Global Catamarans Market Forecast To 2024 | 2018 Key Players are Beneteau, Catana, Fountaine Pajot, LeisureCat, Outremer Yachting, Robertson & Caine, Sunreef Yachts, Alumarine Shipyard

Powered catamarans market 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.

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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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 size is estimated to exceed USD 2.2 billion by 2024; according to a new research report by Global Market Insights, Inc.

Catamarans Market, By Product

• Sailing Catamarans
o Leisure
o Commercial
• Powered Catamarans
o Leisure
o Commercial
o Defense

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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.

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.

In 2017, powered catamarans market accounts for 943 units and have gained strong attention in high-end consumer segment owing to high-speed and efficient performance for longer routes. Powered ships offer consistent speeds without the requirement of wind in comparison to conventional sail models with highly comfortable ride. Owing to these factors they have found substantial applications as means of passenger transport and defense applications.

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South Africa exports over 90% of the nation’s production. Other key manufacturing countries include U.S., Sweden, Netherlands, Germany, UK, and South East Asian economies. These nations have witnessed consistent increase in the production units every year with added convenience and comfort. In conjunction with this, players offering customization in accordance to the client requirements to boost the consumer motivation is propelling the overall catamarans market share.

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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