Catamarans Market Share, Trend & Growth Forecast to 2028 - PowerPoint PPT Presentation

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Catamarans Market Share, Trend & Growth Forecast to 2028

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The catamarans market share could increase substantially in the forthcoming years owing to the proliferation of the travel and tourism sector. – PowerPoint PPT presentation

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Title: Catamarans Market Share, Trend & Growth Forecast to 2028


1
Catamarans Market Growth Analysis Regional
Outlook To 2028
2
  • Industry Insights
  • A research study conducted by Global Market
    Insights, Inc., the global catamaran market size
    may exceed as much as USD 6 billion by 2028.
  • The catamarans market share could increase
    substantially in the forthcoming years owing to
    the proliferation of the travel and tourism
    sector. This could be attributed to the
    constantly rising disposable incomes, growing
    domestic and outbound tourism, and the increasing
    leisure expenditure on sports and recreational
    activities like water sports, day-sailing,
    chartering, world cruising, fishing, etc.
  • Over the years, governments across several
    economies have rolled out numerous initiatives
    and promoted river tourism to aid the development
    of the boating sector. These initiatives have
    encouraged boat and catamaran manufacturers
    globally to integrate the latest technology and
    introduce products like lightweight aluminum foil
    for the manufacturing process to improve the
    stability and speed of the boat.

3
  • The catamarans industry suffered a significant
    setback due to severe limitations and movement
    restrictions imposed by the local and national
    authorities, leading to a stagnancy across the
    domestic and international tourism sector.
    However, with the increasing support from
    government organizations, accelerating
    vaccination drives, and lifting of lockdown
    restrictions, the industry has recouped its path
    to recovery and may gain significant moment in
    the foreseeable future.
  • The tourism and travel industry has undergone
    considerable transformation due to strong
    economic growth, increasing wanderlust, and a
    growing desire to travel and explore the
    outdoors.
  • As per the latest IBEF report, the tourism and
    hospitality sector in India is likely to earn
    nearly USD 51 billion as visitor exports compared
    with an estimated USD 28.9 billion in 2018. On
    the other hand, the Indian travel market could
    reach USD 125 billion by 2027 from an assessed
    USD 75 billion in 2020.

4
  • Regional Analysis
  • In a recent turn of events, Odisha Tourism, in an
    effort to add diversity and vibrancy to its
    offerings, decided to launch floating
    restaurants, catamarans, and houseboats in May
    2022 as part of its river tourism schemes. The
    department shed light on its plan to launch a
    50-seater catamaran and 30-seater floating
    restaurant in Cuttack soon and has further taken
    the initiative to refurbish and convert already
    existing four catamarans into luxury houseboats.
    This will operate under a public-private
    partnership and aims to promote river tourism at
    global standards.
  • Competitive Analysis
  • Robertson Caine
  • Fountaine Pajot
  • Lagoon
  • World Cat
  • Catana Group
  • Outremer Yachting.

5
Catamarans Market_at_ https//www.gminsights.com/indu
stry-analysis/catamarans-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/2
642
Request for customization https//www.gminsights.
com/roc/2642
6
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7
THANK YOU
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