Rockville , March 10, 2023 (GLOBE NEWSWIRE) -- The global marine seats market is expected to reach a revenue of US $ 2.95 Bn by 2033-end. The market is expected to witness a 5% CAGR during the forecast period of 2023 to 2033.
Quickly expanding spending on marine the travel industry and the developing prominence of marine the travel industry exercises all over the planet are projected to impact marine seat deals throughout the next few years significantly. Steady government drives to advance marine the travel industry and expanding interests in the shipbuilding business are likewise expected to elevate market development possible later on.
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“Surging popularity of Marine Leisure Activities to Bolster Market Growth”
Spending on marine relaxation exercises and interest in courageous water sports has been expanding as of late in the US, which is projected to incline toward deals of boat seats in the country through 2033. The presence of key luxury ship organizations, the high accessibility of various journey journeys, and the rising ability to spend on marine the travel industry are key factors that could support deals of marine seats in the country over the course of the following decade.
Key Takeaways from Market Study:-
- The global marine seats market is valued at US$ 1.8 billion in 2023.
- Marine seat sales are set to reach US$ 2.95 billion by 2033-end.
- Over the next ten years, shipments of marine seats are predicted to rise at 5% CAGR.
- Deck boats are estimated to account for significant deployment of marine seats in the future.
- Europe is estimated to account for a dominant share of the global marine seats industry by 2033.
There are Several Drivers for the Marine Seats Market, including:
- The growing popularity of recreational boating and water sports is driving the demand for comfortable and durable marine seats. Besides this, the increasing disposable income of people and their preference for luxury lifestyles are driving the demand for luxury boats, which in turn is driving the demand for high-quality and comfortable marine seats.
- The marine industry is seeing a surge in demand for commercial vessels such as cruise ships, ferries, and offshore support vessels. These vessels require high-quality marine seats that are designed to withstand the rigors of long-term use.
- Advancements in seat technology, such as the use of lightweight materials, ergonomic designs, and advanced cushioning systems, are driving the demand for innovative and comfortable marine seats.
- With safety being a top priority in the marine industry, there is a growing demand for marine seats that are designed to provide optimal safety and stability for passengers.
- As the global economy continues to grow, the marine industry is expected to experience an increase in demand for marine seats, as more people are able to afford leisure activities such as boating and water sports.
- As the global economy continues to grow, the marine industry is expected to experience an increase in demand for marine seats, as more people are able to afford leisure activities such as boating and water sports.
Trends:
- There is a growing trend toward using lightweight materials such as carbon fiber, aluminum, and composites to produce marine seats that are strong, durable, and lightweight.
- Customization is becoming increasingly important in the marine seats industry, as customers want seats that fit their specific needs and preferences. Manufacturers are responding by offering more options and customization features.
- Comfort is a key consideration for customers when choosing marine seats. Manufacturers are responding by incorporating features such as ergonomic designs, adjustable features, and cushioning to enhance comfort.
- There is a growing trend towards sustainability in the marine seats industry, with manufacturers using eco-friendly materials and production processes to reduce their environmental impact
Restraints:
- The marine seats industry can be influenced by economic factors such as market demand, interest rates, and exchange rates. Fluctuations in these factors can affect the price and demand for marine seats, making it difficult for manufacturers to predict market trends.
- Advancements in technology can change the industry, such as new materials or production processes, or even disrupt the industry with new ways of producing marine seats.
- Regulations, including environmental and safety regulations, can increase production costs, reduce profit margins, and increase the time it takes to bring new products to market.
- The marine seats industry is dependent on a complex supply chain of raw materials, components, and transportation, which can impact the cost and availability of products.
Recent Developments:
There are several large manufacturers in the marine seats industry, such as Springfield Marine, Attwood Corporation, and Wise Company, which have a significant market share. Also, the competition covers many smaller manufacturers that specialize in producing marine seats for specific types of boats, such as fishing boats, sailboats, or yachts.
Prime manufacturers are focusing on various strategies such as the expansion of their production capacity and improving their overall market share.
- For instance, Scot Seat, a manufacturer of marine seats, had introduced new boat seats for the Royal national Lifeboat Institution. These new seats offer SKYDEX Seat inserts for upgraded features.
- RASEA, a leading manufacturer and supplier of ferry seats, developed a new armrest with a 2 years warranty for passenger boat seats in November 2021. The foldable armrest allows passengers to fold it and utilize the neighboring seats when they are not occupied.
- In June 2020, O’Sullivan’s Marine, a leading name in the boat-building industry of Ireland, announced the launch of a new range of marine seats for the Irish boating industry. Fold-down boat seats, high-back boat seats, and other marine seats along with seat accessories were some key products in the new range that was launched.
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Key Companies Profiled in Marine Seats Market Report
- Todd Marine Products
- Wise Seats
- Lipper Components Inc.
- Grammer Group
- Viotap Marine Products
- Moeller Marine Products
- Hansen Protection
- Attwood Marine Products
- Taco Marine
- Oceansouth Australia
- Leader Accessories LLC
- DeckMate Boat Seats
- Springfield Marine Company
- SanHui
- Tempress
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Key Segments of Marine Seats Industry Research
- By Seat Type :
- Ferry Seats
- Bucket Seats
- Leaning Posts
- Helm Seats
- Bench Seats
- Fishing Seats
- Other Seats
- By Configuration :
- With Arm Rest
- Without Arm Rest
- By Boat Length :
- < 25 Feet
- 25 to 55 Feet
- > 55 Feet
- By Frame Material :
- Plastic
- Steel
- Metal Composites
- By Foldability :
- Foldable
- Non-foldable
- By Boat Type :
- Ferries
- Motor Yachts
- Runabouts
- Deck
- Cuddy Cabins
- Fishing
- Pontoons
- Other Boats
- By Sales Channel
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