Interior of a contemporary minimalist living room with beautiful mountain, ocean and beach view.
The Marine Interiors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Marine Interiors Global Market Report 2024, The marine interiors market size 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 in the historic period can be attributed to luxury yacht market growth, focus on passenger comfort, demand for lightweight materials, expansion of commercial shipping, cultural and regional influences.
The marine interiors market size 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%. The growth in the forecast period can be attributed to rise of expedition cruises, focus on sustainable materials, integration of biophilic design, customization for specialty vessels, health and safety measures.. Major trends in the forecast period include focus on digitalization, use of virtual and augmented reality in design, renovation and retrofitting projects, development of antimicrobial materials, advancements in smart ship technologies.
Increasing demand for cruise ships is expected to propel the growth of the marine interior market going forward. Cruise ships refer to big ship that travels to various ports and brings guests on vacation. Cruise ship interiors help in modifying, renovating, and converting ship galleys, bars, restaurants, pantries, laundries, lounges, restaurants, casinos, spas, fitness centers, as well as cabins and hallways present on the cruise ships. For instance, in 2021, according to Cruise Market Watch, a website that provides analytics about the cruise industry, a US-based cruise industry trade association, there were more than 323 cruise ships worldwide with ocean cruise capacity of 581,200 passengers in 2021. Therefore, the increasing demand for cruise ships is driving the growth of the marine interior market.
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The marine interiors market covered in this report is segmented –
1) By Product: Ceiling and Wall Panels, Lighting, Furniture, Galleys and Pantries, Other Products
2) By Ship Type: Commercial, Defense
3) By Material: Aluminum, Steel, Joinery, Composites, Other Materials
4) By Installation: New, Retrofit
5) By Application: Public Area, Passenger Area, Crew Area, Utility Area, Cambatant Vessels
Major companies operating in the marine interiors market are launching new modules, such as the Concept Box, to innovate and enhance client participation. The ‘Concept Box’ module is a new feature introduced within Trimline’s Trimline App (TAPP) software, designed to assist clients in the early stages of marine interior concept and design. For instance, in June 2023, Trimline, a UK-based marine interior outfitter, launched the ‘Concept Box’ module in their Trimline App (TAPP) software, featuring AI-powered design capabilities for clients in the early stages of concept and design. Clients can categorize concepts by ship and area on their dashboard, allowing precise exploration of design ideas. The ‘Concept Box’ enables clients to articulate interior design visions through text input, generating real-time, visually stunning design render ideas. Trimline’s commitment to innovation, exemplified by the ‘Concept Box,’ reinforces its position as a pioneer in the marine interior outfitting industry, enhancing client-designer communication and efficiency.
The marine interiors market report table of contents includes:
1. Executive Summary
2. Marine Interiors Market Characteristics
3. Marine Interiors Market Trends And Strategies
4. Marine Interiors Market – Macro Economic Scenario
5. Global Marine Interiors Market Size and Growth
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26. South America Marine Interiors Market
27. Brazil Marine Interiors Market
28. Middle East Marine Interiors Market
29. Africa Marine Interiors Market
30. Marine Interiors Market Competitive Landscape And Company Profiles
Top Major Players:
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