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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126460

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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126460

Catamaran Market Forecasts to 2028 - Global Analysis By Product (Sailing catamarans, Powered catamarans), Size (Small (Below 15m), Medium (15m-30m), Large (Above 30m), Application (Commercial Defense) and By Geography

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According to Stratistics MRC, the Global Catamaran Market is accounted for $4.40 billion in 2022 and is expected to reach $6.98 billion by 2028 growing at a CAGR of 8.0% during the forecast period. A catamaran is a multi-hulled watercraft featuring two parallel hulls of equal size. It is a geometry-stabilized craft, deriving its stability from its wide beam, rather than from a ballasted keel as with a monohull boat. They are larger, more stable boats, and so in most situations this will make them a "safer" sailboat than a comparably sized monohull.

As per the Outdoor Industry Association 2020, the outdoor recreation economy accounted for USD 887 billion in annual consumer spending, contributing 7.6 million jobs to the U.S. economy and generating USD 125 billion in federal, state, and local tax revenues each year, thereby boosting the market size.

Market Dynamics:

Driver:

Growing demand for powered catamaran

Catamaran type such as sailing catamaran is comparatively mounting at steady pace as associated with powered catamaran. High demand for powered catamaran is owing to their efficiency, reliability, and increased space. Cockpit and living room between 2 hulls offer really a great space, it is much more space then on monohulls of the same length. It is important especially in destinations, where a lot of time spend anchoring and in marinas. It is also of great value, when there are kids onboard. This leads to the growth of the market in near future.

Restraint:

High cost & less availability

Charter of catamarans is more expensive than yachts of the same length, sometimes it is 150% more, sometimes 200% or even 300% more. Despite of higher price for charter and smaller number of them in association to sailboats, catamarans are very popular. So, charter a multihull always books them early as there is less availability. They have many fans and year-to-year their popularity grows.

Opportunity:

Technological advancements

Technological expansions in cruises such as improved speed and protection features together with rising stability have led to increased acceptance of catamarans for numerous applications. It is increasingly being used for luxury and leisure application; however, it is also gaining popularity in military operations and transportation as well. Developments in terms of dependability and enhanced speed and stability such as powerful engines and durable body of the hulls has aided catamarans to scale large distance in shorter time periods and offer enhanced comfort and safety. The racing events are gaining traction and are demanding advanced features in catamarans for enhanced speed and durability along with space and luxury features.

Threat:

Difficulty to find places in marinas

Since catamarans necessitate two times more space than yachts in the marina it is not simple to find two free places one next to each other in crowded marinas. While it's relatively easy to dock a catamaran with two motors and two rudders, as there is no need for a bow thruster; its size means that it can often take up more space which can drive up the docking costs. This is one the factors threaten the market growth.

Impact of Covid- 19

The COVID-19 pandemic negatively affected the industry fueled by the global lockdown and restrictions on travel & tourism. Lockdowns resulted in the shutdown of manufacturing facilities, unavailability of labor, and raw material shortages on account of disturbances in supply chain. Industry participants faced significant financial constrains by temporary business closures. However, the catamarans industry is estimated to experience an upward trend after the pandemic impelled by government initiatives to enhance marine tourism and investments by OEMs for new product innovations.

The Sailing catamarans segment is expected to be the largest during the forecast period

The Sailing catamarans segment is expected to be the largest during the forecast period. As there has been growing demand for sailing catamarans for leisure activities owing to its well-equipped inventory, which improves the safety and comfort of travellers, especially in areas prone to rainstorms. This makes them an excellent mode of sailing transport, thus, aiding the industry growth. Over the forecast period, the market is anticipated to be aided by the rising popularity of sailing sports in regions like Thailand, Greece, Australia, and New Zealand, among others.

The Medium (15m-30m) segment is expected to have the highest CAGR during the forecast period

The Medium (15m-30m) segment is expected to have the highest CAGR during the forecast period, due to the rising usage of 15 to 30 meters catamarans for corporate parties and the rising combination of advanced safety features OEMs is supporting the industry statistics. Several companies such as Lagoon, KNYSNA YACHT COMPANY (PTY) LTD, NAUTITECH CATAMARANS and Seawind Group Holdings, Pty Ltd. are launching their new products in this segment to improve brand value as well as customer base.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. Due to the increasing consumer spending on outdoor recreational activities is fuelling the market revenue. Moreover, consumers in the province are making large investments in outdoor recreational activities such as fishing, cruising, and boating are some of the few fators propelling the market growth in North American region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, as sailing catamarans are majorly used to spend quality time with friends & family. Rising demand for these boats with similar mono-hull lengths and around 40%- 50% greater traveling speeds will create a positive industry outlook. Rising popularity of sailing sports events, such as Atlantic Rally and America's Cup for Cruisers, has led to increased market demand. Region-wise, the increasing sales of catamarans in Europe can be accredited to their easy availability. This is likely to bolster the market growth in Europe significantly. The market in the province will further be aided by the rising sporting, fishing, and sailing activities in Europe.

Key players in the market

Some of the key players profiled in the Catamaran Market include African Cats B.V., Bavaria Yachtbau GmbH, Catana Catamarans, Construction Navale Bordeaux, Fountaine Pajot, Gemini Catamarans, Leopard Catamaran, Nautitech Catamarans, Robertson and Caine, Sunreef Yachts.

Key Developments:

In Jul 2020: Leopard Catamarans launched New Leopard 42 Sailing Catamaran. Leopard Catamarans, in partnership with design teams at Robertson and Caine and Simonis & Voogd Yacht Design, has officially launched the newest addition to its sailing range, the new Leopard 42. The vision of Leopard 42 was not a simple replacement for the highly successful Leopard 40.

In May 2022: Sunreef Yachts launches latest Sunreef 80 Power catamaran. Polish yard Sunreef Yachts has launched the seventh hull in its Sunreef 80 Power catamaran series.

Products Covered:

  • Sailing catamarans
  • Powered catamarans

Sizes Covered:

  • Small (Below 15m)
  • Medium (15m-30m)
  • Large (Above 30m)

Applications Covered:

  • Commercial
  • Defense
  • Sports and Cruising
  • Passenger Transport

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC21826

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Product nalaysis
  • 3.7 Application Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Catamaran Market, By Product

  • 5.1 Introduction
  • 5.2 Sailing catamarans
  • 5.3 Powered catamarans

6 Global Catamaran Market, By Size

  • 6.1 Introduction
  • 6.2 Small (Below 15m)
  • 6.3 Medium (15m-30m)
  • 6.4 Large (Above 30m)

7 Global Catamaran Market, By Application

  • 7.1 Introduction
  • 7.2 Commercial
  • 7.3 Defense
  • 7.4 Sports and Cruising
  • 7.5 Passenger Transport

8 Global Catamaran Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 African Cats B.V.
  • 10.2 Bavaria Yachtbau GmbH
  • 10.3 Catana Catamarans
  • 10.4 Construction Navale Bordeaux
  • 10.5 Fountaine Pajot
  • 10.6 Gemini Catamarans
  • 10.7 Leopard Catamarans
  • 10.8 Nautitech Catamarans
  • 10.9 Robertson and Caine
  • 10.10 Sunreef Yachts
Product Code: SMRC21826

List of Tables

  • Table 1 Global Catamaran Market Outlook, By Region (2020-2028) (US $MN)
  • Table 2 Global Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 3 Global Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
  • Table 4 Global Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
  • Table 5 Global Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 6 Global Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 7 Global Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 8 Global Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 9 Global Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 10 Global Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 11 Global Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 12 Global Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 13 Global Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
  • Table 14 North America Catamaran Market Outlook, By Country (2020-2028) (US $MN)
  • Table 15 North America Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 16 North America Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)

Table17 North America Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)

  • Table 18 North America Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 19 North America Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 20 North America Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 21 North America Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 22 North America Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 23 North America Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 24 North America Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 25 North America Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 26 North America Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
  • Table 27 Europe Catamaran Market Outlook, By Country (2020-2028) (US $MN)
  • Table 28 Europe Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 29 Europe Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
  • Table 30 Europe Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
  • Table 31 Europe Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 32 Europe Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 33 Europe Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 34 Europe Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 35 Europe Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 36 Europe Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 37 Europe Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 38 Europe Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 39 Europe Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
  • Table 40 Asia Pacific Catamaran Market Outlook, By Country (2020-2028) (US $MN)
  • Table 41 Asia Pacific Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 42 Asia Pacific Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
  • Table 43 Asia Pacific Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
  • Table 44 Asia Pacific Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 45 Asia Pacific Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 46 Asia Pacific Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 47 Asia Pacific Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 48 Asia Pacific Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 49 Asia Pacific Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 50 Asia Pacific Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 51 Asia Pacific Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 52 Asia Pacific Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
  • Table 53 South America Catamaran Market Outlook, By Country (2020-2028) (US $MN)
  • Table 54 South America Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 55 South America Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
  • Table 56 South America Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
  • Table 57 South America Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 58 South America Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 59 South America Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 60 South America Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 61 South America Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 62 South America Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 63 South America Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 64 South America Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 65 South America Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
  • Table 66 Middle East & Africa Catamaran Market Outlook, By Country (2020-2028) (US $MN)
  • Table 67 Middle East & Africa Catamaran Market Outlook, By Product (2020-2028) (US $MN)
  • Table 68 Middle East & Africa Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
  • Table 69 Middle East & Africa Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
  • Table 70 Middle East & Africa Catamaran Market Outlook, By Size (2020-2028) (US $MN)
  • Table 71 Middle East & Africa Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
  • Table 72 Middle East & Africa Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
  • Table 73 Middle East & Africa Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
  • Table 74 Middle East & Africa Catamaran Market Outlook, By Application (2020-2028) (US $MN)
  • Table 75 Middle East & Africa Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
  • Table 76 Middle East & Africa Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
  • Table 77 Middle East & Africa Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
  • Table 78 Middle East & Africa Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
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