Marine Interiors Market Share

Global Marine Interiors Market Overview

Marine Interiors Market Size was valued at USD 2,943.6 million in 2022. The Marine Interiors market industry is projected to grow from USD 3,211.5 million in 2023 to USD 7,893.4 million by 2032, exhibiting a compound annual growth rate (CAGR) of 10.5% during the forecast period (2023 - 2032). The Marine Interiors industry is expected to experience significant growth due to growing demand for cruise ships, environmental regulation, growing demand for eco-friendly materials and technology and growing maritime tourism industry.

FIGURE 1: MARINE INTERIORS MARKET SIZE 2018-2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

MARINE INTERIORS MARKET TRENDS

• Growing Demand For Cruise Ships

Cruise ships require various Interiors components and solutions to provide passengers with a comfortable and luxurious experience. According to a Cruise Lines International Association (CLIA) report, the cruise industry is expected to carry an estimated 30 million passengers globally by 2022, up from 28.5 million in 2018. This growth in the cruise industry is driving demand for innovative and customized Interiors solutions that meet cruise passengers' specific needs and preferences. Furthermore, marine Interiors companies are developing new materials, designs, and technologies to enhance the passenger experience and improve efficiency in cruise ship Interiors. Moreover, cruise ships are increasingly incorporating smart technology to improve cabin comfort, automate functions, and provide personalized services to passengers. These innovative solutions are making cruising a more attractive and comfortable experience for passengers, leading to higher demand for cruises and, in turn, driving demand for marine Interiors. For instance, in 2020, Norwegian Cruise Line introduced its "Cruise Norwegian" mobile app, which allows passengers to book and manage their cruise experience from their smartphones. The app also provides contactless features like mobile check-in and keyless stateroom entry.

MARINE INTERIORS MARKET SEGMENT INSIGHTS:

Marine Interiors Ship Type Insights

By Ship Type, the Marine Interiors market has been categorized as Commercial and Defense. According to MRFR analysis, the Commercial segment is expected to hold the larger market share.

Commercial segment includes cargo vessels, passenger vessels and others. The interiors of commercial ships is designed for the specific needs of the ship type. For instance, passenger's vessels have cabins, restaurants, and entertainment areas, while cargo ships have storage areas. A cargo vessel is a commercial ship designed for transporting goods and cargo across the world's oceans. Commercial ships include a wide range of vessels used for business and trade purposes, including container vessels, tankers, tankers, bulk carriers, and general cargo ships. It is a key part of the global supply chain, carrying raw materials, finished products, and consumer goods between ports and countries. They are typically operated by shipping companies, which contract with cargo owners to transport their goods.

Marine Interiors Product Insights

By Product, the Marine Interiors market has been categorized as Ceilings & Wall Panels, Lighting, Galleys & Pantries, Furniture, and Others. According to MRFR analysis, the Ceilings & Wall Panels segment is projected to hold the largest market share in the Marine Interiors market.

Ceilings and wall panels are crucial components of the marine interiors market, providing aesthetic appeal, insulation, and soundproofing to various vessels. Various companies focus on providing innovative and sustainable solutions for marine vessels. Developing lightweight and fire-resistant panels made from natural fibers will further drive demand in this segment. For instance, in 2019, the Finnish company, Spinnova, developed a new sustainable material made from wood pulp that can be used to manufacture lightweight and fire-resistant panels for marine interiorss. The material is produced using a patented process that involves spinning cellulose fibers into a durable and versatile yarn. The resulting yarn can be woven into various textiles, including wall and ceiling panels, that are both environmentally friendly and fire-resistant.

Marine Interiors Application Insights

By Application, the Marine Interiors market has been categorized as Passenger Area, Public Area, Crew Area and Utility Area. According to MRFR analysis, the Public Area segment is projected to hold the largest market share in the Marine Interiors market.  

This segment includes products and services related to interiors design and furnishing public spaces on ships and boats, such as lobbies, reception areas, conference rooms, and dining areas. Using sustainable and environmentally-friendly materials to create more eco-conscious and cost-effective solutions will further drive demand in this segment. For instance, in 2021, the French company, Gurit, introduced a new range of fire retardant and sustainable composite panels for use in marine public areas. The panels are made from recycled PET foam and natural flax fibers, making them lightweight, durable, and environmentally friendly. The panels also meet the highest safety standards for fire protection, making them a safe and reliable solution for use in public areas.

FIGURE 2: MARINE INTERIORS MARKET SHARE BY APPLICATION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Marine Interiors Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Rest of the World.

The market is led by Europe. The adoption of sustainable materials and practices in marine interior design will drive demand in this region. For instance, in October 2020, the Finnish company Norsepower announced that it had installed two of its Rotor Sails on a ferry operated by the Danish shipping company DFDS. The sails use wind power to reduce fuel consumption and emissions, and the installation was part of a wider program to reduce the environmental impact of shipping. In addition, several companies in Europe are developing new materials and technologies for marine interiors that are more sustainable and environmentally friendly. For example, in September 2020, the Swedish company Polykemi launched a new range of recycled plastic materials for use in marine interior design.

The North America marine interiors market has been growing steadily over the past few years due to an increase in the demand for luxury cruises and yachts. For instance, in September 2021, Celebrity Cruises announced that it had partnered with Berkus to design the new Celebrity Beyond, the third ship in its Edge series. Berkus and his team were responsible for designing the ship's stunning interiors, including its suites, restaurants, lounges, and more.

The Asia-Pacific marine interiors market is a dynamic and rapidly growing industry that is driven by a variety of factors, including the increasing demand for luxury yachts and cruise ships, the growing focus on sustainability and eco-friendliness, and the desire for innovative and culturally relevant designs.

FIGURE 3: MARINE INTERIORS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

MARINE INTERIORS KEY MARKET PLAYERS & COMPETITIVE INSIGHTS

Many global, regional, and local vendors characterize the marine interiors market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality marine interior products to survive and succeed in an intensely competitive market.

During the study, MRFR has analyzed some of the major players in the Marine Interiors Market who have contributed to the market growth. These include ALMACO Group, Aros Marine, Bolidt Systems, Forbo Flooring Systems, Kaefer GmbH, Marine Interiors Spa, Mivan Marine Ltd, NORAC AS, R&M Group, and Trimline Ltd

Marine Interiors Industry Developments

March 2021 - ALMACO Group announced the opening of a new production facility in Brazil to expand their presence in the South American market.

Marine Interiors Market Segmentation:

Marine Interiors Ship Type Outlook:

• Commercial


• Defense

Marine Interiors Product Outlook:

• Ceilings & Wall Panels


• Lighting


• Galleys & Pantries


• Furniture


• Others

Marine Interiors Application Outlook:

• Passenger Area


• Public Area


• Crew Area


• Utility Area

Marine Interiors Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • South America