Marine Interiors Global Market Report 2024

The global marine interiors market has grown rapidly in recent years. It will grow from $3.76 billion in 2023 to $4.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth observed in the historical period can be attributed to several factors, including the expansion of the luxury yacht market, heightened attention to passenger comfort, increased demand for lightweight materials in manufacturing, the growth of commercial shipping operations, and the influence of cultural and regional preferences impacting the maritime industry.

The global marine interiors market is expected to see rapid growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. Anticipated growth in the upcoming period is linked to various factors, including the increasing popularity of expedition cruises, a heightened focus on incorporating sustainable materials, the integration of biophilic design principles into maritime structures, customization tailored for specialty vessels, and the implementation of robust health and safety measures across the industry. Major trends expected in this forecast period encompass a strong emphasis on digitalization, the utilization of virtual and augmented reality in design processes, an increase in renovation and retrofitting projects, advancements in the development of antimicrobial materials, and the evolution of smart ship technologies.

The marine interior market anticipates a significant upswing due to the escalating demand for cruise ships. These vessels, catering to vacationers and visiting various ports, rely on well-designed interiors to revamp and transform areas like galleys, bars, lounges, cabins, and more. Statistics from 2021 revealed over 323 cruise ships globally, accommodating 581,200 passengers, as per Cruise Market Watch, a US-based cruise industry analysis site. This surge in demand for cruise ships acts as a catalyst for the growth of marine interior industries.

A surge in global travel is poised to drive substantial growth in the marine interiors market. This type of travel involves the movement of individuals or groups across international borders for leisure, business, or educational purposes. The marine interior industry benefits from the increasing inclination toward luxurious cruise experiences, offering high-end amenities to travelers. Notably, the United Nations World Tourism Organization reported a significant surge, with an estimated 235 million tourists traveling internationally in the initial three months of May 2023, more than double the figures from 2022. Hence, the escalating global travel trend directly impacts the marine interiors market.

Leading companies in the marine interiors sector are introducing innovative modules like the 'Concept Box' to elevate client engagement and innovation. Trimline, a UK-based marine interior outfitter, unveiled the 'Concept Box' module as part of their Trimline App (TAPP) software. Launched in June 2023, this module, empowered by AI, assists clients in the early phases of interior concept and design. It allows categorization of design concepts by ship and area, facilitating precise exploration of ideas. Through text inputs, clients can articulate design visions and receive real-time, visually captivating design renders, reinforcing Trimline's pioneering status in marine interior outfitting.

Notable players in the marine interiors market are introducing specialized cooling systems, such as marine air conditioners, tailored for small domestic vessels' needs. These systems, designed for boats and ships, cater to specific installation conditions. In November 2023, Daikin MR Engineering, a Japan-based climate control solutions provider for maritime, launched the 'Cabin Partner,' a small marine air conditioner model. This air-cooled system, utilizing the eco-friendly refrigerant R32, adjusts cabin temperature, humidity levels, audio systems, and lighting based on data from sensors, catering precisely to ships' conditions.

In March 2023, Onboard Interiors, a comprehensive interior design firm based in the US, successfully acquired Hood Marine Canvas for an undisclosed sum. This strategic move by Onboard Interiors was intended to merge interior and exterior services, creating a unified platform to provide customers with a seamless, all-inclusive experience. Hood Marine Canvas, a renowned marine fabricator based in the UK, specializes in top-tier canvas work, particularly excelling in sailboat projects. The acquisition solidifies Onboard Interiors' capacity to offer comprehensive solutions spanning both interior and exterior design within the marine industry.

Major companies operating in the marine interiors market report are R&M International GmbH, ALMACO Group Inc., Precetti Inc., Kaefer Isoliertechnik GmbH & Co. KG, Marine Interiors S.p.A., Mivan Marine Ltd., Oy Lautex Ab, Bolidt Kunststoftoepassingen B.V., Forbo Flooring Systems GmbH, Tillberg Design of Sweden AB, Aros Marine AS, NORAC AS, Bourne Group Limited, AISTER S.L., YSA Design AS, Trimline Limited, A. Steadman & Son Limited, CDF Industries LLC, Dansk Wilton A/S, Desso Marine B.V., Fincantieri S.p.A., GTF Freese GmbH, H. Henriksen AS, Havelock Europa PLC, Heinen & Hopman Engineering BV, Karmøy Winch AS, Lufthansa Technik AG, MML Marine Ltd., Ocean Group Inc., P+S Werften GmbH

Europe was the largest region in the marine interiors market share in 2023. The regions covered in the marine interiors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine interiors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products within marine interiors include ceiling and wall panels, lighting fixtures, furniture pieces, galleys, pantries, and other related items. Furniture refers to movable items like tables, chairs, desks, or cabinets used for functional or decorative purposes in residential or office spaces. Ships are categorized as commercial or defense, utilizing materials such as aluminum, steel, joinery, composites, and others. Installations are classified as new or refit, strategically fitted within areas like public spaces, passenger quarters, crew zones, utility sections, and combatant vessels.

This report provides marine interiors market statistics, including marine interiors industry global market size, regional shares, competitors with a marine interiors market share, detailed marine interiors market segments, market trends and opportunities, and any further data you may need to thrive in the marine interiors industry. This marine interior market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The marine interiors market consists of sales of ship interiors, wood false ceilings, glass false ceilings, fiber false ceilings, Barrel chairs, helm chairs, marine recliners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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