Fishing Boats Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

The Fishing Boats Market was valued at USD 1.85 Billion in 2024, and is expected to reach USD 2.97 Billion by 2030, rising at a CAGR of 8.20%. The market is undergoing a notable transformation driven by increasing seafood demand, rapid modernization of fishing fleets, and advancements in vessel technologies. Global aquaculture and fisheries production continues to surge, reflecting greater reliance on aquatic food to address nutrition and food security needs. As aquaculture output surpasses capture fisheries, demand for efficient, durable, and environmentally compliant fishing boats is rising. Technological innovations - ranging from hybrid propulsion systems and onboard cold storage to advanced sonar and tracking tools - are improving catch efficiency and operational performance. Alongside commercial expansion, recreational and sport fishing activities are also contributing to market growth, with rising consumer interest in personal fishing vessels across lakes, rivers, and coastal zones.

Key Market Drivers

Rising Global Demand for Seafood

The upward trend in global seafood consumption is a major catalyst for growth in the fishing boats market. Fish is increasingly favored for its health benefits, including being a lean protein source rich in omega-3 fatty acids, and is gaining preference over traditional red meat. Rising global populations, income levels, and urbanization are fueling demand in both household and foodservice sectors. Forecasts suggest a substantial rise in global seafood production, including a threefold increase in high-value aquaculture like finfish and shrimp by 2050. This demand is driving investment in modern, high-performance boats capable of meeting higher productivity standards. As seafood becomes a key pillar of sustainable food systems worldwide, operators are equipping vessels with advanced systems for long-range fishing, environmental compliance, and post-catch processing.

Key Market Challenges

Depleting Fish Stocks and Overfishing Regulations

Overfishing and marine ecosystem degradation present significant regulatory and operational challenges. Governments and international bodies have introduced stringent quotas, seasonal restrictions, and gear regulations to protect endangered species and ensure long-term sustainability. While necessary, these regulations limit fishing operations and reduce the feasibility of investing in larger or more frequent fishing expeditions. For large commercial fleets, unpredictable restrictions increase investment risk, while small operators often face hurdles in accessing permits, meeting compliance standards, and bearing certification costs. The operational constraints imposed by these environmental safeguards affect fleet expansion plans and place additional financial burdens on stakeholders, particularly in developing economies with limited regulatory infrastructure.

Key Market Trends

Eco-Innovative Designs for Reduced Emissions

There is a growing industry focus on designing fishing boats that are more energy-efficient and environmentally sustainable. Engineers are optimizing hull shapes, integrating air lubrication systems, and deploying lightweight composite materials to reduce drag and fuel consumption. Advanced coatings with anti-fouling properties help maintain performance and reduce emissions over time. Hybrid and electric propulsion systems are gaining traction, particularly for nearshore and small-scale operations, offering cost savings and regulatory compliance advantages. These developments align with global climate commitments and maritime emission reduction targets. As buyers increasingly prioritize long-term operational efficiency, vessels designed with green technologies are becoming more attractive to both commercial and recreational users.

Key Market Players

• Brunswick Corporation
• BRP Inc.
• Yamaha Motor Company Ltd.
• Smoker Craft Inc.
• Correct Craft Holding Co. LLC
• Telwater
• White River Marine Group
• BPS Direct LLC
• Legend Boats
• UMS Boats

Report Scope:

In this report, the Global Fishing Boats Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Fishing Boats Market, By Type:

• Deep-V boat
• Multi-species boat
• Bass Boat
• Others

Fishing Boats Market, By Size:

• < 14 feet
• 14-16 feet
• >16 feet

Fishing Boats Market, By Propulsion:

• ICE
• Hybrid
• Electric

Fishing Boats Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe & CIS
• Germany
• France
• U.K.
• Spain
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Turkey
• South America
• Brazil
• Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Fishing Boats Market.

Available Customizations:

With the given market data, the publisher offers customizations according to the company’s specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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