Global $2.5Bn Marine Seats Market Outlook, 2025: Analysis on Captain/Helm Seats, Crew Seats, Passenger Seats, and General Seats - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 9, 2019--
The “Marine Seats Market by Ship Type (Commercial, Military), Seat Type (Captain Seats/Helm Seats, Crew Seats, Passenger Seats, General Seats), Component (Pedestal, Swivels, Slides & Seat Mounts), End User (OEM, Aftermarket), and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The marine seat market size is expected to grow from USD 1.9 billion in 2019 to USD 2.5 billion by 2025, at a compounded annual growth rate (CAGR) of 4.7% during the forecast period.
The market is driven by the increasing use of motorboats for recreational boating applications across the globe. However, formulation and implementation of various stringent regulations to ensure the safety of marine vessels, vessel operators, and passengers may restrain the growth of the marine seat market.
Leading manufacturers of marine seats include TEK Seating’s (UK), Nor SAP (Norway), Ullman Dynamics (Sweden), STIDD Seats (US), and West Marine (US).
The market study covers the marine seats market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as seat type, ship type, component, end user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Commercial ship type to grow at highest CAGR during forecast period in the marine seats market
Based on ship type, the marine seats market is segmented into commercial and military. The commercial segment is projected to grow at a higher CAGR during the forecast period. Motorboats are expected to be in high demand. The leading manufacturers of marine seats for motorboats include Ullman Dynamics, NorSap, and Scott Seats.
Aftermarket segment to account for largest market share of marine seats market in 2019
By end user, the marine seats market has been segmented into OEM and aftermarket. The OEM segment includes the demand for new vessels and ships across different verticals. The aftermarket consists of the marine seats and the marine upholstery which are used across various ship types. The demand for ships and vessels is increasing across various industries due to the increasing watersports, cruises, and other marine recreational activities and growing transportation of goods & services through marine routes.
Marine seats market in North America to grow at highest CAGR
North America is estimated to lead the global marine seats market in 2019, and the trend is expected to continue during the forecast period. This region is upgrading various capabilities by undertaking developments in the field of leisure voyages and recreational boating. This is an excellent opportunity for marine seats manufacturers to strengthen their businesses in the North American region.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Marine Seats Market, By Seat Type
6 Marine Seats Market, By Ship Type
7 Marine Seats Market, By Component
8 Marine Seats Market, By End User
9 Regional Analysis
10 Competitive Landscape and Customer Analysis
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cyes0o
View source version on businesswire.com:https://www.businesswire.com/news/home/20190909005371/en/
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INDUSTRY KEYWORD: TRANSPORT MARITIME
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 09/09/2019 04:11 AM/DISC: 09/09/2019 04:11 AM