Press release
Marine Seats Market Growth, Analysis, Latest Trends and Forecast till 2027
The Marine seats market is estimated to be USD 1.6 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 4.9% from 2022 to 2027.The market is driven by various factors, increasing number of cruise passengers, increasing global trading.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107127122
Based on ship type, commercial ships segment is expected to lead the marine seats market in for the forecast period. Based on ship type, the commercial ships segment is projected to grow at a highest CAGR of 4.9% during the forecast period.
General seats segment is estimated to grow at a highest CAGR during the forecast period
Based on seat type, the general seats segment ofmarine seatsmarket is projected to grow from USD 49million in 2022 to USD 65million by 2027.Increasing ship capacity to accommodate larger crew to drive the segment for General seats during forecast period.
Steel segment is estimated to dominate the Marine seat's components market by material, during the forecast period
Steel is one of the most used materials for marine seat manufacturing. What steel loses in terms of weight and corrosion resistance against aluminum, it gains in strength and density. Steel-based seats have a higher weight-bearing capacity. The passenger-based seats in ferries and cruises are generally steel-based.
The steel segment is estimated to be USD 511 million in 2022 and is projected to grow at a CAGR of 7.3% during the forecast period.
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US is expected to lead the marine seats market in 2022. The growing demand for marine seats in the US and the increasing commercial marine activities in US are few of the key factors driving the market.
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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.
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