UK Marine Vinyl Market Size & Outlook, 2023-2030
UK marine vinyl market, 2018-2030 (US$M)
Related Markets
UK marine vinyl market highlights
- The UK marine vinyl market generated a revenue of USD 15.2 million in 2023 and is expected to reach USD 22.6 million by 2030.
- The UK market is expected to grow at a CAGR of 5.9% 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 15.2 million |
| Market revenue in 2030 | USD 22.6 million |
| Growth rate | 5.9% (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, UK accounted for 4.4% 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 Europe, France marine vinyl market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 12.6 million by 2030.
Cruise ships was the largest segment with a revenue share of 37.5% in 2023. Horizon Databook has segmented the UK 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 demand for marine vinyl in the UK is expected to grow at a significant rate over the forecast period owing to the rising coastal tourism in England and Wales. The leisure marine industry in the UK includes a variety of activities, leisure boatbuilding, recreational marine activities, and a large selection of marine customers.
The UK's recreational boating sector has witnessed a rise in participation, driven by a growing interest in water-based leisure activities. This growth is expected to lead to higher demand for marine-grade materials, including marine vinyl.
Furthermore, the UK offers diverse boating environments, from coastal areas to inland waterways, fostering a robust market for boats that require durable and aesthetic marine vinyl for seating, decking, and interiors. In addition, the country has several popular boating destinations, such as the South Coast, the Norfolk Broads, and the Scottish Highlands.
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Marine Vinyl Market Scope
Marine Vinyl Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK marine vinyl market size, by end use, 2018-2030 (US$M)
UK Marine Vinyl Market Outlook Share, 2023 & 2030 (US$M)
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