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Aluminum Fishing Boat Market Report

RA00067

Aluminum Fishing Boat Market, by Boat Type (Bass Boat, Multi-species boat, Deep-V boat, Others), Size of Fishing Boat (<14 feet, 14-16 feet, >16 feet), Engine Type (<200 HP, 200-300 HP, >300 HP), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00067

Pages: 180

Feb 2020

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Global Aluminum Fishing Boat Market Analysis 2026:

Global aluminum fishing boat market forecast will surpass $1,879.5 million by 2026, increasing from $1,069.7 million in 2018, at a CAGR of 7.3%. North America market is predicted to rise at a CAGR of 5.6% by generating a revenue of $612.7 million by 2026. Europe market is anticipated to account for $451.1 million by 2026.

Aluminum boats are being constructed using the shipbuilding welding technology, resulting in enhanced quality. Aluminum offers about 10 times the shear strength compared to fiberglass, along with lifetime hull warranty and longevity. These boats have certain advanced features such as improved fuel economy, high speed and are more robust.

Aluminum Fishing Boat Market Drivers:

Rising popularity of recreational activities such as fishing and boating are one of the key aluminum fishing boat market trends

Increasing demand for fishing globally along with rise in awareness about the health benefits associated with seafood such factors are anticipated to boost the global aluminum fishing boat market. Also, aluminum fishing boats offer advanced features such as long shelf life, durability, customization and environment-friendliness. In addition, extensive growth in the popularity of outdoor activities, such as boating and fishing, across the globe are significant factors for the growth of aluminum fishing boat market. Moreover, the sudden availability of less expensive aluminum in the market has helped consumers to use these fishing boats since they are lighter in weight, more durable and maintenance-free. With new designs and features, aluminum fishing boats are more prominent for fresh water fishing market that is eventually anticipated to boost the global market, over the forecasted period. 

Market Restraints:

Substitutes such as fiberglass fishing boats and the corrosive effect of marine water are restraining the growth of aluminum fishing boat market

However, noisy aluminum boat rides and corrosion effect of saltwater on aluminum fishing boat are anticipated to restrain the growth global market. Moreover, availability of substitutes to the aluminum fishing boats, such as fiberglass boats, is projected to decline the growth of fishing boat market.

Opportunity Analysis and Industry Forecast:

Increase in recreational outdoor activities will provide significant investment opportunities for the growth of global market

Marine manufacturers are focusing more on offering new aluminum fishing boats such as cuddy cabin boats and pontoon boats that will attract consumers. Moreover, growing popularity for outdoor activities such as watersports and fishing are expected to create enormous opportunities for the growth of the global market. For instance, as per Thom Dammrich, NMMA (National Marine Manufacturers Association) president, the recreational boating industry is expected to continue to grow extensively in 2019, bringing more customers to recreational industry, seemingly making a positive impact on the aluminum fishing boat industry.  

Aluminum Fishing Boat Market, by Boat Type

Deep-V Boat segment will generate a revenue of $1,372.1 Mn by 2026

Aluminum Fishing Boat Market, by Boat Type
 

Source: Research Dive Analysis 

On the basis of boat type, market is broadly categorized into Deep-V boat, multi-species boat, bass boat, and others. Deep-V boat is anticipated to remain the major segment of the market over the projected period. The Deep-V boat type is anticipated to grow at a healthy rate, and is forecasted to account for $1,372.1 million by 2026, rising from $785.1 million in 2018. Deep-V boats are constructed with highly advanced features such as Bluetooth-enabled stereo, sun protective top of fishing boats, torsion beam constriction and hydraulic tilt steering. In addition, an upgrade of marine electronics and corrosion-resistant saltwater trolling motors is projected to fuel the demand for Deep-V boat in aluminum fishing boat market, which is anticipated to spur aluminum fishing boat market growth. 

Aluminum Fishing Boat Market, by Size of Fishing Boat

14-16 feet segment will generate a revenue of $1,048.8 Mn by 2026

Aluminum Fishing Boat Market, by Size of Fishing Boat
 

Source: Research Dive Analysis

By size of fishing boat, the market is classified into <14 feet, 14-16 feet, >16 feet.  14-16 boat size will witness a significant growth and is anticipated to account for $1,048.8 million by 2026, with an increase from $631.1 million in 2018; these factors will help the consumer’s convenience, further impelling the growth in the global market for this segment. In addition, this boat type is highly advanced with many configurations, like a side console, dual console, and walk-through.

 Aluminum Fishing Boat Market, by Engine Type 

<200 HP segment will generate revenue of $631.1 Mn by 2026

Aluminum Fishing Boat Market, by Engine Type
 

Source: Research Dive Analysis

By Engine type, market is categorized into <200 HP, 200-300 HP, >300 HP. By Engine, <200 HP Engine type aluminum fishing boat is anticipated to grow at a healthy rate, and is forecasted to account for $1,054.4 million by 2026, and is rising from $631.1 million in 2018. <200 HP provides fuel savings option for small scale fishing along with exceptional maneuverability in larger waters with rougher conditions. These types of boats provide durability and more comfort; they are mostly used for recreational activities such as fishing. 

North America Aluminum Fishing Boat Market 2026:

North America market will reach up to $612.7 million by the end of 2026

Aluminum fishing boat market share for North America is anticipated to rise at a CAGR of 5.6% by generating a revenue of $612.7 million by 2026. This region is significantly dominated by the aluminum fishing boat market. For instance, in the U.S, around 34% of the total population takes part in recreational boating activities annually. Moreover, the market size of aluminum fishing boat market is dominated due to intriguing boat technology advancements, rising disposable income across the U.S. and Canada, significant development and impact of tourism, expanded boat size, improving efficiency of boat engine. Above mentioned factors are creating demand for recreational boating. And, this demand further fosters the market throughout the forecasted period. 

Europe Aluminum Fishing Boat Market Overview 2026:

Europe will have enormous opportunities for market investors to grow over the coming years

The aluminum fishing boat market size for Europe is projected to experience substantial growth; this market has generated revenue of $233.2 million in 2018 and is anticipated to account for $451.1 million by 2026. European countries such as Italy, Germany, France, and UK have significant recreational boating markets; This is positively impacting the demand for aluminum fishing boats. Additionally, Extensive growth in coastal tourism and maritime makes a huge addition in the development of Europe market. 

The Asia-Pacific region is anticipated to foresee massive growth in the aluminum fishing boat market. Developing economy coupled with developing enthusiasm towards boat riding is expected to drive the aluminum fishing boat market in this region. Rising disposable income in countries such as China, Korea, and India is expected to create a demand for outdoor recreational activities, significantly impacting the market. 

Key Participants in Global Aluminum Fishing Boat Market:

Product development and joint ventures are the most common strategies followed by the market players

Key Participants in Global Aluminum Fishing Boat Market
 

Source: Research Dive Analysis

The current top fishing boat manufacturers are Yamaha Motor Company Ltd., BRP Inc., Correct Craft, White River Marine Group, Telwater, Brunswick Corporation, Smoker Craft Inc., among others. 

The key players are adopting key strategies include collaborations, mergers & acquisitions, new product launches and geographical expansions in order to gain majority of the market share in the overall aluminum fishing boat industry. For instance, BRP (Bombardier Recreational Products) acquires Telwater to create a strong foundation to grow into marine markets. 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast Timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Boat Type

 

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

  Segmentation by Size of Fishing Boat

  • <14 feet
  • 14-16 feet
  • >16 feet

  Segmentation by Engine Type

 

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

  Key Countries Covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC, and Saudi Arabia

  Key Companies Profiled

  • Yamaha Motor Company Ltd.
  • BRP Inc.
  • Correct Craft
  • White River Marine Group
  • Telwater
  • Brunswick Corporation
  • Smoker Craft Inc.

Source: Research Dive Analysis

 

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Aluminum fishing boat market size was over $1,069.7 million in 2018, and is further anticipated to reach $1,879.5 million by 2026.

A. Yamaha Motor Company Ltd., BRP Inc., and White River Marine Group are some of the key players in the global aluminum fishing boat market.

A. Europe possesses great investment opportunities for investors to witness the most promising growth in the coming years.

A. Europe aluminum fishing boat market is projected to grow at 8.6% CAGR, during the forecasted period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. BRP Inc., and White River Marine Group are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Boat type trends
2.3. Size of fishing boat trends
2.4. Engine type trends 

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By boat type
3.8.2. By size of fishing boat
3.8.3. By engine type 

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis

3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Aluminum Fishing Boat Market, by Boat Type 

4.1. Bass boat

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Multi species boat

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Deep V boat

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

4.4. Others 

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026

5. Aluminum Fishing Boat Market, by Size of Fishing Boat

5.1. <14 feet 

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. 14-16 feet 

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. >16 feet 

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

6. Aluminum Fishing Boat Market, by Engine Type 

6.1. <200 HP

6.1.1. Market size and forecast, by region, 2018-2026
6.1.2. Comparative market share analysis, 2018 & 2026

6.2. 200-300 HP

6.2.1. Market size and forecast, by region, 2018-2026
6.2.2. Comparative market share analysis, 2018 & 2026

6.3. >300 HP

6.3.1. Market size and forecast, by region, 2018-2026
6.3.2. Comparative market share analysis, 2018 & 2026

7. Aluminum Fishing Boat Market, by Region 

7.1. North America

7.1.1. Market size and forecast, by boat type, 2018-2026
7.1.2. Market size and forecast, by size of fishing boat, 2018-2026
7.1.3. Market size and forecast, by engine type, 2018-2026
7.1.4. Market size and forecast, by country, 2018-2026
7.1.5. Comparative market share analysis, 2018 & 2026
7.1.6. U.S.

7.1.6.1. Market size and forecast, by boat type, 2018-2026
7.1.6.2. Market size and forecast, by size of fishing boat, 2018-2026
7.1.6.3. Market size and forecast, by engine type, 2018-2026
7.1.6.4. Comparative market share analysis, 2018 & 2026

7.1.7. Canada

7.1.7.1. Market size and forecast, by boat type, 2018-2026
7.1.7.2. Market size and forecast, by size of fishing boat, 2018-2026
7.1.7.3. Market size and forecast, by engine type, 2018-2026
7.1.7.4. Comparative market share analysis, 2018 & 2026

7.2. Europe

7.2.1. Market size and forecast, by boat type, 2018-2026
7.2.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.3. Market size and forecast, by engine type, 2018-2026
7.2.4. Market size and forecast, by country, 2018-2026
7.2.5. Comparative market share analysis, 2018 & 2026

7.2.6. Germany 

7.2.6.1. Market size and forecast, by boat type, 2018-2026
7.2.6.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.6.3. Market size and forecast, by engine type, 2018-2026
7.2.6.4. Comparative market share analysis, 2018 & 2026

7.2.7. UK

7.2.7.1. Market size and forecast, by boat type, 2018-2026
7.2.7.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.7.3. Market size and forecast, by engine type, 2018-2026
7.2.7.4. Comparative market share analysis, 2018 & 2026

7.2.8. France

7.2.8.1. Market size and forecast, by boat type, 2018-2026
7.2.8.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.8.3. Market size and forecast, by engine type, 2018-2026
7.2.8.4. Comparative market share analysis, 2018 & 2026

7.2.9. Spain

7.2.9.1. Market size and forecast, by boat type, 2018-2026
7.2.9.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.9.3. Market size and forecast, by engine type, 2018-2026
7.2.9.4. Comparative market share analysis, 2018 & 2026

7.2.10. Italy 

7.2.10.1. Market size and forecast, by boat type, 2018-2026
7.2.10.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.10.3. Market size and forecast, by engine type, 2018-2026
7.2.10.4. Comparative market share analysis, 2018 & 2026

7.2.11. Rest of Europe

7.2.11.1. Market size and forecast, by boat type, 2018-2026
7.2.11.2. Market size and forecast, by size of fishing boat, 2018-2026
7.2.11.3. Market size and forecast, by engine type, 2018-2026
7.2.11.4. Comparative market share analysis, 2018 & 2026

7.3. Asia Pacific

7.3.1. Market size and forecast, by boat type, 2018-2026
7.3.2. Market size and forecast, by size of fishing boat, 2018-2026
7.3.3. Market size and forecast, by engine type, 2018-2026
7.3.4. Market size and forecast, by country, 2018-2026
7.3.5. Comparative market share analysis, 2018 & 2026
7.3.6. China

7.3.6.1. Market size and forecast, by boat type, 2018-2026
7.3.6.2. Market size and forecast, by size of fishing boat, 2018-2026
7.3.6.3. Market size and forecast, by engine type, 2018-2026
7.3.6.4. Comparative market share analysis, 2018 & 2026

7.3.7. India 

7.3.7.1. Market size and forecast, by boat type, 2018-2026
7.3.7.2. Market size and forecast, by size of fishing boat, 2018-2026
7.3.7.3. Market size and forecast, by engine type, 2018-2026
7.3.7.4. Comparative market share analysis, 2018 & 2026

7.3.8. Australia 

7.3.8.1. Market size and forecast, by boat type, 2018-2026
7.3.8.2. Market size and forecast, by size of fishing boat, 2018-2026
7.3.8.3. Market size and forecast, by engine type, 2018-2026
7.3.8.4. Comparative market share analysis, 2018 & 2026

7.3.9. Rest of Asia Pacific

7.3.9.1. Market size and forecast, by boat type, 2018-2026
7.3.9.2. Market size and forecast, by size of fishing boat, 2018-2026
7.3.9.3. Market size and forecast, by engine type, 2018-2026
7.3.9.4. Comparative market share analysis, 2018 & 2026

7.4. LAMEA

7.4.1. Market size and forecast, by boat type, 2018-2026
7.4.2. Market size and forecast, by size of fishing boat, 2018-2026
7.4.3. Market size and forecast, by engine type, 2018-2026
7.4.4. Market size and forecast, by country, 2018-2026
7.4.5. Comparative market share analysis, 2018 & 2026
7.4.6. Latin America  

7.4.6.1. Market size and forecast, by boat type, 2018-2026
7.4.6.2. Market size and forecast, by size of fishing boat, 2018-2026
7.4.6.3. Market size and forecast, by engine type, 2018-2026
7.4.6.4. Comparative market share analysis, 2018 & 2026

7.4.7. Middle East 

7.4.7.1. Market size and forecast, by boat type, 2018-2026
7.4.7.2. Market size and forecast, by size of fishing boat, 2018-2026
7.4.7.3. Market size and forecast, by engine type, 2018-2026
7.4.7.4. Comparative market share analysis, 2018 & 2026

7.4.8. Africa

7.4.8.1. Market size and forecast, by boat type, 2018-2026
7.4.8.2. Market size and forecast, by size of fishing boat, 2018-2026
7.4.8.3. Market size and forecast, by engine type, 2018-2026
7.4.8.4. Comparative market share analysis, 2018 & 2026

8. Company Profiles

8.1. Yamaha Motor Company Ltd. 

8.1.1. Business overview
8.1.2. Financial performance
8.1.3. Product portfolio
8.1.4. Recent strategic moves & developments
8.1.5. SWOT analysis

8.2. BRP Inc.

8.2.1. Business overview
8.2.2. Financial performance
8.2.3. Product portfolio
8.2.4. Recent strategic moves & developments
8.2.5. SWOT analysis

8.3. Correct Craft 

8.3.1. Business overview
8.3.2. Financial performance
8.3.3. Product portfolio
8.3.4. Recent strategic moves & developments
8.3.5. SWOT analysis

8.4. White River Marine Group

8.4.1. Business overview
8.4.2. Financial performance
8.4.3. Product portfolio
8.4.4. Recent strategic moves & developments
8.4.5. SWOT analysis

8.5. Telwater 

8.5.1. Business overview
8.5.2. Financial performance
8.5.3. Product portfolio
8.5.4. Recent strategic moves & developments
8.5.5. SWOT analysis

8.6. Brunswick Corporation 

8.6.1. Business overview
8.6.2. Financial performance
8.6.3. Product portfolio
8.6.4. Recent strategic moves & developments
8.6.5. SWOT analysis

8.7. Smoker Craft Inc.

8.7.1. Business overview
8.7.2. Financial performance
8.7.3. Product portfolio
8.7.4. Recent strategic moves & developments
8.7.5. SWOT analysis

Fishing has been considered as a highly practiced occupation since ages. In the olden days, fishing used to be done using a varied range of boats including dugout canoes, rafts, reed boats, and boats built from a frame encircled with hide or tree bark. However, the invention of the aluminum boats for fishing has brought a dramatic change to the traditional methods of fishing.

Rising demand for aluminum fishing boats

Today, with growing awareness about health benefits that seafood offers, a huge crowd of people from all across the globe are considering to add seafood to their diet. Marine manufacturers and naval architects have recognized aluminum as an ideal material for building boats that are used for fishing activities. As aluminum is a lightweight material it reduces the overall weight of the boat and also enhances its speed. Apart from these advantages, it offers durability, high payloads, low maintenance cost as well as a high recycle value. Furthermore, growing acceptance for outdoor activities such as watersports and fishing are likely to expose massive opportunities for the growth of the global aluminium fishing boat industry. 

Regional lookout of the aluminium fishing boat industry

North American region is observed as a highly accountable region for developments in the aluminum fishing boat market. Nearly 34% of the total population of the U.S. participates in recreational boating activities every year. Moreover, growing innovations in boat technology, increasing disposable income across Canada and the U.S., substantial developments and growing tourism, expanded boat size, enhanced efficiency of boat engine are the factors that are responsible for the growing demand as well as popularity of recreational boating in this region. 

On the other hand, the European region is expected to observe massive opportunities for the market players to grow their business in the upcoming years. European countries including Germany, Italy, France, and the UK have very large recreational boating markets which is positively impacting the demand for aluminum fishing boats in the European regions. Moreover, significant developments in coastal tourism and naval are hugely contributing the growth of European market for aluminum fishing boats. 

Furthermore, the Asia-Pacific region is projected to experience enormous growth in the aluminum fishing boat market due to the evolving economic conditions and growing enthusiasm toward boat riding in this region. Moreover, increasing disposable income in nations including China, Korea, and India are anticipated to boost the demand for outdoor recreational activities, which will further fuel the growth of aluminum fishing boat market in this region. 

Future perspective the aluminium fishing boat market

According to a report by Research Dive, the global aluminium fishing boat market  is expected to foresee substantial growth in the next few years. It has been analyzed that the market is predicted to generate a revenue of $1,879.5 million by 2026, growing at a CAGR of 7.3% from 2019 to 2026. Moreover, the market is about to experience a growing competition among top market players including BRP Inc., Yamaha Motor Company Ltd., Smoker Craft Inc., White River Marine Group, Correct Craft, Telwater, Brunswick Corporation, and others. These players are undertaking several activities for making a strong footmark in the global market. Some of these activities include mergers & acquisitions, partnerships, new product developments, and geographical expansions. For instance, in April 2019, Bombardier Recreational Products (BRP), a company based in Canada which is focused on manufacturing vehicles acquires Telwater, which is a leading Australian company in aluminum boats. This acquisition was done with a purpose to obtain a leading position in the marine markets.

To conclude, all the statistics, information, ongoing activities, and growing demand clearly indicate that the global market for aluminium fishing boat is going to achieve newer heights in the near future. 

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