Canada Marine Vinyl Market Size & Outlook, 2023-2030
Canada marine vinyl market, 2018-2030 (US$M)
Related Markets
Canada marine vinyl market highlights
- The Canada marine vinyl market generated a revenue of USD 69.7 million in 2023 and is expected to reach USD 100.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.4% 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 69.7 million |
| Market revenue in 2030 | USD 100.5 million |
| Growth rate | 5.4% (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, Canada accounted for 20.5% 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 35.87% in 2023. Horizon Databook has segmented the Canada 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 marine vinyl market in Canada is expected to witness substantial growth owing to the growing marine tourism industry. This is attributed to the increasing population, urbanization, and high rate of migration.
The growth is attributed to the rising number of tourists traveling to the coast after pandemic restrictions and lockdowns were lifted. This trend is projected to boost the demand for marine vinyl products in Canada.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada marine vinyl market size, by end use, 2018-2030 (US$M)
Canada Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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