Catamarans Market Size, Share and Global Analysis by Key Leaders Sunreef Yachts, Spirited Designs, Lagoon Catamaran, Fountaine Pajot, Matrix Yachts, Voyage Yachts, TomCat Boats

The global catamarans market was valued at US$ 1.12 billion in 2016 and is projected to reach US$ 1.54 billion by 2023, exhibiting a CAGR of 4.6% over the forecast period. Catamarans provide ample space, improved stability, due to support from two hulls, high speed, level sailing due to lack of heeling, and safety. This are among the major benefits that has in turn, led to growth of the market over the forecast period (2018–2023).

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Key Takeaways of the Market:

- According to Coherent Market Insights’ analysis, North America catamaran market accounted for the largest share in the global market and is expected to witness highest growth over the forecast years. This is owing to increasing preference of catamarans for cruising and its wide availability by multiple vendors offering it on rent.

- Along with being luxury boats, catamarans are also being viewed and utilized as potential cargo carriers. The reason for which is the speed and stability, it offers along with high capacity for cargo carrier. Catamarans are increasingly been used in military application for patrolling and security. Manufacturers such as Metal Shark offer catamarans for various applications such as law enforcement, dive support, port security, and fire rescue response.

- According to Coherent Market Insights’ research, the market is expected to show significant growth in the near future. Also, high price of catamarans have led to emergence of multiple vendors offering catamarans on rent.
Some of the major players in the global catamarans market include Sunreef Yachts, Spirited Designs, Lagoon Catamaran, Fountaine Pajot, Matrix Yachts, Voyage Yachts, TomCat Boats, Robertson and Caine, and Gemini Catamarans.

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