Marine Composites Market Analysis

Vessel Type (Power Boats, Sailboats, Cruise Ships, Cargo Vessels, Naval Boats, Jet Boats, Personal Watercraft)

The global marine composites market is segmented and analyzed for demand and supply by vessel type into power boats, sailboats, cruise ships, cargo vessels, naval boats, jet boats, personal watercraft, and others. Out of these, the cargo vessels segment is expected to garner the highest market share by 2037, owing to prevalence of ocean shipping worldwide which could be possible with cargo vessels. It is estimated that around 80% of the goods are transported by ships across the world. Additionally, seaborne trade has been showing a growing trend since 1990, which is expected to increase the utilization rate of marine composites. It is estimated anticipated that from 1990 to 2020, the volume of seaborne cargo transportation doubled, i.e. 4 billion to 10.7 billion tons.

Our in-depth analysis of the global market includes the following segments: