With a CAGR of 7.44%, the aluminum fishing boat market size is expected to reach $2.5 billion by 2030
Rising popularity of recreational activities such as fishing and boating is one of the key trends in the aluminum fishing boat market and is expected to grow further in the coming year with revenue generation forecast $2.5 billion by 2030, growing at a CAGR of 7.44% from 2022 to 2030.
Today, with a growing awareness of the health benefits that seafood offers, a large number of people around the world are considering adding seafood to their diet. Marine manufacturers and naval architects have recognized aluminum as an ideal material for the construction of boats used for fishing activities. Since aluminum is a lightweight material, it reduces the overall weight of the boat and also improves its speed. Besides these advantages, it offers durability, high payloads, low maintenance cost as well as high recycling value. Furthermore, the increasing acceptance of outdoor activities such as water sports and fishing is likely to expose huge growth opportunities for the global aluminum fishing boat industry.
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Take away key
- The Deep-V Boat sub-segment held a major share in 2021
- The 14-16ft sub-segment is expected to grow at a CAGR of 7.95% from 2022 to 2030
- Asia Pacific is expected to grow at the fastest CAGR of 8.07% from 2022 to 2030
In comparison to fiberglass boats, aluminum fishing boats are less expensive and therefore offer excellent opportunities for growth. For example, aluminum fishing boats from Lund and Tracker come with high-end gear to make fishing easy and cost less than $15,000. Also, they have advantageous features such as reduced weight, help boats achieve high speeds with smaller motors, while fiberglass boats require huge or double motors to achieve higher speed. The endurance and resilience of these boats are exceptional and will drive market growth.
The global aluminum fishing boat market is segmented on the basis of boat type, size, engine type and region. By Boat Type, the market is categorized as Deep-V Boat, bass boat, multi-species boat, and others. By size, it is classified as 16 feet. By Engine Type, the market is segmented into 300 HP. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the aluminum fishing boat industry are Yamaha Motor Co., Ltd., Brunswick Corporation, BRP, Correct Craft, Smoker Craft Inc., White River Marine Group, UMS Boats, MirroCraft, Legend Boats, and Bennington Pontoon Boats.
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The report offers a comprehensive analysis of the global aluminum fishing boat market trends by thoroughly studying different aspects of the market including key segments, market statistics, market dynamics, regional market outlook, opportunities. investment and key players working to grow the market.
The report also sheds light on the current scenario and upcoming trends and developments contributing to the growth of the Aluminum Fishing Boats market. Additionally, restraints and challenges that have the power to hamper the market growth are also presented in the report along with Porter’s Five Forces analysis in the market to elucidate factors such as competitive landscape, power negotiations of buyers and suppliers, the threats of new players and the emergence of substitutes in the market.
The report covers an in-depth analysis of Aluminum Fishing Boats Market Analysis, Aluminum Fishing Boats Market Share, Aluminum Fishing Boats Market Opportunities and Aluminum Fishing Boats Market Forecast aluminum for every segment, region and country.
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