The global yacht shell doors market is estimated to create an incremental opportunity on nearly US$ 315 Mn by the end of 2022. The demand for yacht shell doors is expected to rise at 6% to 7% CAGR over the forecast period 2022-2032, in comparison to the 2.8% CAGR register between 2016 and 2021.
Rising inclination of customers towards new advanced hatches and doors is projected to stimulate the growth in the market. On account of this, the sales of yacht shell doors are anticipated to exceed US$ 550 Mn by 2032.
| Report Attribute | Details |
| Yacht Shell Doors Market Base Year Value (2021) | US$ 305 Million |
| Yacht Shell Doors Market Expected Value (2022) | US$ 315 Million |
| Yacht Shell Doors Market Anticipated Value (2032) | US$ 550 Million |
| Yacht Shell Doors Market Register Growth Rate (2016-2021) | 2.8% CAGR |
| Yacht Shell Doors Market Projected Growth Rate (2022-2032) | 6% to 7% CAGR |
Yacht shell doors are watertight platforms or doors with sophisticated aesthetics which are installed on the lower side of marine vessels or recreational yachts. They are used for various applications such as deployment of lifeboats or other rafts, loading & off-loading goods, and others.
Shell doors for marine vessels are available with several types of openings such as simple hinged upward, downward opening, roto-translating hinged upward opening, and pantograph side hinged opening with hydraulic or electrical powered, providing ease of use with aesthetics.
These doors are made with strong materials such as stainless steel, aluminum, and steel for providing high durability, reliability, and safety under uncertain weather conditions such as cyclones, high tides, storms, and others. Attributed to this, yacht shell doors are increasingly being deployed in numerous marine vessels such as ferries, cruise ships, mega yachts and research vessels among others. This is projected to augment the demand for yacht shell doors in the market.
Watertight doors such as yacht shell doors minimize water flooding in the deck during a collision of the vessel, grounding, or under structural damage conditions, thus, declining the risk of sinking. These doors are increasingly gaining popularity across the shipbuilding and marine vehicle sectors, owing to their aesthetic attributes and convenience in loading and offloading of goods, which is in turn, spurring the sales of yacht shell doors in the market.
Rising number of high-net-worth individuals (HNWI) and increasing inclination towards recreational & leisure activities, owing to rapids expansion of the tourism industry, has resulted in accelerating the sales of marine vessels such as yachts, ferries, boats, and cruise ships, globally.
For instance, according to a study by the National Marine Manufacturers Association, approximately 329,000 units of boats were reported to be sold across the U.S. in the year 2020, which is 13% more as compared to the sales in 2019.
The study also shows that the sales of saltwater fishing boats, freshwater fishing boats, jet boats, and cruisers have reached double-digit highs in 2020. This rise in sales of marine vessels is anticipated to accelerate the demand for all the components deployed in them, including yacht shell doors, thereby bolstering the growth in the market.
Despite numerous benefits associated with yacht shell doors, high cost of these watertight doors and need for constant maintenance due to the frequent usage and contact with a highly corrosive environment is hindering the sales in the market.
In addition to this, shifting consumer preference from using electrically-powered yacht shell doors due to high risk of electric shock in presence of conductive salty seawater, inability to open in case of sinking, and more expensive than hydraulic ones are factors hampering the demand in the market.
As per Future Market Insights, North America is anticipated to account for a significant share in the global yacht shell doors market between 2022 and 2032.
With rapidly expanding tourism industry and rising consumer spending on recreation activities across North America, a substantial rise in sales of marine vehicles is being witnessed in the countries such as the U.S. and Canada.
In addition to this, implementation of stringent regulations concerning the safety of passengers in the sea has resulted in propelling the demand for yacht shell doors. Thus, leading players in the market are increasingly focusing on developing and launching novel water-tight and blast-proof yacht shell doors. This is estimated to drive the sales in the North America market.
FMI reveals that Western Europe is anticipated to register growth at healthy CAGR in the global yacht shell doors market over the forecast period 2022-2032.
As consumer spending on recreational & leisure activities continues to grow across the countries such as the U.K., the Netherlands, Italy, and others, demand for recreational boats and yachts is rapidly increasing. Citing this trend, several marine vehicle manufacturers are increasingly aiming at launching novel vessels to cater to this surging demand.
For instance, in 2020, Feadship, a Dutch manufacturer of Yachts announced unveiling its new 76.5-meter motor yacht, Boardwalk with 2 MTU engines, steel hull, aluminum superstructure, and over 4 shell doors. A slew of such launches is estimated to drive the growth in the Western Europe yacht shell doors market.
Some of the leading players in the yacht shell doors market are Sea Power, Ocean Group, Cramm, Fassmer GmbH & Co. KG., SeaNet SA, Cen-Tex Marine, AdvanTec Marine, Houdini Marine Windows, Saajos Group, and others
Attributed to the presence of such high number of participants and increasing emphasis on innovation and development through entering into collaboration, partnership, and acquisition, the market is highly competitive.
| Report Attribute | Details |
| Growth Rate | CAGR of 6% to 7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the sales of yacht shell doors in the market is expected to rise at 6% to 7% value CAGR by 2032
The global yacht shell doors market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.
Sea Power, Ocean Group, Cramm, Fassmer GmbH & Co. KG., SeaNet SA, Cen-Tex Marine, AdvanTec Marine, Houdini Marine Windows, Saajos Group, and others some of the leading players in the prominent yacht shell doors market.
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