Marine Interiors Market Forecasts to 2028 – Global Analysis By Material (Aluminium, Composites, Joinery, Steel), Product (Galleys, Furniture, Lighting), Application (Passenger Area, Crew Area, Utility Area) and By Geography
According to Stratistics MRC, the Global Marine Interiors Market is accounted for $2.75 billion in 2020 and is expected to reach $7.62 billion by 2028 growing at a CAGR of 13.6% during the forecast period. Growing maritime tourism industry, rise in river cruise market and growth in refurbishment market is driving the market growth. However, high downtime in retrofitting ships is hampering the growth of the market.
Marine interior design provides the ability to capture the space that is needed early in the design process, allowing interior designers to roughly estimate the area which is required to showcase the essential interior design. The ship’s interior design promotes the reuse of standard details such as panel styles and corner trims, which can be catalogued and reused.
Based on the end user, the refit segment is going to have lucrative growth during the forecast period due to the rising need to upgrade the interior of cruise and yachts every three years. Therefore, various cruise lines are adopting a refurbishment program to improve or partially renovate the ship’s interior, reducing the high capital expenditure. By geography, Europe is going to have high growth during the forecast period due to rising demand for leisure and tourists’ activities in Europe.
Some of the key players profiled in the Marine Interiors Market include ALMACO, Aros Marine, Forbo Flooring Systems, Kaefer, Marine Interiors, Mivan Marine Ltd & MJM Marine, NORAC, OY Lautex AB, Precetti Inc., R&M Group, Terence Disdale, Tillberg Design Of Sweden and Trimline.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Material, Installation, Ship Type, Product, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• New Fit
Ship Types Covered:
• Galleys & Pantries
• Ceiling & Wall Panels
• Public Area
• Passenger Area
• Crew Area
• Utility Area
• Cambatant Vessels
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Marine Interiors Market is majorly driven by growing maritime tourism industry, rise in river cruise market and growth in refurbishment market.
The commercial segment is growing at a highest CAGR owing to the demand being dependent on the cruise ship, and yachts new orderbooks and drydock schedule.
Europe dominated with a significant market share due to the presence of the leading manufacturers of marine interior providers such as Hella, Osram, Lumishore, and Foresti&Saurdi in this region.
Asia Pacific market is growing at a highest CAGR owing to the increasing defense expenditure in India and China and the rising demand for new and advanced naval vessels.
Key players in Marine Interiors Market include ALMACO, Aros Marine, Forbo Flooring Systems, Kaefer, Marine Interiors, Mivan Marine Ltd & MJM Marine, NORAC, OY Lautex AB, Precetti Inc., R&M Group, Terence Disdale, Tillberg Design Of Sweden and Trimline.
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