PUBLISHER: Allied Market Research | PRODUCT CODE: 1266401
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266401
Catamarans are multi-hulled boats that are considered as luxury cruising yachts. They 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. These major benefits have led to the growth of the catamaran market during the forecast period.
The catamaran market is growing rapidly as a result of a number of factors, including the advantages of catamarans over monohull boats and the rise in demand for leisure and recreational activities. Nevertheless, during the projected period, issues such as high initial costs and environmental concerns are anticipated to continue to restrain the market. Furthermore, the catamaran industry is still expected to grow in the future due to factors such as increased customer desire for environmentally friendly boats and advancements in technology, which is expected to offer lucrative opportunities for the market players during the forecast period.
The catamaran market is segmented on the basis of size, application, product type, and region. By size, the market is divided into below 15m, 16m-30m, and above 31m. By application, it is fragmented into sports, leisure, transport, and others. By product type, it is categorized into sailing catamaran and power catamaran. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the catamaran market are: Leopard Catamarans, Outremer catamarans, Beneteau/Lagoon, Fountaine Pajot, Catana Catamarans, Nautitech Catamaran, Privilege Catamarans, Antares Catamarans, Gemini Catamarans, and Seawind Cats.