Uploaded on Sep 23, 2020
Powered Catamaran Industry to generate huge revenue by 2023
Powered Catamaran Industry to generate huge revenue by 2023
Powered Catamaran Industry to generate huge revenue by 2023
Market Overview
A recent development in design such as configuration fills in niche powered vessels, where the speed
and sea kindliness is favored with bulk capacity, has led to introduction of power catamaran. It
incorporates features of a motor yacht and combines it with conventional sailing characteristics of a
multi-hull. These catamarans are designed with low clearance and significantly with better speed and
range than a conventional catamarans. The hulls on the powered catamaran are finer than those of the
conventional catamaran, which provides far less resistance.
Powered catamarans offer several advantages such as low clearance, better speed, and range over a
monohulls. Moreover, as powered catamarans have two hulls, they are more stable than monohulls and
are efficient in terms of energy consumption. Furthermore, in extreme weather conditions, powered
catamaran avoid sail issues as sail itself is either absent and the helm is inside. These catamarans are
installed with advanced engines and comfort features such as spacious, and ease in handling keeping
consumer needs in mind.
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Market Dynamics
Major factors expected to drive growth of the global powered catamaran market are the benefits
offered by these over conventional catamaran. Conventionally, powered catamarans were used for
racing or sports purposes, however, over the past few years these have been manufactured for cruising
application due to technological advancement such as enhanced speed and safety features coupled with
increased stability, which has led to increased adoption of powered catamarans for various applications.
Along with sports and cruising, powered catamarans are also been utilized for other applications such as
passenger transport and military. Advancements in terms of reliability and enhanced speed and stability
such as powerful engines and durable body of the hulls has aided powered catamarans to scale large
distance in shorter time periods and offer enhanced comfort and safety. Moreover, it is light weight and
offers efficient performance. These are the factors driving powered catamaran market growth.
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Major players operating in the global powered catamaran market include Sunreef Yachts , Spirited
Designs, Leopard Catamarans, Lagoon Catamaran, Fountaine Pajot, Matrix Yachts, Voyage Yachts,
TomCat Boats, Robertson and Caine, Gemini Catamarans, WorldCat, Outremer Yachting, Scape Yachts,
Seawind Group Holdings Pty Ltd, Alumarine Shipyard, Pedigree Cat ,Inc., Farrier Marine, Catahai Co. Ltd,
and Alibi Catamarans.
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