Saudi Arabia Marine Vinyl Market Size & Outlook, 2024-2030
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Saudi Arabia marine vinyl market highlights
- The Saudi Arabia marine vinyl market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 0.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, other end uses 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.
Marine vinyl market data book summary
| Market revenue in 2023 | USD 0.6 million |
| Market revenue in 2030 | USD 0.8 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | Sport Boats |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.2% of the global marine vinyl market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE marine vinyl market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.1 million by 2030.
Saudi Arabia is expected to account for a significant share of the marine vinyl market in the Middle East & Africa over the forecast period owing to continued investments by its government in waterfront development projects.
Moreover, marine tourism in Saudi Arabia is growing due to the rising per capita income of the working population. The Saudi government has been implementing policies and initiatives to promote recreational boating to support the ongoing marine tourism development in the country.
The expanding demand for cruise ships in the country has led many cruise manufacturers to refurbish and renovate their ships, leading to increased product demand. For example, in December 2023, Aroya Cruises, operated by state-backed Cruise Saudi, announced that it is undergoing refurbishment before sailing from Jeddah in 2024.
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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 |
Saudi Arabia 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.
Other End Uses was the largest segment with a revenue share of 66.67% in 2023.
Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is expected to account for a significant share of the marine vinyl market in the Middle East & Africa over the forecast period owing to continued investments by its government in waterfront development projects.
Moreover, marine tourism in Saudi Arabia is growing due to the rising per capita income of the working population. The Saudi government has been implementing policies and initiatives to promote recreational boating to support the ongoing marine tourism development in the country.
The expanding demand for cruise ships in the country has led many cruise manufacturers to refurbish and renovate their ships, leading to increased product demand. For example, in December 2023, Aroya Cruises, operated by state-backed Cruise Saudi, announced that it is undergoing refurbishment before sailing from Jeddah in 2024.
- Saudi Arabia 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 country-level data and insights on the Saudi Arabia Marine Vinyl Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Marine Vinyl Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Marine Vinyl Market, 2018-2030 (US$M)
Saudi Arabia marine vinyl market statistics, by end use, 2018-2030 (US$M)
