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Marine Seats Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Cruise Ship, Yacht, Container Ship, Passenger Ship, and Others), By Seat Type (Passenger Seat, Captain Seat, Crew Seat, and Others), By Component (Seat Structure and Seat material), By Point of Sale (OEM and Aftermarket), and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI106551

 

KEY MARKET INSIGHTS

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The global marine seats market size was valued at USD 398.2 million in 2022 and is projected to grow from USD 419.0 million in 2023 to USD 548.4 million by 2030, exhibiting a CAGR of 3.9%.

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Marine seats are specialized seating options designed for utilization in boats, yachts and other type of ships. These seats are specifically engineered to withstand the unique challenges posed by the marine environment, such as exposure to water, UV rays, saltwater and rough sea conditions. They are typically made from durable and weather-resistant materials which can withstand harsh conditions while providing comfort and support to passengers.


There are various types of seats and most common are helm seats, bucket seats, bench seats, flip-up seats, fishing seats and others. Furthermore, while choosing seats, it is important to consider factors such as comfort, durability, functionality and compatibility with specific boat type. Additionally, owing to the increase in fleet size across globe, the market for seats is anticipate to show significant market growth during the forecast period.s


COVID-19 IMPACT


Reduced Passenger Demand during the Pandemic Led to the Cancellation of Orders for Ships, Ferries, Yachts, and Others


Since the COVID-19 outbreak in December 2019, the disease had spread to almost 100 countries around the globe with the World Health Organization (WHO) declaring it a pandemic. The impacts of COVID-19 will significantly impact the market in the years 2020 and 2021.


The pandemic led to disruption in global supply chains, including the manufacturing and distribution of seats. Restrictions, lockdowns, and reduced workforce in factoring in shipping ports affected to production and delivery of various products including seats. Furthermore, the marine industry including boat sales and recreational activities, experienced a decline in demand during pandemic. Restrictions on travel, social distancing measures, and economic uncertainties led to fewer demand for passengers and marine-related activities. Additionally, owing to the financial instability and challenges led to decrease in the willingness by boat manufacturers to invest in new seats or upgrade existing one.


LATEST TRENDS


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Development of Shock Mitigating Marine Seats to Enhance Comfort of Passenger to Propel Growth


The high speed boats or vessels travel in rough water. The pounding waves of water leads to wobbling of the ship and it can hurt the spine of the human sitting in the seat. The boaters, passengers, and crew members are exposed to dangerous impacts such as chronic pain and injuries due to the collision of waves on the high speed ship. Thus, to minimize the risk of human health, several companies are focused on development of shock mitigating seats. In November 2021, Shockwave Seats announced launch of SHOCKWAVE S5 Sentinel Suspension Module which is a re-engineered and updated version of the S5 Suspension Module specially designed for recreational boaters.


DRIVING FACTORS


Growing Marine Tourism Industry to Contribute Towards Growth of Market


Marine and coastal tourism is a vital sector in several countries. Improving global economy and increasing net worth of individuals is expected to increase the demand for tourism. Both recreational boating and tourism activities are predicted to rise during the forecast period, as coastal and marine areas continue to be the topmost tourist destinations.


The international tourist arrival is expected to reach 1.8 billion tourist arrivals per year by 2030 according to the UN Tourism Organization (UNWTO). The rise in tourist arrival is anticipated to be quicker in the emerging areas, with Europe dominating the tourist arrivals with up to 780 million tourists by 2030.


In Asia Pacific, China has a high prospect towards the seats market due to the availability of manpower and raw materials. The Government of China is promoting yachting as a leisure activity instead of a luxury service so that many people can enjoy it. The China State Council announced a circular in 2016 which included a declaration to develop a yachting tourism development plan.


Thus, the growing marine tourism industry is expected to propel the growth of the market.


Rise in Demand for Custom-Built Seats for Yachts, Boats, Cruises, and Naval Vessels to Fuel Market Growth


There has been a rise in demand for custom-built seats to satisfy user pursuit of ergonomics, comfort, and technology. The seats producers continue to take advantage of the increasing demand for customized seat solutions. The boat/ship owners and operators are constantly looking for solutions to switch original seats with fine-quality customized seats.


Furthermore, customization allows boat and yacht owners to tailor their seating arrangements to their specific needs, preferences, and aesthetic requirements. Some of the reasons for the growing customization are comfort and ergonomics, functionality, versatility, durability and longevity. As the demand for unique and tailored marine experiences continues to grow, the trend of custom built marine seats is likely to rise, providing boat and yacht owners with more options to create comfortable, stylish, and functional seating arrangements.


RESTRAINING FACTORS


Regulatory Compliances and Strict Rules Related to Environment to Hamper Market Growth


The marine industry is subject to various regulations and standards concerning safety, comfort and environmental impact. Seats must meet certain requirements and certifications to ensure compliance. Furthermore, it is essential for manufactures to stay updated with the regulations in region for specific requirements which can include conducting tests, obtaining certifications, and maintaining proper documentation to demonstrate the adherence to the relevant standards and regulations. This is a time taking task and can increase overhead costs to the owners or shipbuilders.


Few of the certifications are, the American boat and yacht council (ABYC) standard, ISO 9001, ISO 846, ISO12216, EN ISO 15085, fire resistant standards, and others. Manufacturers need to invest in research, development and testing to meet these standards which can be a constraint in terms of time, resources and costs.


SEGMENTATION


By Ship Type Analysis


Passenger Ship Segment Dominates the Market Owing to the Increase in Marine Tourism 


The market by ship type is segmented into cruise ship, yacht, container ship, passenger ship, and others. The passenger segment dominates the market in the base year and is anticipated to grow at a highest CAGR due to growing tourism industry. The global tourism industry has experienced robust growth, with more people traveling for leisure vacations. Passenger ships play crucial role in providing transportations and accommodation for tourists, particularly in coastal regions, island destinations and other routes. Owing to such factors the segment is anticipated to dominate during the study period.


The cruise ship segment has the second largest share during the forecast period. The cruise industry has been expanding steadily with more cruise lines, larger ships and wide range of destinations. Cruise vacations offer passengers a unique and convenient way to explore multiple destinations. This has led to increase in number of cruise ship fleet and thus boosting the segmental growth.


By Seat Type Analysis


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Passenger Seat Segment is Anticipated to Command the Market Owing to the Higher Demand for Passenger Ship Transportation 


By seat type, the market is segmented into passenger seat, captain seat, crew seat and others. The passenger segment dominated the market in 2022 along with the highest CAGR during forecast period. The increase in passenger seat segment is directly proportional to the growth in passenger traffic in marine industry. Furthermore, as demand for other services such as a ferries which offer both passenger and vehicle travel increases the number of passenger accommodations which lead to the segmental growth during the study period.


The crew seats are projected to show significant growth during the forecast period. The growth in the segment is owing to the maritime labor convention (MCL) which has set guidelines for crew accommodation and welfare. These regulations outline minimum standards for crew seating arrangements including provisions for adequate seating for crew members during rest period.


By Component Analysis


Owing to Technological Advancements and Changing Consumer Preference the Seat Material Segment is the Dominating one


The component segment is categorized into seat structure and seat material. The seat material segment is projected to dominate the market along with highest CAGR during the forecast period owing to the enhance comfort expectations across different sectors, seat materials with enhanced cushioning, support are in demand to provide optimal comfort to users.


Seat structure segment is projected to grow significantly during the forecast period. The growth in the segment is owing to the advanced manufacturing processes, changing safety regulations and increase in demand for custom built seats.


By Point of Sale Analysis


Aftermarket Segment to Dominate the Market Owing to the Rise in Replacement of Old Seats


The market by point of sale is divided into OEM and aftermarket. The aftermarket segment is anticipated to grow at a higher CAGR throughout the forecast period due the rise in replacement of marine seats in various ship types. Additionally, aftermarket products are often priced more competitively compared to OEM productions. This improves the segmental growth during the study period.


The OEM segment is anticipated to grow significantly owing to the rise in fleet size and increased number of contract for installation of advanced and comfortable marine seats with improved design and material.


REGIONAL INSIGHTS


North America Marine Seats Market Size, 2022 (USD Million)

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In terms of geography, the market is divided into North America, Europe, Asia Pacific and the Rest of the World. North America was valued USD 54.9 million in 2022. The growth in this region is owing to the rise in recreational boating, increase in marine tourism, leisure activities, and charter services, more number of boats, yacht manufacturing facilities, and others.


The market in Europe has second largest marine seats market share and is anticipated to witness significant growth through the projection period due to the growing tourism in the region. The swiftly increasing tourism industry in countries such as Italy, France, Greece, Norway, and others is anticipated to surge the demand for passenger ships in the region, thus increasing the demand for seats.


The share in Asia Pacific marine seats market dominated in base year. This growth is owing to the increasing cruising activities in China. Moreover, the presence of shipbuilding companies in South Korea and Japan aids the growth of the market in the region.


Rest of the World is expected to grow during the forecast period owing to the rising trade activities and improving economy in countries such as Brazil. Moreover, growing demand for tourist activities such as water sports and voyages is projected to increase the market in this region.


KEY INDUSTRY PLAYER


Key Players Are Focusing on the Development of Marine Seats Technologies to Improve Ergonomic Properties of the Seat


The market is fragmented with many players. Some of the major market players include NorSap AS, Stidd Systems Inc. Jiangsu Trasea Marine Seating Ltd., and others. The companies are expanding their business through strategic agreements, partnerships, acquisitions, and others. The companies are introducing new technologies and focusing on the innovation of products to sustain their position in the market.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • January 2023– Mayor Daniel J. Lyman of New Jersey has announced that Bridgeport, Connecticut's Hornblower Marine has awarded a USD 9.8 million contract from New Jersey Transit to build the county's second 149-passenger ferry. The Lyman administration received more than USD 46 million in grants from federal and state governments for the Carteret Ferry Terminal

  • February 2022– Allsalt Maritime has introduced the Shoxs Caster suspension seat series designed to provide a smooth ride for offshore boaters. The new Helmcaster and Saltcaster models represent the only full-suspension, all-in-one seating system for recreational boating enthusiasts, eliminating the challenges of fitting seat pans to spring-based shock-absorbing sockets and modules.

  • October 2022– All American Marine (AAM) has won a contract to build a high-speed, long-haul, 150-passenger eco-tour vessel for Phillips Cruises and Tours. The ship will be deployed to Whittier, Alaska upon completion.

  • October 2022– Singaporean shipbuilder Strategic Marine has announced that it has won an order for four crew boats from Malaysian operator Surya Nautica. The ship has a large galley and dry storage, suitable for large, long-stay crew. The passenger saloon features 80 reclining seats arranged as singles or doubles in each row for additional space and privacy.

  • April 2022– Yacht architects and shipbuilders at Alpha Marine Ltd have announced the construction of a new 47-metre diesel-electric superyacht called The First. The yacht will be marketed as the new company ProMarine Yachts S.A. Traded and incorporated in Greece.


REPORT COVERAGE


An Infographic Representation of Marine Seats Market

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The market report provides a detailed analysis of the market. It comprises all major aspects, such as R&D capabilities and optimization of the manufacturing process. Moreover, the market research report offers insights into the Marine Seats market trends and primarily highlights key industry developments, porter’s five forces analysis and others. In addition to the above-mentioned factors, it mainly focuses on several factors that have contributed to the global market growth over recent years.


Report Scope & Segmentation




























































 ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 3.9% from 2023 to 2030



Unit



Value (USD Million)



Segmentation



By Ship Type, Seat Type, Component, Point of Sale, and Geography



By Ship Type



  • Cruise Ship

  • Yacht

  • Container Ship

  • Passenger ship

  • Others



By Seat Type



  • Passenger Seat

  • Captain Seat

  • Crew Seat

  • Others



 



By Component



  • Seat Structure

  • Seat material



 



By Point of Sale



  • OEM

  • Aftermarket



By Geography


 




  • North America (By Ship Type; Seat Type; Component; Point of Sale and Country)

    • U.S. (By Seat Type)

    • Canada (By Seat Type)



  • Europe (By Ship Type; Seat Type; Component; Point of Sale and Country)

    • U.K. (By Seat Type)

    • Germany (By Seat Type)

    • France (By Seat Type)

    • Russia (By Seat Type)

    • Greece (By Seat Type)

    • Norway (By Seat Type)

    • Rest of Europe (By Seat Type)



  • Asia Pacific (By Ship Type; Seat Type; Component; Point of Sale and by Country)

    • China (By Seat Type)

    • Japan (By Seat Type)

    • India (By Seat Type)

    • South Korea (By Seat Type)

    • Rest of Asia-Pacific (By Seat Type)



  • Rest of the World (By Ship Type; Seat Type; Component; Point of Sale and by Region)

    • Middle East & Africa (By Seat Type)

    • Latin America (By Seat Type)








Frequently Asked Questions

As per the Fortune Business Insights study, the market size was USD 398.2 million in 2022.

The market is likely to grow at a CAGR of 3.9% over the forecast period (2023-2030).

Passenger segment is expected to lead the market due to the development of electronics industry globally.

The market size in Greece stood at USD 33.2 million in 2022.

Growing Marine Tourism Industry to Contribute Towards Growth of Market

Some of the top players in the market are NorSap AS (Norway), Stidd Systems Inc. (U.S.), Shockwave Seats (Canada), Jiangsu Trasea Marine Seating Ltd. (China)

Regulatory Compliances and Strict Rules Related to Environment to Hamper Market

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