The report on the marine seats market provides actionable insights into the marine seats market. It highlights the key dynamics that influence the performance of the marine seats market. Moreover, the report on the marine seats market provides an accurate forecast of the marine seats market in addition to a comprehensive analysis of the marine seats market performance in the recent past. Additionally, the report on marine seats market provides a detailed competitive landscape assessment of the marine seats market.
The marine seats market report highlights the key drivers that propel the growth of the marine seats market along with a list of other macro and microeconomic factors such as trends, opportunities, threats, restraints, and challenges. A segment-wise and region-wise assessment of the marine seats market has also been included in the report.
Regional Players Continue to Hold Bulk Shares of Marine Seats Market
The marine seats market remains highly fragmented with regional players holding the bulk shares of the market. The absence of boat seats manufacturers in areas close to ports and other boating hubs is a vital reason which has allowed the local players to expand their presence in their region. On the other hand, leading market players operating in the marine seats market only account for 15% shares.
Boating industry has joined forces with public and private stakeholders and is all set to propel the tourism industry. According to World Travel Tourism Council, the tourism industry in Europe garners 10.2 percent of total EU GDP, a figure that is projected to rise to 11.2 percent of GDP by 2027.
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Presently, Mediterranean Sea alone woos 70 percent of the world charter activity and is arguably the number one destination for nautical tourism. Inevitably, Boating and water sports are avidly practiced in all European rivers and lakes, as well as in seas and oceans in the continental countries. These aspects are slated to fuel the demand of marine seats in the region. Also, a latest report by the National Marine Manufacturers Association underscores robust growth in the boats sale in the U.S. Moreover, rising fad for luxurious maritime travel has encouraged cruise operators to augment their passenger seating capacity.
Manufacturers vie to offer a myriad of seating solutions for the marine seats market with lightweight and availability in a range of passenger configurations to adhere to the specific layout. Manufacturers are introducing marine seats with anodized aluminum bases and legs, deck track mounting, under seat life jacket and scintillating customizable options. Furthermore, with space saving design with ergonomically efficient and ultra-lightweight, marine seats offer passenger more excellent load capacity and seating options.
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The comprehensive assessment of the competitive landscape of the marine seats market relies on Porters’ Five Force Analysis. In addition, the Porters’ Five Force Analysis delineates the strategies of the leading players in the marine seats market. The in-depth analysis of the pertinent players and their business strategies are propelled by SWOT analysis, company profile, product portfolio and recent development.
Growing Preference for Custom-built Marine Seats to Pave New Opportunities
Demand for custom-built marine seats for cruise, boats, yachts, and other marine vessels is on the rise, in parallel to consumers’ search for comfort, ergonomics and technology. While key marine seats manufacturers continue to eye capitalization on growing demand for customized solutions, boat operators and owners are continuously seeking options to replace their original seating with premium customized marine seats. Additionally, companies are launching new marine seats designs, specifically designed for particular tasks, to lure consumers and boost sales.
Numerous companies are concentrating on the customized solutions, to capitalize on the growing demand. For instance, a company renamed itself from Hydra-Sports Custom to HCB Center Console Yachts to reflect its plan of delivering customized yachts manufactured according to the customers’ requirements. The recent study published by Fact.MR suggests the trend will play a key role in shaping the industry.
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