Marine Seats Market Outlook and Industry Forecast to 2025

1
The study involved various activities to estimate
the market size for marine seats. Exhaustive
secondary research was undertaken to collect
information on the market, the peer markets, and
the parent market. The next step was to
validate these assumptions, and industry experts
findings, sizing with across the
value chain through primary research. Both,
top-down and bottom-up approaches were employed
to estimate the total market size. Thereafter,
market breakdown and data triangulation
procedures were used to estimate the market size
of segments and subsegments. According to the
new research report "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", The marine seats market is estimated to
be USD 1.9 billion in 2019 and is projected to
reach USD 2.5 billion, at a compounded annual
growth rate (CAGR) of 4.7 from 2019 to 2025.
This market is driven by factors, such as the
increasing investments in passenger ferries and
cruise ships and increasing demand for motor
boats. Download PDF Brochure _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id107127122 Com
mercial ships segment to grow at a higher CAGR in
marine seats market among ship type segments
during forecast period Based on ship type, the
commercial ships segment is projected to grow at
the highest CAGR during the forecast period. The
increasing demand for highly efficient marine
seats, which are shock absorbent and ergonomic,
for commercial vessels is driving the commercial
ships segment. Motorboats require the largest
number of shock- absorbent marine seats the
motorboats segment is expected to witness growth
due to advantages such as low cost of
maintenance, better deck area, and better engine
accessibility. Another factor supporting the
growing demand for motorboats is the rise in
recreational activities such as fishing,
cruising, and watersports. Aftermarket segment
expected to lead marine seats market among end
users Based on end user, the aftermarket segment
is expected to lead the marine seats market
during the forecast period. The use of different
types of marine seats in a wide range of ship
types such as bulkers, cargo ships, recreational
boats, and military vessels, among others, is
expected to drive the aftermarket for marine
seats.
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Activities such as fishing, cruising, and
watersports can be conducted using motorboats.
An increase in these activities and the growing
preference of customers to install modern
seating are also expected to drive the marine
seats aftermarket. North America has the highest
potential for implementation of marine
seats North America is estimated to account for
the largest share of the marine seats market in
2019. North America has witnessed rapid demand
for recreational boating over the past few
years. The increasing demand for high speed
crafts such as yachts and motorboats is leading
to a rising demand for marine seats. Majority of
the marine seats manufacturing facilities of
leading players are based in the North American
region. The key players in the marine seats
market are West Marine (US), Norsap (Norway),
TRESEA (China), Scott Seats (Scotland), and STIDD
Systems (US). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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