The powered catamaran market was valued at US$ 63.7 million in 2016 and is projected to reach US$ 849.3 million by 2023, exhibiting a CAGR of 3.7% during the forecast period, according to Powered Catamaran Market Report, by Application (Cruising, Passenger Transport, Military, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
In terms of volume, global powered catamaran market was pegged at 536 units in 2016 and is expected to increase to 789 units by 2023, registering a CAGR of 5.7% during the forecast period. Power catamarans offer more advantages than conventional catamarans including more space for a given length, more speed with less expensive engines, and less fuel consumption. High-performance cruising catamarans typically have efficient daggerboards or centerboards, deeper rudders, less windage, and less displacement. These can go to windward at a 45-50 degree TWA in nearly all conditions. In powered vessels, speed and sea-kindliness is favored over bulk capacity. In larger vessels, this niche favors car ferries and military vessels for patrol or operation in the littoral zone. Two advancement over the conventional catamaran are the small-waterplane-area twin hull (SWATH) and the wave-piercing configuration, the latter having become a widely favored design.
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