Catamarans are multi-hulled boats and are considered as luxury cruising yachts. Catamarans were used for racing or sports purposes, however, over the past few years, these have been manufactured for cruising as well. Along with sports and cruising, catamarans are also used for various other ap-plications such as passenger transport and military operations. Catamarans offer multiple advantages such as enhanced stability, speed, and maneuverability over other marine alternatives such as boats, yachts, and monohulls. This has led to high adoption of catamarans for various applications including sports and recreational purposes. The average speed of catamarans is 300 nautical miles (560 km) per day, which can be as much as 400 nautical miles for sporting events.

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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.

Technological advancements in cruises such as enhanced speed and safety features coupled with increased stability have led to increased adoption of catamarans for various application. It is in-creasingly being used for luxury and leisure application, however, it is also gaining popularity in military operations and transportation as well. Advancements in terms of reliability and enhanced speed and stability such as powerful engines and durable body of the hulls has aided catamarans to scale large distance in shorter time periods and offer enhanced comfort and safety. The racing events are gaining traction and are demanding advanced features in catamarans for enhanced speed and durability along with space and luxury features.

Catamaran or multihulls are popular for cruising, relaxing, and has features to provide maximum comfort, see over cabin tops, wide space, and bridge deck clearance and several other performance based advantages in relation to power and speed catamaran. Cruising catamarans such as Cat 38 of-fered by Maine Cat Catamaran, Saona 47 offered by Fountaine Pajot, and HH-55 offered by HH catamarans are all high performance, comfortable, and easy-to-handle cruising catamarans. Also, events such as World Cruising Events organized by Atlantic Rally, is also another factor expected to aid in growth of the market over the forecast period.

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Moreover, catamarans have added expense for having two engines and two rudders, which is are factors negatively affecting growth of the market. Catamaran are especially popular for sports in North America, Europe, and certain parts of Asia Pacific region such as Australia. A variety of sail-ing catamarans and foiling catamarans have been used in Olympic sailing competitions.

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