Marine Seats Market Growth, Opportunities, Forecast by 2032

According to Fortune Business Insights™, the global marine seats market size was valued at USD 419 million in 2023 and is projected to grow from USD 448.8 million in 2024 to USD 620.8 million by 2032, exhibiting a CAGR of 4.1% during the forecast period. North America dominated the marine seats market with a market share of 47.14% in 2023. Marine seats are designed for utilization in boats, yachts, and other types of ships. They are made from durable and weather-resistant materials which can withstand harsh conditions and offer comfort and support to passengers, which will propel market growth. This information in its report titled “Marine Seats Market, 2024-2032.”

List of Key Players Profiled in the Market Report:

• NorSap AS (Norway)

• Stidd Systems Inc. (U.S.)

• Shockwave Seats (Canada)

• Jiangsu Trasea Marine Seating Ltd. (China)

• ScotSeat Group (U.K.)

• Springfield Marine Company (U.S.)

• Ullman Dynamics (Sweden)

• Alu Design & Services AS (Norway)

• Todd Marine (U.S.)

• Cleemann Chair-Systems GmbH (Germany)

• TEK Seating (U.K.)

Source:

https://www.fortunebusinessinsights.com/marine-seats-market-106551

Segmentation:

Passenger Ships To Lead Due to Growth in the Tourism Industry

On the basis of ship type, the market is divided into cruise ship, yacht, container ship, passenger ship, and others. The passenger ships segment dominated in 2022 and is anticipated to grow with the fastest CAGR due to growth in the tourism industry.

Passenger Seat To Lead Due To Increasing Rate Of Passenger Traffic

On the basis of seat type, the market is divided passenger seat, captain seat, crew seat and others. The passenger segment dominated in 2022 with highest CAGR growth due to increasing rate of passenger traffic in marine industry.

Seat Material Segment To Lead Due To Enhance Comfort Expectations

On the basis of component, the market is divided into seat structure and seat material. The seat material segment dominates the segment and has the highest CAGR due to enhance comfort expectations across different sectors.

Aftermarket To Lead Due To Rise In Replacement Of Marine Seats In Various Ships

On the basis of point-of-sale, the market is divided into OEM and aftermarket. The aftermarket segment dominates due to the rise in the replacement of marine seats in various ships.

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints:

Rise In The Demand For Custom-Built Seats For Boats, Cruises, And YachtsTo Propel The Demand For Product

Rise in the demand for custom-built seats for boats, cruises, and yachts is anticipated to drive the marine seats market growth. There has been an increase in the demand for custom-built seats to satisfy user pursuit of ergonomics, comfort, and technology. As the demand for unique and tailored marine experiences continues to grow, the trend of custom-built marine seats is likely to rise, providing boat and yacht owners with more options to create comfortable, stylish, and functional seating arrangements.

However, compliance with regulatory and strict rules related to the environment is expected to hamper the market growth.

Regional Insights:

North AmericaTo Lead Due To Increasing Number Of Various Marine Activities

North America holds the largest part of the marine seats market share due to the rise in recreational boating, marine tourism, leisure activities, charter services, more boats, yacht manufacturing facilities, and others. The market stood at USD 54.9 billion in 2022. Europe has the second-largest market share due to growing tourism in the region. A swift increase in tourism in countries such as Italy, France, Greece, Norway, and others is anticipated to drive market growth.

Competitive Landscape:

Market Players Are Engaging In Strategies Such As Agreements, Partnerships, Acquisitions, and Others

The key market players are NorSap AS, Stidd Systems Inc. Jiangsu Trasea Marine Seating Ltd., and others. The market players are engaging in strategies such as agreements, partnerships, acquisitions, and others. In February 2022, Allsalt Maritime introduced the Shoxs Caster suspension seat series which are designed to offer a smooth ride for offshore boaters. The new Helmcaster and Saltcaster models have only a full-suspension, all-in-one seating system for recreational boating enthusiasts, eliminating the challenges of fitting seat pans to spring-based shock-absorbing sockets and modules.

Key Industry Development:

• January 2023 – Mayor Daniel J. Lyman of New Jersey announced that Hornblower Marine of Bridgeport, Connecticut, has secured a USD 9.8 million contract from New Jersey Transit to construct the county’s second 149-passenger ferry. The Lyman administration has also secured over USD 46 million in federal and state grants for the Carteret Ferry Terminal.

• May 2023 – Russia’s Southern Centre for Shipbuilding and Ship Repair, a division of United Shipbuilding Corporation, launched a new river cruise ship ordered by domestic operator Mashpromlizing. Part of the Project PKS 180 series, the vessel, named Aurum, will be 81.6 meters long, 13.93 meters wide, and accommodate 180 passenger seats across three decks upon completion.