#Catamaran Market growth

[poojascmi]

Exploring New Horizons: Emerging Opportunities in the Catamaran Market during the Forecast Period 2018-2023

The Catamaran Market is experiencing a period of significant growth and diversification, presenting exciting opportunities for stakeholders and entrepreneurs in the maritime industry. As consumers seek unique and immersive travel experiences, catamarans have gained popularity for their versatility, stability, and comfort on the water. This report delves into the emerging opportunities in the Catamaran Market, ranging from innovative design concepts to exploring new markets and customer segments.

Sustainable Catamaran Designs: With growing environmental consciousness, there is an increasing demand for sustainable and eco-friendly catamarans. Manufacturers are exploring alternative materials, such as recycled composites and renewable energy sources, to create greener vessels that minimize their ecological footprint.

Electric and Hybrid Catamarans: The advancement of electric propulsion technology has opened up new possibilities for electric and hybrid catamarans. These vessels offer reduced emissions and quieter operation, making them ideal for eco-tourism and environmentally sensitive destinations.

Adventure Tourism and Expedition Cruises: Catamarans are well-suited for adventure tourism and expedition cruises, allowing travelers to explore remote and rugged destinations with ease. Companies are tapping into this market by offering specialized itineraries that focus on wildlife encounters, cultural immersion, and off-the-beaten-path experiences.

Small and Customized Catamarans: There is a rising demand for small and customized catamarans that cater to niche markets. These vessels can serve as private yachts, research platforms, or specialized charter options, appealing to clients with specific needs and preferences.

Catamarans for Charter and Fractional Ownership: Fractional ownership and charter programs are becoming popular options for individuals who want to enjoy catamaran experiences without the full financial commitment of owning a vessel. Companies are offering fractional ownership models and catamaran charter services to cater to this growing demand.

Digitalization and Connectivity: The integration of advanced technology in catamaran design enhances the onboard experience for passengers. Companies are incorporating digitalization and connectivity features, such as smart navigation systems, entertainment hubs, and high-speed internet, to meet the expectations of tech-savvy travelers.

Luxury Catamaran Charter Market: The luxury catamaran charter market is expanding as more affluent travelers seek exclusive and private sailing experiences. Companies are investing in top-of-the-line luxury catamarans equipped with premium amenities and personalized services to attract high-end clientele.

Catamarans for Coastal and Island Transport: Catamarans are ideal for coastal and island transport due to their shallow draft and maneuverability. They are being utilized as water taxis, ferry services, and inter-island transport, addressing transportation needs in regions with extensive coastlines and island clusters.

Catamarans for Research and Exploration: Catamarans offer stability and ample deck space, making them suitable platforms for marine research, exploration, and conservation efforts. Companies are collaborating with research institutions and NGOs to provide catamarans equipped with scientific instruments and laboratories for marine studies.

Emerging Markets and Geographical Expansion: The Catamaran Market is witnessing growth in emerging markets, particularly in Asia-Pacific and South America. Manufacturers and charter companies are expanding their operations and services to tap into the potential of these regions.

In conclusion, the Catamaran Market is teeming with emerging opportunities that cater to diverse customer preferences and market demands. Sustainable designs, electric propulsion, adventure tourism, and customized offerings are some of the key drivers shaping the future of the catamaran industry.

[priyanshisingh]

Surface Water Sports Equipment Market Analysis: Global Industry Trends and Forecast (2023-2032)

The Surface Water Sports Equipment Market is projected to grow from USD 35,396.3 million in 2024 to USD 64,360.37 million by 2032, with a compound annual growth rate (CAGR) of 7.76%.

Surface water sports equipment encompasses a wide range of gear and accessories designed for activities performed on the surface of water bodies, such as lakes, rivers, and oceans. This category includes equipment for sports like surfing, paddleboarding, kayaking, windsurfing, and wakeboarding. Surfboards, paddleboards, kayaks, and windsurfing rigs are some of the primary items, each tailored to specific sports that require unique design features for optimal performance. The market for surface water sports equipment is driven by growing interest in outdoor recreational activities, increased awareness of health and fitness, and the desire for adventure and experiences in natural settings. Technological advancements in materials, such as lightweight composites and durable polymers, have enhanced the performance, durability, and safety of these products.

Additionally, the trend towards eco-friendly and sustainable materials is gaining traction, with manufacturers offering equipment made from recycled or biodegradable materials. Innovations such as inflatable paddleboards and foldable kayaks are also expanding accessibility by making it easier to transport and store equipment. Furthermore, the rising popularity of water sports tourism and the growth of water sports communities and competitions are fueling market expansion.

Surface Water Sports Equipment Uses-

Surfing:

Surfboards: Used to ride ocean waves, surfboards come in various shapes and sizes, including longboards, shortboards, and funboards, each designed for different wave conditions and skill levels.

Bodyboards: Short, flexible boards used for riding waves while lying down, popular among beginners and younger enthusiasts.

Paddleboarding:

Stand-Up Paddleboards (SUPs): Used for standing and paddling on various water bodies, SUPs are versatile for activities like touring, racing, yoga, and fishing.

Inflatable SUPs: Offer convenience for transportation and storage, suitable for recreational paddling and travel.

Kayaking:

Recreational Kayaks: Designed for casual paddling on calm waters, these kayaks are stable and easy to maneuver.

Whitewater Kayaks: Built for navigating rapids and rough waters, featuring enhanced durability and maneuverability.

Sea Kayaks: Long and narrow kayaks designed for open water and coastal paddling, offering speed and storage for long trips.

Windsurfing:

Windsurfing Boards: Boards equipped with a sail, used to glide across the water with wind power, combining elements of surfing and sailing.

Sails and Rigs: Various sizes of sails and rigging systems to adapt to different wind conditions and skill levels.

Wakeboarding and Water Skiing:

Wakeboards: Boards used for being towed behind a boat, allowing riders to perform jumps and tricks on the wake created by the boat.

Water Skis: Skis used for gliding on the water’s surface while being towed by a boat, available in single or double ski formats for different skill levels.

Canoeing:

Canoes: Open-top boats paddled with single-bladed paddles, suitable for calm waters, rivers, and lake expeditions.

Inflatable Canoes: Portable and easy-to-store options for recreational paddling and travel.

Kitesurfing:

Kiteboards: Boards used in conjunction with a large controllable kite, allowing riders to harness wind power for propulsion and perform aerial maneuvers.

Kites and Control Bars: Equipment used to control the kite, available in various sizes to match different wind conditions and rider preferences.

Sailing:

Dinghies and Small Sailboats: Used for recreational sailing, racing, and training, offering hands-on experience with wind and water navigation.

Catamarans: Multi-hull boats providing stability and speed, popular for both recreational and competitive sailing.

Fishing:

Fishing Kayaks and SUPs: Specialized kayaks and paddleboards equipped with rod holders, storage compartments, and other features for fishing on water bodies.

Fishing Canoes: Stable and spacious canoes designed for anglers, providing ample room for fishing gear and movement.

Water Safety and Training:

Rescue Boards and Kayaks: Equipment used by lifeguards and rescue teams for efficient water rescues and safety operations.

Training Equipment: Boards and kayaks used in instructional settings to teach water sports skills and safety practices to beginners and enthusiasts.

Key Player Analysis

Paddle Surf

AIRE

Naish International

Rave Sports

O’Brien, BIC Sports

Aqua Marine

Belassi

BomBoard

Starboard

Solstice Sports

Surftech

Johnson Outdoors

More About Report- https://www.credenceresearch.com/report/surface-water-sports-equipment-market

Surface Water Sports Equipment Market Opportunities-

Technological Advancements:

Innovative Materials: Development of lightweight, durable, and eco-friendly materials can enhance performance and appeal to environmentally conscious consumers.

Smart Equipment: Integration of technology, such as GPS, fitness tracking, and connectivity features, into water sports equipment to attract tech-savvy consumers.

Sustainability Trends:

Eco-Friendly Products: Increasing demand for sustainable and biodegradable equipment presents opportunities for brands to develop and market environmentally friendly products.

Recycling Programs: Implementing take-back and recycling programs can attract eco-conscious customers and build brand loyalty.

Growing Popularity of Water Sports:

Rising Interest: The growing interest in water sports for fitness, leisure, and adventure presents a significant market opportunity.

Youth Engagement: Targeting younger demographics through school programs, camps, and youth-focused marketing campaigns can help cultivate long-term consumer bases.

Expansion in Emerging Markets:

Geographic Growth: Expanding into emerging markets in Asia, Latin America, and Africa, where rising incomes and increased tourism are driving interest in water sports.

Local Partnerships: Forming partnerships with local distributors, tourism operators, and sports clubs to establish a strong market presence.

Customization and Personalization:

Tailored Products: Offering customizable equipment to meet specific preferences and needs of individual consumers can differentiate brands in a competitive market.

Personalized Experiences: Providing personalized services, such as bespoke fitting and design consultations, can enhance customer satisfaction and loyalty.

Adventure and Travel Tourism:

Tourism Integration: Collaborating with travel and adventure tourism companies to offer water sports equipment as part of travel packages and experiences.

Resort Partnerships: Partnering with resorts and coastal destinations to provide rental and purchase options for tourists, capitalizing on the growing trend of experience-based travel.

Rental and Sharing Economy:

Rental Services: Establishing rental services for water sports equipment can cater to tourists and occasional users who prefer not to purchase their own gear.

Subscription Models: Implementing subscription-based models for equipment access can provide a steady revenue stream and appeal to consumers seeking flexibility.

Health and Fitness Trends:

Fitness Integration: Marketing water sports as a fun and effective way to stay fit can attract health-conscious consumers looking for alternative fitness activities.

Wellness Programs: Developing wellness programs that incorporate water sports, such as paddleboard yoga or kayaking retreats, can tap into the growing wellness market.

Competitive Sports and Events:

Sponsorship Opportunities: Sponsoring water sports events, competitions, and athletes to increase brand visibility and credibility.

Event Partnerships: Partnering with event organizers to provide equipment and promote products during high-profile water sports competitions.

E-commerce and Digital Marketing:

Online Sales Channels: Expanding online sales channels to reach a broader audience, offering convenience and accessibility to consumers.

Digital Engagement: Utilizing digital marketing strategies, including social media, influencer partnerships, and content marketing, to engage with consumers and build brand awareness.

Education and Training:

Training Programs: Offering training programs and certification courses for various water sports can drive equipment sales and foster community engagement.

Safety Initiatives: Promoting water safety through educational campaigns and partnerships with safety organizations to build trust and credibility.

Product Diversification:

New Product Lines: Expanding product lines to include accessories, apparel, and complementary gear can provide additional revenue streams.

Multi-Functional Equipment: Developing multi-functional and versatile equipment that can be used across different water sports can appeal to a wider audience.

Segments:

Based on Product Type:

Paddle Sports Equipment

Ski Sports Equipment

Board Sports Equipment

Based on Consumer Orientation:

Kids

Adults

Based on Sales Channel:

Wholesalers/Distributors

Hypermarkets/Supermarkets

Exclusive Stores

Multi-brand Stores

Franchise Sports Chain Outlets

Independent Sports Outlets

Online Retailers

Based on End User:

Beginner

Intermediate

Professional

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[themarketupdate]

Catamaran Market Expecting the Unexpected future in 2030; SWOT analysis, investment feasibility analysis

Catamaran is a multi-hulled watercraft which consists of two parallel hulls of equal sized that designed and constructed to offers outstanding performance at sea. Catamaran market is expected to mark significant growth over forecasted period owing to increasing travelling and tourisms activities, adoption of sailings, water sports and campaigning, recreational activities and technological advancement. There has been significant rise in number of people preferring travel and tourism activities with figure stood up to 8.3 trillion in global alone in 2017, so the future for Catamaran looks promising. This result in rising popularity of advanced multihull cruises with enhanced speed and escalating need for balanced structure and better safety may trigger demand and help in industry expansion.

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Latest released the research study on Global Catamaran Market, offers a detailed overview of the factors influencing the global business scope. Catamaran Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Catamaran The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Sunreef Yachts (Hong Kong), Lagoon Catamaran (United Kingdom), Fountaine Pajot Catamarans (France), Matrix Yachts (South Africa), Voyage (United States), Alibi (Australia), Robertson and Caine (India), Gemini Catamarans (United States), World Cat (United States), Outremer Yachting (France),

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Southeast Asia.

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[bizworldinsights]

Catamaran 

The Catamaran market, valued at US$ 1,310 million in 2019, is projected to witness a robust CAGR of 3.8% during the forecast period. Catamarans, known for their twin-hulled design providing swiftness, stability, and agility, have evolved beyond traditional sailboats. In the contemporary era, they are extensively used for recreational, sports, luxury, and coastal surveillance purposes, also known as SWATH (Small Waterplane Area Twin Hull). The industry is poised to create an incremental opportunity of US$ 542.4 million over the next decade.

To read more about the topic please visit site: https://bekryl.com/industry-trends/catamaran-market-share-analysis

Key Trends and Factors Driving the Global Catamaran Market Revenue

Introduction of Electric Catamarans: The industry is witnessing a shift towards sustainable growth, aligning with the trend seen in the automotive sector's move from conventional to electric-based mobility. Notably, in May 2019, Hurtigruten partnered with Brim Explorer to introduce a battery-powered catamaran capable of operating for 10 hours at a cruising speed of 10 knots on fully charged batteries. Expectations are high for similar trends during the forecast period.

Catamarans as Cruising Ships: Manufacturers are developing larger catamarans capable of handling higher load capacity, particularly designed for medium-range cruisers. This segment has gained popularity among consumers, leading to an upward trajectory in catamaran sales for cruising purposes over the past three years.

Macroeconomic Factors: Global sales of catamarans will be influenced by macroeconomic factors such as higher per capita income, increased river sports activity, and infrastructure upgrades. Technological advancements, including the use of lightweight materials like aluminum products, contribute to market growth.

Global Catamaran Market Size and Forecast: Regional Analysis

North America: Accounting for 41% of global sales in 2018, North America boasts well-developed coastal infrastructure, driving demand across various segments, from cruise operators to personal sailing and military surveillance. The region's consumers have a high replacement rate preference for modern design and value-added features. Over 280 active catamarans are in use by the U.S. Navy.

Western Europe: Following North America, Western Europe is a significant market for catamarans, with river sports being highly popular. Key countries such as France, Italy, and the UK exhibit the highest sales of catamarans. The region recorded the highest recreational spending in 2018, driven by favorable sailing conditions, higher per capita income, and inter-country sports activities. Western Europe not only dominates global sales but is also a manufacturing hub.

Global Catamaran Market Size and Forecast: Competition Landscape

The industry is characterized by the presence of a few key players, with a focus on launching customized and modern catamarans featuring higher load capacity. Key players in the Catamaran market include:

Robertson & Caine

World Cat

LeisureCat

Incat Crowther

Outremer Yachting

Lagoon

LOMOcean Design

Fountaine Pajot

Catana Group

iXblue H2X Division

Voyage

Alumarine Shipyard

Seawind

Industry Segmentation

By Vehicle Type:

Powered Catamaran

Sailing Catamaran

By Fleet Size:

Compact

Midsize

Large Size

OEM

By End-use:

Sports

Recreational (Cruising, etc.)

Passenger Transport

Defence and Coastal Surveillance

Others

[esgdatainrate]

Spinnaker Pole Forecast to 2031 with Key Companies Profile, Supply, Demand and SWOT Analysis

The global spinnaker pole market size was valued at $450.1 million in 2020, and is projected to reach $1,254.6 million by 2030, registering a CAGR of 10.6% from 2021 to 2030. The spinnaker pole is used for attachment of spinnaker for sailing with the direction of the wind. In sailboats, a spinnaker pole is a spar. A spinnaker pole aids in the control of various headsails.

Sailboat makers are investing in high-quality spinnaker poles as the cost of fossil fuels rises. It’s made for sailing against the wind, from reaching to a downwind course. Consumers in emerging nations such as China, India, Mexico, Brazil, and South Africa are spending more on luxury tourism as their disposable income rises. Sailboat tourism is being promoted by travel firms. These firms can save money on fuel by using a sail with a spinnaker pole. In the next years, these factors are expected to enhance the sale of various varieties of spinnaker pole products.

Major players in this market focus on designing new concept spinnaker pole to reduce load on the boat. For instance, in July 2021, Allen Brother has launched advanced concept for double and triple blocks for many spinnaker systems, especially for reducing the load of line. The articulating range has the standard double or triple block structure, but the spacer molding between each cheek and the central rivet that binds the blocks together have been eliminated. Hence, these innovations in manufacturing of spinnaker pole will create growth opportunity in the market during the forecast period.

The rising number of boating events and trade exhibitions taking place across the world has increased the appeal of recreational boating activities among visitors of all ages. Retail unit sales of new powerboats increased by an anticipated 4% in 2019, according to the National Marine Manufacturers Association (NMMA).

Manufacturers in the European region are now venturing into sustainable development and have increased their efforts to produce environment friendly yachts, which in turn fuels the demand for spinnaker pole. For instance, Catamaran has made luxury boats and yacht out of 75% recycled material. In addition, the Vaan R4 is made of circular materials that can be recycled at the end of the boat’s useful life. The boat also includes natural materials, including the cork, linen, silk alternative lyocell, a plant-based leather substitute, and certified wood. Such efforts not only provide premium luxury but also impart no negative impact on the environment.

Competition Analysis

The key market players profiled in the spinnaker pole market report include AG+Spars, Allen Brother LTD, Axxon Composites, Competition Composites, Inc., CST composites, Hoel Composites, Offshore Spars Co., Selden Mast AB, Sparcraft, and Z Spars UK.

The major players operating in the global spinnaker pole market have adopted key strategies such as product launch and business expansion to strengthen their market outreach and sustain the stiff competition in the market.

Full Report With TOC:-https://www.alliedmarketresearch.com/spinnaker-pole-market-A08258

[atlanticcanada]

Ferry service between Bedford and Halifax is on the horizon city councillor says

A municipal catamaran ferry service between Bedford and Halifax is on the horizon, city councillor says.

“The market study has been done, the design study has been done,” Bedford-Wentworth councillor, Tim Outhit said.

But, this has been said before.

Back in 2021, it was thought the ferries could be in the water in three years. That timeline was put on hold.

“At that time we were still investigating rail, which would have serviced a lot more community and would have serviced all the growth that we’re seeing down in Hants and Colchester and these areas where people are coming into the HRM,” Outhit says.

Deals with Via and CN that own the tracks couldn’t be reached, forcing the rail dream off the tracks. Focus again turned back to the water.

Commitments have been received from the federal and provincial governments for a fast ferry that would run from Bedford to downtown Halifax and back.

“It’s a lot of money, it’s $260 million,” said Waye Mason, chair of Halifax Regional Municipality’s Transportation Standing Committee.

The design calls for electric catamaran-style ferries that carry 150 passengers and make the run in 20 minutes, depending on the weather.

The plan fits the city’s climate and decarbonization goals.

“We’re projecting we’re going to grow to be one million people by 2070,” Mason said of the municipality.

“We need to find new ways to move people around, so we have the harbour right there and we can get a lot of people off the Bedford highway,” Mason said.

It’s a popular idea for residents who face unpredictable commutes into the downtown core.

“I hate driving in the city. I really do not like to drive in the city,” local resident Jane Corbin said.

“I’m all for it. I think it’s a great idea, I think it’s something that has been a long time coming,” said another local resident, Samantha Hines.

Mason said the most expensive part of this potential project would not be the ferries, instead the greatest costs would come from the creation of new ferry terminals equipped with the necessary charging equipment.

Catamaran ferries can’t dock where the slow ferries travelling between Halifax and Dartmouth dock.

The city expects to hear in the fall if the province and federal government are supporting this project.

Tim Outhit said the city needs help from Nova Scotia and Ottawa with this project because it is too costly to tackle on its own. With help, the ferry project would be dead in the water.

If support comes through, the hope is to have the fast ferries running by 2027.

For more Nova Scotia news visit our dedicated provincial page.

from CTV News - Atlantic https://ift.tt/BeMC8kv

[severepeanutperfection]

Catamaran Market: Growing Demand for Luxury Yachts and Recreational Boating Activities to Fuel Market Growth

The catamaran market has witnessed significant growth in recent years due to the increasing demand for luxury and adventure cruising. A catamaran is a type of multi-hull boat that is designed to provide stability, speed, and comfort during sea travel. The increasing adoption of catamarans in the tourism industry and the growing popularity of water sports and activities are driving the demand for catamarans. Furthermore, the increasing demand for fuel-efficient and eco-friendly boats is also driving the growth of the market.

The global catamaran market is segmented based on size, application, and region. The leisure segment is expected to dominate the market due to the high demand for luxury and adventure cruising. The small catamaran segment is expected to dominate the market due to the high demand for personal use and recreational activities. Asia-Pacific is expected to dominate the global catamaran market due to the high demand for leisure and tourism activities in countries such as Australia and New Zealand.

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Some of the key players in the market include Fountaine Pajot, Sunreef Yachts, Lagoon Catamarans, and Leopard Catamarans. These companies offer a wide range of catamarans to cater to the growing demand for luxury and adventure cruising and the increasing adoption of catamarans in the tourism industry. They also focus on developing innovative and advanced technologies to cater to the growing demand for fuel-efficient and eco-friendly boats. The catamaran market is expected to continue to grow in the coming years due to the increasing demand for luxury and adventure cruising and the growing popularity of water sports and activities.

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[abhigmi]

Dump Trucks Market to Observe Rugged Expansion at a Top CAGR by 2030

The dump trucks market is poised to grow significantly by 2030 owing to rising mining activities in various regions around the world. In addition, prevalent recycling activities, along with rapid urbanization, are likely to further augment market growth over the forecast period.

Dump trucks are a major part of the construction sector as they help efficiently transfer materials and dump them in the required place, reducing human efforts. Following the COVID-19 outbreak, the mining & construction sector witnessed a halt in business activities due to the implementation of strict lockdowns that caused disruptions in the supply chain and the transportation of raw materials.

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However, relaxation in lockdown restrictions and an increase in research and development activities boosted technological advancements in the dump trucks market. In February 2022, a study by a team from the Tarbiat Modares University conducted a reliability assessment of dump trucks in a heterogeneous operating environment. The research related the risks associated with dump trucks to season, operator skill, and the elevation difference between loading and dumping points.

Moreover, major players have been focusing on developing innovative products and adopting growth strategies to extend their customer reach, thereby fostering the dump trucks market outlook. To cite an instance, in June 2021, Hitachi Construction Machinery, a Japanese construction equipment company, announced a collaboration with ABB, a multinational technology leader, to build an engineless and full battery rigid frame dump truck with a custom-built energy-based storage system, decreasing GHG emissions and offering a way to achieve net-zero emissions.

In another instance, in March 2022, XCMG Group, a China-based heavy machinery manufacturer, rolled out the world's largest 440-ton mining dump truck, its XCMG XDE440, in batches to mining firm Zijin Mining. The dump trucks were supplied for Zijin Mining's Bor copper mine located in Serbia, furthering the long-term strategic collaboration between the two companies.

The dump trucks market has been bifurcated in terms of end-use, type, and region.

Based on type, the dump trucks industry has been split into articulated and rigid. The articulated segment is expected to witness massive growth over the assessment timeframe. Growing demand for technologically advanced articulated dump trucks is set to propel market growth for powered catamarans.

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With regards to end-use, the market has been divided into mining and construction. Rapidly surging mining activities in the Asian industry are estimated to boost the growth of the mining segment in the forthcoming years.

From the regional perspective, the Middle East & Africa dump trucks market is slated to progress significantly through the forecast period. Huge investments in construction and infrastructure development projects are foreseen to bolster market expansion in the Middle East region.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope and definition

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Data sources

1.4.1    Secondary

1.5    Industry Glossary

Chapter 2   Executive Summary

2.1    Dump trucks industry 3600 synopsis, 2018 - 2030

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    End-use trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/dump-trucks-market

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[waquasuniverse]

Catamaran Market Size Worth $2.23 Billion By 2030

The global catamaran market size is expected to reach USD 2.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.8% from 2022 to 2030. The increase in leisure tourism and racing events and the increasing disposable income of people across the globe are some of the key factors driving the growth of the catamaran industry. A…

[technotale]

Powered Catamaran Market to Eyewitness Massive Growth, Latest Advancement and Detail Analysis 2023-2030

The powered catamaran market refers to the boating industry segment that deals with the manufacture, sale, and distribution of powered catamarans. A motorised catamaran is a type of recreational watercraft made up of two parallel hulls joined by a platform. When opposed to monohull boats, this design delivers a more stable ride and allows for additional deck space and living quarters.

The Powered catamaran industry has expanded in recent years as this type of watercraft has grown in favour as a leisure and travel alternative. Catamarans are in high demand due to factors such as enhanced comfort and stability, a need for additional room, and the rise of water sports and coastal tourism.

The powered catamaran market is divided into three categories: size, material, and end-user. Catamarans are classified into three sizes: small, medium, and big. Fiberglass, aluminium, and composite materials are all part of the material category. Recreational users, charter operators, and business users comprise the end-user category.

Leopard Catamarans, Fountaine Pajot, Lagoon, Sunreef Yachts, and Bali Catamarans are among the key participants in the powered catamaran sector. These firms manufacture a wide range of catamarans for a variety of applications, ranging from small trailerable boats to big luxury yachts.

Overall, the powered catamaran market is likely to expand in the coming years, owing to rising demand for more pleasant and reliable boating experiences, as well as the growing popularity of water sports and coastal tourism.

Read more @ https://techinforite.blogspot.com/2023/02/powered-catamaran-market-analysis-size.html

[rohit0024]

Catamaran Market Size Worth $2.23 Billion By 2030

Catamaran Market Growth & Trends The global catamaran market size is expected to reach USD 2.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.8% from 2022 to 2030. The increase in leisure tourism and racing events and the increasing disposable income of people across the globe are some of the key factors driving the…

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Polymeric And Inorganic Fibers Market - Forecast (2022 - 2027)

Polymeric and inorganic fibers market size is forecast to reach US$127.6 billion by 2026, after growing at a CAGR of 7.1% during 2021-2026. Inorganic fibers are gaining importance in end-use industries. These fibers are manufactured from the material available in the earth's crust such as glass, metal, carbon, and ceramics among others. Inorganic fibers are fibers made from inorganic materials such as amorphous fiber, wollastonite, and monocrystalline fiber. Inorganic fibers have more resistance, more rigid, higher melting point, and heat resistant compared to traditional fibers. The growing demand from various end-use industries including, automotive, aerospace, marine, textile, medical, and electronics & electrical among others are driving the market growth during the forecast period 2021-2026. The growing demand from the automotive industry along with the rising need for lightweight components in automotive production is propelling the market growth. The growing commercial aviation in developed regions is supporting the market growth during the forecast period. The rapid growth in medical along with the growing production of medical equipment globally is one of the major factors driving the market growth for polymeric and inorganic fibers during the forecast period. However, growing environmental concerns and the high cost of polymeric and inorganic fibers are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the fiber industry. The temporary shutdown of inorganic fiber manufacturing facilities has negatively impacted the market. The downfall in the production of fibers, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of polymeric and inorganic fibers, which, in turn, has affected negatively the market growth during the pandemic.

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Report Coverage

The report: “Polymeric and Inorganic Fibers Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polymeric and Inorganic Fibers industry.

By Type: Inorganic Fibers (Glass fiber, Carbon Fiber [PAN (polyacrylonitrile), and Pitch (petroleum oil & coal)], Metal Fiber, Boron Fiber, Silica Carbide Fiber, Ceramic Fiber, and Others), and Polymer Fibers (Polyamide nylon, PET or PBT polyester, Phenol-formaldehyde (PF), Polyvinylchloride fiber (PVC) vinyon, Polyolefins (PP and PE) olefin fiber, Acrylic polyesters, and Others)

By Fiber Type: Continuous fiber, Long fiber, and Short fiber.

By Application: Garments, Conveyer belts, insulating cables, Helmets, Engine compartment, Gasket lining, Brake pads, Wings, Tires, Microelectrodes, Catalysis, Gas Turbine, and Others

By End-Use Industry: Automotive (Passenger Cars, Light Weight Commercial Vehicles and Heavy Commercial Vehicles), Construction (Residential Construction and Commercial Construction), Aerospace & Defense (Commercial Aircraft, Regional Jets, General Aviation, Rotorcraft, Defense Aircraft, and Others), Medical, Textile, Wind Energy, Marine (Yachts, Catamarans, Racing Boats), Consumer Goods, Electrical & Electronics, Oil & Gas, Sporting Goods, and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

The Asia Pacific is expected to register the highest CAGR of 8.1% during the forecast period (2021-2026). Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth. 

Inorganic fibers are also known as high-performance fibers or super-fibers. They have superior characteristics and properties that differ from other non-natural fibers.

The manufacturers are involved in developing advanced fibers for different end-use industries. Investments in research and developments to enhance the capabilities of polymeric and inorganic fibers are supporting the market growth. 

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Polymeric and Inorganic Fibers Market Segment Analysis - By Type

The inorganic fibers segment is expected to hold the largest market share in the global polymeric and inorganic fibers market during the forecast period. The carbon fibers segment of inorganic fibers type accounted for approximately 30% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. Carbon fibers are widely used in aerospace & defense, automotive, sports & recreation, and wind energy industries due to their high strength modulus property. Carbon fibers are also cost-effective and possess high tensile strength compared to other types. The polymeric fiber segment is expected to grow at a high CAGR of 7.5% during the forecast period. The growing demand and usage of synthetic fibers are driving the market growth for the polymeric fibers segment.

Polymeric and Inorganic Fibers Market Segment Analysis – By Application

Polymeric and inorganic fibers are used for manufacturing garments, automotive and aerospace components, medical devices, and others. The garments segment is expected to hold a significant market share and is estimated to grow significantly during the forecast period. The growing demand for high-strength fibers in garments is driving the market growth. These fibers are used for manufacturing sports garments, fire safety garments, and waterproof garments among others. The helmets segment also holds a significant share and is expected to grow at a CAGR of 6.9% during the forecast period. The growing number of bike accidents and government regulation on helmet usage is supporting the market growth for the helmets segment.

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Polymeric and Inorganic Fibers Market Segment Analysis – By End-use Industry

The aerospace and automotive segment accounted for more than 32% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Automobile components such as brake pads, engine compartment, and gasket lining among others contain polymeric & inorganic fibers, including carbon fiber, and ceramic. The growing production of passenger cars in developing nation are driving the market growth during the forecast period. The growing usage of fuel-efficient vehicles and lightweight vehicles are supporting the market for polymeric & inorganic fibers between 2021-2026. The growing globalization of companies along with international trade activities are driving the market growth for aerospace and marine segments. The wind-energy segment is expected to grow at a significant growth rate between 2021-2026. The growing demand for renewable energy production in developed and developing nations is boosting the market growth. Major players operating in the wind energy segment are using these fibers composites for the production of wind blade structural components.

Polymeric and Inorganic Fibers Market Segment Analysis - By Geography

North America region held the largest share in the polymeric and inorganic fibers market in 2020 up to 41%, owing to the presence of multiple end-users in the region. The presence of developed nations such as the USA, and Canada is driving the market growth in the region. The presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations is driving regional growth. According to the data published by OICA, the North American region produced approximately 13.37 million vehicles in 2020. The European region is expected to register a significant growth rate during the forecast period (2021-2026). The presence of leading automobile manufacturers such as BMW, Benz, DAF, Daimler AG, Fiat, and Bentley among others are driving the regional growth during the forecast period.

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Polymeric and Inorganic Fibers Market Drivers:

Growing automotive and aerospace industry

Growth in the commercial aviation sector along with the expansion of fleet lines are driving the market demand. Polymeric and inorganic fibers are widely used in manufacturing Wings, tires, and gasket lining for aircraft. According to Airbus, North America ordered more than 2,500 commercial aircraft for domestic and international passenger services. They also mention North American carriers will require approximately 5,600 additional aircraft in the coming decades. According to the data published by Federal Aviation Administration (FAA), In 2020 the United States aviation industry contributed 5.2% to the country's GDP. The administration also stated that the country generated approximately US$488 billion in revenue from the aviation industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020. According to the data published by OICA, India produced more than 3.3 million vehicles in 2020. 

Growing demand for wind energy 

The companies involved in wind energy are using carbon fibers and glass fibers-based composites for manufacturing rotary blades to increase performance efficiency, service life, and rotor dynamics. According to the data published by U.S. Energy Information Administration, in 2020, about 338 billion kilowatt-hours (kWh) of electricity were generated by wind, which occupies about 8.4% of total energy production. According to the US Energy Department, new wind projects account for US$10 billion of annual investments. The organization also mentioned there are 180 onshore and 17 offshore wind projects in the USA. Based on the data published by Wind Europe Organization, Europe installed about 14.7 GW of new wind capacity in 2020. Europe is also planning to install around 105 GW of new wind energy capacity over the next five years.

Polymeric and Inorganic Fibers Market Challenges:

High cost of polymeric and inorganic fibers

The high cost of polymer and inorganic fiber is one of the major concerns associated with its growth. These fibers are still not used in large applications due to their high cost. The fibers such as carbon, and ceramic fibers are very expensive. Carbon fiber is currently used in only high-end and racing cars due to its high cost. However, companies are also focusing on manufacturing low-cost fibers to meet the market demand.

Polymeric and Inorganic Fibers Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polymeric and Inorganic Fibers market. Major players in the Polymeric and Inorganic Fibers market are American Fiberglass Rebar, American Grating, LLC., Engineered Composites Ltd, B&B FRP Manufacturing INC.; TUF-BAR; FRP Composites Inc.; Ten Cate NV; Zoltek Companies, Inc.; Hyosung Corporation; Mitsubishi Rayon Co., Ltd.; SGL Group; DowAksa, Teijin and others

Acquisitions/Technology Launches

In June 2021, Teijin company announced that its Tenax™ carbon fiber prepreg is adopted by Airbus to manufacturing nacelle parts for its next-generation aircraft engine. The product Tenax™ prepreg can be molded at a lower temperature and in a shorter time than conventional prepregs for aircraft applications.

In April 2020, The BMW Group selected the SGL group to produce a glass fiber-based cover plate used on battery enclosures for future plug-in hybrid vehicle models. The company also supplied carbon fibers, textiles, and stacks for the BMW iNEXT model.

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Yacht Charter Market Future Aspect Analysis and Current Trends by 2016 to 2030

The yacht charter market was worth USD 22.3 million in 2021 and is anticipated to expand at a CAGR of 6.1% over 2022-2030. It is further reckoned to be influencing by various growth inducing factors and accumulate a valuation of USD 40.5 million by 2030.

Chartering a sailboat or motor yacht to travel to different coastal or island sites is known as yachting. Yachts were historically mostly rented for recreational purposes and vacations, but now more and more people are using them for business and political gatherings. The larger boat charter industry includes the yacht charter sector.

Furthermore, due to increased ownership costs for yachts in regions like Europe and North America, there is an increase in marine tourism, aquatic recreational activities, and a preference for yacht chartering over ownership of motor and luxury yachts. Additionally, it is anticipated that the revenue from yacht charter will rise as a result of services like cabin, skippered, and crewed chartering.

The act of renting or chartering a sailboat or motor yacht and sailing to different coastal or island sites is known as yachting. It plays a significant role in the area of service related to recreational boating. It was challenging for the consumers who were active in the recreational boating business to want to maintain the boats because they don't want to miss out on the fun of yachting and sailing. Renting out recreational craft has consequently developed into a key component of maritime tourism. Sales fell as a result of an intensifying trend, however rental boat services were less negatively impacted.

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Global Yacht Charter Market- Segmental assessment

By Type

Motorized Yacht

Sailing Yacht

Others

The motorized segment is likely to showcase a considerable progression by 2030. This is attributable to the various benefits offered by motor yachts including high speed, enhanced power, along with the ability to cover longer distances in lesser time.

By Size

Small

Medium

Large

By Application

Vacation/Leisure

Sailing

Others

The vacation/leisure segment is slated to generate significant returns over the stipulated timeline due to the rising disposable income of the masses and increasing developments in the marine tourism sector.

Top players profiled:-

Northrop & Johnson, Yachtico Inc., Sailogy S.A., Burgess, Ionian Catamarans, IYC, Royal Yacht International, and Princess Yacht Charter

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