North America Marine Vinyl Market Size & Outlook
North America marine vinyl market, 2018-2030 (US$M)
Related Markets
North America marine vinyl market highlights
- The North America marine vinyl market generated a revenue of USD 166.4 million in 2023.
- The market is expected to grow at a CAGR of 4.7% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 166.4 million |
| Market revenue in 2030 | USD 230.2 million |
| Growth rate | 4.7% (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, North America region accounted for 48.8% 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 35.28% in 2023. Horizon Databook has segmented the North America 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.
North America is one of the popular destinations for marine tourism encompassing a wide range of activities such as snorkeling, diving, sailing, and boating. The Pacific Coast, Atlantic Coast, Caribbean, and Gulf of Mexico are a few of the major tourist attractions of the region as they offer coastal cruising, sailing, and kayaking experiences.
Marine tourism significantly contributes to the market growth in the U.S., Canada, and Mexico owing to the rising demand for yachts, sport boats, and cruise ships in these regions. According to a report published by the Cruise Lines International Association (CLIA), the marine tourism industry in North America has been recovering from the effects of COVID-19 for the past two years.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America marine vinyl market size, by country, 2018-2030 (US$M)
North America Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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