Catamarans Market - Global Industry Insights, and Forecast till 2025

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Catamarans Market- Global Industry Insight,
Trends, Outlook, and Opportunity Analysis
2017-2025

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REPORT DESCRIPTION
Catamarans Overview
Catamarans are multi-hulled boats and are
considered as luxury cruising yachts. Catamarans
were used for racing or sports purposes, however,
over the past few years, these have been
manufactured for cruising as well. Along with
sports and cruising, catamarans are also used for
various other applications such as passenger
transport and military operations. Catamarans
offer multiple advantages such as enhanced
stability, speed, and maneuverability over other
marine alternatives such as boats, yachts, and
monohulls. This has led to high adoption of
catamarans for various applications including
sports and recreational purposes. The average
speed of catamarans is 300 nautical miles (560
km) per day, which can be as much as 400 nautical
miles for sporting events. Catamarans provide
ample space, improved stability, due to support
from two hulls, high speed, level sailing due to
lack of heeling, and safety. This are among the
major benefits that has in turn, led to growth of
the market over the forecast period (20182023).
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REPORT DESCRIPTION
Increasing applications and advantages offered by
catamarans and increasing advancements in
technology in catamarans is fuelling growth of
the market during forecast period Technological
advancements in cruises such as enhanced speed
and safety features coupled with increased
stability have led to increased adoption of
catamarans for various application. It is
increasingly being used for luxury and leisure
application, however, it is also gaining
popularity in military operations and
transportation as well. Advancements in terms of
reliability and enhanced speed and stability such
as powerful engines and durable body of the hulls
has aided catamarans to scale large distance in
shorter time periods and offer enhanced comfort
and safety. The racing events are gaining
traction and are demanding advanced features in
catamarans for enhanced speed and durability
along with space and luxury features. Catamaran
or multihulls are popular for cruising, relaxing,
and has features to provide maximum comfort, see
over cabin tops, wide space, and bridge deck
clearance and several other performance based
advantages in relation to power and speed
catamaran. Cruising catamarans such as Cat 38
offered by Maine Cat Catamaran, Saona 47 offered
by Fountaine Pajot, and HH-55 offered by HH
catamarans are all high performance, comfortable,
and easy-to-handle cruising catamarans. Also,
events such as World Cruising Events organized by
Atlantic Rally, is also another factor expected
to aid in growth of the market over the forecast
period. Request sample Copy of this Report
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REPORT DESCRIPTION
Catamarans offer enhanced speed, however, reduces
load per unit of cost. Along with speed,
catamarans draw much less water than monohulls,
which is as less as 3 feet. This allows avoidance
of shoals and ease beaching the boat to work on
the bottom. However, the added beam of a
catamaran may cause problems for docking or
hauling out by a boatyard. Moreover, catamarans
have added expense for having two engines and two
rudders, which is are factors negatively
affecting growth of the market. Catamaran are
especially popular for sports in North America,
Europe, and certain parts of Asia Pacific region
such as Australia. A variety of sailing
catamarans and foiling catamarans have been used
in Olympic sailing competitions. North America
was the dominant region in the global catamaran
market, and is expected to retain its dominance
over the forecast period. According to Coherent
Market Insights analysis, North America is
expected to exhibit a CAGR of 4.2 to reach US
557.8 Mn by 2023 from US 417.4 million in
2016. Some of the key players in the global
catamaran market include Sunreef Yachts, Spirited
Designs, Lagoon Catamaran, Fountaine Pajot,
Matrix Yachts, Voyage Yachts, TomCat Boats,
Robertson and Caine, and Gemini Catamarans. To
Get Discount on this Report https//www.coherentm
arketinsights.com/insight/request-discount/1509
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