Marine Interiors Global Market Report 2023

“Marine Interiors Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on marine interiors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for marine interiors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The marine interiors market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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

• Companies Mentioned: R&M Group; Almaco Group; Precetii INC; Kaefer SE & Co. KG; Marine Interiors S.p.A

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the marine interiors market are R&M Group, Almaco Group, Precetii Inc., Kaefer SE & Co. KG, Marine Interiors S.p.A, Mivan Marine, Oy Lautex AB, Bolidt Synthetic Products B.V, Forbo Flooring Systems, Tillberg Design of Sweden, Aros Marine, NORAC AS, Bourne Group, AISTER, and YSA Design.

The global marine interiors market is expected to grow from $3.31 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The marine interiors market is expected to grow to $5.79 billion in 2027 at a CAGR of 11.6%.

The marine interiors market consists of sales of ship interiors, wood false ceilings, glass false ceilings, fiber false ceilings, Barrel chairs, helm chairs, marine recliners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Marine interiors refer to the interior layout, furnishings, and technological features of passenger ships. It encompasses the engineering of objects, usefulness and usability, market placement, and other concerns like seduction, psychology, desire, and the emotional attachment of the user to the object. These are used for designing, building, and delivering turnkey rooms and wet units for cruise ships and other marine vessels.

Europe was the largest region in the marine interiors market in 2022. The regions covered in the marine interior report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main products of marine interiors are ceiling and wall panels, lighting, furniture, galleys and pantries and others. Furniture refers to movable articles, such as tables, chairs, desks, or cabinets, required for use or ornament in a house, office. The ship types are commercial and defense,uses materials such as aluminum, steel, joinery, composites and others. The installations used are new, and refit that are fitted in public areas, passenger areas, crew areas, utility areas, and combatant vessels.

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 December 2020, according to Cruise Lines International Association, a US-based cruise industry trade association, there were more than 200 cruise sailings from early July to mid-December 2020. 270 cruise ships are anticipated to be in service by 2021, with 20 expected to make their debuts. Therefore, the increasing demand for cruise ships is driving the growth of the marine interior market.

The development of lightweight and easy-to-install marine interior products is a key trend gaining popularity in the marine interior market. Major companies operating in the marine interior market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2020, Sika, a Switzerland-based company operating in marine interiors, launched Sikafloor® Marine VEM X, a lightweight visco-elastic powder adhesive for interior decks using visco-elastic technology. This product has a unique,single-component, lightweight viscoelastic mortar whose consistency would be altered to suit the needs of different applications. It would be used in dry or wet lodging spaces and in conjunction with SikaFloor® marine leveling or acoustic systems.

In September 2020, Cockwells Modern & Classic Boatbuilding, an England-based boat builder acquired Hardy Marine for an undisclosed amount. Through this acquisition, both companies aim to build exceptional motor boats that deliver style, reliability, customization, and all the advantages that technological advances can supply in the boat-building market. Hardy Marine is an England-based company boat building.

The countries covered in the marine interiors market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The marine interiors market research report is one of a series of new reports from The Business Research Company that provides marine interiors market statistics, including marine interiors industry global market size, regional shares, competitors with a marine interiors market share, detailed marine interiors market segments, market trends and opportunities, and any further data you may need to thrive in the marine interiors industry. This marine interior market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.