Latest Industry News On Catamarans Market 2024 Global Key Players Outremer Yachting, Grup Aresa Internaciona, Catana Group, Fountaine Pajot, Robertson & Caine, and Lagoon.

North America catamarans market will grow at 3.5% from 2018 to 2024. Rising disposable income has led to increased spending on luxury boating activities such as cruisers and yachts, thereby boosting the industry growth. In addition, the U.S. is largest contributor of the recreational boating industry, providing stable growth platform over the forecast timeframe.

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Sailing catamarans market value is projected to witness 5.8% CAGR over the forecast timeframe. Increasing product demand for water sporting, campaigning, and boat racing events owing to high speed, improved stability, and ease of its maneuverability are among the prominent factors fueling the segment growth. These are featured to have an average speed of 300-400 nautical miles per day. Surging adoption of high-performance boats in World Cruising Events organized by Atlantic Rally for Cruiser will fuel product demand due to the restricted use of powered boats in the rally.

Europe accounted for maximum industry share in the global catamarans market owing to the largest manufacturing base. Advanced manufacturing facilities and highly experienced workforce are significantly influencing the global buyers. Industry players such as Fountaine Pajot, Lagoon, Bali, and Catana Group are highly preferred by high-end consumers present across the globe.

Catamarans Market, By Product

• Sailing Catamarans

• Leisure
• Commercial

• Powered Catamarans

• Leisure
• Commercial
• Defense

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Powered catamarans industry accounted for 943 units in 2017 owing to strong consumer inclination towards high-speed and fuel-efficient boats over long sea routes. Primary advantage offered by these powered cats is to operate at consistent speeds even in absence of wind. Owing to these factors, the segment has witnessed significant applications in commercial and defense sector.

Increasing participation in recreational boating that includes boat racing, sailing, cruising, and motorsports has led to considerable growth in high performance ships. Proliferating disposable income per capita is among the prominent factors contributing to the increasing popularity of ships that feature comfort, luxurious spaces, and ease of maneuverability. Rising awareness of these recreational boats and the number of clients willing to invest in the products are expected to drive the overall catamarans market share from 2018 to 2024.

Growing demand for high-performance ships owing to increased recreational boating activities such as boat racing, sailing, and motorsports are propelling catamarans industry growth. Rising disposable income has in turn fueled the overall spending on luxury, comfort, exploration of new routes. Moreover, participation in recreational sporting events are expected to positively instigate the global catamaran market growth.

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Growing popularity of recreational boating sector, specifically in North America and Europe, increasing numbers of aging boats, economic improvement, architectural development, and technological advancement are among key factors fueling catamarans market share. According U.S. National Marine Manufacturer’s Association, France contributed around 60% of the globally manufactured catamarans.

Global catamarans market share is fragmented in nature owing to presence number of companies offering product range across several countries. Major companies include Outremer Yachting, Grup Aresa Internaciona, Catana Group, Fountaine Pajot, Robertson & Caine, and Lagoon. Other key players are Matrix Yachts, African Cats, LOMOcean Design, Seawind, Incat Crowther, Voyage, Alumarine Shipyard, Bavaria and LeisureCat. These companies are focusing on improving structural stability along with developing high speed boats for sporting performance in reducing sailor risk in high-quality product range.

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