DUBLIN--(BUSINESS WIRE )--The "Catamaran Market Size, Share & Trends Analysis Report by Product (Sailing Catamarans, Power Catamarans), by Size (Small, Medium, Large), by Application (Sport, Leisure, Transport), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global catamaran market size is expected to reach USD 2.23 billion by 2030, according to this report. The market is anticipated to expand at a CAGR of 5.8% from 2022 to 2030. The increase in leisure tourism and racing events and the increasing disposable income of people across the globe are some of the key factors driving the growth of the catamaran industry.
A catamaran has a single deck that holds together two parallel hulls. It has more significant internal space than a monohull because of its two-hull structure, which means that the cockpit and living room between the two hulls have ample space. The catamaran is significant while traveling from one distant location to another. Because of increased maritime tourism and people's preference for opulent vacations, the business is expanding at a rapid pace.
A catamaran is mainly famous among High-Net-Worth Individuals (HNWI) who prefer leisure travel and have enough money to spend on those travels. One of the main reasons why catamarans are so popular these days is because of their size and stability. The space between the two hulls of a catamaran tends to have more room for the catamaran, both below and above decks. Some of the benefits of using a catamaran:
A catamaran of the same size as a monohull is more expensive. Once a boat is purchased, there are extra running and maintenance fees (i.e., cost of ownership). For example, after the purchase, the individual will have to pay more for a more significant and comprehensive marina slip, and fuel expenses quickly build up because a catamaran has two engines.
Another frequently claimed disadvantage of catamaran cruising is that these sorts of boats cannot "self-right" themselves in the improbable event of capsizing. Monohull sailboats are built to "right" themselves if they go flipped in high-volume waves during a storm. Catamarans, by definition, cannot accomplish this.
Boat makers are manufacturing catamarans that are faster and more fuel-efficient as design and technology advance. As a result, many loyal monohull owners have converted to catamaran ownership. In November 2021, Servo Yachts LLC debuted The Martini 7.0, a 165-foot catamaran boat with revolutionary technology that treats seasickness in guests.
Chapter 3. Market Variables, Trends, & Scope Outlook
Chapter 4. Catamaran Market Product Outlook
Chapter 5. Catamaran Market Size Outlook
Chapter 6. Catamaran Market Application Outlook
Chapter 7. Catamaran Market: Regional Estimates & Trend Analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900