Catamarans Market Size to Expand Significantly Through 2024

Global catamarans market is gaining momentum in conjunction with sailing, campaigning, cruising and other water-based escapades. Derived from the rising disposable income levels, the increased fervor to undertake exploration trips has given a prolific impulsion to the catamarans industry size.

Enhanced comfort, ample space, better structural integrity and sturdiness inspired the advent of multi-hulled designs as alternatives to the monohulled yachts and cruises, stimulating the worldwide catamarans market. More commonly employed by the upper-class segment, catamarans are well suited for long distances allowing for a speed of over 20 nautical miles and better fuel efficiency, subsequently proving ideal for leisure use.

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Innovations in technology pertaining to lightweight materials has enabled the manufacturing of vessels having stronger structure, high reliability, more weight-carrying capacity and motion stability. According to statistics released by the U.S Coast Guard, in 2015 there were over 4,100 accidents in the country which included 626 deaths. Subsequently, safety of the passengers has an utmost precedence and the catamarans industry offers vessels that are known to be less prone to accidents and sinking.

Equipped with several advantageous features over monohulled vessels, the catamarans market attracted a remuneration of around USD 1.5 billion in 2017 with powered catamarans being the largest contributor. The segment has profited owing to the rising demand for faster engine powered boats having improved speed and efficiency in comparison to the monohulled boats. Powered catamarans also allow for excellent maneuverability with smooth turning and are useful in cruising, ferrying, coastal surveillance and military transport applications. Further boosting the catamarans industry is the growing participation in sailing sport events like the America’s Cup, where Sailing catamarans can generate 20-50% more speed than mono-hulls of the same lengths.

Citing the catamarans market trends from defense sector, a segment which is slated to grow at 3.3% CAGR over 2018-2024, the U.S. Navy has deployed several shallow-draft catamarans in their expeditionary fast transport fleet. These vessels- having a substantial tonnage capacity, seats for 312 armed forces personnel and even more passengers, will join fleets around the globe for military cargo transport and rescue missions alike. With other countries adopting multihulled ships for similar purposes and added offence capabilities, revenue prospects for the catamarans market are widespread.

According to the public data available on Statista’s website, over 87 million adults in the U.S. participate in recreational boating activities, including fishing and water skiing. Factoring in the large customer base and surging economic power, the U.S. catamarans market size is anticipated to cross 567 units by 2024. The industry penetration is supported by the windward ability and wide deck surface designs that promise safe, comfortable experience. The vessels permit better all-round view while sailing or at anchor and the double-hull design also accommodates vast living spaces with more privacy.

Industry experts impose that catamarans are very difficult to capsize even in challenging weathers and are also ideal for shallow areas as they require lesser water to float. As catamarans are supposed to be faster than monohulled boats of similar dimensions, they can be expected to outrun storms. These features have made the market quite lucrative in Europe where the vessels can be used to tour the countless island destinations. Nonetheless, the interest of wealthy business tycoons and tremendous gush of and tourists in countries like Spain, Italy & Greece have spiked the popularity of sailing and power boat sports.

Overall, the catamarans market consists of a large number of players including Lagoon, Fountaine Pajot, Catana Group, Robertson & Caine, WorldCat, Outremer Yachting, LeisureCat, Alumarine Shipyard, etc.

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Partial Chapter of the Table of Content

Chapter 4.  Catamarans Market, By Product

4.1. Global market share by product, 2017 & 2024

4.2. Sailing catamarans

4.2.1.  Market estimates and forecast, 2013 – 2024

4.2.2.  Market estimates and forecast, by region, 2013 – 2024

4.2.3.  Leisure

4.2.3.1.    Catamarans market estimates and forecast, 2013 – 2024

4.2.3.2.    Market estimates and forecast, by region, 2013 – 2024

4.2.4.  Commercial

4.2.4.1.    Market estimates and forecast, 2013 – 2024

4.2.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.3. Powered catamarans

4.3.1.  Market estimates and forecast, 2013 – 2024

4.3.2.  Market estimates and forecast, by region, 2013 – 2024

4.3.3.  Leisure

4.3.3.1.    Catamarans market estimates and forecast, 2013 – 2024

4.3.3.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.4.  Commercial

4.3.4.1.    Market estimates and forecast, 2013 – 2024

4.3.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.5.  Defense

4.3.5.1.    Market estimates and forecast, 2013 – 2024

4.3.5.2.    Market estimates and forecast, by region, 2013 – 2024

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