Powered Catamaran Industry to generate huge revenue by 2023

Posted September 23, 2020 by rohit890

A recent development in design such as configuration fills in niche powered vessels, where the speed and sea kindliness is favored with bulk capacity,

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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Issued By coherent market insights
Country India
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Last Updated September 23, 2020