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    Aluminum Fishing Boat Market Size, Share & Forecast (2019-2024)

    Aluminum Fishing Boat Market Size, Share & Forecast (2019-2024)
    Report code - SRCG111 Published On : Jan,2019 No. of Pages: 210

    Aluminum Fishing Boat Market Size, Share, Trend, Forecast, & See more...

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    Aluminum Fishing Boat Market Insights

    Boating is one of the major outdoor participation activities, especially in the USA, alone accounting for more than 35% of the USA's total outdoor participation activities. Also, there is a growth in outdoor participation rate in the USA with boating being the most preferred activity among all. Freshwater participants are more than thrice the saltwater fishing participants. There are different types of boats designed for fishing activities in saltwater and freshwater. Aluminum fishing boats are preferably used for freshwater fishing, whereas fiberglass boats are generally used for saltwater fishing.

    Historically, there has been a wide variety of traditional materials such as steel, wood and concrete, used for the construction of hulls of fishing boats. However, all these have serious shortcomings. For instance, steel hulls are heavy and subject to rust, wooden hulls are prone to frequent leaks and rotting and are also heavy to an extent, and concrete hulls are very heavy and hard to handle. Over the past few decades, aluminum and fiberglass hulls came into picture and have started being widely used in fishing boats.

    The global aluminum fishing boat market size is projected to depict a healthy growth over the next five years to reach an estimated value of US$ 1,741.4 million in 2024. Aluminum is the most widely used material to manufacture the hull in fishing boats. Increasing new boat sales, increasing outdoor activities participants coupled with increasing number of fishing participants, and lower cost of aluminum boats than fiberglass boats are some of the key factors fueling the demand for aluminum fishing boats across regions, especially in North America.

    Aluminum Fishing Boat Market Forecast

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    Aluminum Fishing Boat Market Share Analysis

    Insights by Boat Type

    The global aluminum fishing boat market is segmented based on boat type as deep-v boat, bass boat, multi-species boat and others. Deep-V boat is expected to remain the growth engine of the market during the forecast period. Extra-wide bottom making anglers more comfortable, smoother riding experience, and excellent stability on bigger waves are the factors spearheading the demand for deep-V boats in the market.

    Regional Insights

    Based on the regions, North America is expected to remain the largest market for aluminum fishing boats during the forecast period with the USA being the growth engine. Aluminum fishing boats are majorly sold in the Northern USA region. Europe also holds a considerable share in the market with Scandinavia and Germany being the key demand generators in the region.

    Aluminum Fishing Boat Market Forecast

    Key Players

    The supply chain of this market comprises raw material suppliers, aluminum fishing boat manufacturers, distributors, dealers, and end-users. Some of the key aluminum fishing boat manufacturers are Brunswick Corporation, White River Marine Group, Bombardier Recreational Products Inc. Correct Craft, Smoker Craft Inc., and Yamaha Motor Company Ltd. Development of high-performance and valuable aluminum fishing boats, expansion of distribution network in the untapped markets, regional expansion, and formation of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Aluminum Fishing boats are lighter in weight than the fiberglass boats of the same dimensions. This makes them an easy option for convenient launching, pushing off, and maintaining it. It is also efficient in saving lesser oil due to its smaller powerplant and hence offering its contribution towards the environment.

    Aluminum Fishing Boats are not just lighter in weight but are also strong and reliable on the waves. Also, these boats are made in such a way that they also lead to much lesser noise in comparison to other fishing boat options available.

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 1,741.4 million

    Forecast

    4.2% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    US, Canada, Mexico, Germany, France, Scandinavia, Russia, Australia, New Zealand, China, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aluminum Fishing Boat Market Size, Share & Forecast by Vehicle Type:

    • Deep-V Boat
    • Bass Boat
    • Multi-Species Boat
    • Others

    Aluminum Fishing Boat Market Size, Share & Forecast by Size Type:

    • <14 Feet Fishing Boats
    • 14-16 Feet Fishing Boats
    • >16 Feet Fishing Boats

    Aluminum Fishing Boat Market Size, Share & Forecast by Inflator Type:

    • <200 HP
    • 200-300 HP
    • >300 HP

    Aluminum Fishing Boat Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Scandinavia, Russia, and RoE)
    • Asia-Pacific (Country Analysis: Australia, New Zealand, China, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This strategic assessment report, from Stratview Research, studies the aluminum fishing boat market for the trend period of 2013 to 2018 and the forecast period of 2019 to 2024 in terms of both value and units. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. This report can be decisive especially for the boating industry stakeholders for the identification of the low-hanging fruits available in the market in order to expedite their growth. 

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     


    A bird's eye view of the Aluminum Fishing Boat Market

    What will be the size of the Aluminum Fishing Boat Market in the foreseeable years?

    Driven by a number of factors like Increasing new boat sales, the aluminum fishing boat market size is projected to reach an estimated value of US$ 1,741.4 million in 2024.

    Which country/region is expected to remain the largest Aluminum Fishing Boat Market?

    Based on the regions, North America is expected to remain the largest market for aluminum fishing boats during the forecast period with the USA being the growth engine.

    Which type of boat is projected to remain dominant?

    Deep-V boat is projected to remain the most dominant boat type in the market during the forecast period.

    Who are the key players in the Aluminum Fishing Boat Market?

    Brunswick Corporation, White River Marine Group, Bombardier Recreational Products Inc. Correct Craft, Smoker Craft Inc., and Yamaha Motor Company Ltd. are among the key players in the Aluminum Fishing Boat Market.

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