Business Intelligence Report on the Marine Seats Market
Fact.MR, in a recently published market study, offers valuable insights related to the overall dynamics of the Marine Seats Market in the current scenario. Further, the report assesses the future prospects of the Marine Seats by analyzing the various market elements including the current trends, opportunities, restraints, and market drivers.
As per the report, the Marine Seats Market is set to grow at a CAGR of ~XX% over the forecast period 2018 to 2028 and exceed a value of ~US$ XX by the end of 2029. The report suggests that significant progress in technology, growing investments towards R&D projects, and increasing awareness related to curbing industrial waste are some of the primary factors that are expected to drive the growth of the Marine Seats Market during the assessment period 2018 to 2028.
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Key Information that can be drawn from the Marine Seats Market Report:
- The pricing structure of products offered by various market players
- Growth prospects of the various segments and sub-segments in the Marine Seats Market
- Notable trends that are expected to impact the dynamics of the Marine Seats Market
- Recent mergers, acquisitions, collaborations, and strategic alliances
- Growth opportunities for market players in various regional markets
Important queries related to the Marine Seats Market addressed in the report:
- Who are the most prominent players in the Marine Seats Market?
- Which product is likely to be the ‘cash cow’ for the players in the Marine Seats Market?
- How are the market players reducing their environmental footprint?
- Which region is expected to present a plethora of opportunities for market players in the Marine Seats Market?
- What are the different growth strategies adopted by market players?
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The presented report offers a microscopic view of the market scenario in different regions. The political and economic environment are thoroughly assessed to provide clarity on the growth prospects of the Marine Seats market in each regional market.
Increased Permeation of Boats in Tourism and Adventure Sports Uphold Growth
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 Gains Popularity as “On-Demand Production Enabler” for Marine Seats Manufacturers
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.
Growing Preference for Custom-built Marine Seats to Pave New Opportunities
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.
Versatile Marine Seating Options Gain Traction
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.
Pedestals or seats found abode boats, yachts, ferries, and other sea vessels are commonly known as marine seats. These seats are a unification of a variety of components such as suspensions and are designed to cushion sailors and people onboard from the shockwaves generated by sea waves. The seats also provide for a comfortable and stable position onboard for managing navigation while at sea.
About the Report
The report on the marine seats market provides actionable insights into the marine seats market. It highlights the key dynamics that influence the performance of the marine seats market. Moreover, the report on the marine seats market provides an accurate forecast of the marine seats market in addition to a comprehensive analysis of the marine seats market performance in the recent past. Additionally, the report on marine seats market provides a detailed competitive landscape assessment of the marine seats market.
The marine seats market report highlights the key drivers that propel the growth of the marine seats market along with a list of other macro and microeconomic factors such as trends, opportunities, threats, restraints, and challenges. A segment-wise and region-wise assessment of the marine seats market has also been included in the report.
The report on marine seats market is segmented on the basis of seat type, frame material, configuration, foldability, sales channel, boat type, boat size, and region.
On the basis of seat type, the marine seats market can be segmented into ferry seats, bucket seats, leaning posts, helm seats, bench seats, fishing seats, and others.
Based on the configuration, the marine seats market can be segmented into seats with armrest and without armrest.
On the basis of the sales channel, the marine seats market can be segmented into direct procurement, online channels, and specialty retail channel.
Based on the boat type, the marine seats market can be segmented into runabout boats, ferry boats, motor yacht boats, deck boats, cuddy cabin, fishing boats, pontoons, and others.
On the basis of boat size, the marine seats market can be segmented into less than 25 feet, between 25 feet and 55 feet and greater than 55 feet.
Based on the frame material, the marine seats market can be segmented into plastic, steel, and metal composites.
On the basis of foldability, the marine seats market can be segmented into foldable and non-foldable.
Additional Questions Answered
Apart from the aforementioned insights, the following questions about the marine seats market have been answered which could help stakeholders and business professionals in streamlining their strategies to gain maximum profitability:
- Which seat type will account for the most sales in 2019?
- Which frame material was largely used in the manufacturing of marine seats in 2018?
- What configuration of marine seats will be in demand in 2019?
- What will be the lucrative opportunities on offer in the marine seats market in 2019?
- What are the challenges being faced by the marine seats market?
The report on marine seats market is a result of a thorough and robust research process that was employed during the compilation of the report. The information presented in the marine seats market report has been obtained through a two-step research procedure involving primary and secondary researches. Primary research was conducted by interviewing industry savants while secondary research involved a comprehensive study of company press releases, trade journals, paid sources, and other industry-related publications.
Results from both the phases of the report were cross-referenced to filter out erroneous information and create an authentic and accurate forecast of the marine seats market.
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