POWERED CATAMARAN MARKET ANALYSIS

Powered Catamaran MarketSize and Trends

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.