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Catamaran Market

Catamaran Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Catamaran Market is segmented by Product, Size, Application, and by Region. KDMI analyst foresees market revenue to cross USD 2.37 Billion by 2032 by growing with a CAGR of 6.5% during 2024-2032.


Catamaran Market Highlights

The global catamaran market is expected to cross a value of USD 2.37 billion by the end of 2032. The market was valued at USD 1.51 billion in 2023 and is expected to expand at a CAGR of 6.5% between 2024-2032.

  • Over the mid-term, the growing demand for recreational boating is the primary factor anticipated to drive the global catamaran market.
  • The high cost of the product is a major factor to challenge the market growth.
  • The Europe catamaran market is projected to dominate the global market.

                             Catamaran Market: Report Scope

Base Year

     2023

Base Year Market Size

     USD 1.51 Billion

Forecast Year

     2024-2032

Forecast Year Market Size

     USD 2.37 Billion

CAGR Value

    6.5%

Catamaran Market Key Trends/Major Growth Drivers

  • Expanding Tourism Industry to Boost the Demand for Catamaran
  • Surge in Investments in Marine Infrastructure
  • Growing Demand for Recreational Boating

Restraint Factors

  • High Cost of the Product
  • Complexities Associated with Maneuvering Catamarans

Catamaran Market Segmentation

  • By Product
  • By Size
  • By Application
  • By Geography

Catamaran Market Key Players

African Cats., Bavaria Catamarans, Beneteau Group, CATATHAI, Fountaine Pajot Catamarans, Leopard Catamarans, NAUTITECH, Outremer Yachting, Seawind, Voyage and others.


Catamaran Market Outlook

A watercraft that has two parallel hulls of equal size and are connected by a deck or a trampoline structure if known as a catamaran. The term ‘catamaran’ is derived from ‘Kattumaram’, a Tamil word which means ‘logs bound together’. These boats come in various sizes, ranging from small recreational boats to luxury yachts and large commercial vessels.

One of the primary factors, according to our experts at KD Market Insights, anticipated to drive the growth of the global catamaran market is the growing demand for recreational boating. People around the world are increasingly opting for outdoor activities and searching for unique travel experiences, supported by an increase in disposable income. The World Bank reported that the adjusted net national income per capita (current USD), reached USD 9748 in the year 2021, up from USD 7794 in the year 2010. Catamarans offer advantages such as stability, spaciousness, and fuel efficiency, making them popular choices among leisure boaters. Hence, with the increasing demand for recreational boating, the demand for catamarans is expected to increase. African Cats., Bavaria Catamarans, and Beneteau Group are some of the significant parties in the global market for catamaran.

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Catamaran Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global catamaran market are:

  • Expanding Tourism Industry to Boost the Demand for Catamaran: The tourism industry is soaring globally year-on-year. Our researchers have found that in the year 2023, the Travel & Tourism sector contributed about 9% to the global GDP. This was an increase by around 23% from its previous year. Additionally, the revenue generated from the coastal and maritime tourism in the year 2023 was around USD 150 billion, which is expected to touch USD 260 billion by 2032. Catamarans are widely used for various tourism-related activities such as sightseeing tours, snorkeling trips, and sunset cruises. Hence, as the tourism industry expands, especially in coastal regions, the demand for catamarans as tourist vessels would increase.
  • Surge in Investments in Marine Infrastructure: One of the biggest concerns in the maritime sector is the presence of an ageing fleet worldwide and the increasing greenhouse gas emissions from the marine industry. According to the statistics by the United Nations Conference on Trade and Development (UNCTAD), the GHG emissions from the marine industry accounts for 3% of the global total, and this has increased by 20% over the past decade. This concern, if not addressed, could reach 130% of their 2008 levels by 2050. With such increasing environmental concerns, the need for eco-friendly transportation options are on the rise. Catamarans are known to have been equipped with hybrid or electric propulsion systems, and are perceived as environmentally friendly alternatives. Hence, with an increasing investment in marine infrastructure, consumers are rapidly shifting their investment focus on catamarans, which is expected to drive the demand for these products in the coming years.

Which Probable Factors Could Hamper the Growing Catamaran Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of catamaran are:

  • High Cost of the Product: The manufacturing cost of catamaran is usually very high as compared to conventional monohull boats. These boats require advanced materials and design features for which the cost of production increases, impacting the final price of the product.
  • Complexities Associated with Maneuvering Catamarans: Although catamarans are known to have excellent stability and speed, these boats have limitations in its maneuverability in confined spaces. Hence, these boats may not be a preferred choice for all those customers who prioritize ease of maneuverability over stability.

How is the Global Catamaran Market Segmented?

Our experts at KD Market Insights have segmented the global catamaran market as:

By Product

  • Sailing Catamarans
    • Sport
    • Leisure
    • Transport
    • Others
  • Power Catamarans
    • Sport
    • Leisure
    • Transport
    • others

By Size

  • Small
  • Medium
  • Large

By Application

  • Sport
  • Leisure
  • Transport
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa

What are the Probable Factors Influencing the Europe Catamaran Market Forecast?

The Europe catamaran market is majorly driven by the presence of an affluent population and its strong demand for luxury yachts, along with the growing popularity of sailing tourism. Our researchers have found that the average per person net wealth in the region in the year 2020 was recorded to be close to USD 244770. Additionally, in Germany, there were about 3 million millionaires, while in the UK, France, and Italy, these numbers were 2.5, 2.3, and 1.7 million respectively. Hence, high-net-worth individuals who prefer seeking upscale boating experiences, often opt for catamarans due to its luxury amenities, spacious interiors, and stable performances. The European region has also been witnessing an upsurge in the number of charter companies who offer these luxury experiences. The region is also focusing on expanding its diverse coastal landscapes and scenic cruising destinations to attract tourists from around the world. Besides this, the growing popularity of sailing vacations and adventure tourism in the region is also poised to create numerous opportunities for market growth.

As per our analysts at KD Market Insights, the following five players lead the Europe catamaran market growth:

  • Lagoon Catamarans
  • Fountaine Pajot
  • Sunreef Yachts
  • Privilege Marine
  • Catana Group

Key Countries to Watch for in Europe Catamaran Market

Key Insights

France Catamaran Market to Register the Largest Regional Market Share

USD 0.28 Billion

United Kingdom Catamaran Market to Grow with the Highest CAGR During 2024-2032

6.9%


Which Key Players Top the Global Catamaran Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global catamaran market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with catamaran market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global catamaran market share:

  • African Cats.
  • Bavaria Catamarans
  • Beneteau Group
  • CATATHAI
  • Fountaine Pajot Catamarans
  • Leopard Catamarans
  • NAUTITECH
  • Outremer Yachting
  • Seawind
  • Voyage

What are the Recent Developments Observed in the Catamaran Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global catamaran market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Groupe Beneteau shared that it has acquired a shipyard in Portugal, known as STARFISHER. Post this acquisition, the new company formed would be known as GB PORTUGAL. The acquisition is aimed at strengthening the production capacity of the company for 25 – 35 foot powerboats.

Further, AIIOY shared that it has launched its design of its first autonomous electric-powered 28-foot catamaran. This new catamaran would provide autonomous features to its users, such as auto undocking and docking.


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Booklet
  • Publication date: 9th April 2024
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

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Frequently Asked Questions(FAQ)

The global catamaran market is expected to cross a value of USD 2.37 billion by the end of 2032.

The global catamaran market was valued at USD 1.51 billion in 2023.

Over the mid-term, the growing demand for recreational boating is the primary factor anticipated to drive the global catamaran market.

The global catamaran market is segmented by product, size, application, and by geography.

The Europe catamaran market is projected to dominate the global market in 2032.

Some of the key players in the catamaran market include African Cats., Bavaria Catamarans, Beneteau Group, CATATHAI, Fountaine Pajot Catamarans, and Leopard Catamarans among others.

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