The Marine Seats Market Size was valued at USD 2.30 billion in 2022 and is expected to reach USD 3.38 billion by 2030 with a growing CAGR of 4.9% over the forecast period 2023-2030.
Because of the development in marine tourism and leisure activities, the worldwide marine chairs market has enormous potential. Marine seats can be found on pleasure boats, trawlers, super yachts, work boats, commercial vessels, and military vessels. Depending on the application and type of boat, they are positioned above or below the deck. Water resistant and water proof materials such as polyvinyl chloride (PVC) and polyester composite fabrics are utilised in the production of these chairs because they stay tight on the frame and are entirely water proof. Additionally, contouring, backrest angle, correct proportions, seat height, shock absorption, padding, and breath ability are some of the characteristics that contribute to the comfort of marine seats.
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Marine chairs, sometimes known as pedestals, are seen in yachts, boats, ferries, sea vessels, and other vessels. The chairs have suspensions and provide additional protection for sailors and potential passengers. Marine seats are seen as an essential component of any sea vessel and are thus used in leisure, military, and commercial vessels. The standards are also higher, and the materials utilised, such as plastic, steel, and metal composites, provide advantageous circumstances for producers, and are thus seen as important market drivers of the marine seats market expansion.
The growing popularity of cruise travel and maritime tourism activities around the world, particularly in industrialize countries, is seen as a primary driver of the marine seat business. The market's top players are increasing safety awareness. In recent years, such forces have propelled the sector.
MARKET DYNAMICS
KEY DRIVERS
Expanding Global Seaborne Trade
Increasing Interest in Fishing, Consumption, and Recreational Activities
RESTRAINTS
Market growth is projected to be hampered by high maintenance costs and market fragmentation.
CHALLENGES
Rising Material and Operating Costs
OPPORTUNITIES
Defense Spending Increase
IMPACT OF COVID-19
The marine seat market has been constantly rising over the last few years; however, the COVID-19 pandemic is predicted to slow market growth as manufacturers reduce losses due to a shortage of marine seat demand.
Due to a lack of site access, an interrupted supply chain, and a paucity of people, COVID-19 has required maritime seat manufacturers to halt production, order delivery, and installation activities.
Following the spread of COVID-19, there is increased global vigilance against the eating of animal and sea-food products; as a result, maritime trade and fishing activities have been hampered due to decreased demand for sea-food.
Tourist restrictions enforced by governments around the world to regulate COVID-19 have effectively halted all marine leisure and travel operations.
The market is divided into two types: commercial and military. During the projection period, the commercial category is expected to increase at the fastest CAGR. Marine seats will be in great demand from commercial ship platforms such as passenger ships and ferry segments. The growing need for commercial ships such as motorboats will propel the marine seat market in the industry. This rise will be spurred by rising interest in fishing, cruising, and other recreational activities.
The marine seats market has been divided into OEM and aftermarket segments based on end user. Due to the high incidence of wear and tear and early replacement of marine seats in the sector, the aftermarket segment is likely to produce a strong demand. The rising per capital income of individuals and the expanding number of people who can spend money on recreational activities have led in an increase in demand for new ships.
The marine seats market is divided into four categories: passenger seats, captain seats, crew seats, and general seats. The replacement marine seats in marine ships are predicted to drive significant growth in the general seats market. High-net-worth individuals' growing interest in yachts and recreational motorboats, as well as increased sailing activities for leisure travel, are likely to drive up demand for passenger seats.
By End User
OEM
Aftermarket
By Ship Type
Commercial
Military
By Component
Base
Pedestal
Footrest
Seat Cushion
Seat Mount
Others
By Seat Type
Helm Seat
Passenger Seat
Lounge Seat
General Seat
Motor Boat Passenger Seat
Others
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REGIONAL ANALYSIS
Currently, North America is at the forefront of the market share related to the maritime industry due to the presence of world-renowned companies such as Professional components and Stidd systems Inc. The economic situation and the entertainment preferences of US citizens have increased. the need for boats and water services. The US government has provided the entertainment industry in the maritime industry and created a utility industry to provide additional value to the transportation sector. In addition, suppliers and export services across the region present a good opportunity for the growth of the seating market.
The US government has also provided a National Export Initiative in which American exporters promote overseas sales and are able to connect with foreign markets. Such items are considered to be major drivers of the growth of the seafaring industry throughout North America.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Springfield Marine Company, Mercury Marine, Ullman Dynamics, Todd Marine Products, The Wise Company, Inc., Quality Pacific Manufacturing, Inc., Thomas Scott Seating Ltd, West Marine, Swann Systems Ltd., Tappezzeria Nautica Beggio, and other players
Mercury Marine-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.30 Billion |
| Market Size by 2030 | US$ 3.38 Billion |
| CAGR | CAGR of 4.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By End User (OEM and Aftermarket) • By Ship Type (Commercial and Military) • By Component (Base, Pedestal, Footrest, Seat Cushion, Seat Mount and Others) • By Seat Type (Helm Seat, Passenger Seat, Lounge Seat, General Seat, Motor Boat Passenger Seat and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Springfield Marine Company, Mercury Marine, Ullman Dynamics, Todd Marine Products, The Wise Company, Inc., Quality Pacific Manufacturing, Inc., Thomas Scott Seating Ltd, West Marine, Swann Systems Ltd., Tappezzeria Nautica Beggio, and other players. |
| DRIVERS | • Expanding Global Seaborne Trade • Increasing Interest in Fishing, Consumption, and Recreational Activities |
| RESTRAINTS | • Market growth is projected to be hampered by high maintenance costs and market fragmentation. |
The marine seat market has been constantly rising over the last few years; however, the COVID-19 pandemic is predicted to slow market growth as manufacturers reduce losses due to a shortage of marine seat demand.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
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Yes, this report cover top down, bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Marine Seats Market Segmentation, by End User
8.1 OEM
8.2 Aftermarket
9. Marine Seats Market Segmentation, by Ship Type
9.1 Commercial
9.2 Military
10. Marine Seats Market Segmentation, by Component
10.1 Base
10.2 Pedestal
10.3 Footrest
10.4 Seat Cushion
10.5 Seat Mount
10.6 Others
11. Marine Seats Market Segmentation, by Seat Type
11.1 Helm Seat
11.2 Passenger Seat
11.3 Lounge Seat
11.4 General Seat
11.5 Motor Boat Passenger Seat
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 West Marine
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Swann Systems Ltd.
13.3 Tappezzeria Nautica Beggio
13.4 Springfield Marine Company
13.5 Todd Marine Products
13.6 The Wise Company, Inc.
13.7 Quality Pacific Manufacturing, Inc.
13.8 Thomas Scott Seating Ltd
13.9 Mercury Marine
13.10 Ullman Dynamics
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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