Press release
Catamarans Market Anticipated To Witness Robust Growth, Surpassing $2.08 Billion By 2029
Catamarans
What Is the Current Catamarans Market Size and Its Estimated Growth Rate?
The size of the catamarans market has seen a robust increase in recent years. The market, which is expected to expand from $1.51 billion in 2024 to $1.6 billion in 2025, anticipates a compound annual growth rate (CAGR) of 6.0%. The historical development can be traced back to several factors including leisure and recreational boating, trends in cruising and chartering, competitive sailing and racing, luxury yachting and marine tourism, and the benefits of multihull.
The catamarans market is anticipated to experience robust expansion in the coming years, with projections estimating its growth to $2.08 billion by 2029, yielding a compound annual growth rate (CAGR) of 6.8%. This anticipated proliferation during the forecast timeline can be associated with the increasing popularity of eco-friendly boating, advancements in design and materials, the emergence of specific target markets, improving affordability and accessibility, alongside the surge of marine tourism in developing areas. Observable trends during the forecast period include competitive catamaran races and sailing, charter and rental service growth, technological advancements in navigation and control systems, the development of compact and transportable catamarans, and expansion of the global market.
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How Are Emerging Segments Shaping the Catamarans Market Landscape?
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
Subsegments:
1) By Sailing Catamarans: Performance Catamarans, Cruising Catamarans, Racing Catamarans
2) By Powered Catamarans: Power Catamarans For Leisure, Commercial Power Catamarans, High-Performance Power Catamarans
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Which Growth Factors Are Influencing Catamarans Market Expansion?
The expansion of the catamaran market is being fuelled by a surge in cruising. Cruising, a form of travel that involves voyaging on a ship or boat for pleasure or vacation and visiting various ports or destinations, has seen an increase in popularity. The option to cruise on a catamaran, which mixes the autonomy of sailing with the conveniences and comforts of a traditional cruise ship, is very well-liked. Catamarans are often utilised in cruising to navigate the waters, meaning an escalation in cruising is expected to boost the market. For example, data from the Department for Transport, a UK-based governmental body, indicates a significant rise in cruise passenger numbers in 2022. Figures climbed dramatically to 2.0 million from a mere 181,000 in 2021 in July 2023. As a result, the uptick in cruising is fuelling the growth of the catamaran market.
Who Are the Dominant Players Across Different Catamarans Market Segments?
Major companies operating in the catamarans market include 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
What Are the Latest Developing Trends in the Catamarans Market?
The catamaran market's growth and innovation are largely driven by product innovation, a major trend. A majority of the significant players in this field are committed to producing new technologies and solutions that lower their ecological footprint while increasing efficiency. For instance, Alva Yachts GMBH, a German electric luxury yacht brand renowned for solar-powered catamarans, unveiled the Ocean Eco 78 in March 2023. This uniquely-designed 23.7-meter multihull yacht is equipped with electric propulsion and has a transatlantic range. It features a broad roof specifically designed to incorporate solar panels, providing virtually unlimited autonomy and transatlantic range. The solar cells can generate up to 26 kW, while the battery bank's capacity can reach 490 kWh.
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Which Geographic Regions Are Expected to Dominate the Catamarans Market in the Coming Years?
Europe was the largest region in the Catamarans market in 2024. The regions covered in the catamarans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Catamarans Market?
2. What is the CAGR expected in the Catamarans Market?
3. What Are the Key Innovations Transforming the Catamarans Industry?
4. Which Region Is Leading the Catamarans Market?
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