Asia Pacific Marine Vinyl Market Size & Outlook, 2023-2030
The marine vinyl market in Asia Pacific is expected to reach a projected revenue of US$ 58.7 million by 2030. A compound annual growth rate of 6.2% is expected of Asia Pacific marine vinyl market from 2024 to 2030.
Revenue, 2023 (US$M)
$38.6
Forecast, 2030 (US$M)
$58.7
CAGR, 2024 - 2030
6.2%
Report Coverage
Asia Pacific
Related Markets
Asia Pacific marine vinyl market highlights
- The Asia Pacific marine vinyl market generated a revenue of USD 38.6 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, cruise ships was the largest revenue generating end use in 2023.
- Sport Boats is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 38.6 million |
| Market revenue in 2030 | USD 58.7 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Cruise ships |
| Fastest growing segment | Sport Boats |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Yachts, Cruise Ships, Sport Boats, Other End Uses |
| Key market players worldwide | Herculite Products Inc, Uniroyal Global Engineered Products Inc, Ultrafabrics Holdings Co Ltd, Sunbrella, Swavelle, Charlotte Fabrics, Richloom Fabrics Group, Morbern, OMNOVA Solutions, Inc., Reliatex, BZ leather, Spradling International, Nassimi |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 11.3% of the global marine vinyl market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 58.7 million by 2030.
Cruise ships was the largest segment with a revenue share of 38.34% in 2023. Horizon Databook has segmented the Asia Pacific marine vinyl market based on yachts, cruise ships, sport boats, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the marine vinyl market in the Asia-Pacific can be attributed to several key factors, including economic development, increasing popularity of recreational boating, and the expansion of marine tourism.
Moreover, rapid economic development in countries like China, Japan, India, and Singapore has led to rising disposable incomes, enabling more people to afford recreational activities, including boating.
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Marine Vinyl Market Scope
Marine vinyl market segmentation & scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nassimi | View profile | 11-50 | New York, New York, United States, North America | https://www.nassimi.com |
| Spradling International | View profile | 1001-5000 | Pelham, Alabama, United States, North America | https://spradlingvinyl.com |
| BZ leather | View profile | 51-100 | Dongguang, Guangdong, China, Asia | https://www.bzleather.com |
| Reliatex | View profile | 51-100 | Tampa, Florida, United States, North America | https://www.reliatex.com |
| Morbern | View profile | 251-500 | Cornwall, Ontario, Canada, North America | https://morbern.com |
| Richloom Fabrics Group | View profile | 251-500 | New York, New York, United States, North America | https://richloom.com |
| Charlotte Fabrics | View profile | 11-50 | Minneapolis, Minnesota, United States, North America | https://www.charlottefabrics.com/ |
| Swavelle | View profile | 51-100 | New York, New York, United States, North America | https://swavellehospitality.com |
| Sunbrella | View profile | 1001-5000 | Burlington, North Carolina, United States, North America | https://sunbrella.com |
| Ultrafabrics Holdings Co Ltd | View profile | 331 | 3-20-6 Myoujin-cho, Hachioji First Square, 6th Floor, Hachioji-shi, Tokyo, Japan | https://www.ultrafabricshd.co.jp |
| Uniroyal Global Engineered Products Inc | View profile | 294 | 1800 2nd Street, Suite 970, Sarasota, FL, United States, 34236 | https://www.uniroyalglobal.com |
| OMNOVA Solutions, Inc. | View profile | 1001-5000 | Fairlawn, Ohio, United States, North America | http://www.omnova.com |
| Herculite Products Inc | View profile | 51-100 | Emigsville, Pennsylvania, United States, North America | http://herculite.com |
Asia Pacific marine vinyl market size, by country, 2018-2030 (US$M)
Asia Pacific Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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