Powered Catamaran Market - Global Industry Insights, and Forecast till 2023

Posted June 6, 2019 by sumitpatil

This report provides in-depth analysis of powered catamaran market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2023), considering 2015 as the base year
Powered catamarans offer several advantages such as low clearance, better speed, and range over a monohulls. Moreover, as powered catamarans have two hulls, they are more stable than monohulls and are efficient in terms of energy consumption. Furthermore, in extreme weather conditions, powered catamaran avoid sail issues as sail itself is either absent and the helm is inside. These catamarans are installed with advanced engines and comfort features such as spacious, and ease in handling keeping consumer needs in mind.
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Market Dynamics
Increasing demand for light weight and spacious powered catamaran is expected to be a key trend in the market. The new generation of catamarans, use modern composite construction and engineering to build lighter, larger, and more spacious with good power-to-weight characteristics. Currently, larger catamarans are preferred. The average catamaran used for cruising tends to be more in the 45ft to 50ft range. With composite engineering and installation of technologically advanced equipment such as electric winches, furling systems, and reliable auto pilot, it is now possible to reduce crews to sail larger boats with larger rigs. Modern catamarans are bigger volume with more stiff and torsion resistant construction, without compromising stability and safety. These are expected to be major factors for growth of the market over the forecast period.
A recent development in design such as configuration fills in niche powered vessels, where the speed and sea kindliness is favored with bulk capacity, has led to introduction of power catamaran. It incorporates features of a motor yacht and combines it with conventional sailing characteristics of a multi-hull. These catamarans are designed with low clearance and significantly with better speed and range than a conventional catamarans. The hulls on the powered catamaran are finer than those of the conventional catamaran, which provides far less resistance.
Powered Catamaran Market Driving Factors
Major factors expected to drive growth of the global powered catamaran market are the benefits offered by these over conventional catamaran. Conventionally, powered catamarans were used for racing or sports purposes, however, over the past few years these have been manufactured for cruising application due to technological advancement such as enhanced speed and safety features coupled with increased stability, which has led to increased adoption of powered catamarans for various applications. Along with sports and cruising, powered catamarans are also been utilized for other applications such as passenger transport and military. Advancements in terms of reliability and enhanced speed and stability such as powerful engines and durable body of the hulls has aided powered catamarans to scale large distance in shorter time periods and offer enhanced comfort and safety. Moreover, it is light weight and offers efficient performance. These are the factors driving powered catamaran market growth.

Key companies
Major players operating in the global powered catamaran market include Sunreef Yachts , Spirited Designs, Leopard Catamarans, Lagoon Catamaran, Fountaine Pajot, Matrix Yachts, Voyage Yachts, TomCat Boats, Robertson and Caine, Gemini Catamarans, WorldCat, Outremer Yachting, Scape Yachts, Seawind Group Holdings Pty Ltd, Alumarine Shipyard, Pedigree Cat ,Inc., Farrier Marine, Catahai Co. Ltd, and Alibi Catamarans.
Detailed Segmentation:
• Global Powered Catamaran Market, By Application:
◦ Cruising
◦ Passenger Transport
◦ Military
◦ Others

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Issued By Coherent Market Insights
Country India
Categories Technology
Last Updated June 6, 2019