Catamarans Market- Global Industry Insights, and Forecast till 2023 with Highest Revenue Growth of US$ 1.54 Billion

 

Catamarans Market

Multi-hulled catamarans are regarded as high-end cruising yachts. Traditionally, catamarans were built for racing or competitive sports, but in recent years, cruising catamarans have also been produced. Catamarans are employed for a variety of different purposes, such as passenger transportation and military activities, in addition to sports and cruising. Compared to other marine alternatives like boats, yachts, and monohulls, catamaran offers a number of benefits, including improved stability, speed, and manoeuvrability. As a result, Global Catamarans Market are increasingly being used for recreational and sporting activities. Catamarans typically travel at a speed of 300 nautical miles (560 km) per day, though this can increase to 400 nautical miles during athletic events.

According to Coherent Market Insights’ analysis, North America is expected to exhibit a CAGR of 4.2% to reach US$ 557.8 Mn by 2023 from US$ 417.4 million in 2016.

Catamarans are being used more frequently for a variety of applications as a result of technological developments in cruises, such as higher speed and safety features along with increased stability. Although it is becoming more and more popular in luxury and leisure applications, it is also becoming more and more common in transportation and military activities. Catamarans have made improvements in terms of dependability, increased speed, and stability, such as strong engines and sturdy hull bodies, which have helped them cover long distances in less amounts of time while providing improved comfort and safety. As racing events gain popularity, additional improvements in catamarans are required for increased speed and durability as well as space and luxuries features.

The Global Catamarans Market size for non-invasive glucose monitoring devices is anticipated to grow significantly between 2022 and 2028. The market forecast will be driven in the next years by rising healthcare spending, rising need for regular and remote patient monitoring, and rising health awareness among the general population.

Over the course of the analysis timeframe, industry growth is projected to be aided by the prevalence of lifestyle disorders like diabetes brought on by poor dietary practises and evolving lifestyles. According to a projection from the International Diabetes Federation published in 2021, 643 million persons worldwide are expected to have diabetes by the year 2030.

Some of the key players in the global catamaran market include Sunreef Yachts, Spirited Designs, Lagoon Catamaran, Fountaine Pajot, Matrix Yachts, Voyage Yachts, TomCat Boats, Robertson and Caine, and Gemini Catamarans.

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