The global market for catamarans accounted for US$ 1,377 Mn in 2021 and is estimated to reach US$ 2,210 Mn by 2030, with a significant CAGR of 5.5% from 2022 to 2030.
A catamaran is a boat with two hulls rather than a single hull as typical one-hulled boats have. Catamarans were originally intended to be fishing boats, but their use has grown and expanded significantly in recent years. A catamaran could be slightly related to a yacht because of its sleek look, adaptability, speed capabilities, and comfort. The major variables are size and stability. A catamaran has extra space above and below decks due to the two hulls and the space in between. Catamarans are becoming an increasingly popular choice among keen leisure and sports sailors due to these identical features. Boats with two hulls are becoming more popular for day sailing, world cruising, chartering, and fishing. Although the underlying architecture is hundreds of years old, modern improvements make catamarans a feasible alternative for every boater.
Market Growth Drivers
|Market Size 2021||US$ 1,377 Mn|
|Market Forecast 2028||US$ 2,210 Mn|
|CAGR||5.5% During 2022 - 2030|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Size, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Alumarine Shipyard, African Cats, Bavaria Catamarans, Beneteau Group, Fountaine Pajot, Catana Group, Aresa Shipyard, Incat Crowther, Outremer Yachting, LeisureCat, Sunreef Yachts, Robertson & Caine, Seawind, Voyage, and World Cat.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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The rising demand for catamarans for leisure and recreational activities fuels the growth of the global catamaran industry. Catamarans demand has gradually increased in recent years, owing to individuals' growing disposable money and preference for leisure or recreational activities. The rising popularity of luxury tourism, personalized service, and exclusive vacation are the key reasons driving boat sales across the world. The increasing demand for catamaran charters as a result of developing maritime tourism will have an impact on market income. Several luxury boat manufacturers provide yacht rentals to explore various coastlines and islands and to create a seamless trip experience with high standards and comfort.
In addition, the rising number of racing and cruising events is considered to be the latest trend in the catamaran market. Racing and cruising events have created a buzz among existing and new sailors to compete in the events and acquire the fastest and safest vessels. This, in turn, has increased the catamaran market revenue during the projected years. The sale of performance multi-hulls has skyrocketed, as the need to understand how to operate them, especially when it comes to specific multi-hull tactics. The market for these vessels is growing; multi-hull cruisers are advancing, monohull sailors are expanding, and even first-time boat owners are showing interest. Furthermore, rising disposable income is one of the primary drivers driving market expansion throughout the projection period, as is increased travel and tourist activities around the world.
Catamarans Market Segmentation
The global catamarans market is segmented based on product, size, application, and geography.
Market By Product
Based on our analysis, the powered catamarans segment is expected to attian a substantial growth rate during the projected years 2022 – 2030. A powered catamaran is a boat with two hulls, each containing an engine. This design allows the boat to glide through the water more rapidly and smoothly than a regular sailboat. Catamarans that are powered are frequently utilised for racing as well as transporting cargo or people. They are also popular among recreational boaters due to their stability and ease of operation.
Market By Size
Medium (15m – 30m) is one of the noteworthy segments that acquired the largest catamarans market share in 2021. The increasing use of 15 to 30 meter catamarans for corporate events, as well as the increasing integration of enhanced safety measures by OEMs, supports industry growth. Furthermore, medium catamarans are frequently as seaworthy as larger boats and are less expensive to maintain. They are also a popular choice for small families.
Market By Application
Among them, the sports segment gathered a significant amount of catamarans market share in 2021. The growing popularity of sailing sports events such as the America's Cup and the Atlantic Rally for Cruisers has resulted in increased demand for high-performance catamarans, propelling the expansion of the catamaran market segment. Furthermore, the increase in cruise and racing events has increased the demand for catamaran. This will lead to the expansion of the catamaran market in the near future.
Catamarans Market Regional Overview
Middle East & Africa (MEA)
The presence of technologically advanced manufacturing infrastructure in Europe fuels the regional market growth
According to regional segmentation, the Europe region generated supreme revenue in 2021. Europe region has the most experienced personnel, which has a significant impact on consumer preference for high-end performance catamarans. On the other hand, the North America region is anticipated to witness the fastest growth rate throughout the forecasted years 2022 – 2030. The significant spending on leisure activities, particularly in the boating industry, is driving growth in this region. Moreover, rising spending on luxury water boats, such as powered cats, cruisers, yachts, and others, is helping the expansion of the North American catamarans market.
Some of the catamarans companies offered in the professional report include Alumarine Shipyard, African Cats, Bavaria Catamarans, Beneteau Group, Fountaine Pajot, Catana Group, Aresa Shipyard, Incat Crowther, Outremer Yachting, LeisureCat, Sunreef Yachts, Robertson & Caine, Seawind, Voyage, and World Cat.
The estimated value of global catamarans market in 2021 was accounted to be US$ 1,377 Mn.
The projected CAGR of catamarans market during the analysis period of 2022 to 2030 is 5.5%.
The prominent players of the global catamarans market involve African Cats, Alumarine Shipyard, Bavaria Catamarans, Beneteau Group, Catana Group, Fountaine Pajot, Aresa Shipyard, Incat Crowther, LeisureCat, Outremer Yachting, Robertson & Caine, Seawind, Sunreef Yachts, Voyage, and World Cat.
Europe held the dominating share for catamarans during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for catamarans during the analysis period of 2022 to 2030.
Increasing demand for leisure and recreational activities, increased traveling & tourism activities, and rise in cruising and racing events drives the growth of global catamarans market.
Based on product, powered catamarans segment held the maximum share for catamarans market in 2021.