Catamarans Market Opportunity and Demand Analysis Report by 2024
Catamarans market forecast report has predicted that sailing catamarans industry value will witness growth rate of 5.8% CAGR over 2018-2024. Accelerating product demand for campaigning, boat racing, and water sporting events due to improved stability, ease of maneuverability, and high speed will drive catamarans industry trends. Sailing catamarans are designed to achieve an average speed of 300-400 nautical miles per day. High-performance boats have witnessed great demand and adoption in World Cruising Events managed by Atlantic Rally for Cruiser. The restrictions to use power boats in rally will help to fuel product demand and catamarans industry size by 2024.
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Growing disposable income and enhancing global economy are some of the factors that will favor catamarans market share expansion by 2024. Augmenting inclination of people towards recreational activities such as sailing, boat racing, motorsports, and cruising has resulted in substantial growth in demand of high-performance ships. Furthermore, escalating disposable income per capita is one of the prominent aspects contributing to prevalence of ships which feature luxurious spaces, ease of maneuverability, and comfort thus propelling catamarans industry outlook. Catamarans have created a noteworthy reputation in the global industry of water vessels
Growing inclination of consumers for recreational boating in a number of developed nations such as Germany, the U.S., Italy, and France has resulted in intensified multihull penetration. Expanding demand to replace old structures with advanced models is likely to contribute in revenue generation for catamarans market share. Technological advancement, architectural development, improvement in performance parameters, and economic enhancement are expected to positively influence catamarans industry outlook.
Catamarans industry forecast report has predicted that North America will contribute with 3.5% CAGR by volume over 2018-2024. Amplifying spending on luxury boating such as powered cats, cruisers, yachts, and others are anticipated to encouragingly increase catamarans market share. Regional growth is majorly attributed to the U.S. demand due to greater expenditure on recreational activities particularly in boating sector.
Europe accounts for the largest share in the global catamarans market size due to improved manufacturing infrastructure needed for outstanding product ranges. Furthermore, the region has the most skilled work force which in turn significantly influences the preference of customers for high end performance ships manufactured in Europe.
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Partial Chapter of the Table of Content
Chapter 4. Catamarans Market, By Product
4.1. Global market 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. Catamarans 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. Catamarans 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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