Catamarans Market Report 2025

The catamarans market size has grown strongly in recent years. It will grow from $1.51 billion in 2024 to $1.6 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to leisure and recreational boating, cruising and chartering trends, competitive sailing and racing, luxury yachting and marine tourism, multihull advantages.

The catamarans market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing interest in sustainable boating, innovations in design and materials, emerging niche markets, increased affordability and accessibility, and rising marine tourism in emerging regions. Major trends in the forecast period include racing catamarans and competitive sailing, charter and rental services, advances in navigation and control systems, compact and trailerable catamarans, global market expansion.

The rise in cruising is fueling the growth of the catamaran market. Cruising involves traveling on a ship or boat, usually for leisure or vacation, with stops at various ports or destinations. Choosing a catamaran for cruising has become a popular option as it combines the freedom of sailing with the comfort and amenities of a traditional cruise ship. Catamarans are increasingly utilized for cruising, so the growth in this activity will boost the market. For example, in July 2023, the Department for Transport, a UK government agency, reported that the number of cruise passengers surged to 2 million in 2022, a significant increase from just 181,000 in 2021. Thus, the uptick in cruising is driving demand in the catamaran market.

The rise in water sports activities is anticipated to drive the growth of the catamaran market in the future. Water sports encompass a variety of recreational activities conducted on or in water bodies and can be classified based on the participants' level of immersion. Catamarans enhance water sports experiences, offering enthusiasts a sensational and relaxing environment. They provide opportunities for sunbathing, swimming, snorkeling, kayaking, stand-up paddleboarding, and other aquatic activities. For example, in May 2023, the Watersports Participation Survey conducted by the Royal Yachting Association, a UK-based governing body for various boating forms, revealed that 13.2 million adults in the UK participated in boating activities in 2022. Stand-up paddleboarding experienced notable growth, with an increase of 536,000 participants. Over 10 million people engaged in boating activities at least once or twice throughout the year. Thus, the increasing popularity of water sports is fueling the growth of the catamaran market.

Product innovation emerges as a key trend driving growth in the catamaran market, with major players focusing on developing new technologies and solutions to enhance environmental sustainability and efficiency. For instance, in March 2023, Alva Yachts GMBH, a German-based electric luxury yacht brand specializing in solar-driven catamarans, launched the Ocean Eco 78. This 23.7-meter multihull yacht features electric propulsion and a transatlantic range. Its expansive roof integrates solar panels, providing a transatlantic range and virtually unlimited autonomy. With solar cells generating up to 26 kW and a battery bank capacity of up to 490 kWh, this innovation showcases the industry's commitment to reducing environmental impact and advancing technological capabilities in the catamaran market.

Major companies in the catamaran market are strategically focusing on the introduction of next-generation products, particularly eco-friendly catamarans, to establish a competitive advantage. Eco-friendly catamarans are specifically designed with a strong emphasis on sustainability and minimizing environmental impact. An example of this commitment is demonstrated by The Italian Sea Group, an Italy-based company in the yachting industry. In September 2023, they launched the S/Y Art Explorer, marking the first sailing catamaran in the Perini Navi fleet, an Italian yacht manufacturer. The Art Explorer project reflects a two-year initiative dedicated to environmental awareness and creative experiences worldwide. Notably, the catamaran features an all-carbon sail plan with a 55-meter mast and incorporates 65 square meters of solar panels on the deckhouse roof. These solar panels boast a 12-kW peak power output and can store over 200 kW of energy daily. The integration of a lithium battery bank ensures continuous power, allowing the catamaran to operate at full capacity for over six hours with zero emissions.

In May 2023, Nimbus Group, a Swedish boat manufacturer, made a strategic move by acquiring Edge Water Powerboats for $9.5 million. This acquisition enables Nimbus Group to expand its footprint in the US market and diversify its product offerings for customers. Edge Water Powerboats, a US-based manufacturer specializing in outboard-powered center console saltwater boats, including catamarans, adds to Nimbus Group's product portfolio and enhances production capacity in the US. This strategic acquisition aligns with Nimbus Group's growth objectives and strengthens its position in the competitive catamaran market.

Major companies operating in the catamarans market include African Cats B V, Voyage Yachts Ltd., Bavaria Yachtbau GmbH, Catana Group SA, Seawind Group Holdings Pty Ltd., Outremer Catamarans, Fountaine Pajot SA, LeisureCat & AussieCat, Robertson & Caine Ltd., Matrix Yachts Ltd., Catathai Co. Ltd., Lagoon Catamarans, Incat Crowther Pty Ltd., Craig Loomes Design Group ltd., Aresa Shipyard SL, Leopard Catamarans, Beneteau SA, Nautitech Catamaran, Privilege Catamarans, Antares Catamarans, Gemini Catamarans, Kinetic Catamarans, Aquila Inc., Baraca Planet S.L., Pedigree Cats Inc., Scape Yachts, The Matrix, Travelopia Group, Nichols Brothers Boat Builders LLC, Corinthian Yachts Inc., World Cat Ltd., Alumarine Shipyard, iXblue SAS.

Europe was the largest region in the Catamarans market in 2024. The regions covered in the catamarans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the catamarans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A catamaran is a vessel characterized by two parallel hulls linked by a deck or bridge, offering exceptional stability and speed while navigating waterways. These boats find primary use in sports and recreational activities.

The main categories of catamarans are sailing catamarans and powered catamarans. Sailing catamarans are sailboats featuring two hulls parallel to each other, connected by a deck. They come in various sizes categorized as small (below 15 meters), medium (15 meters to 30 meters), and large (above 30 meters), serving purposes such as leisure activities, commercial use, defense applications, and other miscellaneous uses.

The catamarans market research report is one of a series of new reports that provides catamarans market statistics, including catamarans industry global market size, regional shares, competitors with a catamarans market share, detailed catamarans market segments, market trends and opportunities, and any further data you may need to thrive in the catamarans industry. This catamarans market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The catamaran market consists of sales of pontoon and small waterplane area twin hull. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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