(I-BusinessNews.Com, June 24, 2022 ) According to the new research 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.
Browse 68 market data Tables and 26 Figures spread through 110 Pages and in-depth TOC on "Marine Seats Market - Global Forecast to 2025"
Commercial ships segment to grow at a higher CAGR in marine seats market among ship type segments during forecast period
Based on ship type, the commercial ships segment is projected to grow at the highest CAGR during the forecast period. The increasing demand for highly efficient marine seats, which are shock absorbent and ergonomic, for commercial vessels is driving the commercial ships segment. Motorboats require the largest number of shock-absorbent marine seats; the motorboats segment is expected to witness growth due to advantages such as low cost of maintenance, better deck area, and better engine accessibility. Another factor supporting the growing demand for motorboats is the rise in recreational activities such as fishing, cruising, and water sports.
Aftermarket segment expected to lead marine seats market among end users
Based on end user, the aftermarket segment is expected to lead the marine seats market during the forecast period. The use of different types of marine seats in a wide range of ship types such as bulkers, cargo ships, recreational boats, and military vessels, among others, is expected to drive the aftermarket for marine seats. Activities such as fishing, cruising, and water sports can be conducted using motorboats. An increase in these activities and the growing preference of customers to install modern seating are also expected to drive the marine seats aftermarket.
North America has the highest potential for implementation of marine seats
North America is estimated to account for the largest share of the marine seats market in 2019. North America has witnessed rapid demand for recreational boating over the past few years. The increasing demand for high speed crafts such as yachts and motorboats is leading to a rising demand for marine seats. Majority of the marine seats manufacturing facilities of leading players are based in the North American region.
Key Market Players
The key players in the marine seats market are West Marine (US), Norsap (Norway), TRESEA (China), Scott Seats (Scotland), and STIDD Systems (US).
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