Introduction

Marine interior companies design, refit, and deliver internal solutions for commercial and defense ships. A booming maritime tourism industry is a major factor that is expected to continue to support the market growth prospects of the marine interiors industry. The increasing adoption of OLED lighting technology is also creating lucrative business opportunities for this market.

The global marine interiors market is a fragmented market, on account of numerous players operating in this industry. In recent years, the rise in urbanization levels as well as general standards of living, the demand for luxury cruise ships, yachts, and ferries are also subsequently increasing. This has led to a spike in the demand for advanced marine interiors, which are lightweight and easy to install.

Aluminum, composites, steel, and others related materials are primarily used in the making of ship interiors, as they are capable of handling harsh environmental conditions such as increased humidity and moisture content levels. However, composite materials are preferred since this material is light in weight, and can be molded into complex shapes.

Detailed Segmentation

The Global Marine Interiors Market is Segmented on the Basis of Ship Type, Material, Application, Products, and Region.

Based on Ship Type

• Commercial Vessels
• Defense Vessels

Based on Material

• Aluminum
• Steel
• Composites
• Joinery
• Others

Based on Application

• Passenger Area
• Public Area
• Crew Area

Based on Products

• Ceiling and Wall Panels
• Lighting
• Furniture
• Galleys and Pantries
• Others

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Market Dynamics

The demand for products and services offered by the marine tourism industry is increasing due to the ever-changing lifestyles of individuals. A major influential force that is steering the revenue growth of the global marine interiors market, is the increasing demand for cruise ships and luxury yachts, owing to surging purchasing power and consumer spending levels towards leisure activities. Additionally, a surge in the number of new cruise ships, greater dry dock hours, as well as new yacht orders or bookings heavily depend on the marine interiors industry.

Driven by a resurgence in the demand for maritime leisure activities, various cruise ship design and construction processes are now evolving into mega-cruise ships that feature a plethora of luxurious facilities, thereby placing a greater requirement on capital technology and design solution providers.

As customer seek greater levels of scale and amenities, the design of respective cruise ships subsequently leans towards them being more comfortable and luxurious in nature. Since the size of a cruise ship is fixed, the likelihood of overcrowding is highly probable if there are too many passengers on board, thereby negatively affecting the overall experience quality of a cruise vacation that tourists must endure.

The average space that a tourist experiences in both their personal cabins or in a shared public space, will also directly influence the ratings given to a particular cruise. The development of nautical tourism is of utmost importance to the global maritime economy as a whole. Marine interior design combines functionality with aesthetics. Aesthetics is a fundamental element that garners the attention of both owners and clients to the design of a given passenger ship. The creative interior design of a ship lends it a natural flow, thereby maximizing both customer satisfaction and value for money.

High Downtimes in Retrofitting Ships are estimated to potentially restrain market growth opportunities for this global industry to a certain extent.

Key players:

• Almaco
• Aros Marine
• Bolidt Synthetic Products and Systems
• Forbo Flooring
• Marine Interiors
• Oy Lautex Ab
• Precetti Inc
• R & M Group
• Tillberg Design of Sweden.
• Trimline Ltd.
• Mivan Marine Ltd and Mjm Marine
• Norac

Recent Developments

• In February 2020, Trimline signed a contract with TUI Cruises to start the interior refitting of Mein Schiff 4 in Marseille, France.
• In February 2020, Tillberg Design of Sweden lent design specifications for a Norwegian Encore Cruise Ship. The company designed the top guest areas; all cabins and suites, the Aft Main Restaurants, Steakhouse, Los Lobos, and many more restaurants and bars onboard.
• In November 2019, ALMACO signed a contract to deliver 30 new staterooms during an upcoming refit at the Grand Bahama Shipyard by March 2020. The scope of work involves the complete turnkey outfitting of 30 new staterooms on Deck 9.

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For the Marine Interiors Market research study, the following years have been considered to estimate the market size: