What is Marine Seats Market Scope?
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.
Marine Seats Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Demand for Fishing and Recreational Activities
- Increasing Global Seaborne Trade
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Influencing Trends | - Value Oriented Consumers
- Collaboration and Tie Up Of Leading Players
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Restraints | - High Cost Associated With Marine Seats.
- Lack Of Research And Developments Restrain The Buying High Priced Seats.
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Road Blocks / Challenges | - Lack of Awareness Among Customers
- Stringent Government Rules and Regulations
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Gaps & Opportunities | - Upsurge Demand for Cruise Travel Worldwide.
- Increase in Defense Spending Activities
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The Marine Seats 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 and major geographies with country level break-up.
According to AMA, the Global Marine Seats market is expected to see growth rate of 4.4% and may see market size of USD2.1 Billion by 2027.Global Marine Seats is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Marine Seats market throughout the predicted period.
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) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Marine Seats market by Type, Application and Region.
On the basis of geography, the market of Marine Seats has been segmented into 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).
Market Influencers and their Development Strategies
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 Target Audience
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
Marine Seats Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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