Marine Interiors Market worth $5.8 billion by 2027 - PowerPoint PPT Presentation

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Marine Interiors Market worth $5.8 billion by 2027

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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. – PowerPoint PPT presentation

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Title: Marine Interiors Market worth $5.8 billion by 2027


1
Marine Interiors Market worth 5.8 billion by
2027 According to the new market research report
on the "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", 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. The
global cruise industry has been witnessing
steady growth as the number of passengers
traveling by cruises has increased worldwide. The
growth in maritime tourism is expected to lead
to the increased demand for yachts and cruise
ships, thereby driving the marine interiors
market. Download PDF Brochure https//www.markets
andmarkets.com/pdfdownloadNew.asp?
id74972444 Based on ship type, the yachts
segment is projected to lead the marine
interiors market during the forecast
period. Based on ship type, the yachts segment is
expected to lead the marine interiors market
during the forecast period. As per Forbes, 2017
was a record year for billionaires there were
165 billionaires globally, a growth of more than
8 compared to 2016. Of these, 105 billionaires
were from the Asia Pacific region. The rise in
the purchasing power of individuals is likely to
fuel the demand for yachts, though deliveries
will be in the future, as it takes a few years
for yachts to be delivered. Based on end user,
the refit segment of the marine interiors market
is expected to grow at a high rate during the
forecast period
2
Based on end user, the refit segment of the
marine interiors market is projected to grow at
a higher CAGR as compared to the new fit segment
during the forecast period. Major companies in
the marine interiors market focus on new fit
installations as opposed to newfit. The market
for marine interiors in Europe is projected to
hold the largest market share during the
forecast period The rapid growth and largest
market share European marine interior can be
attributed to the presence of leading providers
of marine interiors like Hella (Germany), Osram
(Germany), Lumishore (UK), and Foresti Saurdi
(Italy) in the region. Countries such as Norway
and Greece have a large number of passenger as
well as commercial ships. The growing demand for
maritime leisure activities will increase the
demand for ships and thereby boost the marine
interiors market in this region. Major players
operating in the marine interiors market are RM
Group (Germany), Almaco (Finland), Trimline (UK),
Mivan Marine Ltd And Mjm Marine (UK), Marine
Interiors (Italy), Aros Marine (Lithuania),
Kaefer (Germany), Norac (Norway), Bolidt
(Netherlands), Forbo Flooring Systems
(Netherlands), and Tillberg Design Of Sweden
(Sweden). Dont miss out on business
opportunities in Marine Interior Market. Speak
to our analyst and gain crucial industry
insights that will help your business
grow. About MarketsandMarkets MarketsandMarket
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