Catamaran Market Growth Focusing on Trends & Innovations during the Period | Global Key Players - Catana Group, Fountaine Pajot, Lagoon, Robertson & Caine, World Cat, Outremer Yachting, Incat Crowther, Alumarine Shipyard, LOMOcean Design, Seawind, iXblue

Catamaran Market Overview:
High emphasis on the design to develop the boating structure though multi-hulls and improve travelling speed with over 20 nautical miles are anticipated to be among the prominent features fuelling the industry growth. Several advantages offered such as relaxing comfort, ample space, and sailing stability in comparison to conventional monohulled counterparts including boats, cruises, and yachts have offered significant industry traction to these designs. According to the World Travel and Tourism Council, global travel and tourism sector witnessed the growth of around 4.7% in 2017, and was 50% faster than the growth of global economy and accounted over USD 8.3 trillion. Increasing disposable income has improved traveling & tourism activities, surging the adoption of sailing, cruising, water sports, and campaigning. In addition, with the surging recreational activities, discovering new destinations and spending quality time with family and friends in absence of external disturbance leading towards boom of the global catamaran market size from 2018 to 2023.

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The catamaran market was anticipated to increase from USD xx billion in 2018 to reach USD xx billion by 2022 at a CAGR of xx% during the forecast period.

Drivers and Restraints:
Technological advancement with the use of lightweight aluminum foil offering most advanced multihull cruises with enhanced speed, and developed stability in sea are propelling catamarans market share. It is highly used for luxury and leisure application by the upper-class end user. Moreover, advancement in terms of engine powered ships are offering enhanced motion stability, high reliability, better fuel efficiency, lower accidental chances, exceptional speed, and others. The performance of these multihulls in water is significantly affected due to improper and unbalanced load placement, causing loss of efficiency and fuel wastage. Besides, these multi-hulls cannot point high in relation to the monohulls, alleviating the discomfort to the users. Windage factor, slamming of bridge deck owing to high waves, and light displacement enhances the handling complexity making training mandatory for the beginners. These are among the main factors that will hinder the overall catamarans market demand over the future.

Geographic Segmentation:
Geographically, catamaran market has been divided into areas like Europe, North America, Asia-pacific, Latin America, and South America. The global research market has been mainly conquered by North America, followed by Europe.

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Key Players:
The companies leading in the worldwide catamaran market are Catana Group, Fountaine Pajot, Lagoon, Robertson & Caine, World Cat, and Outremer Yachting, which have established a global presence and hold significant industry dominance. Few other players include Incat Crowther, Alumarine Shipyard , LOMOcean Design, Seawind, iXblue H2X Division, Voyage, LeisureCat, African Cats and Matrix Yachts.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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