Marine Interiors Market By Product, By End User, By Ship Type, By Material, By Application, By Region And Forecast 2023-2032|R&M Group, Almaco Group, Precetii Inc., Kaefer SE & Co. KG, Marine Interiors S.p.A

The Marine Interiors Global Market Report 2023 by The Business Research Company, provides marine interiors market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Marine Interiors Global Market Report 2023, 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 market size of the marine interiors market is expected to grow to $5.79 billion in 2027 at a CAGR of 11.6%.

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.

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The marine interiors market 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

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.

The marine interiors market report table of contents includes: