The catamarans global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Catamarans Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The catamarans market size has grown strongly in recent years. It will grow from $1.43 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to leisure and recreational boating, cruising and chartering trends, competitive sailing and racing, luxury yachting and marine tourism, multihull advantages..
The catamarans market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing interest in sustainable boating, innovations in design and materials, emerging niche markets, increased affordability and accessibility, rising marine tourism in emerging regions.. Major trends in the forecast period include racing catamarans and competitive sailing, charter and rental services, advances in navigation and control systems, compact and trailerable catamarans, global market expansion..
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Scope Of Catamarans Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Catamarans Market Overview
Market Drivers –
Increased cruising is driving the growth of the catamaran market. Cruising refers to traveling on a ship or boat, typically for pleasure or vacation purposes, while stopping at different ports or destinations. Cruising with a catamaran is a popular option, which combines the independence of sailing with the comfort and amenities of a conventional cruise ship. Catamarans are used in cruising to sail around, thus, increasing cruising will propel market growth. For instance, in February 2022, according to Cruise Market Watch, a China-based provider of analytics about the ocean cruise industry, the global ocean cruise passenger capacity increased to 581,200 in 323 ships, which can carry a total of 13.9 million passengers at the end of the year 2021. Additionally, in April 2022, Prosertek, Europe-based harbor equipment and machinery manufacturer, stated the number of passengers on cruise ships increased by 96% Year-on-Year (YoY) in 2021, hitting 13.9 million. Therefore, the increase in cruising is driving the catamaran market.
Market Trends –
Product innovation is a key trend driving innovation and growth in the catamaran market. Many major players in the industry are focusing on developing new technologies and solutions to reduce their environmental impact and improve efficiency. For example, in March 2023, Alva Yachts GMBH, a German-based electric luxury yacht brand for solar-driven catamarans, launched the Ocean Eco 78. It is uniquely designed as a 23.7-meter multihull yacht that has electric propulsion and transatlantic range. It has an expansive roof that has been specifically conceived for the integrated solar panels, which give it a transatlantic range and virtually unlimited autonomy. The solar cells can provide up to 26 kW, and the battery bank’s capacity is up to 490 kWh.
The catamarans market covered in this report is segmented –
1) By Product: Sailing Catamarans, Powered Catamarans
2) By Size: Small(below 15m), Medium(15m-30m), Large(above 30m)
3) By Application: Leisure, Commercial, Defense, Others
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Regional Insights –
Europe was the largest region in the Catamarans market in 2023. The regions covered in the catamarans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the catamarans market report are African Cats B V, Voyage Yachts Ltd., Bavaria Yachtbau GmbH, Catana Group SA, Seawind Group Holdings Pty Ltd., Outremer Catamarans, Fountaine Pajot SA, LeisureCat & AussieCat, Robertson & Caine Ltd., Matrix Yachts Ltd., Catathai Co. Ltd., Lagoon Catamarans, Incat Crowther Pty Ltd., Craig Loomes Design Group ltd., Aresa Shipyard SL, Leopard Catamarans, Beneteau SA, Nautitech Catamaran, Privilege Catamarans, Antares Catamarans, Gemini Catamarans, Kinetic Catamarans, Aquila Inc., Baraca Planet S.L., Pedigree Cats Inc., Scape Yachts, The Matrix, Travelopia Group, Nichols Brothers Boat Builders LLC, Corinthian Yachts Inc., World Cat Ltd., Alumarine Shipyard, iXblue SAS .
Table of Contents
1. Executive Summary
2. Catamarans Market Report Structure
3. Catamarans Market Trends And Strategies
4. Catamarans Market – Macro Economic Scenario
5. Catamarans Market Size And Growth
…..
27. Catamarans Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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