Catamarans Market By Application, Growth Potential & Forecast, 2018 – 2024

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Catamarans Market for Sailing volumes to witness
2.7 CAGR over the forecast timeline
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Key Insights from Catamarans Market

• Growing demand for high-performance ships owing
  to increased recreational boating activities such
  as boat racing, sailing, and motorsports are
  propelling catamarans industry growth.
• Rising disposable income has in turn fueled the
  overall spending on luxury, comfort, exploration
  of new routes. Moreover, participation in
  recreational sporting events are expected to
  positively instigate the global catamaran market
  growth.
• Growing popularity of recreational boating
  sector, specifically in North America and Europe,
  increasing numbers of aging boats, economic
  improvement, architectural development, and
  technological advancement are among key factors
  fueling catamarans market share. According U.S.
  National Marine Manufacturers Association,
  France contributed around 60 of the globally
  manufactured catamarans.
• Powered ships offer consistent speeds without the
  requirement of wind in comparison to conventional
  sail models with highly comfortable ride.

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Continued...

• Sailing catamarans market value is projected to
  witness 5.8 CAGR over the forecast timeframe.
  Increasing product demand for water sporting,
  campaigning, and boat racing events owing to high
  speed, improved stability, and ease of its
  maneuverability are among the prominent factors
  fueling the segment growth.
• These are featured to have an average speed of
  300-400 nautical miles per day. Surging adoption
  of high-performance boats in World Cruising
  Events organized by Atlantic Rally for Cruiser
  will fuel product demand due to the restricted
  use of powered boats in the rally.
• South Africa exports over 90 of the nations
  production. Other key manufacturing countries
  include U.S., Sweden, Netherlands, Germany, UK,
  and South East Asian economies. These nations
  have witnessed consistent increase in the
  production units every year with added
  convenience and comfort.

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U.S. Catamarans Market, By Sailing, 2017 2024
(Units)

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Major Companies in Catamarans Market

• Outremer Yachting
• Grup Aresa Internaciona
• Catana Group
• Fountaine Pajot
• Robertson Caine
• Lagoon
• Matrix Yachts
• LOMOcean Design
• Seawind

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Industry Coverage

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Regional Insights in Catamarans Market

• North America catamarans market size is projected
  to generate 3.5 CAGR by volume over the forecast
  period. Surging expenditure on luxury boating
  such as yachts, powered cats, cruisers, and
  others are positively driving industry growth.
  The regional growth is mainly contributed by the
  U.S. demand owing to higher income spending on
  recreational activities specifically in the
  boating sector.
• Europe holds largest share of the global
  catamarans market production industry owing to
  advanced manufacturing infrastructure required
  for world-class product ranges. Moreover, the
  region is attributed with the most experienced
  work force that in turn highly influences the
  inclination of consumers for high end performance
  ships. Owing to this, Europe is expected to
  account for largest share of the overall industry
  over the coming years.

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