Catamarans Market Analysis

Catamarans Market Analysis

The Europe sailing catamarans market held more than 35% of the revenue share in 2021. Sailing catamarans are majorly used to spend quality time with friends & family, with the sailing speeds at 15-30 knots. Rising demand for these boats with similar mono-hull lengths and around 40%– 50% greater traveling speeds will create a positive industry outlook. Growing popularity of sailing sports events, such as Atlantic Rally and America’s Cup for Cruisers, has led to increased market demand.
 

The 15 to 30 meters segment acquired the largest market share in 2021. The rising usage of 15 to 30 meters catamarans for corporate parties and the growing integration of advanced safety features OEMs is supporting the industry statistics. Various companies such as Lagoon, KNYSNA YACHT COMPANY (PTY) LTD, NAUTITECH CATAMARANS and Seawind Group Holdings, Pty Ltd. are unveiling their new products in this segment to enhance brand value as well as customer base.
 

North America catamarans market size valued at USD 1.5 billion in 2021, with about 1,500 new catamarans sold. Increasing consumer spending on outdoor recreational activities is fueling the market revenue. Consumers in the region are making large investments in outdoor recreational activities such as fishing, cruising, and boating.
 

The emergence of several watersports’ activities including kayaking, rafting, and canoeing is creating a huge demand for recreational boating across the region. As per the Outdoor Industry Association 2020, the outdoor recreation economy accounted for USD 887 billion in annual consumer spending, contributing 7.6 million jobs to the U.S. economy and generating USD 125 billion in federal, state, and local tax revenues each year, thereby boosting the market size.