UAE Marine Vinyl Market Size & Outlook, 2023-2030
UAE marine vinyl market, 2018-2030 (US$M)
Related Markets
UAE marine vinyl market highlights
- The UAE marine vinyl market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 1.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.4% 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 0.8 million |
| Market revenue in 2030 | USD 1.1 million |
| Growth rate | 3.4% (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, UAE accounted for 0.2% 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 Middle East & Africa, UAE marine vinyl market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.1 million by 2030.
Cruise ships was the largest segment with a revenue share of 37.5% in 2023. Horizon Databook has segmented the UAE 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.
In the U.A.E., the major factor driving the demand for marine vinyl is the flourishing maritime tourism industry due to initiatives like the Dubai Water Canal project and the development of luxury waterfront properties. Luxury establishments like Pullman Resort offer many water sports such as kayaking, jet skiing, leisure boat trips, and fishing trips.
The high frequency of water sports activities may require high-quality marine vinyl for boat upholstery, covers, seats, and oar grips, boosting the overall product demand in the country.
The increasing popularity of yachting and cruising in destinations like Dubai and Abu Dhabi also creates demand for high-quality marine vinyl products for boat upholstery and furnishings. Additionally, the U.A.E.'s status as a global trade hub and its growing affluent population contribute to the demand for luxury marine products, further fueling the growth of 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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UAE marine vinyl market size, by end use, 2018-2030 (US$M)
UAE Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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