The global Catamaran market was valued at USD 1.4 Billion in 2022 and it is anticipated to grow up to USD 2.5 Billion by 2032, at a CAGR of 5.8% during the forecast period.
A catamaran is a type of boat or ship consisting of two hulls, or platforms, that are connected by a frame. Most catamarans are powered by sails or engines. Catamarans are faster and more stable than traditional monohull boats, and are therefore popular for recreation, racing, and commercial use.
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Market Trends and Drivers
The increased disposable income of citizens, as well as an increase in cruising and racing events, are some of the factors driving the industry’s expansion. Catamarans are highly comfortable. They have significantly more room than monohulls, and this means that the cockpit and living room between the two hulls provide enough space. This is especially critical while going from one lengthy destination to another. The market is expanding at a tremendous growth rate owing to the rising marine tourism and users’ inclination toward luxurious travels.
Due to the advancements in design and technology, boat manufacturers are producing catamarans that are quicker and more fuel-efficient. As a result, a slew of devoted monohull owners has switched to catamaran ownership. In November 2021, The Martini 7.0, a 165-foot catamaran yacht with unique technology that gives passengers seasickness treatment, was introduced by Servo Yachts LLC.
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Global Catamaran Market Segmentation
- Sailing Catamarans
- Power Catamarans
Major Players in the Global Catamaran Market
The key players in the Catamaran market are as Robertson & Caine, Fountaine Pajot, Lagoon, World Cat, Catana Group, Outremer Yachting, LeisureCat, Seawind, Incat Crowther, and Voyage. among others.
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