Japan Marine Vinyl Market Size & Outlook, 2023-2030
Japan marine vinyl market, 2018-2030 (US$M)
Related Markets
Japan marine vinyl market highlights
- The Japan marine vinyl market generated a revenue of USD 5.7 million in 2023 and is expected to reach USD 9.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.9% 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 5.7 million |
| Market revenue in 2030 | USD 9.0 million |
| Growth rate | 6.9% (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, Japan accounted for 1.7% 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 Asia Pacific, Japan marine vinyl market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 9.0 million by 2030.
Cruise ships was the largest segment with a revenue share of 38.6% in 2023. Horizon Databook has segmented the Japan 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.
Japan has a strong culture of recreational boating with many coastal regions and a significant number of boat owners. According to the International Trade Administration, in 2022, the total Japan’s pleasure boat industry which includes personal watercraft, recreational boat, outboard engine, and yachts, was valued at around USD 204 million.
This has led to the demand for high-quality, durable, and aesthetically pleasing materials for boat interiors and exteriors, which is expected to drive the growth of the marine vinyl market.
Additionally, Japan's stable economic environment supports consumer spending on recreational activities, including boating and marine tourism. This economic stability also encourages investments in high-quality materials like marine vinyl, which is projected to drive its demand over the forecast period.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan marine vinyl market size, by end use, 2018-2030 (US$M)
Japan Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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