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Global Catamarans Market to Grow at a CAGR of 5% During 2021-2026, Aided by the Growing Popularity of Sailing and the Rapid Advancements in Technology

According to a new report by EMR titled, ‘Global Catamarans Market Report and Forecast 2021-2026’, the market, in terms of value, is expected to grow at a CAGR of 5% between 2021 and 2026.

The global catamarans industry is anticipated to be driven by the growing sailing catamarans industry. Over the forecast period, the increased popularity of sailing among the younger population is likely to bolster the market growth. Sailing provides an element of adventure, which is important for those who lead a hectic and stressful life. Therefore, the increasing requirement of seagoing marine vehicles that are fast, powerful, and comfortable, such as sailing catamarans, is boosting the growth of the overall market.

Technological advancements in catamarans are likely to aid the market further. These advancements not only provide comfort but also allow catamarans to cover long-distance voyages. For instance, Dolphin 42, a Brazilian catamaran, is equipped with daggerboards, which allows it to point higher on the wind while reducing the wetted surface when running or anchoring in shallow surfaces.  Furthermore, the increasing demand for catamarans for recreational boating activities is compelling manufacturers to balance the demands of performance and cruising comfort in a relatively compact package. Thus, the growing innovations by the leading players operating in the recreational boats market, such as Brunswick Corporation (NYSE: BC) and Malibu Boats, Inc. (NASDAQ: MBUU), are expected to further boost the industry growth.

Europe is anticipated to account for a significant share in the market owing to the presence of leading industry players, increasing consumer spending on leisure activities, and easy availability of the product for rent in the region.

Market Breakup by Type, Size, Application, and Region:

  • The market is segmented based on type into sailing, and powered, among others.
  • On the basis of size, the market is divided into small, medium, and large.
  • The major applications of the product include sports and cruising, and passenger transport, among others. 
  • Region-wise, the global market for catamarans can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for catamarans is being driven by the thriving travel and tourism industry and increasing disposable income. 
  • The growing popularity of sailing, and sports and cruising activities is providing a further boost to the industry.
  • The increasing demand for passenger transport is anticipated to further aid the market growth. 
  • The technological advancements and innovations to enhance the speed and comfort of catamarans are likely to bolster the market growth in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global catamarans industry for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the types, sizes, applications, and major regions of catamarans.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global catamarans market are HanseYachts AG, African Cats B.V., Alumarine Shipyard, Bavaria Yachtbau GmbH, and Catana Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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