Marine Interiors Market Outlook 2028 -
Marine interior market is related to designing, refitting, and delivery of internal solutions for commercial and defense ships. In recent years, owing to rise in urbanization and standard of living, demand for luxury cruise ships, yachts, and ferries is on the rise. This has led to rise in demand for advanced marine interiors, which are lightweight and easy to install. Aluminum, composites, steel, and others are mainly used in making interiors of ships, owing to their capability to handle harsh environmental conditions such as humidity and moisture content. However, composite materials used are preferred since the material is light in weight and can be given complex shapes. The maritime tourism industry is the largest user of marine interiors and one of the major industries that drives growth of the market. Moreover, development in aftermarket refurbishment of ship interiors also supports growth of the market.
Market Scope and Structure Analysis:
Report Metric | Details |
Market size available for years | 2020–2028 |
Base year considered | 2020 |
Forecast period | 2021–2028 |
Forecast units | Value (USD) |
Segments covered | Ship Type, End User, Material, Product, Application, and Region |
COVID-19 Impact Analysis:
The cruise ship and yacht market has been severely affected since their manufacturing units have been shut down due to lockdowns in major countries across the globe. Unavailability of labor has also affected the marine interiors market, owing to COVID-19 as people have to maintain social distancing and avoid travelling due to restrictions. Moreover, the revenue generation has also decreased as all ships have been stranded and banned from entering ports, hence they are not able to load or unload their goods. Furthermore, there was a disruption in supply chain of raw materials required to build marine interiors thus delivery was delayed. In addition, cancellation of number of orders for refurbishment, owing to global slowdown in economy has affected the marine industry, which declined the market growth.
Top Impacting Factors
- Rise in number of refurbishment projects, changing lifestyle of people, and increase in leisure activities drive growth of the market.
- Uneven economic growth, complex customer demand, and fluctuating raw material prices hamper growth of the market.
- Rise in demand for passenger ships from Asian shipyards, new interior designs, and surge in disposable income of consumers act as opportunities for the market growth.
Market Trends
Rise in number of refurbishment projects
Nowadays, cruise companies are constantly updating their interiors to give customers a new experience onboard ships. In addition, cruise companies are focusing on using recyclable products to build their marine interiors and getting rid of leather and fabric materials to make world cleaner and reducing waste generation. For instance, Trimline, a British company, who works in interior refurbishment for all kinds of ships claims that the market for marine interior refurbishment is growing at a very fast rate. In the last three months, the company has worked on eight shipping projects. Trimline also works with several cruise lines & ferry companies that have undergone rebranding. It also has many projects lined up in pipeline for upcoming months. Moreover, since outbreak of the COVID-19, it has started adding COVID-safe catering areas in its interior designs for ships. Therefore, a significant growth in demand for marine interiors is expected to propel growth of the market.
Key Benefits of the Report:
- This study presents the analytical depiction of the marine interiors market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the marine interiors market.
- The current market is quantitatively analyzed from 2020 to 2028 to highlight the market growth scenario.
- The report provides detailed marine interiors market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the marine interiors market research report:
- Which are the leading market players active in the marine interiors market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the marine interiors market?
- What are the projections for the future that would help in taking further strategic steps?
Marine Interiors Market Report Highlights
| Aspects | Details |
 By Ship Type |
|
 By End User |
|
 By Material |
|
 By Product |
|
 By Application |
|
 By Region |
|
 Key Market Players | Mivan Marine, Forbo Flooring Systems, Marine Interiors, R&M Group, Trimline, Kaefer, Almaco, Bolidt, Bourne Group, Naval Interior Team |
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