Press release
Catamarans Market Forecast: Rising CAGR, Noteworthy Drivers, and Key Market Trends
Catamarans Market Size
What Is The Projected Market Size Of The Global Catamarans Market And Its Growth Rate?
The global catamarans market is segmented by product, size, and application:
• Product: Sailing Catamarans, Powered Catamarans
• Size: Small (below 15m), Medium (15m-30m), Large (above 30m)
• Application: Leisure, Commercial, Defense, Others
Subsegments include performance, cruising, and racing catamarans for both sailing and powered catamarans. The market size has witnessed significant growth, expected to increase from $1.51 billion in 2024 to $1.6 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
What Is Driving The Growth In The Catamarans Market?
The surge in cruising activities significantly drives the growth in the catamaran market. The concept of leisure and recreational boating, accentuated cruising, and chartering trends, competitive sailing and racing, luxury yachting, and marine tourism have escalated the demand for catamarans. Additionally, the anatomical advantage of multihulls over traditional monohulls gives catamarans an upper hand in market preferences, thereby implying further market growth.
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Who Are the Key Players Driving Catamarans Market Growth?
The key players driving growth in the catamaran market include:
• Royal Yachting Association
• Nimbus Group
• Edge Water Powerboats
The catamaran market leverage is increasing for water sports activities, with the surge in participants contributing to the market growth.
What Are The Key Trends In The Catamarans Market?
Noteworthy trends in the catamaran market include:
• Leisure and recreational boating
• Cruising and chartering trends
• Competitive sailing and racing
• Luxury yachting and marine tourism
• The advantage of multihull over monohull
What Are The Segments Of The Global Catamarans Market?
The global catamaran market categories are:
• Type: Sailing Catamarans, Powered Catamarans
• Size: Small (below 15m), Medium (15m-30m), Large (above 30m)
• Application: Leisure, Commercial, Defense, Others
Which Region Leads The Catamarans Market?
Nimbus Group, a renowned Sweden-based boat manufacturer, strengthened its presence in the US market by acquiring Edge Water Powerboats in May 2023 for $9.5 million. This strategic move enables Nimbus to enrich product portfolios and boost production capacity in the US, indicating that the market for catamarans is leading in the United States.
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What Is Covered In The Catamarans Market Global Market Report?
- Market Size Analysis: Analyze the Catamarans Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Catamarans Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Catamarans Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Catamarans Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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