Worldwide Aluminium Fishing Boat Industry to 2030 - Featuring Yamaha Motor, Brunswick, BRP and Smoker Craft Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 21, 2022--
The “Aluminium Fishing Boat Market By Boat Type, By Size, By Engine Type: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
The aluminum fishing boat market is projected to garner $2,491.8 million in the 2021-2030 timeframe, growing from $1,362.5 million in 2021, at a healthy CAGR of 7.44%.
An increase in the number of recreational activities owing to several health benefits such as stress reduction, greater social bonding, self-fulfillment, thrills, and entertainment are boosting the market growth in the industry. The term ‘fishing boat’ refers to a pontoon or ship used to catch fish in the ocean, or a lake, among others.
Also, increasing tourism and government plans, along with increasing outdoor activities, have boosted the sale of new boats, which is driving the aluminum fishing boat market size.
The aluminum fishing boat industry is expected to be restrained by the availability of substitute products such as fiberglass boats and steel-based boats & ships. The fiberglass boat, for example, is easily cleaned and bendable. Additionally, in comparison to aluminum fishing boats, steel-based boats and ships are preferred in the oceans and sea. This is due to the fact that aluminum fishing boats corrode easily in saline environments like oceans and seas.
Aluminum fishing boats market demand is anticipated to boost rapidly owing to several initiatives implemented by the aluminum fishing boat manufacturers. For instance, on October 7, 2021, Lowe Boats, a boat manufacturer, unveiled a new boat series, the SS Pontoon and Bay Boat Series, with a fresh design and updated features.
The SS Pontoon Series has a striking new design with 16 different lengths and floor plan options, as well as a conversion lounge, L-shape lounge layout, and walk through, with lengths ranging from 17′10″ to 27′11″ and plenty of storage. It also has a luxury design with multiple color options and a new interior style with plush marine grade vinyl, quilted insets, and other features.
The Lowe SS Pontoon Series console is created with captain ergonomics in mind, with visibility on instruments, throttle, and steering wheel. This boat is powered by a Mercury Marine outboard engine, which is well-known for its reliability and performance. These aspects are anticipated to boost the aluminum fishing boat market trends in the upcoming years.
The COVID-19 pandemic had a devastating impact on aluminum fishing boat market globally. This is majorly owing to complete lockdown imposed across several countries and travel restrictions. Also, social distancing norms impacted the aluminum fishing boat market size which is majorly used for recreational activities such as water tourism and fishing. Due to travel restrictions, there had been drastic decline in aluminum fishing boat market demand which - negatively affected the market growth.
Key Market Segments
By Boat Type
- Bass Boat
- Multi-species Boat
- Deep-V Boat
- Less than 14 Feet
- 14-16 Feet
- and16 Feet
By Engine Type
- Less than 200 HP
- 200-300 HP
- and300 HP
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- Yamaha Motor Co., Ltd.
- Brunswick Corporation
- correct craft
- Smoker Craft Inc.
- White River Marine Group
- UMS Boats
- legend boats
- Bennington Pontoon Boats
For more information about this report visit https://www.researchandmarkets.com/r/5jmb5k
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INDUSTRY KEYWORD: MARITIME FISHING TRANSPORT SPORTS
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/21/2022 06:39 AM/DISC: 12/21/2022 06:39 AM