#Global Coastal and Maritime Tourism Market Analysis
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Battling Biofouling: Innovations in Antifouling Coatings
According to the report, the global antifouling coatings market is projected to grow at a compound annual growth rate (CAGR) of 8% over the forecast period of 2022-2028. The market, valued at over USD 7.5 billion in 2022, is expected to exceed USD 12 billion by 2028, driven by increasing demand for maritime vessel maintenance and enhanced marine operational efficiency.
What Are Antifouling Coatings?
Antifouling coatings are specialized marine paints designed to prevent the growth of organisms such as algae, barnacles, and other marine life on the submerged hulls of ships, offshore rigs, and other vessels. These coatings protect vessels from biofouling, which can increase drag and reduce fuel efficiency, thereby lowering operational costs and emissions. By preventing fouling, these coatings help extend the lifespan of marine vessels and structures while improving their overall performance.
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Market Dynamics and Growth Drivers
Several factors are driving the growth of the antifouling coatings market:
Rising Global Shipping Industry: The expansion of global trade and the corresponding increase in shipbuilding activities are major factors fueling demand for antifouling coatings. These coatings are essential for reducing operational costs in the shipping industry by enhancing fuel efficiency and minimizing maintenance needs.
Environmental Regulations: Increasingly stringent environmental regulations aimed at reducing the negative impacts of marine coatings on aquatic ecosystems are prompting innovation in the antifouling coatings sector. The push for eco-friendly, biocide-free coatings that comply with international regulations is creating growth opportunities for sustainable product development.
Growing Offshore Oil and Gas Exploration: Offshore drilling and production activities require antifouling coatings to maintain the efficiency of rigs and other submerged equipment. The rising demand for energy and the continued exploration of offshore oil and gas reserves are driving demand for high-performance coatings in this sector.
Marine Tourism and Recreational Boating: The growth of marine tourism and the recreational boating industry has increased the demand for antifouling coatings, particularly for smaller vessels that frequently operate in coastal waters. These coatings are crucial for maintaining vessel performance and aesthetics.
Market Segmentation and Applications
The antifouling coatings market can be segmented by type, application, and region:
By Type:
Copper-based Coatings: The most commonly used antifouling coatings, known for their effectiveness in preventing biofouling through the release of copper ions.
Biocide-free Coatings: Eco-friendly alternatives that use physical barriers or other non-toxic methods to prevent biofouling, gaining popularity due to environmental concerns.
Self-polishing Coatings: These coatings gradually wear away over time, exposing fresh layers of active ingredients, ensuring long-lasting protection and reducing the need for frequent reapplication.
By Application:
Shipping Vessels: The largest segment, as these vessels operate in marine environments where biofouling is a major issue.
Offshore Rigs and Platforms: Antifouling coatings are essential for maintaining the functionality of offshore structures and equipment, especially in oil and gas exploration.
Fishing Boats and Yachts: Smaller vessels also benefit from antifouling coatings to enhance their speed, fuel efficiency, and longevity.
Aquaculture Nets: Antifouling coatings are applied to aquaculture nets to prevent the growth of organisms that can disrupt fish farming operations.
Regional Analysis
Asia-Pacific: This region dominates the antifouling coatings market, driven by the expanding shipbuilding industry in countries such as China, South Korea, and Japan. The region's extensive coastline and growing maritime trade are key contributors to market growth.
North America: The North American market is supported by a strong demand for antifouling coatings in the shipping and offshore oil sectors. Stricter environmental regulations are also prompting the adoption of eco-friendly antifouling products in the region.
Europe: Europe is a mature market, with increasing focus on sustainable coatings solutions. The region's shipping industry is transitioning to biocide-free antifouling coatings in response to regulatory pressures and environmental concerns.
Latin America and Middle East & Africa: These regions are experiencing steady growth, driven by rising offshore exploration activities and the need for advanced marine coatings to protect ships and offshore structures from biofouling.
Competitive Landscape
The global antifouling coatings market is highly competitive, with leading companies focusing on product innovation, sustainability, and expanding their market presence. Key players in the market include:
AkzoNobel N.V.: A major player offering a wide range of marine coatings, including sustainable antifouling solutions.
PPG Industries, Inc.: Known for its advanced antifouling coatings that combine durability with environmental performance.
Hempel A/S: A leading producer of marine coatings, with a focus on eco-friendly and biocide-free antifouling products.
Jotun Group: Offers innovative antifouling coatings that provide long-lasting protection against biofouling while meeting strict environmental standards.
The Sherwin-Williams Company: Provides a comprehensive range of marine coatings, including antifouling solutions for commercial and recreational vessels.
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Challenges and Opportunities
The antifouling coatings market faces several challenges, including:
Environmental Impact of Traditional Coatings: Many antifouling coatings release biocides, such as copper, into marine environments, raising concerns about their ecological impact. This has led to increasing demand for non-toxic, sustainable alternatives.
Technological Advancements: There is a growing opportunity for companies to develop innovative, eco-friendly antifouling solutions that comply with strict environmental regulations while maintaining high performance.
Cost of High-Performance Coatings: The development and application of advanced antifouling coatings can be expensive, posing a challenge for widespread adoption, especially in cost-sensitive industries.
Conclusion
The global antifouling coatings market is poised for significant growth, driven by the expanding maritime industry, offshore exploration activities, and increasing focus on sustainability. With a projected market value exceeding USD 12 billion by 2028, companies that invest in innovative, eco-friendly coating solutions will be well-positioned to thrive in this evolving market.
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Marine Vinyl Market Size To Reach USD 488.0 Million By 2030
Marine Vinyl Market Growth & Trends
The global marine vinyl market size is expected to reach USD 488.0 million by 2030, growing at a CAGR of 5.3 from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the surging demand for recreational boating, water sports, and yachting in North America and Europe. Furthermore, the expansion of maritime tourism in the Middle East & Africa, the Caribbean, and the Mediterranean is boosting the demand for marinas and waterfronts, thereby driving the product demand.
Marine vinyl is one of the ideal materials designed to withstand the harsh conditions of marine environments as it is highly resistant to tear, punctures, and abrasions. This makes it an ideal material for boat interiors and exteriors wherein constant exposure to physical stress is common. Moreover, marine vinyl is also waterproof. It prevents issues such as rotting, warping, and degrading of the components of the watercraft owing to no water absorption.
Innovations in marine vinyl, such as improved UV resistance, better textures, and enhanced durability, attract more consumers who are looking to renovate or refurbish their recreational boats, cruise ships, and yachts. Trivantage introduced pleated marine vinyl as part of its Nassimi Seaquest, Causeway Roll-N-Pleat, Nautolex Capitano, and Sunbrella Horizon brands. The pleated marine vinyl is durable, easy to clean, does not require specialized machinery for installation, and is available in multiple colors and patterns.
Moreover, the maintenance of marine vinyl is relatively simpler than other materials. It can be easily cleaned with soap and water and hence, has no requirement for special treatment methods or coatings to maintain its appearance and functionality. This ease of maintenance is appealing for outdoor applications wherein frequent cleaning might be necessary. Such factors contribute to the rising product demand for conventional fabrics in marine applications across the world.
Rising concerns among the masses across the world over the environmental impact of using vinyl affect the market growth. PVC contributes more to global warming compared to other types of plastic owing to its high energy consumption and discharges a significant amount of carbon dioxide (CO2) during its manufacturing process. Hence, with the growing awareness regarding climate change, the inclination of consumers toward sustainable alternatives is hampering the market demand.
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Marine Vinyl Market Report Highlights
Based on end use, cruise ships dominated the market in 2023, accounting for a revenue share of 36.86%. This growth is attributed to the extensive use of marine vinyl in seating, upholstery, wall covering, cabin interiors, and outdoor furniture applications due to its versatility, durability, low maintenance, and aesthetic appeal
Marine vinyl is also a preferred material for seating and upholstery on cruise ships, including lounges, dining areas, and outdoor deck furniture. It is resistant to UV rays, saltwater, and mildew, making it ideal for both indoor and outdoor applications. It can also endure heavy use while maintaining its aesthetic appeal, which is crucial for high-traffic areas on cruise ships
North America is projected to be the largest market in terms of revenue, with USD 230.2 million by 2030. The U.S. and Canada have a strong culture of recreational boating. Furthermore, the presence of coastal areas, Great Lakes, and numerous inland waterways has led to a higher demand for boating as well as marine vinyl in the region
The market is characterized as moderately competitive owing to the presence of both regional and multinational players. The key players in this industry are focusing on improving the quality of their products and enhancing their production capabilities. They are also increasingly focused on enhancing the quality of their products and providing customization options for them in terms of color, texture, and size for use in specific applications
Established brands with higher goodwill and a reputation for producing reliable and high-quality marine vinyl products tend to attract more consumers. Brand loyalty is an important factor affecting the buying decisions in the market, where consumers rely on trusted brands to ensure the safety and longevity of their marine upholstery
Marine vinyl can have higher upfront costs than conventional fabrics and materials. This may deter budget-conscious consumers and small businesses from using marine vinyl, especially due to a lack of awareness about its long-term benefits over conventional materials
Marine Vinyl Market Segmentation
Grand View Research has segmented the marine vinyl market based on end use, and region:
Marine Vinyl End Use Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2018 - 2030)
Yachts
Cruise Ships
Sport Boats
Others
Marine Vinyl Regional Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Asia Pacific
China
Singapore
Japan
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
UAE
List of Key Players in the Marine Vinyl Market
Sunbrella
The Swavelle Group
Charlotte Fabrics
Richloom
Morbern Europe BV
OMNOVA North America Inc.
Herculite
Reliatex Inc.
Uniroyal Engineered Products, LLC.
BZ Leather
SPRADLING GROUP
Nassimi LLC
Ultra Fabrics
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Marine Adhesives Market Strategies for Growth, Segmentation, and Market Overview by 2024-2031
The "Marine Adhesives Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Marine Adhesives Market?
Market Analysis and Insights
Global Marine Adhesives Market
Data Bridge Market Research analyses that the marine adhesives market will witness a CAGR of 4.11% for the forecast period of 2022-2029.
Marine adhesives are an automatic seal which blocks passage of fluids. It is also refer as sealant which is a combination of substances obstructing the flow of fluids between the joined surfaces or openings in materials. Marine adhesives are utilized in construction, glass bonding, building commercial ships decorative applications, and yacht and in the construction of expandable boats for military or leisure use.
The rising spending on recreational and leisure activities is the major factor accelerating the growth of the marine adhesives market. Furthermore, rising environmental concerns and regulatory policies and the increasing use of eco-friendly products in various applications are also expected to drive the growth of the marine adhesives market. However, international maritime organization environmental regulation and other maritime environmental regulations restrains the marine adhesives market, whereas, increasing demand for sustainable adhesives will challenge market growth.
In addition, growing coastal and maritime tourism will create ample opportunities for the marine adhesives market.
This market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on marine adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Marine Adhesives market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Marine Adhesives Market.
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Which are the driving factors of the Marine Adhesives market?
The driving factors of the Marine Adhesives market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Marine Adhesives across various industries further propel market expansion.
Marine Adhesives Market - Competitive and Segmentation Analysis:
Global Marine Adhesives Market, By Resin Type (Epoxy, Acrylic, Polyurethane, Others), Substrate (Metals, Composites, Plastics, Others), Vessel (Cargo Ships, Passenger Ships, Boats, Others), Application (Deck Systems, Glazing System, Panel Bonding, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Marine Adhesives market?
Some of the major players operating in the marine adhesives market report are LOTTE Chemical CORPORATION, Fujia Group, Banner Chemicals, Exxon Mobil Corporation, BP p.l.c., SK global chemical Co. Ltd., Total, GS Caltex Corporation, Galp, Marathon Petroleum Corporation, Royal Dutch Shell, TAIYO OIL CO LTD., Idemitsu Kosan Co. Ltd., COSMO ENERGY HOLDINGS Co. Ltd., CITGO Petroleum Corporation, Valero Marketing and Supply Company among other.
Short Description About Marine Adhesives Market:
The Global Marine Adhesives market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Marine Adhesives. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Marine Adhesives Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Marine Adhesives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Marine Adhesives market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Marine Adhesives Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Marine Adhesives market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Marine Adhesives?
What are the upcoming industry applications and trends for Marine Adhesives market?
What Are Projections of Global Marine Adhesives Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Marine Adhesives?
What are the raw materials used for Marine Adhesives manufacturing?
How big is the opportunity for the Marine Adhesives market?
How will the increasing adoption of Marine Adhesives for mining impact the growth rate of the overall market?
How much is the global Marine Adhesives market worth? What was the value of the market In 2020?
Who are the major players operating in the Marine Adhesives market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Marine Adhesives Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Marine Adhesives Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Marine Adhesives Market By Type
Marine Adhesives Market By Function
Marine Adhesives Market By Material
Marine Adhesives Market By End User
Marine Adhesives Market By Region
Marine Adhesives Market: Company Landscape
SWOT Analysis
Company Profiles
Continued...
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#Marine Adhesives Market#Marine Adhesives Market Size#Marine Adhesives Market Share#Marine Adhesives Market Trends#Marine Adhesives Market Growth#Marine Adhesives Market Analysis#Marine Adhesives Market Scope & Opportunity#Marine Adhesives Market Challenges#Marine Adhesives Market Dynamics & Opportunities
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The Rising Tide of Recreational Boating: A Growing Market Fueled by Adventure and Technology
Exploring the Global Phenomenon of Recreational Boating and its Expanding Market
Recreational boating has long been a popular pastime for those seeking adventure and relaxation on the water. From the thrill of jet skiing to the serenity of sailing, boating offers a diverse range of experiences for enthusiasts worldwide. In recent years, the recreational boating market has seen significant growth, driven by advancements in technology, larger boats, a growing high-net-worth population, an improving economy, and a thriving tourism industry.
According to a report by Straits Research, the global recreational boating market was valued at USD 32,169.74 million in 2021 and is projected to reach USD 51,908.38 million by 2030, growing at a CAGR of 5.46% during the forecast period. This surge in demand is fueled by the increasing interest in recreational water sports activities and the development of cutting-edge boats and boat engines.
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Growing Interest towards Recreational Water Sports Activities Drives the Global Market
Recreational boating infrastructure has expanded worldwide, thanks to rising consumer interest in water sports and increased participation by people of all ages. Watersports offer not only the thrill and adrenaline rush of physical exercise but also numerous positive effects on one's health. The market for recreational boating is expanding due to the growing demand for motorized watersports such as jet skiing, sailing, and yachting.
Government authorities in several countries have also recognized the potential of water sports and recreational boating and have actively promoted these activities. Initiatives to popularize water sports have been implemented, further driving the growth of the recreational boating market.
Technological Advancement in Boats and Boat Engines Creates Tremendous Opportunities
The recreational boating industry has witnessed significant technological advancements in recent years. Engine manufacturers are developing high-powered, low-emission engines to meet consumer demand and reduce emissions from boating activities. Boat manufacturers are incorporating advanced technologies such as the internet of things (IoT), artificial intelligence (AI), and smart sensors to provide users with conveniences like GPS tracking, automatic controls, and smart connections.
These technological advancements not only enhance the boating experience but also improve safety and security, increasing the desire of boat owners to venture into deep waters. With the persistent development of cutting-edge boating technology, the recreational boating market is poised for further expansion.
Regional Analysis
Europe holds the largest share of the global recreational boating market, with a projected CAGR of 4.18% during the forecast period. The region's market growth is driven by rising demand for luxury cruisers, increased coastal and maritime tourism, and a growing interest in boating among women and younger people. Germany, in particular, has seen a surge in recreational boating due to the rising demand for waterborne tourism in various destinations.
In North America, the recreational boating market is expected to grow at a CAGR of 5.72%. The region's improving economy and easy access to loans have contributed to an increase in boat sales. The popularity of watersports like waterskiing, surfing, and power boating is also on the rise, further fueling the recreational boating industry.
In Asia-Pacific, countries such as China, India, Japan, and South Korea are experiencing a growing demand for recreational watercraft. China, in particular, has seen government efforts to popularize yachting as a pastime, leading to an increase in the demand for recreational watercraft. Japan is witnessing a rise in the popularity of water sports like water skiing, power boating, fishing, and surfing, driving the expansion of the recreational boating market in the country.
Key Highlights
The global recreational boating market is segmented based on power, product, activity, and size. The engine-powered segment is the highest contributor to the market, with a projected CAGR of 5.78%. In terms of product, inboard boats hold the highest market share, growing at a CAGR of 3.84%.
Watersports and cruising are the dominant activities in the recreational boating market, with a projected CAGR of 4.96%. The less than 30 ft. segment is the largest in terms of size, with a projected CAGR of 3.98%.
The recreational boating market is experiencing significant growth worldwide, driven by the increasing interest in water sports activities, technological advancements in boats and boat engines, and expanding coastal and maritime tourism. As more people seek adventure and relaxation on the water, the demand for recreational boating is expected to continue to rise.
With ongoing developments in boating technology and the incorporation of advanced features, the boating experience is becoming more convenient and safer. Governments are recognizing the potential of recreational boating and water sports and actively promoting these activities. As a result, the recreational boating market is poised for further expansion, offering new opportunities for industry players and enthusiasts alike.
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Marine Seats Market overview, Ongoing Trends, Latest Advancement and Demand 2020 to 2027, At CAGR 3.27%% With Share and Demand Worth USD 683.4 Million
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 demand for marine seats is straight away linked to the marine vessels and international trade, transport, & economic cycles. There has been a decline in maritime trades and transport that has plummeted the demand for acquiring novel vessels 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.
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Report Coverage
The report presents a methodical analysis of the market and a profound review of the prime segments of the market. It delivers an exhaustive examination of prime players and their perceptive strategies to thrust the market growth for fiscal gains. It also shares tangible insights that guide entrepreneurs with their investment standpoints. The regional dynamics and their tactics in shaping the market in an ascending curve are stated in the following report. Furthermore, COVID-19 influences have been added for additional information and the expectations set to affect the demand for marine seats in the upcoming future.
Segmentation
On the basis of ship type, the market is categorized into cruise, yachts, ferry, RO-RO carriers, auto/car carriers, bulk carriers, container ships, tankers, and others.
In terms of seat type, the market is divided into crew seat, passenger seat, general seat, and captain seat. The passenger seat segment is predicted 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.
In regards of component, the market is classified into seat structure and seat material.
Geographically, the global market is branched into North America, Europe, Asia Pacific, and the Rest of the World.
Driving Factors
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.
Regional Insights
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.
Industry Development
September 2021: Scot Seats created and produced replacement seats for the survivor space of the Royal National Lifeboat Institution (RNLI) Severn class lifeboats.
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.)
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.)
Competitive Landscape
Inventive Product Development by Crucial Players to Boost Market Growth
The fundamental players implement numerous tactics to bolster their position in the market as leading companies. One such prime stratagem is procuring companies to reinforce the brand value among users. Another crucial tactic is intermittently developing inventive products with a detailed study of the market and its target audience.
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Yacht Charter Market Future Aspect Analysis and Current Trends by 2016 to 2030
The yacht charter market was worth USD 22.3 million in 2021 and is anticipated to expand at a CAGR of 6.1% over 2022-2030. It is further reckoned to be influencing by various growth inducing factors and accumulate a valuation of USD 40.5 million by 2030.
Chartering a sailboat or motor yacht to travel to different coastal or island sites is known as yachting. Yachts were historically mostly rented for recreational purposes and vacations, but now more and more people are using them for business and political gatherings. The larger boat charter industry includes the yacht charter sector.
Furthermore, due to increased ownership costs for yachts in regions like Europe and North America, there is an increase in marine tourism, aquatic recreational activities, and a preference for yacht chartering over ownership of motor and luxury yachts. Additionally, it is anticipated that the revenue from yacht charter will rise as a result of services like cabin, skippered, and crewed chartering.
The act of renting or chartering a sailboat or motor yacht and sailing to different coastal or island sites is known as yachting. It plays a significant role in the area of service related to recreational boating. It was challenging for the consumers who were active in the recreational boating business to want to maintain the boats because they don't want to miss out on the fun of yachting and sailing. Renting out recreational craft has consequently developed into a key component of maritime tourism. Sales fell as a result of an intensifying trend, however rental boat services were less negatively impacted.
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Global Yacht Charter Market- Segmental assessment
By Type
Motorized Yacht
Sailing Yacht
Others
The motorized segment is likely to showcase a considerable progression by 2030. This is attributable to the various benefits offered by motor yachts including high speed, enhanced power, along with the ability to cover longer distances in lesser time.
By Size
Small
Medium
Large
By Application
Vacation/Leisure
Sailing
Others
The vacation/leisure segment is slated to generate significant returns over the stipulated timeline due to the rising disposable income of the masses and increasing developments in the marine tourism sector.
Top players profiled:-
Northrop & Johnson, Yachtico Inc., Sailogy S.A., Burgess, Ionian Catamarans, IYC, Royal Yacht International, and Princess Yacht Charter
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Frequently Asked Questions
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Which is the fastest growing region in the Global Yacht Charter Market?
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Marine Coatings Market Forecast and Opportunity Assessment by 2028
Stratview Research has published a new report on the Marine Coatings Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.
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The objective of the Marine Coatings Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Marine Coatings Market.
Market Insights – The Marine Coatings Marketis projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Marine Coatings Market are-
PPG Industries
AkzoNobel
Hempel
Sherwin-Williams
Jotun
Chugoku Marine Paints
Nippon Paint.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Marine Coatings Market value and growth drivers over the trend period of 2022-27. According to the report -
Marine Coatings market is likely to witness a healthy CAGR of 4.5% during the forecast period. The major factor influencing the demand for marine coatings is mainly its increasing demand from the shipbuilding & repair industry. Marine coatings possess various properties, such as providing protection to the surfaces and parts of ships from corrosion and abrasion. Further, they improve the visual appearance and aesthetic appeal of surfaces, which in turn, is driving the growth of the market.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as cargo ships, passenger ships, boats, and others. The passenger ships segment is expected to remain the fastest-growing application during the foreseen duration. The growth in the coastal and maritime tourism across the globe is contributing to the growth of the shipping industry in the market.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest marine coatings market during the forecast period, with China, Japan, South Korea, Vietnam, Indonesia, and India, being the major countries with promising growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as industrial, transportation, electronics, and medical, which is generating substantial demand for marine coatings, increase in new shipbuilding projects and programs, and the presence of a large number of marine coatings manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer lucrative growth opportunities during the forecast period.
Know more about the report, click here
Critical Questions Answered in the Report
What are the key trends in the global Marine Coatings Market?
How the Marine Coatings Market (and its various sub-segments) has grown in the last five years?
What would be the growth driver and growth rate in next five years?
What is the impact of COVID-19 on the Marine Coatings Market?
What are the key strategies adopted by the major vendors to lead in the Marine Coatings Market?
What is the market share of the key players?
Target Audience
The following is a list of the customers that the Marine Coatings Market aims to convert the most:
Manufacturing Organizations
Distributors & Suppliers
Potential Investors
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at [email protected] or +1-313-307-4176.
What we do –Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.
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Watercraft Accessories Market Future Trends, Industry Size and Forecast to 2032
The global watercraft accessories market is projected to grow from US$ 6,901.1 Mn in 2021 to US$ 12,382.9 Mn by 2032, with sales growth at a healthy CAGR of 6% throughout the forecast period. Rising demand for watercraft accessories from diverse end use sectors including military & defense, amusement parks, coastal tourism & shipping company, and cargo logistics is a key factor driving growth in the global market.
Watercraft accessories consist of products such as life vests, tow ropes, boat dock line, boat fenders, etc., widely used by professionals and hobbyists for fishing and water sport activities. These accessories play a key role in improving the safety of watercraft passengers during water transportation and other recreational activities.
As recreational boating and water sports become more popular, demand for watercraft accessories is projected to grow at a healthy pace during the forecast period.
Similarly, rapid expansion of tourism industry, introduction of new government regulations, and increasing water parks will have a positive impact on the watercraft accessories market.
Furthermore, increased freight logistics in several geographic regions and growing usage of watercraft in logistics are likely to create lucrative opportunities for watercraft accessories manufacturers in coming years.
Key Takeaways from Market Study
Based on type, the life vest segment is projected to grow at a CAGR of 5% during the forecast period.
By sales channel, the online sales channel segment is projected to create an absolute $ opportunity of US$ 2,996.9 Mn between 2022 and 2032.
Based on end use, coastal tourism & shipping company segment is projected to hold around 27% of the market share in 2022.
TheS. watercraft accessories market is expected to exceed revenues worth US$ 1,802.7 Mn by the end of 2032.
Watercraft accessories market in India is likely to grow at a robust pace of around 2% CAGR during the forecast period.
Demand for watercraft accessories in China is estimated to grow at a value CAGR of 8% between 2022 and 2032.
“Rise in coastal tourism industry and increase in maritime trade activities will continue to provide a strong impetus to the growth of the watercraft accessories market,” says a Future Market Insights analyst.
Market Landscape
Among the industry's key players are Yamaha Motor Corporation, WireC, Bombardier Recreational Products Inc., IRM Offshore and Marine Engineers Private Limited., Covercraft Industries, LLC, BEXCO NV, Kawasaki Motors Corp., AXIOM CORDAGES LIMITED, Samson Rope Technologies, TEUFELBERGER, DAN-FENDER, Garware Technical Fibres Ltd., EVOLUTION TRADING (SHANGHAI) CO.LTD, SHEICO Group, ABSOLUTE OUTDOOR, INC. and others.
These key manufacturers are focusing on increasing their regional market share and are involved in making their direct presence in the local markets by expanding their dealer network. They are collaborating with local distributors to supply their products globally.
Key Segments Covered In Watercraft Accessories Market Analysis
By Type:
Life Vest
Tow Ropes
Boat Dock Line & Storage
Boat Fenders
Boat Cover
Others
By End Use:
Military & Defence
Amusement Parks
Professional & Hobbyist
Coastal Tourism & Shipping Company
Offshore Vessel
Cargo Logistics
By Sales Channel:
Multi Brand Store
Speciality Store
By Region:
North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East & Africa
For More Info@ https://www.futuremarketinsights.com/reports/watercraft-accessories-market
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global watercraft accessories market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global watercraft accessories market based on type, end use, sales channel, and region.
About FMI – Automotive and Transportation
The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.
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Recreational Boating Market Chain Analysis, Upstream Raw Materials Sourcing and Downstream Buyers
Recreational boat, also known as pleasure craft boat, is designed for fun on water surface. Many individual use this for fun and pleasure activities during outing with family and friends. Recreational boating includes many activities such as boat racing, sailing, campaigning, fishing and other water sports game. Recreational boats are made up of plastic, aluminum, coated fabrics. Various types of recreational boats include runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers.
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Change in boat technologies, increased boat size, increasing high net worth population, rising economy, growing tourism industry and innovating in boat engine are attracting more people for recreational boating. This growing interest further drives the recreational boating market across the globe. Currently, recreational boating industry represents only a small fraction of the global leisure industry; however its share is expected to increase in the coming years. This industry was hit hard during global recession as demand in major markets such as the US and Europe suffered a negative impact during economic slowdown.
North America accounts for the largest share in the global recreational boating market. In North America, the U.S. holds the largest share of recreational boat market. Around 34% of the total population of the U.S participates in recreational boating on annual basis. In 2010, about 75 million people in the U.S. participated in recreational boating. The number increased to reach over 88.5 million by 2013 end. Such growth in the participation trend in recreational boating in North America is expected to boost the recreational boating market. Europe is the second largest market for recreational boating after North America. Italy, UK, Germany and France are some of the major recreational boating markets in European region. The share of recreational boating market is expected to grow at higher rate in Europe region as compared to North America. Growing demand of luxury cruisers is expected to help the market growth in the European recreational boating market. Leisure ports and cruise shipping have huge potential for economic growth with low environmental impact. Growing coastal and maritime tourism makes significant contribution in the growth of recreational boating market in Europe. Asia Pacific region is also one of the prominent markets for recreational boating. Rising economy in China, India, Southeast Asia, and Korea and growing interest towards boat riding help in the growth of recreational boating market in Asia Pacific countries. Growing income levels in the developing nations in Asia Pacific region allows the consumers to spend on premium recreational activities such as recreational boating.
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Some of the major companies operating in global recreational boating market are Brunswick Corporation, Azimut-Benetti, Groupe Beneteau, Suzuki Motor Corporation , Platinum Equity, Group Beneteau, Ferretti, Azimut-Benetti, Sunseeker, Rodriguez, Bavarian, Princess, Sealine Attwood, Avon Inflatables, Zodiac Marine & Pool, Baja Marine, Bombardier Recreational Products Incorporated, Brunswick Corporation, Carlisle Paddles, Caterpillar Incorporated, Crusader Marine Engines, Fountain Powerboat Industries Incorporated, General Motors Company, Godfrey Marine, Honda Motor Company Limited, Hydra-Sports Boat, Interphase Technologies, Kawasaki Heavy Industries Limited, KCS International Incorporated, Pleasurecraft Engine Group, Poly Marquis Yach, Tognum AG and Yamaha Motor Company Limited.
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Global Coastal and Maritime Tourism Market Audience, Geographies and Key Players 2026
This report focuses on the global Coastal and Maritime Tourism status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coastal and Maritime Tourism development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
ALSO READ : http://www.marketwatch.com/story/ai-in-games-market-growth-2021-2025-by-covid-19-impact-revenue-profit-leading-companies-opportunities-and-global-industry-trends-2021-01-19
The key players covered in this study
Carnival Corporation
Royal Caribbean
Norwegian Cruise Lines
MSC Cruises
Genting Hong Kong
Disney Cruise
Silversea Cruises (Royal)
Dream Yacht Charter
ALSO READ : https://icrowdnewswire.com/2019/07/09/banana-pulp-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2024/
Market segment by Type, the product can be split into
Cruise Tourism
Yachting and Sailing Tourism
Other
Market segment by Application, split into
Passenger Tickets Service
Onboard and Other Service
ALSO READ : http://www.marketwatch.com/story/frozen-pizza-market-2021-global-share-trends-segmentation-analysis-and-forecast-to-2027-2021-01-18
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
ALSO READ : http://www.marketwatch.com/story/prune-brandy-market-is-growing-with-top-leading-companies-and-good-future-opportunities-for-forecast-period-2021-to-2027-2021-01-19
The study objectives of this report are:
To analyze global Coastal and Maritime Tourism status, future forecast, growth opportunity, key market and key players.
To present the Coastal and Maritime Tourism development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Coastal and Maritime Tourism are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
ALSO READ : http://www.marketwatch.com/story/contact-center-systems-market-growth-2021-2025-by-covid-19-impact-revenue-profit-leading-companies-opportunities-and-global-industry-trends-2021-01-20
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Global Maritime Tourism Market Insights, Overview, Analysis and Forecast 2026
Summary - A new market study, titled “Covid-19 Impact on Global Maritime Tourism Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports.
Maritime tourism refers to those recreational activities which involve travel away from one’s place of residence and have the marine environment or inland waters/waterways as their host or focus, such as sailing, boating, yachting, cruising, nautical sports, Sea angling, Marine wildlife watching and some emerging activities like Sea kayaking, Coastal Rowing, Surfing, Windsurfing etc.
ALSO READ: https://wiseguyreports.wordpress.com/2020/08/12/impact-of-covid-19-outbreak-on-maritime-tourism-market-2020/
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Maritime Tourism market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Maritime Tourism industry.
Based on our recent survey, we have several different scenarios about the Maritime Tourism YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Maritime Tourism will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Maritime Tourism market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Maritime Tourism market in terms of revenue.
Players, stakeholders, and other participants in the global Maritime Tourism market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Maritime Tourism market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Maritime Tourism market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Maritime Tourism market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Maritime Tourism market.
The following players are covered in this report:
Carnival Corporation
Royal Caribbean
Norwegian Cruise Lines
MSC Cruises
Genting Hong Kong
Disney Cruise
Silversea Cruises (Royal)
Dream Yacht Charter
Maritime Tourism Breakdown Data by Type
Cruise Tourism
Yachting and Sailing Tourism
Other
Maritime Tourism Breakdown Data by Application
Passenger Tickets Service
Onboard and Other Service
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5299237-covid-19-impact-on-global-maritime-tourism-market
About Us: Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
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Ph: +162-826-80070 (US)
Ph: +44 203 600 2763 (UK)
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Global Maritime Tourism Market Analysis, Size, Share and Trends 2020-2026
Summary – A new market study, titled "Covid-19 Impact on Global Maritime Tourism Market Size, Status and Forecast 2020-2026" has been featured on WiseGuyReports.
Maritime tourism refers to those recreational activities which involve travel away from one’s place of residence and have the marine environment or inland waters/waterways as their host or focus, such as sailing, boating, yachting, cruising, nautical sports, Sea angling, Marine wildlife watching and some emerging activities like Sea kayaking, Coastal Rowing, Surfing, Windsurfing etc.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Maritime Tourism market in 2020.
Also read – https://wiseguyreports.wordpress.com/2020/08/12/impact-of-covid-19-outbreak-on-maritime-tourism-market-2020/
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Maritime Tourism industry.
Based on our recent survey, we have several different scenarios about the Maritime Tourism YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Maritime Tourism will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Maritime Tourism market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Maritime Tourism market in terms of revenue.
Players, stakeholders, and other participants in the global Maritime Tourism market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Maritime Tourism market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Maritime Tourism market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Maritime Tourism market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Maritime Tourism market.
The following players are covered in this report:
Carnival Corporation
Royal Caribbean
Norwegian Cruise Lines
MSC Cruises
Genting Hong Kong
Disney Cruise
Silversea Cruises (Royal)
Dream Yacht Charter
Maritime Tourism Breakdown Data by Type
Cruise Tourism
Yachting and Sailing Tourism
Other
Maritime Tourism Breakdown Data by Application
Passenger Tickets Service
Onboard and Other Service
For more details - https://www.wiseguyreports.com/reports/5299237-covid-19-impact-on-global-maritime-tourism-market
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Dredging Market – Global Industry Analysis, Size, Share
Dredging Market: Overview
Dredging vessels are specialized vessels that are used for maritime transportation, especially for the transportation of natural materials. Dredging activities are usually taken to deepen or widen the sea bottom or sea channel. The drive for keeping waterways and ports navigable is a key trend in the evolution of the dredging market. A range of underwater construction activities are made possible by the creation of new ports, land reclamation, and coastal protection. Burgeoning water-borne trade in several parts of the world has helped spurred the prospects in the dredging market. Strides being made by maritime construction industry have bolstered the expansion of the dredging market.
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Seaborne trade is one of the key indicators of economic activity. Rising demand for expanding maritime activities in developing nations has helped in the evolution of the dredging market. Mining industry is one of the primary end users of dredging vessels. An example is the use of hydraulic dredges to transport water-ore mixture directly into the plant.
Key product types are cutter suction dredger, suction dredger, barge unloading dredger, and trailing suction hopper dredger.
Dredging Market: Key Trends
Rapid pace of urbanization is a key trend has pushed a significant part of population to coastal areas. Reclaiming of coastal areas is also boosting the expansion of the dredging activities. The dredging market has also gathered traction from rise in tourism activities that involve keeping beaches in good condition. Rising demand for oil and gas, has led energy exploration companies have to look toward remote areas. Rising demand for dredging services in oil and gas industry and beaches is boosting the dredging market.
The growing demand for anti-sludge pathways for boats is also boosting the dredging market. In recent years, more and more coastal areas are experiencing floods, which has generated interest in dredging market. However, sometimes the high cost of dredging activities has dampened the demand in the mining industry.
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Dredging Market: Competitive Analysis and Key Developments
Players in the dredging market are expected to increasingly focus on offering dredging wheels to meet the demands for heavy minerals mining. In 2019 Jan De Nul Group has launched its fourth Ultra-Low Emission vessel (ULEv) in Singapore, which is a medium-sized green vessel. The dredging vessels feature advanced exhaust gas filtering system. The emission control technology is compliant with land and inland waterways emission regulations. Over the years, more such product launches have kept the dredging market lucrative.
Many players are getting into agreements and contracts to consolidate their positions in the dredging market. Cases in point are Great Lakes Dredge & Dock Corporation and National Marine Dredging Company.
Some of the other players in the dredging market are Weeks Marine, Inc., Coastal Dredging Company, Inc., Van Oord N.V., Great Lakes Dredge and Dock Co., Jan De Nul N.V., and Royal Boskalis Westminster N.V.
Dredging Market: Regional Analysis
Some of the regions in the dredging market are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and the Middle East have been lucrative markets. The growth is on the back of rapid strides made by oil and gas industry. Rise in investments on building new dredging vessels is opening new revenue streams in Asia Pacific. Players in the regional market are also focusing on meeting the rising demand in the mining industry.
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Covid-19 Impact on Global Maritime Tourism MarketSize, Share, Development and Forecast Overview forecast year 2020
A new market study, titled “Covid-19 Impact on Global Maritime Tourism Market Size, Status and Forecast 2020-2026” has been fe…
Maritime tourism refers to those recreational activities which involve travel away from one’s place of residence and have the marine environment or inland waters/waterways as their host or focus, such as sailing, boating, yachting, cruising, nautical sports, Sea angling, Marine wildlife watching and some emerging activities like Sea kayaking, Coastal Rowing, Surfing, Windsurfing etc.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Maritime Tourism market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Maritime Tourism industry.
Based on our recent survey, we have several different scenarios about the Maritime Tourism YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Maritime Tourism will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Maritime Tourism market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Maritime Tourism market in terms of revenue.
Players, stakeholders, and other participants in the global Maritime Tourism market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
ALSO READ: https://wiseguyreports.wordpress.com/2020/08/12/impact-of-covid-19-outbreak-on-maritime-tourism-market-2020/
The report offers an exhaustive geographical analysis of the global Maritime Tourism market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Maritime Tourism market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Maritime Tourism market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Maritime Tourism market.
The following players are covered in this report:
Carnival Corporation
Royal Caribbean
Norwegian Cruise Lines
MSC Cruises
Genting Hong Kong
Disney Cruise
Silversea Cruises (Royal)
Dream Yacht Charter
Maritime Tourism Breakdown Data by Type
Cruise Tourism
Yachting and Sailing Tourism
Other
Maritime Tourism Breakdown Data by Application
Passenger Tickets Service
Onboard and Other Service
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5299237-covid-19-impact-on-global-maritime-tourism-market
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The “Coastal and Maritime Tourism Market” reportanalyse the market by countries, by type, by application and by manufacturersand market share by key countries and regions level.
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