw material suppliers, processors, and regulatory organizations in the supply chain. The demand side of this market is characterized by end users in the military and commercial segments. The supply side is characterized by the technological advancements in marine seats. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the marine seats market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size included the following details:
- Key players in the market were identified through secondary research, and their market ranking determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, and analyzed by MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the marine seats industry.
Report Objectives
- To define, segment, and project the global market size for marine seats
- To understand the structure of the marine seats market by identifying the subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and their contributions to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to four regions, namely, North America, Asia Pacific, Europe, and Rest of the World (RoW) along with key countries in each region
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze competitive developments, such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the marine seats market
Available Customizations
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