Catamaran Market

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 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:

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

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.

Research Methodology
Market Definition and List of Abbreviations
 1. Executive Summary
2. Growth Drivers & Issues in Global Catamaran Market
 3. Global Catamaran Market Trends
 4. Opportunities in Global Catamaran Market
 5. Recent Industry Activities, 2021
 6. Porter's Five Forces Analysis
 7. Market Value Chain and Supply Chain Analysis
8. Global Catamaran Market Size (USD Million), Growth Analysis and Forecast, (2021-2032)

9. Global Catamaran Market Segmentation Analysis, By Type
 9.1. Introduction
 9.2. Market Attractiveness, By Type
 9.3. BPS Analysis, By Type
 9.4. Sailing Catamaran
 9.5. Powered Catamaran

10. Global Catamaran Market Segmentation Analysis, By Size
 10.1. Introduction
 10.2. Market Attractiveness, By Size
 10.3. BPS Analysis, By Size
 10.4. Small Catamarans
 10.5. Medium Catamarans
 10.6. Large Catamarans

11. Global Catamaran Market Segmentation Analysis, By Passenger Type
 11.1. Introduction
 11.2. Market Attractiveness, By Passenger Type
 11.3. BPS Analysis, By Passenger Type
 11.4. Sports Catamaran
 11.5. Passenger Transport Catamaran
 11.6. Cruising Catamaran
 11.7. Others Catamaran

12. Geographical Analysis
 12.1. Introduction
12.2. North America Catamaran Market Size (USD Million) & Volume, 2021-2027
 12.2.1. By Type
 12.2.2. By Size
 12.2.3. By Passenger Type
 12.2.4. By Country
 12.2.4.1. Market Attractiveness, By Size
 12.2.4.2. BPS Analysis, By Size
12.2.4.3. U.S. Market Size (USD Million) 2021-2027
12.2.4.4. Canada Market Size (USD Million 2021-2027

12.3. Europe Catamaran Market Size (USD Million) & Volume, 2021-2027
 12.3.1. By Type
 12.3.2. By Size
 12.3.3. By Passenger Type
 12.3.4. By Country
 12.3.4.1. Market Attractiveness, By Country
 12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million) 2021-2027
12.3.4.4. United Kingdom Market Size (USD Million) 2021-2027
12.3.4.5. France Market Size (USD Million) 2021-2027
12.3.4.6. Italy Market Size (USD Million) 2021-2027
12.3.4.7. Spain Market Size (USD Million) 2021-2027
12.3.4.8. Russia Market Size (USD Million) 2021-2027
12.3.4.9. Rest of Europe Market Size (USD Million) 2021-2027

12.4. Asia Pacific Catamaran Market Size (USD Million), 2021-2027
 12.4.1. By Type
 12.4.2. By Size
 12.4.3. By Passenger Type
 12.4.4. By Country
 12.4.4.1. Market Attractiveness, By Country
 12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million) 2021-2027
12.4.4.4. India Market Size (USD Million) 2021-2027
12.4.4.5. Japan Market Size (USD Million) 2021-2027
12.4.4.6. South Korea Market Size (USD Million) 2021-2027
12.4.4.7. Indonesia Market Size (USD Million) 2021-2027
12.4.4.8. Taiwan Market Size (USD Million) 2021-2027
12.4.4.9. Australia Market Size (USD Million) 2021-2027
12.4.4.10. New Zealand Market Size (USD Million, 2021-2027
12.4.4.11. Rest of Asia Pacific Market Size (USD Million) 2021-2027

12.5. Latin America Catamaran Market Size (USD Million) 2021-2027
 12.5.1. By Type
 12.5.2. By Size
 12.5.3. By Passenger Type
 12.5.4. By Country
 12.5.4.1. Market Attractiveness, By Country
 12.5.4.2. BPS Analysis, By Country
12.5.4.3. Brazil Market Size (USD Million) 2021-2027
12.5.4.4. Mexico Market Size (USD Million) 2021-2027
12.5.4.5. Rest of Latin America Market Size (USD Million, 2021-2027

12.6. Middle East & Africa Catamaran Market Size (USD Million) 2021-2027
 12.6.1. By Type
 12.6.2. By Size
 12.6.3. By Passenger Type
 12.6.4. By Geography
 12.6.4.1. Market Attractiveness, By Geography
 12.6.4.2. BPS Analysis, By Geography
12.6.4.3. GCC Market Size (USD Million) 2021-2027
12.6.4.4. North Africa Market Size (USD Million) 2021-2027
12.6.4.5. South Africa Market Size (USD Million) 2021-2027
12.6.4.6. Rest of Middle East & Africa Market Size (USD Million) 2021-2027

13. Competitive Landscape
 13.1. Market Share of Key Players
 13.2. Market Positioning of Major Players in Global Catamaran Market
13.3. Company Profiles
 13.3.1. Matrix Yachts
 13.3.1.1. Product Offered
 13.3.1.2. Business Strategy
 13.3.1.3. Financials
 13.3.1.4. SWOT Analysis
 13.3.1.5. Market Share Analysis
 13.3.1.6. Key Achievements & Developments
 13.3.2. LOMOcean Design
 13.3.3. African Cats
 13.3.4. Alumarine Shipyard
 13.3.5. Seawind
 13.3.6. Incat Crowther
 13.3.7. Bavaria
 13.3.8. Outremer Yatching
 13.3.9. Catana Group
 13.3.10. Fountaine Pajot
 13.3.11. Zeon Corporation
 13.3.12. Other Major & Niche Key Players