Marine Interiors Market Sets Sail for Growth Amid Rising Demand for Luxury & Comfort

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.

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Market Trends

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.

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.

By Material

Aluminum
Steel
Joinery
Composites
Others

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Top 10 Companies:-

Almaco,
Naval Interior Team,
Marine Interiors,
Kaefer,
Bolidt,
Mivan Marine,
R&M Group,
Bourne Group,
Trimline,
Forbo Flooring Systems

Questions answered in the marine interiors market research report:

Q. Which are the leading market players active in the marine interiors market?
Q. What would be the detailed impact of COVID-19 on the market?
Q. What current trends would influence the market in the next few years?
Q. What are the driving factors, restraints, and opportunities in the marine interiors market?
Q. What are the projections for the future that would help in taking further strategic steps?

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