The global marine seats market growth was USD 528.3 million in 2020. The market is projected to grow from USD 545.6 million in 2021 to USD 683.4 million by 2028 at a CAGR of 3.27% in the 2021 to 2028 period.
This information is published by Fortune Business Insights™, in its report, titled, “Marine Seats Market, 2021-2028.”
According to our researchers, the surging demand for recreational activities and vacation traveling is anticipated to fuel the marine seats market growth.
Rising Marine Tourism Industry to Contribute Towards Market Growth
Marine and coastal tourism is a pivotal sector in numerous nations. Refining global economy and surging the net worth of individuals is anticipated to augment the demand for tourism. Both recreational boating as well as tourism events are anticipated to upsurge during the forecast period, as coastal and marine areas endure to be the uppermost tourist destinations.
North America is predicted to lead and hold the largest marine seats market shares. The growth is accredited to the increasing demand for leisure activities and transportation in the U.S. and Canada.
Asia Pacific is predicted to grow at a higher CAGR throughout the forecast period owing to the rising cruising activities in China. Furthermore, the existence of shipbuilding companies in South Korea and Japan assists the growth of the market in the region.
The market in Europe is estimated to display substantial growth through the forecast period owing to the surging tourism in the region.
List of Key Players Covered in the Report
- NorSap AS (Norway)
- Stidd Systems Inc. (U.S.)
- Shockwave Seats (Canada)
- Jiangsu Trasea Marine Seating Ltd. (China)
- ScotSeat Group (U.K.)