The marine interiors market size is projected to grow from USD 2.7 billion in 2020 to USD 5.8 billion by 2027, at a CAGR of 11.6 % from 2020 to 2027. Factors that are expected to fuel the growth of the marine interiors are the rising cruise refurbishment, increasing demand for river cruises in the US, and the growth of the superyachts market in Asia Pacific and the Middle East.
R&M Group (Germany), Almaco (Finland), Trimline (UK), Kaefer (Germany), Bourne Group (US), Marine Interiors (Italy), Mivan Marine (UK) Oy Lautex AB (Finland) (UK), Bolidt (Netherlands), Forbo Flooring Systems (Netherlands), Naval Interior Team (Finland), Tillberg Design of Sweden (Sweden), YSA Design (Norway), AROS Marine (Lithuania), NORAC AS (Norway), Precetii INC (US), are the key players of the marine interiors market. These players have adopted growth strategies such as, partnerships, and collaborations to expand their presence in the market.
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Rheinhold & Mahala (R&M) is a leading provider of individual and turnkey solutions for interior outfitting of all types of ships. Its extensive portfolio covers interior design services, including consulting, engineering, design, planning, implementation, and production of new builds, conversions, and repairs. In the marine interiors market, the company covers the complete value chain from engineering to project management and installation to repair services. Alvedoor Marine, the product division of the R&M Group, owns production facilities in Germany and China and provides high-quality products for long-term applications. The company has an established customer base in the marine interiors market.
ALMACO is one of the leaders in designing and supplying cabins and public areas for cruises. The company also provides both modular and stick-built interior products, along with outfitting of new accommodation blocks at the new build stage or during unit modernizations of cruise ships. In 2019, ALMACO received a contract to deliver 30 new staterooms during an upcoming refit at Grand Bahama Shipyard in March 2020. The scope of work involves the full turnkey outfitting of 30 new staterooms on deck 9.
Trimline is one of the oldest interior outfitters dedicated to the marine industry, working with many leading cruise & ferry liners worldwide. The company is constantly searching the market for new sustainable products and materials to lower the carbon footprint. Trimline has a good hold in the marine interior refit market. In February 2020, Trimline received a contract to upgrade restaurant La Spezia onboard TUI Cruises GmbH’s Mein Schiff Herz, previously known as Mein Schiff 2.
Marine Interiors Market by ship Type (Commercial, Defense),End User(New Fit, Refit), Material (Aluminum, Steel, Joinery, Composites), Product (Ceilings & Wall Panels, Furniture, Galleys & Pantries, Lighting), Application, Region - Global Forecast to 2027
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