Catamarans Market Share, Trend & Growth Forecast to 2028

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Catamarans Market Growth Analysis Regional
Outlook To 2028
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• Industry Insights

• A research study conducted by Global Market
  Insights, Inc., the global catamaran market size
  may exceed as much as USD 6 billion by 2028.
• The catamarans market share could increase
  substantially in the forthcoming years owing to
  the proliferation of the travel and tourism
  sector. This could be attributed to the
  constantly rising disposable incomes, growing
  domestic and outbound tourism, and the increasing
  leisure expenditure on sports and recreational
  activities like water sports, day-sailing,
  chartering, world cruising, fishing, etc.
• Over the years, governments across several
  economies have rolled out numerous initiatives
  and promoted river tourism to aid the development
  of the boating sector. These initiatives have
  encouraged boat and catamaran manufacturers
  globally to integrate the latest technology and
  introduce products like lightweight aluminum foil
  for the manufacturing process to improve the
  stability and speed of the boat.

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• The catamarans industry suffered a significant
  setback due to severe limitations and movement
  restrictions imposed by the local and national
  authorities, leading to a stagnancy across the
  domestic and international tourism sector.
  However, with the increasing support from
  government organizations, accelerating
  vaccination drives, and lifting of lockdown
  restrictions, the industry has recouped its path
  to recovery and may gain significant moment in
  the foreseeable future.
• The tourism and travel industry has undergone
  considerable transformation due to strong
  economic growth, increasing wanderlust, and a
  growing desire to travel and explore the
  outdoors.
• As per the latest IBEF report, the tourism and
  hospitality sector in India is likely to earn
  nearly USD 51 billion as visitor exports compared
  with an estimated USD 28.9 billion in 2018. On
  the other hand, the Indian travel market could
  reach USD 125 billion by 2027 from an assessed
  USD 75 billion in 2020.

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• Regional Analysis

• In a recent turn of events, Odisha Tourism, in an
  effort to add diversity and vibrancy to its
  offerings, decided to launch floating
  restaurants, catamarans, and houseboats in May
  2022 as part of its river tourism schemes. The
  department shed light on its plan to launch a
  50-seater catamaran and 30-seater floating
  restaurant in Cuttack soon and has further taken
  the initiative to refurbish and convert already
  existing four catamarans into luxury houseboats.
  This will operate under a public-private
  partnership and aims to promote river tourism at
  global standards.

• Competitive Analysis

• Robertson Caine
• Fountaine Pajot
• Lagoon
• World Cat
• Catana Group
• Outremer Yachting.

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