Europe Marine Vinyl Market Size & Outlook, 2023-2030
Europe marine vinyl market, 2018-2030 (US$M)
Related Markets
Europe marine vinyl market highlights
- The Europe marine vinyl market generated a revenue of USD 118.8 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 118.8 million |
| Market revenue in 2030 | USD 175.8 million |
| Growth rate | 5.8% (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, Europe region accounted for 34.9% 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 38.64% in 2023. Horizon Databook has segmented the Europe 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.
Europe comprises many developed economies, such as Germany, the UK, Spain, and France, with a well-established marine tourism sector driving the demand for marine vinyl in the region. Europe’s coastal region is among the most popular tourist destinations for domestic and international visitors.
This makes coastal and maritime tourism one of the largest and fastest-growing sectors of Europe’s Blue Economy, in terms of Gross Value Added (GVA), which is further expected to boost the demand for marine vinyl in the coming years.
According to the European Boating Industry, Europe has 37,000 km of inland waterways and more than 70,000 km of coastline. It is home to more than 36 million boaters who regularly engage in recreational activities such as cruising, fishing, kayaking, and water sports. Thus, the growing trend for marine recreational activities in Europe is projected to drive the marine vinyl market.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe marine vinyl market size, by country, 2018-2030 (US$M)
Europe Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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