Power Boats Account for Major Share in Marine Composite Sales, Opines Fact.MR

Key Market Segments Covered in Marine Composites Industry Research

• By Composite

  • Metal Matrix Composites (MMC)
  • Ceramic Matrix Composites (CMC)
  • Polymer Matrix Composites (PMC)

•  By Fiber

  • Glass Fiber Marine Composites
  • Carbon Fiber Marine Composites
  • Aramid Fiber Marine Composites
  • Natural Fiber Marine Composites

• By Resin

  • Polyester Marine Composites
  • Vinyl Ester Marine Composites
  • Epoxy Marine Composites
  • Thermoplastic Marine Composites
  • Phenolic Marine Composites
  • Acrylic Marine Composites

• By Vessel

  • Marine Composites for Power Boats
  • Marine Composites for Sailboats
  • Marine Composites for Cruise Ships
  • Marine Composites for Cargo Vessels
  • Marine Composites for Naval Boats
  • Marine Composites for Jet Boats
  • Marine Composites for Personal Watercraft

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Marine Composites Market- Scope of Report

A recent study by Fact.MR on the marine composites market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering marine composites.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing marine composites, along with their product portfolios, key strategies, and SWOT analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, and revenue generation across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue of marine composites market during the forecast period.

Market Size Evaluation

The market has been analysed for each market segment in terms of volume (`000units), and value (US$ Mn).

Market estimates at global and regional levels for marine composites are available in terms of “US$ Mn” for value and in ‘’’000 units for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the revenue perspective in the global marine composites market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on revenue for marine composites have been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of marine composites, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering marine composites have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the marine composites market.

Key Takeaways from Market Study

• Key factors driving demand for marine composites are rise in recreational boating activities and multifunctional properties of marine composites that are beneficial for the marine industry.
• North America is one of the lucrative markets for marine composites, and is projected to surpass US$ 700 Mn by 2031.

• Asia Pacific has emerged as one of the leading regional markets for marine composites, and accounts for 39%market share.
• Global demand for carbon fiber polymer matrix composites is expected to surge at a CARG of 7% across the forecast period.
• Powerboats are anticipated to be significant vessels for the application of marine composites, and this segment is expected to register a CAGR of 4% through 2031.

“Increased inclination of people towards recreational boating and cruising activities to propel demand for composites from the marine industry,” says a Fact.MR analyst.