Aluminum Fishing Boat Market to Reach $2.5 Bn, Globally, by 2030 at 7.4% CAGR: Allied Market Research

5 min


0

Increase in fishing activities in the developed countries and rise in research and development activities with adoption of smart and unique strategies drive the growth of the global aluminum fishing boat market.

PORTLAND, Ore., July 14, 2022 /PRNewswire/ — Allied Market Research published a report, titled, Aluminum Fishing Boat Market by Boat Type (Bass Boat, Multi-species Boat, Deep-V Boat, Others), by Size (16 Feet), by Engine Type (300 HP): Global Opportunity Analysis and Industry Forecast, 2021-2030.”According to the report, the global aluminum fishing boat market generated $1.4 billion in 2021, and is estimated to reach $2.5 billion by 2030, witnessing a CAGR of 7.4% from 2022 to 2030.

Allied Market Research Logo

Drivers, Restraints, and Opportunities

Increase in fishing activities in the developed countries and rise in research and development activities with adoption of smart and unique strategies drive the growth of the global aluminum fishing boat market. However, aluminum boats are prone to distortion and leakage, which, in turn, restrains the market growth. The developments in aluminum fishing boats that have a lifetime hull warranty create new opportunities in the coming years.

Covid-19 Scenario

  • Many recreational activities such as water tourism and fishing were banned during the Covid-19 pandemic due to lockdown restrictions and social distancing measures implemented by governments of various countries. This, in turn, reduced the demand for aluminum fishing boats.
  • Production activities, supply chain, and distribution activities were disrupted due to lockdown during the initial stages of the pandemic. This impacted the revenue of the aluminum fishing boats market negatively.

Request Sample Report @https://www.alliedmarketresearch.com/request-sample/17384

The deep-V boat segment to maintain its lead position throughout the forecast period

Based on boat type, the deep-V boat segment contributed the highest share in 2021, accounting for nearly three-fourths of the global aluminum fishing boat market, and is expected to maintain its lead position throughout the forecast period. Moreover, this segment is projected to witness the largest CAGR of 7.7% from 2022 to 2030. This is due tothe efficiency provided by them, with which, it is possible to go into shallow seas and calm waters. The report also analyzes the segments including bass boat, multi-species boat, and others.

The 14–16 feet segment to maintain its lead position throughout the forecast period

Based on size, the 14–16 feet segmentcontributed the highest market share in 2021, accounting for nearly three-fifths of the global aluminum fishing boat market, and is expected to maintain its lead position throughout the forecast period. Moreover, this segment is expected to witness the fastest CAGR of 7.9% from 2022 to 2030. This is attributed tolightweight nature and the strength that enables them to carry multiple people.The report also analyzes the segments including16 feet.

North America to maintain its dominance in terms of revenue by 2030

Based on region, North Americaaccounted for the highest market share in terms of revenue in 2021, holding more than two-fifths of the global aluminum fishing boat market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to massive fishing activities at coastal regions and surge in aluminum boats for freshwater fishing.However, Asia-Pacific is estimated to register the fastest CAGR of 8.0% during the forecast period, owing torise in fishing and aquaculture industries along with recreational activities such as boating in the region.

For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/17384

Leading 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

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Fish Hunting Equipment Market Opportunity Analysis and Industry Forecast, 2022-2029

Fishing Reels Market Opportunity Analysis and Industry Forecast, 2021-2031

Fishing Equipment Market Opportunity Analysis and Industry Forecast, 2021-2027

Lifeboat Market Opportunity Analysis and Industry Forecast, 2022-2029

Jellyfish Tank Market Opportunity Analysis and Industry Forecast, 2021-2030

About Us:           

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:      

David Correa                                         

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow Us on: LinkedIn  | Twitter

Logo: https://breaktimenews.co.uk/wp-content/uploads/2022/07/Allied_Market_Research_Logo.jpg


Like it? Share with your friends!

0