Dublin, Nov. 29, 2024 (GLOBE NEWSWIRE) -- The "Recreational Boat Engine Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global recreational boat engine seals market size was US$ 99 million in 2023 and is forecast to grow at a healthy CAGR of 2.2% in the long run to reach US$ 114 million in 2030.
The rising popularity of outdoor leisure activities, growing demand for seals for replacement, and the implementation of stringent government policies like emission control across different regions are compelling the market growth. Moreover, manufacturers, such as Mercury Marine and Yamaha, are integrating advanced fuel injection systems into their latest outboard motors, and along with innovations in materials science and engineering are driving the development of high-performance seals for recreational boat engines.
By Application Type
- The global recreational boat engine seals market is segmented into outdoor engines, PWC engines, inboard engines, and jetboat engines.
- Outboard engine application is expected to remain dominant and the PWC engine is anticipated to be the fastest-growing application in the market during the forecast period. In an outboard engine, there are more than about 45 seals present, out of which O-rings hold the major share.
- Increasing usage in beach tourism, as well as the development of artificial and man-made beaches in landlocked cities (water and theme parks) and urban areas.
By Product Type
- The market is segmented into O-rings, Oil Seals, Gaskets, and Others.
- O-rings are expected to remain the dominant and oil seals are the fastest-growing product in the market during the forecast period. Key advantages of these products include excellent resistance to abrasion, temperature extremes, and chemical exposure, ensuring long-term reliability in marine environments.
- The majority of O-rings are manufactured using elastomers, such as EPDM and NBR.
By Material Type
- The market is segmented into elastomer seals, thermoplastic seals, and metal seals.
- Elastomer Seals is expected to remain the dominant and thermoplastic seals is anticipated to be the fastest-growing material type in the market during the forecast period. Marine environments pose challenges with saltwater, UV rays, and extreme temperatures. Elastomers offer exceptional durability and reliability in these harsh conditions.
By Motion Type
- The market is segmented into static applications and dynamic applications.
- Static application is expected to remain dominant in the market during the forecast period. O-rings and gaskets are crucial for sealing non-moving parts in engines, especially those found in PWCs and jet boats, which drive the demand for these static seals.
By End-User Type
- The market is segmented into OE and Aftermarket.
- Aftermarket is expected to remain the dominant in the market during the forecast period. Owing to wear and tear over time due to exposure to water, weather conditions, and mechanical stress seals need to be replaced after their shelf life, which drives the aftermarket demand.
Regional Analysis
- In terms of region, North America is expected to remain the largest market for recreational boat engine seals during the forecast period.
- North America is the dominant region due to the presence of many key players in this region and the presence of a huge fleet of recreational boats.
- Huge dominance of the USA in the region, well supported by Canada, the second-largest market in the world.
- Asia-Pacific is poised to emerge as the fastest-growing market owing to increasing marine tourism among various countries in the region which drives the demand for recreational boat engine seals. Recreational boating is gaining traction, particularly in countries, such as Australia, Japan, and South Korea. These markets continue driving the demand.
Key Players
The market is low to moderately concentrated with the presence of a huge number of players across regions The majority of companies provide seals for recreational boat engines. The following are the key players in the recreational boat engine seals market:
Top Players in the Recreational Boat Engine Seals Market include:
- Engineered Marine Products
- GLM Products
- Recambios Marinos Group
- SIERRA International
- Dobson Gaskets
- Duramax Marine
- Kemp Propulsion Systems
- Trim-Lok
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Key Topics Covered:
1. Executive Summary: A Bird's Eye View of the Market
2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
2.1. Supply Chain Analysis (Identification of Key Players/Thickness across the Value Chain)
2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
2.4. Key Trends (Key Industry as well as Market Trends Shaping the Market Dynamics)
2.5. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
2.6. Market Challenges (Study of Factors Hindrance the Adoption/Growth)
3. Global Recreational Boat Engine Seals Market Assessment (2018-2030) (US$ Million)
3.1. Global Recreational Boat Engine Seals Market Trend and Forecast (US$ Million)
3.2. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
3.3. COVID-19 Impact Assessment and Expected Recovery Curve
4. Global Recreational Boat Engine Seals Market Segments' Analysis (2018-2030) (US$ Million)
4.1. Application-Type Analysis
4.1.1. Outboard Engines
4.1.2. PWC Engines
4.1.3. Inboard Engines
4.1.4. Jetboat Engines
4.2. Product-Type Analysis
4.2.1. O-Rings
4.2.2. Oil Seals
4.2.3. Gaskets
4.2.4. Others
4.3. Material-Type Analysis
4.3.1. Elastomer Seals
4.3.2. Thermoplastic Seals
4.3.3. Metal Seals
4.4. Motion-Type Analysis
4.4.1. Static Application
4.4.2. Dynamic Applications
4.5. End-User-Type Analysis
4.5.1. OE
4.5.2. Aftermarket
4.6. Regional Analysis
5. Competitive Analysis
5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
5.2. Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
5.3. Market Share Analysis (Key Players and their Respective Shares)
5.4. Product Portfolio Mapping (Map their Presence in Different Market Categories)
5.5. Geographical Presence (Map their Geographical Presence)
5.6. Key Target Areas for Product Development (Understand the Industry Focus while Development)
5.7. M&A's, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
5.8. Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
6.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
6.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)
7. Company Profile of Key Players
- Dobson Gaskets
- Duramax Marine
- Engineered Marine Products
- GLM Products Inc.
- Kemp Propulsion Systems
- Recambios Marinos
- SIERRA International
- Trim-Lok
For more information about this report visit https://www.researchandmarkets.com/r/sq8447
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