U.S. Marine Vinyl Market Size & Outlook, 2023-2030
The marine vinyl market in the United States is expected to reach a projected revenue of US$ 124.8 million by 2030. A compound annual growth rate of 4.3% is expected of the United States marine vinyl market from 2024 to 2030.
Revenue, 2023 (US$M)
$93.2
Forecast, 2030 (US$M)
$124.8
CAGR, 2024 - 2030
4.3%
Report Coverage
U.S.
Related Markets
U.S. marine vinyl market highlights
- The U.S. marine vinyl market generated a revenue of USD 93.2 million in 2023 and is expected to reach USD 124.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.3% 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.
Marine vinyl market data book summary
| Market revenue in 2023 | USD 93.2 million |
| Market revenue in 2030 | USD 124.8 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Cruise ships |
| 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, U.S. accounted for 27.3% 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 North America, U.S. marine vinyl market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 100.5 million by 2030.
Cruise ships was the largest segment with a revenue share of 34.87% in 2023. Horizon Databook has segmented the U.S. 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.S. dominated the marine vinyl market in North America in 2023 as its coasts are a hub for travel, tourism, and recreation. According to the National Marine Manufacturers Association (NMMA), in 2022, the annual sales of boats, marine products, and services were estimated to be USD 59.30 billion. This trend is expected to continue over the forecast period, supporting the demand for marine vinyl in the U.S.
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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 |
U.S. marine vinyl market size, by sport boats, 2018-2030 (US$M)
U.S. Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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