Catamarans Market Global Trends & Forecast To 2024 Companies - Sunreef Yachts, Outremer Yachting, Incat Crowther, Groupe Beneteau

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

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Europe holds largest share of the global catamarans market production industry owing to advanced manufacturing infrastructure required for world-class product ranges. Moreover, the region is attributed with the most experienced work force that in turn highly influences the inclination of consumers for high end performance ships. Owing to this, Europe is expected to account for largest share of the overall industry over the coming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. African Cats.
2. Alumarine Shipyard
3. Bavaria Catamarans
4. Beneteau Group
5. Catana Group
6. Fountaine Pajot
7. Grup Aresa Internacional
8. Incat Crowther
9. LeisureCat
10. Outremer Yachting
11. Robertson & Caine
12. Seawind
13. Sunreef Yachts
14. Voyage
15. World Cat

Catamarans Market, By Product

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

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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.

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.

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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.

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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