Market Highlights: Marine Seats are used in trawlers, super yachts, pleasure boats commercial vessels, and military crafts in the nautical world. Marine Seats market has high growth prospects due to demand of water resistant & water proof material and increasing investments & research activities undertaken by prominent players. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the marine tourism and leisure activities. Further, increasing demand for trade activities has created demand for large vessels and cargo ship expected to drive the market over the forecasted period. The market study is being classified by Type (Commercial {Bulk Carriers, Cruise Ships, Passenger Ferries, Dry Cargo Vessels, Tankers, Gas Tankers and Others } and Military { Frigates, Corvettes, Destroyers, Amphibious Ships, Mine Sweepers and Others }), by Application (Commercial and Military) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Marine Seats are West Marine (United States), NorSap (Norway), TRESEA (China), Scott Seats (Scotland), STIDD Systems (United States), Mercury Marine (United States), Ullman Dynamics (Sweden), Tappezzeria Nautica Beggio (Italy), Todd Marine Products (United States) and The Wise Company, Inc. (United States).
The Sales Channel , such as OEM, is boosting the Marine Seats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as Pedestal, is boosting the Marine Seats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Seats, such as Captain Seats/Helm Seats), is boosting the Marine Seats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In June 2019, Boeing acquired Encore group to expand its business portfolio and produces airplane galleys and seats for airlines and also supplies products and components to Boeing. This acquisition is beneficial for strategy to complement organic growth with strategic acquisitions. In 2021, West Marine has entered into a definitive agreement to be acquired by L Catterton. The acquisition helps to enhance L Catterton's digital capabilities and elevates its customer's experience to not only provide the broadest product offering in the industry but to deliver the most comprehensive and rewarding consumer experience no matter where or how boaters choose to engage with the company.
Key Questions Answered in the Report What will the Marine Seats Market size and the growth rate be in Future? What are the key factors driving the Marine Seats Market? What are the key market trends and macro-economic impacting the growth of the Marine Seats Market? What are the challenges to market growth? Who are the key vendors in the Marine Seats Market? What are the market opportunities and threats faced by the vendors in the Marine Seats Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Marine Seats Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Marine Seats market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Marine Seats market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Marine Seats Manufacturers, Marine Seats Traders, End-Use Market Participants of Different Segments of Marine Seats, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.