Business
Twin Vee PowerCats Co. Positions Itself to Capitalize and Ride Industry Growth in the Expanding Catamaran Market
FORT PIERCE, FL / ACCESS Newswire / December 16, 2025 /Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced favorable new industry data projecting sustained ...
About this update from Twin Vee Powercats Co.
[{"type":"text","content":"FORT PIERCE, FL / ACCESS Newswire / December 16, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced favorable new industry data projecting sustained expansion in the center console power catamarans market. A 2025 report by DataHorizzon Research, titled "Center Console Power Catamarans Market Size, Growth & Forecast Report - 2033," forecasts that the global center console power catamarans market (defined as twin-hull, center-console recreational and commercial boats designed for fishing, cruising, water sports, and offshore activities) is expected to grow from approximately $2.8 billion in 2024 to $4.6 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 5.7%.","length":820,"tagName":"p"},{"type":"text","content":"DataHorizzon's findings indicate that twin hull boats are increasing in popularity among recreational boaters, professional anglers, and commercial operators due to their stability, fuel efficiency, and shallow draft capabilities compared to traditional monohull center console boats. Specifically, the report states that the "market has been driven by technological advancements in hull design, propulsion systems, and construction materials, making these vessels more accessible to a broader range of consumers."","length":528,"tagName":"p"},{"type":"text","content":"Joseph Visconti, CEO and President of Twin Vee PowerCats Co., believes that Twin Vee stands out in this landscape thanks to the Company's decades-long commitment to designing, manufacturing, and marketing high-performance, twin-hull catamarans renowned for their stability, fuel efficiency, and smooth ride. "The market tailwinds for center-console power catamarans have never been this strong. We believe that our innovative designs, expanding dealer network, and developing direct-to-customer manufacturing model give Twin Vee a substantial competitive edge."","length":575,"tagName":"p"},{"type":"text","content":"According to Visconti, recent Company milestones underscore Twin Vee's readiness to leverage this improved market environment:","length":130,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales for the third quarter of 2025 were up 18% to $3.43 ...