Marine interior design provides the ability to capture the space needed early in the design process, allowing interior designers to roughly estimate the area required to showcase the essential interior design. The ship’s interior design promotes the reuse of standard details such as corner trims and panel styles, which can be cataloged and reused.
The global marine interiors market expected to increase market value by USD 5.5 billion, with spurring CAGR in the forecast period from 2020-2027. The main growth driver that drives the size of the marine interior design market is due to rising demand for luxury cruises and yachts coupled with increasing purchasing power and the rising spending of individuals on leisure fuel market demand.
Driven by the effects of economies of scale, cruise ships’ design and construction are marching towards mega-cruise ships with complete functions and luxurious facilities, putting higher requirements on capital, technology, and design. While developing in the direction of large-scale, cruise ships’ design also tends to be more comfortable and luxurious. Since the size of the Cruise fixed, crowding will occur if there are too many passengers, which affects the tourists’ feelings about the quality of the cruise holiday. The average size of each tourist’s space in the cabin or public space directly affects Cruise’s evaluation.
Moreover, marine tourism is one of the largest industries in the world’s maritime economy. The development of nautical tourism is inseparable. Marine interior design combines the functional with the aesthetic. The aesthetic is a fundamental element in attracting both ship-owners and customers to a passenger ship design. Creative interior design in ships encourages passengers’ natural flow throughout the ship, maximizing both customer satisfaction and money.
The demand for the marine tourism industry is increasing due to the changing lifestyle of people and increasing leisure activities also contribute to driving the market share for the marine interiors market. Moreover, increasing cruise ships, drydocks schedule, and yachts new order books are majorly dependent on marine interiors.
The rising economic conditions in various countries fuel the consumer’s spending power in leisure and luxury places and goods. Therefore, rising living standards and purchasing power drive the market of marine tourism, bolstering marine interiors’ market share. The rising demand for marine interiors is propelling majorly to provide comfort, leisure, aesthetic appeal to the clients for their enjoyment.
Based on the type, the global marine interiors market bifurcated into Commercial, Defense. The commercial segment is dominating the maximum share of the global marine interiors market in the forecast period. It is mainly due to the rising demand for the cruise ship and yachts due to its interiors, which depend entirely on the cruise ship order book.
Based on the end-user, the global marine interiors market segmented into New Fit, Refit. The refit segment dominates the market share for the global marine interiors market. It is mainly due to the rising need to upgrade the interior of Cruise and yachts every three years. Therefore, various cruise lines are adopting a refurbishment program to improve or partially renovate the ship’s interior, reducing the high capital expenditure.
Based on the material, the global marine interiors market segmented into Aluminum, Steel, Joinery, Composites. The composites segment captures the highest share in the global marine interior market in the forecast period from 2020-2027. It is mainly due to the unique characteristics of composites that offer a considerable potential in weight-saving that helps in making complex shape structure. Thus, use in manufacturing superstructures that have non-corroding finish and provide versatility.
Based on the product, the global marine interiors market categorized into Ceilings & Wall Panels, Furniture, Galleys & Pantries, Lighting. The furniture segment dominates the market share for the global marine interiors market in the forecast period. It is mainly owing to provide the best luxurious services to the clients and helps in delivering results that exceed their expectations. Therefore, furniture and interior design of the Cruise or yachts are designed to give the clients comfort, safety, spotless cleaning, and the highest quality.
Based on the application, the global marine interiors market classified into Passenger Area, Public Area, Crew Area, Public Area. The public area segment captures the highest share in the forecast period. It is mainly due to the rising need for making clients and crew members comfortable for their stay. Therefore, the material used in the marine interior specifically designed to provide a suitable environment for tourists.
Based on geography, the global marine interiors market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is the world’s fastest-growing global marine interiors market, accounting for the largest share. It is mainly due to rising demand for leisure and tourists’ activities in Europe, increasing demand for cruise ships and yachts boosts the demand for marine interiors.
Companies such as R&M Group, Almaco, Trimline, Kaefer, Bourne Group, Marine Interiors, Mivan Marine, Oy Lautex AB, Bolidt, Forbo Flooring Systems, Naval Interior Team, Tillberg Design of Sweden, YSA Design, AROS Marine, NORAC AS, Precetii INC, and others are key players for the global marine interiors market.