About Catamaran
Catamaran is a multi-hulled watercraft which consists of two parallel hulls of equal sized that designed and constructed to offers outstanding performance at sea. Catamaran market is expected to mark significant growth over forecasted period owing to increasing travelling and tourisms activities, adoption of sailings, water sports and campaigning, recreational activities and technological advancement. There has been significant rise in number of people preferring travel and tourism activities with figure stood up to 8.3 trillion in global alone in 2017, so the future for Catamaran looks promising. This result in rising popularity of advanced multihull cruises with enhanced speed and escalating need for balanced structure and better safety may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.3% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Catamaran market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sunreef Yachts (Hong Kong), Lagoon Catamaran (United Kingdom), Fountaine Pajot Catamarans (France), Matrix Yachts (South Africa), Voyage (United States), Alibi (Australia), Robertson and Caine (India), Gemini Catamarans (United States), World Cat (United States) and Outremer Yachting (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Scape Yachts (South Africa), Seawind Caramarans (Australia), Pedigree Cats Catamaran (United States), Defline (United States) and Farrier Marine(New Zealand).
Segmentation Overview
AMA Research has segmented the market of Global Catamaran market by Type (Sailing Catamarans and Powered Catamarans), Application (Sport, Cruising, Ocean Racing, Passenger Transport and Other Applications) and Region.
On the basis of geography, the market of Catamaran has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Rising popularity in military operations and transportation. and Increasing spending in boating activities.
Market Growth Drivers:
Rising Demands of Engine Powered Boats Boost the Catamaran Market. and Rapid Demand Due to Requirement of Luxurious and Leisure Applications Fuelled up the Catamaran Market.
Challenges:
Limitation on the Government Regulations are Anticipated to Challenge the Market.
Restraints:
High Cost of Maintenance Associated with Catamaran Market and Substitutes Available for Catamaran
Opportunities:
Technology Advancements in Cruises Leads to Grow the Catamaran Market. and Upsurge Demand of Catamarans in Sports Competition.
In February 2019, Vaan Yachts launched a first-ever model which is beneficial in providing catamaran that made of circular materials including recycled aluminium and cork. It also offers an innovative designed R4 premium yacht that optimally combines comfort with a spectacular sailing experience.
“According to General Data Protection Regulation (GDPR), Catamaran Charters provide privacy and security of individuals and their personal information very seriously and takes every reasonable measure and precaution to protect and secure the personal data.”
Key Target Audience
Catamaran Manufacturers, Catamaran Traders, End-Use Market Participants of Different Segments of Catamaran, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.