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How Will Europe Emerge As A Key Contender In Catamarans Market Landscape Over 2018-2024?
Catamarans Market
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What factors will be shaping sailing catamarans industry trends over the coming years?
Catamarans market forecast report has predicted that sailing catamarans industry value will witness growth rate of 5.8% CAGR over 2018-2024.
Accelerating product demand for campaigning, boat racing, and water sporting events due to improved stability, ease of maneuverability, and high speed will drive market trends. Sailing catamarans are designed to achieve an average speed of 300-400 nautical miles per day. High-performance boats have witnessed great demand and adoption in World Cruising Events managed by Atlantic Rally for Cruiser. The restrictions to use power boats in rally will help to fuel product demand and catamarans industry size by 2024.
How is powered market share likely to garner considerable proceeds by 2024?
In 2017, powered industry share held 943 units due to high inclination of consumers towards fuel-efficient and high-speed boats over long sea routes. Major benefits offered by powered catamarans is that they can run at uniform speeds even in lack of wind. Powered catamarans have found wide applications in defense and commercial sectors. Huge demand of powered catamarans in various sectors will contribute significantly to augment catamarans market size over 2018-2024.
What will be the contribution of developed countries in the growth of industry size?
Growing inclination of consumers for recreational boating in a number of developed nations such as Germany, the U.S., Italy, and France has resulted in intensified multihull penetration. Expanding demand to replace old structures with advanced models is likely to contribute in revenue generation for catamarans market share. Technological advancement, architectural development, improvement in performance parameters, and economic enhancement are expected to positively influence catamarans industry outlook.
How will North America showcase considerable growth in catamarans market trends?
Catamarans industry forecast report has predicted that North America will contribute with 3.5% CAGR by volume over 2018-2024. Amplifying spending on luxury boating such as powered cats, cruisers, yachts, and others are anticipated to encouragingly increase market share. Regional growth is majorly attributed to the U.S. demand due to greater expenditure on recreational activities particularly in boating sector.
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What will be the factors enhancing Europe industry outlook over 2018-2024?
Europe accounts for the largest share in the global catamarans market size due to improved manufacturing infrastructure needed for outstanding product ranges. Furthermore, the region has the most skilled work force which in turn significantly influences the preference of customers for high end performance ships manufactured in Europe.
Table of Contents (ToC) of the report:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Catamarans industry 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com
About Global Market Insights, Inc.
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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