Press release
Catamaran Market is expected to expand at a compound annual growth rate (CAGR) of 6.3% to reach US$ 2.74 Bn from 2022 to 2032
The global catamaran market was valued at US$ 1.4 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2032.
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One of the primary drivers behind the market's growth is the inherent stability and spaciousness offered by catamarans. The dual-hull design provides excellent stability and reduces the rolling motion commonly experienced in monohull boats. This stability makes catamarans more comfortable for passengers, particularly in rough sea conditions, attracting recreational boaters and cruise enthusiasts. Additionally, the wide beam of catamarans allows for generous living spaces, multiple cabins, and ample deck space, making them suitable for leisure activities, such as entertaining guests, sunbathing, and water sports.
Companies
African Cats.
Bavaria Catamarans
Beneteau Group
CATATHAI
Fountaine Pajot Catamarans
Leopard Catamarans
NAUTITECH
Outremer Yachting
Seawind
Voyage
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Another significant factor contributing to the market's expansion is the growing interest in eco-friendly and fuel-efficient watercraft. Catamarans are known for their energy-efficient design, allowing them to achieve higher speeds with less power compared to monohulls. This efficiency translates into reduced fuel consumption and lower carbon emissions, making catamarans a preferred choice for environmentally conscious individuals and organizations. Additionally, the catamaran's shallow draft enables them to navigate in shallower waters, expanding their usability in coastal and island regions.
The catamaran market has also benefited from the increasing demand for luxury yachts and charter vessels. Catamarans offer a unique combination of comfort, stability, and spaciousness, making them highly attractive to individuals seeking luxurious and exclusive cruising experiences. Luxury catamarans often feature high-end amenities, such as multiple staterooms, gourmet kitchens, lounges, and outdoor entertainment areas. The charter market has also embraced catamarans due to their suitability for large groups and their ability to provide a smooth and enjoyable sailing experience.
Furthermore, technological advancements and design innovations have played a significant role in the growth of the catamaran market. Manufacturers are continually improving the materials used in catamaran construction, such as lightweight composites, to enhance performance and durability. Advanced engineering techniques have also led to the development of high-performance catamarans capable of achieving impressive speeds while maintaining stability. These technological advancements have expanded the range of applications for catamarans, including commercial shipping, military operations, and offshore support vessels.
Competitive Landscape
Top companies in the Catamaran market are focusing on advancing their research and fast-tracking the development of new Catamaran to launch new products and gain a competitive advantage over other market players.
Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand for fatty amides. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market.
In October 2021, Groupe Beneteau announced that it had acquired STARFISHER, a shipyard in Portugal, which became GB PORTUGAL, which will help them to strengthen the capacity of production for 25 to 35-foot power boats by setting itself up in Portugal.
In January 2022, the Martini 7.0, a 165-foot catamaran yacht, featuring unique technology that gives passengers seasickness treatment, was presented by Servo Yachts. The Martini 7.0, created in partnership with the U.K.-based company Shuttleworth Design, has novel marine stabilization techniques that allow the yacht to glide more softly across the water, eliminating the kind of motion that often causes guests to get seasick
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Key Segments in Catamaran Industry Research
By Product Type
Sailing Catamarans
Sport
Leisure
Transport
Others
Power Catamarans
Sport
Leisure
Transport
Others
By Size
Small
Medium
Large
By Application
Sport
Leisure
Transport
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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