Market Size of Marine Seats Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Marine Seats Market Analysis
The marine seats market is anticipated to register a CAGR of about 4% during the forecast period (2020 - 2025).
- The rise in the tourism industry, increasing interest of people in recreational activities, and marine tourism are expected to fuel the demand for marine seats during the forecast period.
- Italy is the second-largest boat producer in the world, after the United States, and the first global producer of superyachts. Italy is also the leading producer of boats in Europe, followed by the United Kingdom, the Netherlands, Germany, and France. The Italian industry holds the global leadership position in various sectors of the nautical manufacturing chain. For instance, in 2019, Besenzoni signed an agreement with FB Design. Both Italian companies plan to work cooperatively on advanced seating solutions for high-performance boats.
- The boat rental companies are revitalizing the marine industry by offering boats as per the requirements of the customers, with or without captain and fueled or to be fueled up to the need, with additional facilities, like ski and tubbing. This service is being accepted by the consumers, which is pushing the boat rental companies to increase their fleet. This new trend may ultimately drive the marine seats market, as the demand for boats may increase.
