Global Marine Seats Market: Future Forecast Indicates Impressive Growth Rate by 2028

Published: Mon Apr 01 2019

In order to dissert the market scenario prevailing across the marine seats market sector, FactMR has evenly presented a new examination titled "Global Marine Seats Market: Future Forecast Indicates Impressive Growth Rate by 2028", to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the marine seats market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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The marine seats market remains highly fragmented with regional players holding the bulk shares of the market. The absence of marine seats manufacturers in areas close to ports and other boating hubs is a vital reason which has allowed the local players to expand their presence in their region. On the other hand, leading market players operating in the marine seats market only account for 15% shares. These players continue to focus on new product launches, acquisitions, and research & development to consolidate their position in the marine seats market. Some of the prominent marine seats market players profiled in the report include Leader Accessories LLC, Wise Seats, Moeller Marine Products, Attwood Marine Products, DeckMate Boat Seats, Springfield Marine Company, Todd Marine Products, Tempress, Lipper Components Inc., Taco Marine, Grammer Group, Hansen Protection, Viotap Marine Products, Oceansouth Australia, and SanHui.

The demand for boats and other marine vessels for leisure and sporting activities is on the rise. Countries are focusing their tourism campaigns toward recreational activities, which has given rise to the term "blue economy" and has emerged as the largest revenue contributor to the tourism industry. Additionally, significant growth in the marine tourism industry, coupled with growing number of boat shows & events has been attracting consumers to invest in transport via leisure marine vessels. A recent report by the National Marine Manufacturers Association revealed prolific growth in the sales of boats in the US, estimating a 10-year high sales in recreational activities. These factors continue to drive growth of the marine seats market. In addition, growing consumer fascination toward luxurious maritime travel is prompting cruise operators to substantially increase their passenger seating capacity. According to multiple surveys, the capacity of cruise ships has increased by 50% to cope up with growing demand for maritime travel.

Additive manufacturing or 3D printing is providing increasing utility in the time-effective production of complex parts across industries, and manufacturing of marine seats is no exception to this technology. 3D printing has significantly increased the efficiency of marine seats manufacturers to comply with evolving industry standards. Integration of the additive manufacturing in production of marine components has been deemed beneficial in terms of saving time, and making seamless changes in design & development. This ability is likely to allow for on-demand production of marine seats. Apart from its ability to substantially reduce waste production, while decreasing the overall carbon footprint, additive manufacturing has gained popularity as ‘on-demand production enabler" for marine seats manufacturers.

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Demand for custom-built marine seats for cruise, boats, yachts, and other marine vessels is on the rise, in parallel to consumers’ search for comfort, ergonomics and technology. While key marine seats manufacturers continue to eye capitalization on growing demand for customized solutions, boat operators and owners are continuously seeking options to replace their original seating with premium customized marine seats. Additionally, companies are launching new marine seats designs, specifically designed for particular tasks, to lure consumers and boost sales.

Manufacturers are launching new versatile marine seating options to provide added convenience to consumers and boost sales. For instance, boat owners are increasingly opting for marine seats with storage over normal seats while marine seats with coolers are also gradually becoming popular among boat owners and operators offering them the convenience of storing drinks without the requirement for carrying an extra cooler onboard. Companies are also working towards manufacturing marine seats with navigation capabilities for the bridge of the ship. The innovative seat aims to save sailors from the arduous task of moving in and around the bridge for collecting navigational information by providing an integrated navigation module in the seat. A similar trend is being observed for leaning posts. Leaning posts with adjustable heights, rod holders, and removable backrest are becoming increasingly popular among boat owners. Launch of similar versatile marine seating options is estimated to find an extensive consumer base and augment to the marine seats market proliferation.

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