Catamaran Market by Type (Sailing Catamarans, Powered Catamarans); by Size (Small, Medium, Large); by Application (Sports, Passenger Transport, Cruising, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

Date : Sep 2021

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Report ID : 777

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Category : Automotives & Transportation

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Report Format:  PDF EXCEL PPT WORD

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.

Catamaran Market Overview:

A catamaran is a multi-hulled watercraft offering parallel hulls of identical size. It is a geometry-stabilized craft, deriving its stability from its huge beam, in preference to ballasted keel with a monohull boat. Catamarans are classified into powered catamarans and sailing catamarans. It offers numerous benefits that include sufficient space, relaxing comfort, and sailing stability in contrast to a traditional monohull.

Catamaran Market

Catamaran Market Dynamics:

High emphasis on the layout to enhance the boating structure via multi-hulls and enhance travelling velocity with over 20 nautical miles are predicted to be the prominent features fuelling the catamaran market growth. Various benefits offered which includes adequate space, enjoy comfort, and cruising stability in evaluation to traditional monohull counterparts along with yachts, boats, and cruises have offered significant industry traction to these designs. For instance, in February 2021, the South African producer Robertson & Caine launched the Leopard 42 on the Miami Boat Show in February 2021 to replace the Leopard 40. This new sailing catamaran is inspired by the larger models and gains a brand new lounge area on the roof.

In addition, the increasing travel and tourism activities across the globe due to the rising disposable income of the population is one of the significant factors that drives the growth of the market during the forecast period. For instance, according to secondary sources, in the global economy the contribution of the travel & tourism sector is around USD 9.25 trillion. Moreover, increasing recreational activities across the globe propels the demand for the catamaran market throughout the forecast period.

The Global Catamaran Market Segmentation:

By Type

  • Sailing Catamarans
  • Powered Catamarans

By Size

  • Small
  • Medium
  • Large

By Application

  • Sports
  • Passenger Transport
  • Cruising
  • Others

By Region

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

Catamaran Market Company Profiles and Competitive Intelligence:

  • Gemini Catamarans
  • African Cats B.V.
  • PEDIGREE CATS, INC.
  • CATATHAI
  • 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
  • ROBERTSON and CAINE

Based on the type, the powered catamarans segment in the catamaran market is growing at the highest CAGR during the forecast period due to the rise in cruising and racing events

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 powered catamarans in the catamaran market can be attributed to their properties such as efficiency, reliability, and increased space. However, the sailing catamaran in the catamaran market is witnessing a moderate growth 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 accelerating the catamaran market segment growth.

Based on the size, the medium size segment in the catamaran market show a significant growth rate during the forecast period owing to its application in chartering services

Based on the size, the global catamaran market has been segmented into small, medium, and large size. The medium size segment in the catamaran market shows a significant growth rate during the forecast period. The growth in this segment is attributed to its application in chartering services. However, the large size segment in the catamaran market is growing at a relatively high pace as compared to the other segment due to its growing demand for larger space and other application areas.

Based on region, Europe dominated the catamaran market during the forecast period owing to the technologically advanced manufacturing infrastructure

Based on region, the global catamaran market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe to 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 market that influence the demand of the catamaran to a great extent. However, the North American catamaran market is expected to grow at a significant rate during the forecast period. The growth in this region is attributed to the increasing spending on luxury boating such as powered cats, yachts, cruisers, and others. Moreover, the growth in this region is mainly driven by the high spending on recreational activities, especially in the boating industry. Thus, proliferating the growth of the catamaran market to a significant level in the region.

The report also provides an in-depth analysis of Catamaran market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

  • Increased travel and tourism activities
  • Rising disposable income
  • Technological advancements
  • Increasing recreational activities

Restraints

  • Improper and unbalanced load placement

Opportunities

  • Growth in the travel and tourism industry

Challenges

  • Higher berthing costs at a marina

COVID-19 Impact on the Catamaran Market Analysis:

In early 2020, the COVID-19 pandemic started to spread around the world, millions of people globally had been infected with COVID-19 disease, and major nations around the globe have carried out foot prohibitions and work stoppage orders. Except for the medical supplies and life support products industries, most industries were substantially impacted, and Catamaran industries have also been significantly affected. The catamaran market have a significant impact due to the closure of all activities such as travel & tourism, recreational activities, adventure and others. For instance, according to the United Nation World Tourism Organization (UNWTO), the international tourism expected to decline over 70% in 2020. However, the gradual reopening of the economies accelerates the growth of the global catamaran market.

*Note: A detailed analysis specific to the catamaran market will be provided in the report

The report also provides an in-depth analysis of key trends in the catamaran market:

  • The trend leans increasingly towards larger catamarans
  • Wave-piercing or reverse bows are considered cutting-edge naval architecture and one of the latest popular catamaran design trends

The report also provides an in-depth analysis of recent news developments and investments:

  • In January 2021, Volkswagen has collaborated with Austrian builder Silent Yachts for the new undertaking to subsequently see the identical electric powertrains presently utilized in VW’s ID.3 and ID.4 installed in an array of ocean-going multihulls. They jointly declared aim of the companies is to position the primary solar-electric powered catamaran with modular e-drive system (MEB) propulsion on the water in 2022.
  • In July 2021, Sunreef Yachts, a leader in luxurious catamaran design and manufacturing, introduced one of the most outstanding designs in the multihull industry which includes the world’s first flybridge catamaran. These concept unlocks a new potential for onboard comfort due to a design using the volume of both the hulls and bridge deck to achieve immense living space.

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the Catamaran Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

What is the market size of the global catamaran market?

The global catamaran market is anticipated to reach USD 1.7 Billion by 2027.

What is the estimated market growth rate of the catamaran market size?

The catamaran market is estimated to grow at a compound annual growth rate (CAGR) of 4.5% during the forecast period.

What is the share of North America in the catamaran industry?

Europe is projected to hold a significant market share in the catamaran market during the forecast period.

Who are the key players in the catamaran industry?

A few key players include, but are not limited to Gemini Catamarans, African Cats B.V., PEDIGREE CATS, INC., CATATHAI, World Cat Boats, Seawind Group Holdings, Pty Ltd, Multihulls World, Daedalus Yachts, Fountaine Pajot SA, and Matrix Yachts

What are the restraints for the catamaran industry?

Improper and unbalanced load placement is the major restraining factor that hampers the growth of the market.

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Table of Contents Catamaran Market:

Market Introduction

  • Definition
  • Scope Of The Study
  • List Of Assumptions
  • Market Structure
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Executive Summary

  • Market Summary
  • Market Snapshot
  • Regional Snapshot
  • Country Snapshot

Premium Insights

  • Key Trend Analysis
  • New revenue Pockets
  • Pain Point Analysis
  • Company Market Share Analysis, by Region
  • Strategies Adopted-Benchmarking Heat Map
  • Regulatory Landscape
  • PESTEL Analysis
  • Regional Lifecycle
  • Competitive Benchmarking

Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Product comparison
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Market Segmentation (Market Size and Share Analysis)

  • Global Market Size & Historic Growth
  • Market Size by Type
    • Sailing Catamarans
    • Powered Catamarans
  • Market Size by Size
    • Small
    • Medium
    • Large
  • Market Size by Application
    • Sports
    • Passenger Transport
    • Cruising
    • Others

Market Dynamics

  • Market Drivers
  • Opportunities
  • Value Chain Analysis
  • Pricing Analysis

COVID – 19 Opportunity Mapping

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis

Regional Market Analysis

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • GCC
    • Rest of MEA

Company Profiles:

  • Gemini Catamarans
    • Company Fundamentals
    • Financial Analysis (Subject to Availability)
    • Product Portfolio
    • SWOT Analysis
  • African Cats B.V.
  • PEDIGREE CATS, INC.
  • CATATHAI
  • 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
  • ROBERTSON and CAINE

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