The global catamaran market was valued at US$ 1.4 Billion in 2021 and is expected to expand at a
compound annual growth rate (CAGR) of 6.3% from 2022 to 2032. The
increase in leisure tourism and racing events and the increasing
disposable income of people across the globe are some of the key factors
driving the growth of the catamaran industry.
A catamaran has a single deck that holds together two parallel hulls. It has more
significant internal space than a monohull because of its two-hull
structure, which means that the cockpit and living room between the two
hulls have ample space. The catamaran is significant while traveling
from one distant location to another. Because of increased maritime
tourism and people's preference for opulent vacations, the business is
expanding at a rapid pace.
A catamaran is mainly famous among High-Net-Worth Individuals (HNWI) who prefer leisure travel and have
enough money to spend on those travels. One of the main reasons why
catamarans are so popular these days is because of their size and
stability. Boat makers are manufacturing catamarans that are faster and
more fuel-efficient as design and technology advance. As a result, many
loyal monohull owners have converted to catamaran ownership. In November
2021, Servo Yachts LLC debuted The Martini 7.0, a 165-foot catamaran
boat with revolutionary technology that treats seasickness in guests.
Key Takeaways from Market Study
- A catamaran is like any other type of expensive leisure tourism. Wealthy
families, affluent individuals, and anyone with enough money who wants
to try different experiences are willing to pay for a catamaran on the
condition that it is safe. - The power catamaran segment is estimated to hold the major market share and expand at a CAGR of 6.2%.
- The small-sized catamarans segment is projected to advance at the highest CAGR during the forecast period.
- The catamaran market for sports applications is expected to expand at the highest CAGR during the assessment period.
“Because of new technologies, the private, commercial, and military sectors of
catamaran design are quickly advancing. Advanced materials and 3D
printing will alter catamaran design and building methodologies, while
new sustainable fuels will aid in decreasing or even eliminating
emissions in the maritime sector,” says an analyst at Persistence
Market Research.
Key Market Players
Major players are channeling efforts toward expanding their production
capacities to strengthen their market share. Market expansion is
anticipated to be aided by the growing number of partnerships and
collaborations among key players that are looking to increase their
presence in the market. Some of the players in the African Cats; Bavaria
Catamarans; Beneteau Group; CATATHAI; Fountaine Pajot Catamarans;
Leopard Catamarans; NAUTITECH; Outremer Yachting; Seawind; Voyage and
others.
- In October 2021, Groupe Beneteau announced that it had acquired STARFISHER, a shipyard in Portugal, which became GB
PORTUGAL, which will help them to strengthen the capacity of production
for 25 to 35-foot power boats by setting itself up in Portugal. - In January 2022, the Martini 7.0, a 165-foot catamaran yacht, featuring
unique technology that gives passengers seasickness treatment, was
presented by Servo Yachts. The Martini 7.0, created in partnership with
the U.K.-based company Shuttleworth Design, has novel marine
stabilization techniques that allow the yacht to glide more softly
across the water, eliminating the kind of motion that often causes
guests to get seasick.
Know More about Report Inclusions
Persistence Market Research published a new market report on the bio furnishing
market, covering global industry analysis of 2017-2021 and forecasts for
2022 to 2032. This research report provides compelling insights on the
basis of product type, application outlook, and sales channel, across
all major regions.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of
the global market. It also addresses the restraints that are projected
to hinder market growth, along with the latest trends and potential
opportunities in the market.
