The newly released research at Market Study Report titled “2018-2024 Global Catamarans Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 12/07/2018 -- Increasing participation in recreational boating that includes boat racing, sailing, cruising, and motorsports has led to considerable growth in high performance ships. Proliferating disposable income per capita is among the prominent factors contributing to the increasing popularity of ships that feature comfort, luxurious spaces, and ease of maneuverability. Rising awareness of these recreational boats and the number of clients willing to invest in the products are expected to drive the overall catamarans market share from 2018 to 2024.
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High consumer inclination towards recreational boating in several developed economies such as the U.S., Germany, France, and Italy has resulted in increased multihull penetration. Proliferating demand for replacing old structures with the advanced models will significantly contribute in revenue generation. Architectural development, technology advancement, economic improvement, and enhanced performance parameters will further drive the catamarans market share.
Rising participation in activities such as water sporting, campaigning, and boat racing events are projected to augment the sailing catamarans industry over the forecast period. Advanced models offering improved stability, high speed performance of up to 400 nm per day, and ease of maneuverability are the major factors propelling the segment growth. Additionally, increasing number of international cruising events such as the Cruiser organized by Atlantic Rally will strengthen adoption rate across the globe.
North America catamarans market will grow at 3.5% from 2018 to 2024. Rising disposable income has led to increased spending on luxury boating activities such as cruisers and yachts, thereby boosting the industry growth. In addition, the U.S. is largest contributor of the recreational boating industry, providing stable growth platform over the forecast timeframe.
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Powered catamarans industry accounted for 943 units in 2017 owing to strong consumer inclination towards high-speed and fuel-efficient boats over long sea routes. Primary advantage offered by these powered cats is to operate at consistent speeds even in absence of wind. Owing to these factors, the segment has witnessed significant applications in commercial and defense sector.
Europe accounted for maximum industry share in the global catamarans market owing to the largest manufacturing base. Advanced manufacturing facilities and highly experienced workforce are significantly influencing the global buyers. Industry players such as Fountaine Pajot, Lagoon, Bali, and Catana Group are highly preferred by high-end consumers present across the globe.
Major catamarans market players are Catana Group, Outremer Yachting, Fountaine Pajot, Grup Aresa Internaciona, Lagoon, and Robertson & Caine. Other notable players include African Cats, Matrix Yachts, Seawind, LOMOcean Design, Voyage, Incat Crowther, Bavaria, Alumarine Shipyard, and LeisureCat. They are focused on developing high speed boats that feature improved structural stability with improved performance. Manufacturers are also emphasizing on reducing sailor risk in the event of extreme weather conditions.
Table of Contents
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Catamarans Industry Insights
Chapter 4. Catamarans Market, By Product
Chapter 5. Catamarans Market, By Region
Chapter 6. Catamarans Market Company Profiles
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