Catamarans have gained significant popularity in the maritime industry over the years. According to Coherent Market Insights’ analysis, North America is expected to exhibit a CAGR of 4.2% to reach US$ 557.8 Mn by 2023 from US$ 417.4 million in 2016. These multi-hulled vessels offer stability, fuel efficiency, and increased deck space compared to traditional monohull boats. The Catamarans Markethas witnessed steady growth due to their diverse applications, including leisure cruising, chartering, commercial transportation, and military operations. Catamarans are known for their superior stability, thanks to their twin-hull design. This stability enhances passenger comfort and safety, making catamarans an attractive choice for leisure cruising, chartering, and other recreational activities. Additionally, their efficient hydrodynamic properties offer better fuel economy and higher speeds, leading to increased demand in commercial transportation.
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