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Marine Seats Market Projected to reach $2.5 billion by 2025 | Key players include West Marine, Norsap, TRESEA, Scott Seats and STIDD Systems

09-27-2019 01:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

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.

Browse 68 market data Tables and 26 Figures spread through 110 Pages and in-depth TOC on "Marine Seats Market - Global Forecast to 2025"
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https://www.marketsandmarkets.com/Market-Reports/marine-seat-market-107127122.html

Commercial 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.

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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. 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.

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The key players in the marine seats market are West Marine (US), Norsap (Norway), TRESEA (China), Scott Seats (Scotland), and STIDD Systems (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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