Global Catamaran Market Insights and Forecast to 2028

Catamaran Market 2028

The global Catamaran market size is estimated to be worth USD 1485.2 million in 2022. It is forecast to have a readjusted size of USD 1868.4 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Key drivers of the catamaran industry include rising disposable income and a booming marine tourism sector with several recreational and leisure activities.

The technical advancements in catamarans for increasing safety will drive the growth of the market.

The growth of the tourism industry and the inclination of users towards luxurious travel will fuel the growth of the market in the forthcoming years. 

Catamaran Market Trends

Rising leisure and sports activities

The increasing income levels and rapid urbanization has led to a surge in marine tourism as people are spending quality time with friends and family by exploring newer destinations through cruising, ocean racing, sailing, and sports-related activities. Consumers are using boats as a means to enjoy time outdoors which will surge the growth of the catamaran market. This is driving manufacturers to put in rigorous efforts for bringing out innovative product designs that cater to the needs of different customers with different budgets and interests. Leisure activities have taken the center stage with a shift in consumer lifestyle patterns. Powered catamarans provide the needed comfort and remove the effects of unpredictable rolling at sea. The wider hull and efficient boat size decrease resistance and enable smooth headway during rough conditions. The deck space is larger and offers passengers to relax and enjoy the ride. The equal load distribution provides movement freedom to onboard customers. Moreover, the big-sized parallel hulls ensure stability and prevent heeling or capsizing. Catamarans are also fuel efficient as there are no drag experiences with a gradual rise in speed. 

Technological integrations

The overview of the yacht industry is positive with significant changes in technology. The same is the case with catamarans. Boats are being made with sails which help in reducing carbon footprint. It is a base polymer that eliminates the need for glue and is fully recyclable. Moreover, boating enthusiasts are using AIS technology based on the radio that provides protection against collision. The use of aluminum hulls and wood composite extends the lifespan of a single boat. The presence of electric motors helps in reducing environmental impact. Moreover, catamarans are flood proof as the compartmentalized design with a center cockpit provides better force resistance. This will expand the growth of the catamaran market in the forthcoming years. There are no artificial ballast or heels and the side hulls balance each other out perfectly. Extra buoyant material such as foam is added to ensure smooth sailing. It provides extra living space with individual or family cabins that ensure privacy and significantly improve the customer experience. 

The transitioning toward luxurious travel

Luxury and high-expense travel is gradually becoming the norm with many high-net-worth individuals spending excessively on private yacht vacations. Digital booking systems have been introduced to book the boats. It is faster, provides more variety, and is easily accessible and flexible. Multiple guided tours with personalized choices can be booked seamlessly which will, in turn, spur the demand for the catamaran market. Chartering a personal luxury catamaran or a yacht provides the need for privacy with large spaces for socializing with friends or family and enjoying a quiet ride. The captain and the crew are experts that provide all the necessary details and elevate the living experience. The entire trip is catered towards the choices of the sole booked guests with no hassles or sharing of rooms. The boats are designed to provide all entertainment-related options like food, drinks, and social gatherings. 

High cost

Catamarans are costly due to their overboard features. The chartering expense is higher than traditional monohulls. They take double the space to dock and charges are higher for docking as well. This will hamper the growth of the catamaran market. The wide bridge deck between the hulls is responsible for pounding and rolling which requires users to be vigilant in rough seas. Tacking is not easier and as it is lightweight the boat slows down frequently. The boats are not always available and the added sleeping capacity and equipment shoot up the price even more. 

Catamaran Market Share Analysis

Based on type, the sailing catamaran segment will dominate the catamaran market share due to newer designs and technological improvements. Sailing boats are ideal for long-distance cruises and can carry several passengers at once. The sail handling is easier and less expensive. On the other hand, the powered catamaran will grow the fastest as they provide a lot of steadiness, and buoyancy and come equipped with luxurious facilities for travelers. 

Based on application, the sports segment will dominate the catamaran market share due to the rise in water sports-related activities.

Based on region, Europe will be the most lucrative with a market share of 33% due to increasing consumer spending on water sports and recreational activities. The presence of high net worth individuals and the introduction of technologically advanced catamarans will drive the growth of the segment. On the other hand, the US  is in second place with a 28% share followed by Japan with 15%. China in Southeast Asia holds 10% of the market. 

Segment by Type

• Sailing Catamarans
• Powered Catamarans

Segment by Application

• Sport
• Cruising
• Ocean Racing
• Passenger Transport
• Others

BY COMPANY

• Sunreef Yachts
• Spirited Designs
• Lagoon catamarans
• Fountaine Pajot Catamarans
• Matrix Yachts
• Voyage
• TomCat Boats
• Alibi
• Robertson and Caine
• Gemini Catamarans
• World Cat
• Outremer Yachting
• Scape Yachts
• Seawind Caramarans
• Pedigree Cats Catamaran
• Defline
• Farrier Marine
• CATATHAI
• African Cats

Production by Region

• North America
• Europe
• Middle East & Africa
• Southeast Asia
• Japan
• China
• Australia

Consumption by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E

Catamaran Market Scope