Catamaran Market: By Type (Sailing, and Power), By Size (Small, Medium, and Large), By Application (Sport, leisure, and Transport), and  Geography

Catamaran Market size was valued at USD 1,635.7 million in 2023 and is poised to grow at a CAGR of 4.9% from 2024-2030. A catamaran is a multi-hulled boat with equal parallel hulls. It is a geometry-stabilized craft that derives its stability from its massive beam rather than a ballasted keel like a monohull boat. Catamarans are divided into two types: powered catamarans and sailing catamarans. In comparison to a standard monohull, it provides various advantages such as ample space, relaxed comfort, and sailing stability. Catamarans, which are noted for their durability and speed, are the best option. They are also well-liked for their great stability, spacious cabin, and safety. Catamarans were designed originally as fishing boats, but their popularity and significance have expanded in recent years. The rising demand for catamaran charters due to increased marine tourism will have an impact on the global catamaran market revenue. Manufacturers are emphasizing luxury aspects to improve performance and customer experience. Several manufacturers rent out catamarans to our various islands and coastlines, creating a seamless vacation experience with ambitious standards and comfort.

The demand for these vessels has surged in recent years and increased in the global catamaran market size. This can be attributed to a shift in people's lifestyles brought about by growth in high-net-worth individuals, an increase in recreational and leisure activities, and an increase in the trend of marine tourism. Boat makers are manufacturing catamarans that are faster and more energy-saving as design and technology advance. As a result, many monohull owners have transformed into catamaran owners. The private, commercial, and military sectors of catamaran design are rapidly evolving because of innovative technologies. Advanced materials and 3D printing will change catamaran design and construction processes, while new sustainable fuels will help to reduce or even eliminate emissions in the maritime sector. The advanced technologies and designs of the catamaran are driving the global catamaran market.  

Catamaran Market Key Developments:

• On 11^th October 2022, Gotlandsbolaget, a Swedish business, introduced the Gotland Hydrocat concept vessel, which is touted to be the world's first large-scale, high-speed catamaran powered by fossil-free hydrogen.
• On 9^th November 2021, Silent Yacht launched SILENT-60, a 60′ catamaran with 42 solar panels and two electric-propelled motors powered by a 286-kWh battery. While each of Silent Yachts' solar-powered yachts is unique, the SILENT-60 will include a 9-13 square meter kite wing to generate additional clean power to pull the yacht.