Powered Catamaran Market Outlook by Product Overview, Application and Regions 2026
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.
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1526
Powered Catamaran Market
Driving Factors
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.
Powered Catamaran Market
Restraint
Major factor expected to
restraint growth of the powered catamaran market is stringent environment
protection regulations. Stringent government regulation regarding oil and fuel
discharge and other harmful chemicals and toxins is among the major factor
expected to hinder the global market growth during the forecast period. For
instance, according to Federal Refuse Act, the discharge of fuel, oil, oily
wastes, and hazardous substances is completely prohibited into the waters of
the U.S. or the waters of the contiguous zone. In addition to this, under state
law F&GC 5650 prohibits discharges of petroleum and other substances
harmful to fish, plants, mammals, and birds.
Powered Catamaran Market
Competition Structure
High investment is a major
barrier for growth of the industry. A substantial number of powered catamaran
manufacturers seem to face cash flow problems and have difficulties financing
their business. In this business model, companies need to purchase components
and assemble their crafts, before it can be sold as an end product. Hence,
manufacturer needs to invest high amount initially for the production.
Moreover, volatile demand for these powered catamaran is expected to hamper
sale as well as production of these powered catamarans.
Additionally, lack of
harmonized registration system is a problem for growth of the market. For
example, the U.K. and Germany have a clear national registration system, while
the Netherlands lacks such a national system. Owing to this reason, it is difficult
to understand the number of boats present in a country, and pay taxes or VAT.
North America Market
Accounted for the Largest Share in 2016
On the basis of region,
the global powered catamaran market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. The market in North
America is expected to exhibit the highest CAGR during the forecast period.
This growth is attributed to high adoption of powered catamaran in developed
economies such as the U.S. and Canada. These two countries are expected to
exhibit high demand for powered catamarans over the forecast period. This
growth is attributed to presence of established manufacturers such as Leopard
Catamarans in this region. Furthermore, various international shows conducted
in this region could also aid in growth of the market. For instance, Seawind
Catamarans (Australia-based) launched Seawind 1260 catamaran at the Miami
International Boat Show, in February 2018. According to North American Sailing
Industry Study, 2015 multihulls represented 20% of overall domestic production
in 2015 that means one in five sail boats built in North America was a
multihull. According to the same study, multihulls unit production increased by
3% in 2015 over 2014.
Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1526
Key companies
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.
Comments
Post a Comment