Press release
Catamarans Global Market 2024 - Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2033
Catamarans Global Market
The catamarans market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing interest in sustainable boating, innovations in design and materials, emerging niche markets, increased affordability and accessibility, rising marine tourism in emerging regions.. Major trends in the forecast period include racing catamarans and competitive sailing, charter and rental services, advances in navigation and control systems, compact and trailerable catamarans, global market expansion..
Market Overview -
A catamaran refers to a type of boat with two parallel hulls connected by a deck or bridge, providing excellent stability and speed on the water. They are used for sports and recreation activities.
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Surge In Cruising Activities Boosts Catamaran Market Growth
Increased cruising is driving the growth of the catamaran market. Cruising refers to traveling on a ship or boat, typically for pleasure or vacation purposes, while stopping at different ports or destinations. Cruising with a catamaran is a popular option, which combines the independence of sailing with the comfort and amenities of a conventional cruise ship. Catamarans are used in cruising to sail around, thus, increasing cruising will propel market growth. For instance, in February 2022, according to Cruise Market Watch, a China-based provider of analytics about the ocean cruise industry, the global ocean cruise passenger capacity increased to 581,200 in 323 ships, which can carry a total of 13.9 million passengers at the end of the year 2021. Additionally, in April 2022, Prosertek, Europe-based harbor equipment and machinery manufacturer, stated the number of passengers on cruise ships increased by 96% Year-on-Year (YoY) in 2021, hitting 13.9 million. Therefore, the increase in cruising is driving the catamaran market.
Competitive Landscape -
Major companies operating in the catamarans market report are African Cats B V, Voyage Yachts Ltd., Bavaria Yachtbau GmbH, Catana Group SA, Seawind Group Holdings Pty Ltd., Outremer Catamarans, Fountaine Pajot SA, LeisureCat & AussieCat, Robertson & Caine Ltd., Matrix Yachts Ltd., Catathai Co. Ltd., Lagoon Catamarans, Incat Crowther Pty Ltd., Craig Loomes Design Group ltd., Aresa Shipyard SL, Leopard Catamarans, Beneteau SA, Nautitech Catamaran, Privilege Catamarans, Antares Catamarans, Gemini Catamarans, Kinetic Catamarans, Aquila Inc., Baraca Planet S.L., Pedigree Cats Inc., Scape Yachts, The Matrix, Travelopia Group, Nichols Brothers Boat Builders LLC, Corinthian Yachts Inc., World Cat Ltd., Alumarine Shipyard, iXblue SAS .
Green Innovation Revolutionizes The Catamaran Market
Product innovation is a key trend driving innovation and growth in the catamaran market. Many major players in the industry are focusing on developing new technologies and solutions to reduce their environmental impact and improve efficiency. For example, in March 2023, Alva Yachts GMBH, a German-based electric luxury yacht brand for solar-driven catamarans, launched the Ocean Eco 78. It is uniquely designed as a 23.7-meter multihull yacht that has electric propulsion and transatlantic range. It has an expansive roof that has been specifically conceived for the integrated solar panels, which give it a transatlantic range and virtually unlimited autonomy. The solar cells can provide up to 26 kW, and the battery bank's capacity is up to 490 kWh.
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Key Segments -
The catamarans market covered in this report is segmented -
1) By Product: Sailing Catamarans, Powered Catamarans
2) By Size: Small(below 15m), Medium(15m-30m), Large(above 30m)
3) By Application: Leisure, Commercial, Defense, Others
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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