Catamarans are boats that were primarily used as a means of transport in the days before motor vessels. Catamarans, which were also called sailing catamarans, were first used by the Dutch in the seventeenth century as a means of traveling from island to island in a circular manner. In recent years, catamarans have gained increased popularity as a choice boat type. These days, people commonly choose catamarans for use as sailing boats or as water taxis - they are great for day cruises and provide comfort, luxury, and reliability.
The standard design of a catamaran is a triangular sail with one long side behind the other three. The Catamarans main function is as a means of transportation however, it does have some advantages that make it very popular among sailors. The most prominent advantage of using a catamaran passenger ferry is the fact that it is a lot lighter and more maneuverable than most other boats
Increasing disposable income coupled with the rapid growth in travel & tourism is projected to drive the market growth of Catamarans. According to the World Travel and Tourism Council (WTTC), in 2018, travel and tourism increased its share of leisure spending to 78.5 percent, up from 77.5 percent in 2017. Spending from international tourists also increased to 28.8 percent in 2018, up from 27.3 percent in 2017. Increasing focus on improving the boating structure coupled with the growing interest of people toward sailing, cruising, water sports, and campaigning is further anticipated to augment the market growth of the Catamarans.
North America is expected to gain significant growth over the forecast period and this is attributed to high leisure spending on boating activities. According to the U.S. Travel Association., direct spending on leisure travel by domestic and international travelers totaled $792.4 billion in 2019. International arrivals to the U.S. totaled approximately 79 million in 2019, about half of whom came from overseas.
Key Developments:
In February 2020, Aquila a provider of power catamarans has announced a significant factory expansion and plans to debut new models in 2020.
In September 2019, Volvo Penta's has launched a new electric Saildrive prototype at Cannes Yachting Festival. The electric prototype is based on Fountaine-Pajot's extensive customer usage database, which accurately defines drive cycles.
In October 2020, Maid of the Mist Corp. has launched new-generation Maid of the Mist vessels welded aluminum catamarans equipped with batteries that can produce 400-kilowatts. They power two 563-hp electric motors.
In September 2019, Volvo Penta's has launched a new electric Saildrive prototype at Cannes Yachting Festival. The electric prototype is based on Fountaine-Pajot's extensive customer usage database, which accurately defines drive cycles.
In October 2020, Maid of the Mist Corp. has launched new-generation Maid of the Mist vessels welded aluminum catamarans equipped with batteries that can produce 400-kilowatts. They power two 563-hp electric motors.
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