Catamaran Market
Catamaran Market Forecasts to 2028 - Global Analysis By Product (Sailing catamarans, Powered catamarans), Size (Small (Below 15m), Medium (15m-30m), Large (Above 30m), Application (CommercialDefense) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $4.40 BN |
|
Projected Year Value (2028) |
US $6.98 BN |
|
CAGR (2022 - 2028) |
8.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Europe |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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
List of Tables
1 Global Catamaran Market Outlook, By Region (2020-2028) (US $MN)
2 Global Catamaran Market Outlook, By Product (2020-2028) (US $MN)
3 Global Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
4 Global Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
5 Global Catamaran Market Outlook, By Size (2020-2028) (US $MN)
6 Global Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
7 Global Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
8 Global Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
9 Global Catamaran Market Outlook, By Application (2020-2028) (US $MN)
10 Global Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
11 Global Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
12 Global Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
13 Global Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
14 North America Catamaran Market Outlook, By Country (2020-2028) (US $MN)
15 North America Catamaran Market Outlook, By Product (2020-2028) (US $MN)
16 North America Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
17 North America Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
18 North America Catamaran Market Outlook, By Size (2020-2028) (US $MN)
19 North America Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
20 North America Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
21 North America Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
22 North America Catamaran Market Outlook, By Application (2020-2028) (US $MN)
23 North America Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
24 North America Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
25 North America Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
26 North America Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
27 Europe Catamaran Market Outlook, By Country (2020-2028) (US $MN)
28 Europe Catamaran Market Outlook, By Product (2020-2028) (US $MN)
29 Europe Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
30 Europe Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
31 Europe Catamaran Market Outlook, By Size (2020-2028) (US $MN)
32 Europe Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
33 Europe Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
34 Europe Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
35 Europe Catamaran Market Outlook, By Application (2020-2028) (US $MN)
36 Europe Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
37 Europe Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
38 Europe Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
39 Europe Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
40 Asia Pacific Catamaran Market Outlook, By Country (2020-2028) (US $MN)
41 Asia Pacific Catamaran Market Outlook, By Product (2020-2028) (US $MN)
42 Asia Pacific Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
43 Asia Pacific Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
44 Asia Pacific Catamaran Market Outlook, By Size (2020-2028) (US $MN)
45 Asia Pacific Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
46 Asia Pacific Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
47 Asia Pacific Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
48 Asia Pacific Catamaran Market Outlook, By Application (2020-2028) (US $MN)
49 Asia Pacific Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
50 Asia Pacific Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
51 Asia Pacific Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
52 Asia Pacific Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
53 South America Catamaran Market Outlook, By Country (2020-2028) (US $MN)
54 South America Catamaran Market Outlook, By Product (2020-2028) (US $MN)
55 South America Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
56 South America Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
57 South America Catamaran Market Outlook, By Size (2020-2028) (US $MN)
58 South America Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
59 South America Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
60 South America Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
61 South America Catamaran Market Outlook, By Application (2020-2028) (US $MN)
62 South America Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
63 South America Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
64 South America Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
65 South America Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
66 Middle East & Africa Catamaran Market Outlook, By Country (2020-2028) (US $MN)
67 Middle East & Africa Catamaran Market Outlook, By Product (2020-2028) (US $MN)
68 Middle East & Africa Catamaran Market Outlook, By Sailing catamarans (2020-2028) (US $MN)
69 Middle East & Africa Catamaran Market Outlook, By Powered catamarans (2020-2028) (US $MN)
70 Middle East & Africa Catamaran Market Outlook, By Size (2020-2028) (US $MN)
71 Middle East & Africa Catamaran Market Outlook, By Small (Below 15m) (2020-2028) (US $MN)
72 Middle East & Africa Catamaran Market Outlook, By Medium (15m-30m) (2020-2028) (US $MN)
73 Middle East & Africa Catamaran Market Outlook, By Large (Above 30m) (2020-2028) (US $MN)
74 Middle East & Africa Catamaran Market Outlook, By Application (2020-2028) (US $MN)
75 Middle East & Africa Catamaran Market Outlook, By Commercial (2020-2028) (US $MN)
76 Middle East & Africa Catamaran Market Outlook, By Defense (2020-2028) (US $MN)
77 Middle East & Africa Catamaran Market Outlook, By Sports and Cruising (2020-2028) (US $MN)
78 Middle East & Africa Catamaran Market Outlook, By Passenger Transport (2020-2028) (US $MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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