The catamarans market share could increase substantially in the forthcoming years owing to the proliferation of the travel and tourism sector. This could be attributed to the constantly rising disposable incomes, growing domestic and outbound tourism, and the increasing leisure expenditure on sports and recreational activities like water sports, day-sailing, chartering, world cruising, fishing, etc.

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Over the years, governments across several economies have rolled out numerous initiatives and promoted river tourism to aid the development of the boating sector. These initiatives have encouraged boat and catamaran manufacturers globally to integrate the latest technology and introduce products like lightweight aluminum foil for the manufacturing process to improve the stability and speed of the boat.

The catamarans market suffered a significant setback due to severe limitations and movement restrictions imposed by the local and national authorities, leading to a stagnancy across the domestic and international tourism sector. However, with the increasing support from government organizations, accelerating vaccination drives, and lifting of lockdown restrictions, the industry has recouped its path to recovery and may gain significant moment in the foreseeable future.

The tourism and travel industry has undergone considerable transformation due to strong economic growth, increasing wanderlust, and a growing desire to travel and explore the outdoors. 

As per the latest IBEF report, the tourism and hospitality sector in India is likely to earn nearly USD 51 billion as visitor exports compared with an estimated USD 28.9 billion in 2018. On the other hand, the Indian travel market could reach USD 125 billion by 2027 from an assessed USD 75 billion in 2020.

These optimistic scenarios are backed by the expanding middle-class population, rising disposable incomes, and the rapid proliferation of domestic and outbound tourism. In addition, constantly improving infrastructure and supportive government policy framework will push the catamarans market forecast in the years ahead.

In May 2022, Marine Technology Inc. announced the launch of its 44-feet next-gen outboard-powered catamaran by 2023. The 44-footer will be equipped with a larger cockpit for better accommodation of the eight-seat layout, which the company perfected in its 390X with upgraded side panels, dash, and additional storage.

Such innovations are aimed at elevating the entire tourism experience of the customer. The escalating launch of similar products with better features and capabilities will significantly propel the catamarans market trends over the forecast timeframe.

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Some Point from Table of Contents:

Chapter 6   Catamarans Market, By Size

6.1    Key trends, by product

6.2    Small (Below 15m)

6.2.1    Market estimates and forecast, 2018 – 2028

6.3    Medium (15m-30m)

6.3.1    Market estimates and forecast, 2018 – 2028

6.4    Large (Above 30m)

6.4.1    Market estimates and forecast, 2018 – 2028

Chapter 7   Catamarans Market, By Application

7.1    Key trends, by product

7.2    Lesiure

7.2.1    Market estimates and forecast, 2018 – 2028

7.3    Commerical

7.3.1    Market estimates and forecast, 2018 – 2028

7.4    Defense

7.4.1    Market estimates and forecast, 2018 – 2028

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