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Catamarans Market Analysis | CMI

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Title: Catamarans Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
CATAMARANS MARKET ANALYSIS
  • Catamarans Market - by Product Type (Sailing
    Catamarans and Engine-powered catamarans), by
    Application (Cruising and Sporting), and by
    Regions - Global Industry Insights, and Forecast
    till 2023
  • 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.

3
Market Drivers
  • 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).

4
Figure 1. Global Catamaran Market, Key Impact
Forces
5
Market Opportunities
  • 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.

6
  • 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.
  • 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.

7
Market Restraints
  • 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.

8
Segment Information
  • 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.
  • 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.

9
Key Developments
  • Key players in the market are focusing on
    launching new products, in order to enhance its
    market share. For instance, Aquila 36 is an
    outboard powered sport catamaran offered by
    Multihull Central, which was launched in 2017.

10
Competitive Section
  • 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.

11
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/catamarans-market-1509

12
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

13
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
  • Thank You!
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  • https//www.coherentmarketinsights.com/
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