Marine Seats Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Cruise, yachts, Ferry, RO-RO Carriers, Auto/Car Carriers, Bulk Carriers, Container Ships, Tankers, others), By Seat Type (Crew Seat, Passenger Seat, General Seat, Captain Seat), By Component (Seat Structure, Seat Material) and Regional Forecast, 2021-2028

The global marine seats market size 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. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited a decline of -8.72% in 2020. The sudden rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.

Marine seats are used for seating purpose in various types of commercial as well as defense vessels.

The seats are generally mounted over the deck or under the deck as required for the application. The growing demand for recreational activities and leisure voyages is expected to drive the growth of this market.

COVID-19 IMPACT  

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

The marine shipbuilding and seat manufacturer’s facilities have been impacted by the coronavirus. The workforce was limited in most of the facilities across the globe. The pandemic has also impacted the new contracts, logistic ecosystem, and service providers.

The aftermarket demand hampered due to the pandemic. The slowdown in the commercial shipping domain specifically ferries and yachts has significantly impacted the market growth. The long term negative impact was observed from year 2019 to 2022. However, it is observed the demand will improve post 2022.

LATEST TRENDS

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Development of Shock Mitigating Marine Seats 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 latest 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 prospective towards the marine 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 marine seats market growth.

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 marine 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.

Such rise in demand for customization is predicted to support the growth of the global market.

RESTRAINING FACTOR

Strict Rules Related to Environmental Protection to Hamper Market Development

International organizations and governments of several countries have imposed various regulations related to environmental protection to minimize the harmful effects of the vessels on the environment. Moreover, several regulations imposed by International Maritime Organization (IMO) on passenger ships such as cruise, ferry yachts, and others related to safety and environment are expected to hamper the growth of the market.

SEGMENTATION

By Ship Type Analysis

Cruise Segment to Rule Market Due to Increasing Cruising Demand in Developing Countries

Based on ship type, the market is classified into cruise, yachts, ferry, RO-RO carriers, auto/car carriers, bulk carriers, container ships, tankers, and others. The cruise segment is expected to dominate the market in 2020 owing to the increased demand for cruising in developing countries. The ferry segment is anticipated to showcase substantial growth during the forecast period due to growing demand for water-based public transportation in tourism.

In others category, research vessels, fishing vessels, recreational boats, rescue boats, and others are considered. Increasing fishing and oil & gas exploration activities is anticipated to surge the demand for marine seats.

By Seat Type Analysis

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Passenger Seat Segment to Lead the Market Owing to Increasing Sea Passenger Traffic

Based on the seat type, the market is segmented into crew seat, passenger seat, general seat, and captain seat.

The passenger seat segment is estimated to be the largest segment in 2020 due to the growing sea passenger traffic which is predicted to increase the demand for passenger seats during the forecast period.  The captain seat segment is anticipated to grow at highest CAGR during the 2021-2028 period. The growth of the segment can be accredited to the rising demand for technologically advanced helm seats for cruises and yachts.

Growing ship capacity for accommodating larger crew is anticipated to augment the growth of the market.

By Component Analysis

Seat Structure Segment to Hold Largest Market Share Owing to Rise in Replacement of Old Seats

Based on component, the market is divided into seat structure and seat material.

The seat structure segment is expected to lead the market and grow at higher compound annual growth rate owing to the rise in replacement of old seat structures with technologically advanced, ergonomic seats. Moreover, harsh environments in ocean leads to early replacement of the seat structure. 

The seat material segment is predicted to grow swiftly due to the increasing demand for development of lightweight and strong marine seats.

REGIONAL INSIGHTS

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The global market is segmented, based on region, into North America, Europe, Asia Pacific, and the Rest of the World.

North America is anticipated to dominate the global marine seats market. The growth is attributed to the growing demand for leisure activities and voyages in the U.S. and Canada.

Asia Pacific is expected to grow at higher CAGR throughout the forecast period 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.

The market in Europe 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, and others is anticipated to surge the demand for passenger ships in the region, thus increasing the demand for marine seats.

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 voyage.

KEY INDUSTRY PLAYERS

Key Players Are Focusing on 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 by strategic agreements, partnerships, acquisitions, and others. The companies are introducing new technologies and focusing on innovation of products to sustain their position in the market.

LIST OF KEY COMPANIES PROFILED:

• NorSap AS (Norway)


• Stidd Systems Inc. (U.S.)


• Shockwave Seats (Canada)


• Jiangsu Trasea Marine Seating Ltd. (China)


• ScotSeat Group (U.K.)


• Springfield Marine Company (U.S.)


• Ullman Dynamics (Sweden)


• Alu Design & Services AS (Norway)


• Todd Marine (U.S.)


• Cleemann Chair-Systems GmbH (Germany)


• TEK Seating (U.K.)

KEY INDUSTRY DEVELOPMENTS:

• November 2021 – Jiangsu Trasea Marine Seating Ltd. developed a new plastic foldable armrest for passenger boats.


• September 2021 – Scot Seats designed and manufactured replacement seats for the survivor space of the Royal National Lifeboat Institution (RNLI) Severn class lifeboats.

REPORT COVERAGE

An Infographic Representation of Marine Seats Market

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The global marine seats market research report provides a detailed analysis of the market and focuses on key aspects, such as key players, ship types, seat types, and component of seat type commercial and military. Moreover, the research report offers insights on market trends, competitive landscape, market competition, product pricing, market status, and highlights key industry developments. In addition to the factors mentioned above, the market report encompasses several direct and indirect factors that have contributed to the sizing of the global market covering commercial and military aspect over recent years.

Report Scope & Segmentation