0

Aluminium Fishing Boat Market Expected to Reach $2.5 Billion by 2030—Allied Market Research

 
2022
Aluminium Fishing Boat Market

Report Code : A16996

quote Growing popularity of fishing as a hobby that releases stress is expected to drive the market growth quote

Vitika Verma - Manager
Consumer Goods at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, 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.
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Aluminium Fishing Boat Market by Boat Type (Bass Boat, Multi-species Boat, Deep-V Boat, Others), by Size (<14 Feet, 14-16 Feet, >16 Feet), by Engine Type (<200 HP, 200-300 HP, >300 HP): Global Opportunity Analysis and Industry Forecast, 2021-2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample

Buy Full Version
"Aluminium Fishing Boat Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers