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.
Some of the leading aluminum fishing boat market players 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.
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.
Some of the leading aluminum fishing boat market players 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.
Key Market Segments
By Boat Type
- Bass Boat
- Multi-species Boat
- Deep-V Boat
- Others
By Size
- Less than 14 Feet
- 14-16 Feet
- and16 Feet
By Engine Type
- Less than 200 HP
- 200-300 HP
- and300 HP
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- Yamaha Motor Co., Ltd.
- Brunswick Corporation
- BRP
- correct craft
- Smoker Craft Inc.
- White River Marine Group
- UMS Boats
- MirroCraft
- legend boats
- Bennington Pontoon Boats
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ALUMINIUM FISHING BOAT MARKET, BY BOAT TYPE
CHAPTER 5: ALUMINIUM FISHING BOAT MARKET, BY SIZE
CHAPTER 6: ALUMINIUM FISHING BOAT MARKET, BY ENGINE TYPE
CHAPTER 7: ALUMINIUM FISHING BOAT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Aluminium Fishing Boat Market," the aluminium fishing boat market size was $1.4 billion in 2021, and is estimated to reach $2.5 billion by 2030, growing at a CAGR of 7.44% from 2022 to 2030.Aluminum boats are both lightweight & durable and are not as abrasion-resistant as steel but are lighter and harder than fiberglass or wood. They may also build a vessel that is stronger than steel while weighing less. Deep-v jon boats, mod-v (or modified-vee), and bass boats are the three basic designs of aluminum fishing boats. Jon boats feature a fairly flat bottom & blunt bow and are particularly popular for usage in rivers and tiny lakes since they can operate in shallow water and rapidly get on the plane. Fishing as a hobby has been linked to a variety of health advantages, including stress alleviation, increased social bonding, self-fulfillment, and thrills & challenges. Many people, for example, enjoy fishing because it provides them with a sense of liberation. When individuals go fishing, they feel liberated since the atmosphere is so different from their everyday lives. Nature interaction allows you to forget about your troubles.
However, negatively charged aluminum metal attracts electrons from positively charged metal, making aluminum fishing boats prone to corrosion. Corrosion is caused by eroding the metal.
On comparing with fiberglass boats, aluminum fishing boats are less expensive and hence offer excellent growth opportunities. For example, Lund and Tracker's aluminum fishing boats come with high-end equipment to make fishing easier and cost less than $15,000. Also, they have advantageous features such as reduced weight, help boats in achieving high speeds with smaller engines, whereas fiberglass boats require huge or double engines to obtain the 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 classified as deep-v boat, bass boat, multi-species boat, and others. By size, it is classified as < 14 feet, 14-16 feet, and >16 feet. By engine type, the market is segmented into < 200 HP, 200-300 HP, and >300 HP. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the leading aluminium fishing boat industry players 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.
The report offers a comprehensive analysis of the global aluminium fishing boat market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market.
The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the aluminium fishing boat market growth. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
The report covers a thorough analysis of aluminium fishing boat market analysis, aluminium fishing boat market share, aluminium fishing boat market opportunities, and aluminium fishing boat market forecast for each segment, region, and country(s).
Impact Of Covid-19 on the Global Aluminum Fishing Boat
The COVID-19 epidemic devastated the global aluminium fishing boat industry. This is due the imposition of complete lockdowns and travel restrictions in many countries. Furthermore, social distancing practices influenced the expansion of the aluminium fishing boat market, which is mostly used for recreational activities such as water tourism and fishing.
Many recreational activities, including fishing, were restricted in many countries in order to slow the spread of the epidemic. Import-export of raw materials required for the manufacture of aluminum fishing boats was hampered by government laws governing non-essential enterprises.
Pending export payments, rising fuel prices, falling fish prices, delayed shipments, and other issues plague fishing boat trawlers. During the pandemic, these factors harmed the market share of aluminum fishing boats.
Key Findings of the Study
- On the basis of boat type, the deep-v-boat sub-segment is predicted to have a dominating share in the global market during the forecast period.
- On the basis of size, the 14-16 feet sub-segment is estimated to have a dominating market share in the global market.
- By engine type, the,< 200HP sub-segment is estimated to have a dominating market share in the global market.
- On the basis of region, Asia-Pacific region is projected to remain the fastest-growing sub-segment during the forecast period.
Companies Mentioned
- Yamaha Motor Co. Ltd.
- Brunswick Corporation
- Brp
- Correct Craft
- Smoker Craft Inc.
- White River Marine Group
- Ums Boats
- Mirrocraft
- Legend Boats
- Bennington Pontoon Boats
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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