According to a new report, published by KBV research, The Global Catamaran Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
The Powered Catamaran segment is anticipated to have a CAGR of 5.9% during (2023 - 2030). Powered catamarans can have extended range and endurance, making them suitable for long-distance cruising, exploration, and commercial transport. This allows these vessels to cover greater distances without compromising efficiency or performance. Powered catamarans exhibit reliability and stability in various sea conditions. The twin-hulled design reduces rolling motion, enhancing the vessels' ability to navigate challenging seas. This reliability is particularly valuable for both commercial and recreational users.
The Below 15m segment is leading the Global Catamaran Market by Size in 2022 thereby, achieving a market value of $1.0 Billion by 2030. Smaller catamarans in the below 15m segment are generally more affordable than their larger counterparts. This affordability makes catamarans accessible to a broader range of individuals, including entry-level buyers, sailing enthusiasts, and small businesses. Many catamarans below 15 meters are designed to be trailerable, allowing owners to transport them easily to different locations. This feature enhances the flexibility and convenience of ownership, appealing to individuals who may wish to explore various sailing destinations.
The Sports segment would witness a CAGR of 6.5% during (2023 - 2030). Catamarans are renowned for providing a comfortable and stable cruising experience. The twin-hulled design minimizes the rolling motion commonly associated with monohulled vessels, offering passengers a smoother and more enjoyable journey. Catamarans in the leisure industry are often privately owned for cruising purposes. Owner’s value the freedom to explore coastal areas, islands, and various cruising grounds at their pace, making catamarans ideal for those prioritizing independent and personalized adventures.
Full Report: https://www.kbvresearch.com/catamaran-market/
The Europe region dominated the Global Catamaran Market by Region in 2022 thereby, achieving a market value of $1.1 Billion by 2030, growing at a CAGR of 4.8 % during the forecast period. The North America region is experiencing a CAGR of 5.1% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 6.4% during (2023 - 2030).
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