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Catamarans Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Catamarans Market
What Is the Forecasted Market Growth Rate of the Catamarans Industry?
The market size of catamarans has been witnessing consistent growth lately. It is predicted that this market will expand from being worth $1.51 billion in 2024 to reach a valuation of $1.58 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The cause for the growth observed in the past can be credited to factors such as the increase in leisure and recreational boating, trends in cruising and chartering, the popularity of competitive sailing and racing, luxury yachting and marine tourism, as well as advantages of multihulls.
How Will the Catamarans Market Size Evolve From 2025 to 2029?
In the coming years, the catamarans market is predicted to witness significant expansion. Projected to reach $2.02 billion by 2029, the market is set to grow at a Compound Annual Growth Rate (CAGR) of 6.3%. Factors contributing to the growth during the forecast period include the rising interest in sustainable boating, design and material innovations, the development of niche markets, improved affordability and accessibility, as well as enhanced marine tourism in developing regions. The period is also expected to see trends such as competition sailing and racing catamarans, charter and rental services, improved navigation and control systems, compact and transportable catamarans, and expansion of the global market.
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What Are the Main Growth Drivers in the Catamarans Market Today?
The growth of the catamaran market is being fuelled by the increased popularity of cruising. This involves embarking on a ship or boat, generally for leisure or holiday objectives, while making stops at varying ports or venues. Choosing a catamaran for cruising merges the freedom of sailing with the coziness and conveniences of a traditional cruise ship. Catamarans play a vital role in cruising, and their increased use is expected to drive market expansion. For instance, the Department for Transport, a government agency based in the UK, reported a dramatic rise in cruise passenger numbers in July 2023. The figures increased sharply to 2.0 million, up from a mere 181,000 in 2021. As a result, the catamaran market is gaining momentum from the growing trend of cruising.
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Which Catamarans Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Catamarans Industry Growth?
The trend towards product innovation is significantly fueling progression and expansion in the catamaran market. A lot of dominant players in this sector are prioritizing the development of novel technologies and solutions that minimize their ecological footprint and heighten efficiency. To illustrate, Alva Yachts GMBH, a renowned electric luxury yacht brand based in Germany that specializes in solar-powered catamarans, unveiled the Ocean Eco 78 in March 2023. This extraordinary 23.7-meter multihull yacht is equipped with electric propulsion and a transatlantic range. It features a vast roof that has been specially designed to house the integrated solar panels, providing it with a transatlantic range and practically unlimited autonomy. The solar cells are capable of supplying up to 26 kW, while the battery bank can hold a capacity of up to 490 kWh.
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Which Companies Hold the Largest Market Share in the Catamarans Sector?
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
Where Is the Catamarans Market Experiencing the Highest Growth?
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
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