Middle East & Africa Marine Vinyl Market Size & Outlook
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MEA marine vinyl market highlights
- The MEA marine vinyl market generated a revenue of USD 7.0 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 7.0 million |
| Market revenue in 2030 | USD 8.7 million |
| Growth rate | 3.2% (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, MEA region accounted for 2.0% 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.
The U.A.E. is investing heavily in marine tourism, including luxury yacht charters, cruise tourism, and waterfront developments. Moreover, countries like Saudi Arabia are developing extensive tourism projects along the Red Sea, including luxury resorts and marine parks, which require durable and aesthetically pleasing marine vinyl for various applications.
The Middle East has a significant population of high-net-worth individuals who invest in luxury yachts and boats, increasing the demand for marine vinyl products. In addition, the development and expansion of marinas and yacht clubs in the U.A.E., Qatar, and Oman support the growing recreational boating industry, leading to higher consumption of marine vinyl over the forecast period.
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Publish Date: Jul 10, 2024
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Herculite Products Inc | View profile | 51-100 | Emigsville, Pennsylvania, United States, North America | herculite.com |
| OMNOVA Solutions, Inc. | View profile | 1001-5000 | Fairlawn, Ohio, United States, North America | www.omnova.com |
| Uniroyal Global Engineered Products Inc | View profile | 294 | 1800 2nd Street, Suite 970, Sarasota, FL, United States, 34236 | www.uniroyalglobal.com |
| Ultrafabrics Holdings Co Ltd | View profile | 331 | 3-20-6 Myoujin-cho, Hachioji First Square, 6th Floor, Hachioji-shi, Tokyo, Japan | www.ultrafabricshd.co.jp |
| Sunbrella | View profile | 1001-5000 | Burlington, North Carolina, United States, North America | sunbrella.com |
| Swavelle | View profile | 51-100 | New York, New York, United States, North America | swavellehospitality.com |
| Charlotte Fabrics | View profile | 11-50 | Minneapolis, Minnesota, United States, North America | www.charlottefabrics.com/ |
| Richloom Fabrics Group | View profile | 251-500 | New York, New York, United States, North America | richloom.com |
| Morbern | View profile | 251-500 | Cornwall, Ontario, Canada, North America | morbern.com |
| Reliatex | View profile | 51-100 | Tampa, Florida, United States, North America | www.reliatex.com |
Middle East & Africa Marine Vinyl Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Marine Vinyl Market Outlook will help companies and investors design strategic landscapes.
Cruise Ships was the largest segment with a revenue share of 34.29% in 2023.
Horizon Databook has segmented the Middle East & Africa 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 U.A.E. is investing heavily in marine tourism, including luxury yacht charters, cruise tourism, and waterfront developments. Moreover, countries like Saudi Arabia are developing extensive tourism projects along the Red Sea, including luxury resorts and marine parks, which require durable and aesthetically pleasing marine vinyl for various applications.
The Middle East has a significant population of high-net-worth individuals who invest in luxury yachts and boats, increasing the demand for marine vinyl products. In addition, the development and expansion of marinas and yacht clubs in the U.A.E., Qatar, and Oman support the growing recreational boating industry, leading to higher consumption of marine vinyl over the forecast period.
- Middle East & Africa Marine Vinyl Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Yachts
- Cruise Ships
- Sport Boats
- Other End Uses
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Marine Vinyl Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Marine Vinyl Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Marine Vinyl Market, 2018-2030 (US$M)
MEA marine vinyl market statistics, by end use, 2018-2030 (US$M)
