Catamaran Market Growing CAGR of 4.5% During the Forecast Period 2021-2027

The increase in travel and tourism activities is expected to drive the global catamaran market growth during the forecast period

The Global Catamaran Market was valued at USD 1.2 Bn in 2020 and is expected to reach USD 1.7 Bn by 2027, with a growing CAGR of 4.5% during the forecast period.

Technological development with using light-weight aluminium foil imparting the most superior multihull cruises with better speed, and enhanced stability in the sea are propelling the catamaran market. It is particularly used for luxurious and leisure applications through the upper-class end user. Additionally, development in terms of engine-powered ships are imparting tremendous speed, improved motion stability, excessive reliability, decrease accidental chances, higher fuel performance, and speeds. Thus, the catamaran market is proliferating the growth across the globe.

Based on the type, the catamaran market has been segmented into sailing catamarans and powered catamarans. The powered catamarans segment in the catamaran market is growing at the highest CAGR during the forecast period. The growth in this segment is attributed to the rise in cruising and racing events. Moreover, the high demand for a powered catamaran in the catamaran industry can be attributed to their properties such as efficiency, reliability, and increased space. However, the sailing catamaran in the catamaran market is growing at a moderate rate during the forecast period owing to the growing demand with travelling speeds that are 20-50% faster than similar length mono-hulls. Moreover, the rising popularity of sailing sports events like America’s Cup and Atlantic Rally for Cruisers has, in turn, led to increased demand for high-performance catamarans, thus it is accelerating the catamaran market segment growth.

The overall performance of these multihulls in water is drastically affected because of improper and unbalanced load placement, causing a lack of performance and fuel wastage. Moreover, these multi-hulls cannot point high in relation to the monohulls, alleviating the discomfort to the users. Windage factor, slamming of bridge deck because of excessive waves, and mild displacement enhance the handling complexity making training mandatory for the beginners. These are major factors to be able to avert the catamaran demand throughout the forecast period.

Global Catamaran Market by Region Outlook (Revenue, USD Million, 2021-2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

In terms of geography, Europe dominate the catamaran market during the forecast period owing to the technologically advanced manufacturing infrastructure. Moreover, the region has the most experienced workforce in the catamaran industry that influence the demand of the catamaran to a great extent.

The Global Catamaran Industry Segmentation:

Global Catamaran Market by Type Industry Outlook (Revenue, USD Million, 2021-2027)

  • Sailing Catamarans
  • Powered Catamarans

Global Catamaran Market by Size Industry Outlook (Revenue, USD Million, 2021-2027)

  • Small
  • Medium
  • Large

Global Catamaran Market by Application Industry Outlook (Revenue, USD Million, 2021-2027)

  • Sports
  • Passenger Transport
  • Cruising
  • Others

Key Findings:

  • Based on the type, the powered catamarans segment in the catamaran industry is growing at the highest CAGR during the forecast period
  • Based on the size, the medium size segment in the catamaran industry shows a significant growth rate during the forecast period
  • Based on region, Europe dominate the catamaran industry during the forecast period

The key players operating in the catamaran market are:

  • Gemini Catamarans
  • African Cats B.V.
  • World Cat Boats
  • Seawind Group Holdings, Pty Ltd
  • Multihulls World
  • Daedalus Yachts
  • Fountaine Pajot SA
  • Matrix Yachts
  • TomCat Boats
  • Spirited Designs
  • Catamaran Outremer
  • Lagoon catamarans

Recent News:

  • In April 2021, Fountaine Pajot announced that they will be the first shipyard to combine hydrogen as an alternative energy solution on its catamarans. As a part of Odyssea 2024 plan, they'll combine EODev’s hydrogen generator REXH2, to power Samana 59 sailing multihulls. The REXH2 might be able to provide up to 70kW and charging a 44kWh LiFePO battery designed for maritime use.
  • In April 2021, Alexandre Thiriat designed, Dubbed Corellian 110 with the cat sports a sleek hull made from 100% recycled aluminium. It’s additionally prepared with solar panels that strengthen the vessel’s onboard facilities for real off-grid cruising with hydrogen propulsion technology, that's turning into extra concrete due to advances in research and engineering.

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