Marine Seats Market, Marine Seats Industry Sizeshare, Marine Seats Industry Sizetrends, Marine Seats industry size, Marine Seats industry analysis

Marine Seats Market worth $1.9 billion by 2027

The report "Marine Seats Market by Component, Ship Type (Military, Commercial), Seat Type (Captain Seats, Passenger Seats, Crew Seats, General Seats), End User (OEM, Aftermarket) and Region (North America, Europe, APAC and Rest of the World) - Forecast to 2027" The Marine seats market is estimated to be USD 1.6 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 4.9% from 2022 to 2027. Growth of this market can be attributed to the rise in seaborne trade, developments in the military sector, and increasing number of global cruise passengers.

Browse 230 market data Tables and 42 Figures spread through 210 Pages and in-depth TOC on "Marine Seats Market by Component, Ship Type (Military, Commercial), Seat Type (Captain Seats, Passenger Seats, Crew Seats, General Seats), End User (OEM, Aftermarket) and Region (North America, Europe, APAC and Rest of the World) - Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/marine-seat-market-107127122.html

Increasing demand for fishing and marine activities.

Over the past few years, fishing methods have evolved to become more technical. The growing fish food market has fueled the demand for increasing fishing activities. Recreational fishing has emerged as the most popular activity. According to the National Marine Manufacturers Association (NMMA), in 2019, the demand for marine boats and products was worth USD 42 billion. Post-COVID, it is steadily increasing in the US. It also stated that the current sale of powerboats has steadily outpaced sales of previous years, highlighting rising demand by consumers. 54,000 units of powerboats were sold in the first quarter of 2022. Economies in Europe also followed the same trend. Thus, the rising demand for boats is leading to the demand for marine seats in the recreational fishing boat market.

The demand for fishing for consumption is also rising due to the growing awareness about the benefits related to the fish diet, which has led to the growth of the commercial fishing market. During COVID-19, the Asian market took a hit as it carried major losses in imports and exports, wherein it contributed to a total of 62% of unloaded marine goods in 2020. The use of large fishing vessels to catch schools of fish is contributing to the growing commercial fishing market. The Asia Pacific contributes approximately 50% to the worldwide supply of fish. Major fish exporting economies in the Asia Pacific region, such as Thailand, China, Indonesia, South Korea, and Indonesia, are continuously increasing fish production. Increasing demand for high-quality fish from developed economies and increasing domestic consumption within these regions are expected to lead to an increase in the demand for fishing vessels.

By Seat Type, Passenger Seats Market is Projected to Grow at Highest CAGR During Forecast Period

Passenger seats are meant for onboard ship passengers. These seats are designed according to the class of travel, that is, whether passengers are traveling in economy class or VIP class. These seats can be sold as single seats or as duplets or triplets.

The demand for motorboats is increasing across the globe, thereby leading to a rise in demand for passenger seats used in motorboats. Increasing disposable income of the masses has led to increased demand for recreational motorboats across the globe. According to the National Marine Manufacturers Association (NMMA), the US is the largest exporter of motorboats in the world.

The passenger seats segment is estimated to be USD 1,018 million in 2022 and is projected to reach USD 1,303 million by 2027, at a CAGR of 5.0%.

By Marine Seat End User, Aftermarket Segment Accounts for the Largest Share of the Total Market in 2022.

The aftermarket segment of the marine seats market includes maintenance, repair, and overhaul (MRO) companies, which primarily carry out services as well as maintenance and upgrade of ships. These companies install different components and systems in existing ships during their maintenance, repair, and overhaul. The damaged components of ships such as their hardware as well as equipment or systems installed in them that include power management systems, propulsion management systems, and safety & security systems are sent to MRO companies for their servicing as well as maintenance and upgradation. MRO or aftermarket companies also carry out the replacement of damaged equipment and components of ships that are beyond repair.

The MRO companies dealing in marine seats carry out the replacement of marine-grade vinyl upholstery in ships after a gap of 5 to 6 years. The aftermarket segment is estimated to account for a larger share of the marine seats market in 2022. This segment is estimated to be USD 944 million in 2022 and is projected to reach USD 1,196 million by 2027, at a CAGR of 4.8%.

Europe region accounts for largest market share in Marine seats market

Germany, France, Spain, Italy, the UK, and Rest of Europe are considered for market analysis of Europe. Ullman Dynamics (Sweden), Grammer AG (Germany), and Scotseat (UK) are some of the major players in this region. Cruising and watersports activities are expected to increase in Europe due to the presence of Europe’s biggest river-Rhine-in Germany. The European shipbuilding industry is involved in the construction of large naval vessels such as cruise ships, ferries, mega yachts, submarines, and dredgers (offshore vessels). Whereas navy and coastguard investments in European countries has also been significant in recent times. Europe holds a strong position in the international market. The growth of the shipbuilding industry in Europe is one of the most significant factors contributing to the increased demand for marine seats in this region.

Major players in the Marine seats market include West Marine (US), Sun Marine (Netherlands), Recaro (Netherlands), Allsalts (Canada), and Shockwave (Canada). The report covers various industry trends and new technological innovations in the Marine seats market for the period, 2018-2027.

Don’t miss out on business opportunities in Marine Seats Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Marine Seats Market Size,  Share & Growth Report
Report Code
AS 7324
PR Published ON
8/12/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Marine Seats Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home