Catamarans Market Statistics 2021 | Industry Growth, Share & Regional Forecast To 2024

U.S. catamarans market, projected to surpass a volume of 567 units by 2024, with an estimated 3.4% CAGR by 2024. According to an estimate released by the U.S. Coast Guard in 2015, the nation recorded 4158 accidents including 2613 injuries and 626 deaths that accounted for property damages surpassing USD 42 million. Catamarans however, are designed to have a balanced structure & provide better safety from such accidental cases.

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The governmental defense and regulatory contributions toward catamarans industry is not limited only to the U.S., even the Asia Pacific region with China at its foray has been investing heavily to enhance the continent’s marine & defense infrastructure. It is prudent to mention that China has built over 80 different variety of Type 22 Houbei-Class – a catamaran designed with fast & sharp attack missile craft feature, to fasten its coastal safety & security.

Primarily driven by the improving global economy and rising disposable income levels, catamarans market has established a remarkable reputation for itself in the worldwide industry of water vessels. Technological innovations in agility & speed and the spotlight put on catamarans’ sports in the 2013 America’s Cup have expanded the appeal and popularity of this business sphere, in turn encouraging industry players and sailing enthusiasts to invest generously in this sector. In fact, water sports activities such as boat racing, cat racing, sailing, and motor sports have gained immense momentum in the recent years, thereby augmenting catamarans industry players to come up with latest technological advancements & innovations.

Citing a recent instance, Cape Dory Cruisers and Catamarans have collectively introduced a complete new range of power boats varying in size between 22-36 feet. The new vessels, according to the reports, are designed to provide efficiency with low structural weight and help lower fuel consumption. The firm plans to phase each model into the market in stages through a network of select dealers across North America and rest of the world. Cape Dory’s introduction of range of water vessels, according to industry analysts, is one of the classic examples of the robust demand and the incredible growth the catamarans market is experiencing in recent years.

further sheds light on the robust growth of this industry by claiming the global catamarans market to have pegged USD 1.5 billion in the year 2017. The report states that rising urbanization, the growing fleet of upper-class end users spending on luxury and leisure, and the expansion of the travel & tourism industry have augured well for the growth of catamarans market in the past few years. In fact, if reports are to be believed, the travel & tourism industry has emerged as one of the fastest growing economic sectors registering a 4.6% growth in 2017 – a 50% faster rate than the global economic growth.

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Some Point from Table of Contents:

Chapter 4.  Catamarans Market, By Product

4.1. Global catamarans industry share by product, 2017 & 2024

4.2. Sailing catamarans

4.2.1.  Market estimates and forecast, 2013 – 2024

4.2.2.  Market estimates and forecast, by region, 2013 – 2024

4.2.3.  Leisure

4.2.3.1.    Market estimates and forecast, 2013 – 2024

4.2.3.2.    Market estimates and forecast, by region, 2013 – 2024

4.2.4.  Commercial

4.2.4.1.    Market estimates and forecast, 2013 – 2024

4.2.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.3. Powered catamarans

4.3.1.  Market estimates and forecast, 2013 – 2024

4.3.2.  Market estimates and forecast, by region, 2013 – 2024

4.3.3.  Leisure

4.3.3.1.    Market estimates and forecast, 2013 – 2024

4.3.3.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.4.  Commercial

4.3.4.1.    Market estimates and forecast, 2013 – 2024

4.3.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.5.  Defense

4.3.5.1.    Market estimates and forecast, 2013 – 2024

4.3.5.2.    Market estimates and forecast, by region, 2013 – 2024

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