Global Catamaran Market Overview:
Catamaran is a multi-hulled watercraft which consists of two parallel hulls of equal sized that designed and constructed to offers outstanding performance at sea. Catamaran market is expected to mark significant growth over forecasted period owing to increasing travelling and tourisms activities, adoption of sailings, water sports and campaigning, recreational activities and technological advancement. There has been significant rise in number of people preferring travel and tourism activities with figure stood up to 8.3 trillion in global alone in 2017, so the future for Catamaran looks promising. This result in rising popularity of advanced multihull cruises with enhanced speed and escalating need for balanced structure and better safety may trigger demand and help in industry expansion. According to AMA, the Global Catamaran market is expected to see growth rate of 6.3% and may see market size of USD2486.5 Million by 2024.
- Rising Demands of Engine Powered Boats Boost the Catamaran Market.
- Rapid Demand Due to Requirement of Luxurious and Leisure Applications Fuelled up the Catamaran Market.
- Rising popularity in military operations and transportation.
- Increasing spending in boating activities.
- High Cost of Maintenance Associated with Catamaran Market
- Substitutes Available for Catamaran
- Technology Advancements in Cruises Leads to Grow the Catamaran Market.
- Upsurge Demand of Catamarans in Sports Competition.
- Limitation on the Government Regulations are Anticipated to Challenge the Market.
Some of the key players profiled in the report are Sunreef Yachts (Hong Kong), Lagoon Catamaran (United Kingdom), Fountaine Pajot Catamarans (France), Matrix Yachts (South Africa), Voyage (United States), Alibi (Australia), Robertson and Caine (India), Gemini Catamarans (United States), World Cat (United States) and Outremer Yachting (France). Additionally, following companies can also be profiled that are part of our coverage like Scape Yachts (South Africa), Seawind Caramarans (Australia), Pedigree Cats Catamaran (United States), Defline (United States) and Farrier Marine(New Zealand). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Catamaran market by 2024.
In February 2019, Vaan Yachts launched a first-ever model which is beneficial in providing catamaran that made of circular materials including recycled aluminium and cork. It also offers an innovative designed R4 premium yacht that optimally combines comfort with a spectacular sailing experience.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Catamaran market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Catamaran market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Catamaran Manufacturers, Catamaran Traders, End-Use Market Participants of Different Segments of Catamaran, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.