Global Aluminum Fishing Boat Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aluminum Fishing Boat Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rugged and versatile, an aluminum fishing boat is ideal for anglers who want to work the shallows, navigate through rock- and stump-strewn waters, or launch from a primitive or remote landing. Aluminum fishing boats come in sizes and styles suited to almost any angling situation, but their rugged construction makes them especially suited to fishing close to shore, in shallow waters, and in reservoirs, impoundments and rivers where there’s a chance of impact with stumps, rocks or the bottom.

Market Overview:

The latest research study on the global Aluminum Fishing Boat market finds that the global Aluminum Fishing Boat market reached a value of USD 1710.36 million in 2022. It’s expected that the market will achieve USD 3016.82 million by 2028, exhibiting a CAGR of 9.92% during the forecast period.

Transport impact

Affected by COVID-19, most companies selling aluminum fishing boats have changed their working hours or services. As the epidemic worsens, global cross-border logistics services and flights have been affected to a certain extent, so transportation has become a major issue. Therefore, in the short term, the aluminum fishing boat industry will be affected by COVID-19.

Labor impact

This epidemic will directly affect the manufacture of aluminum fishing boats, that is, a large number of workers cannot return to work on time, especially for small and medium-sized manufacturing companies, the situation is even worse. The leaders of aluminum fishing boats will inevitably pay more attention to smart manufacturing, less manpower and flexible production to deal with labor fluctuations.

Impacts from the long-term

The reduction in transactions caused by COVID-19 has also been extended to distribution and service channels. To mitigate these risks, aluminum fishing vessel suppliers should work closely with major raw material suppliers and service providers to ensure high quality and consistency. In the long run, as aluminum fishing vessel suppliers strengthen their supply chains, end-user needs will shift to high reliability, timeliness and convenient maintenance to reduce future risks in the construction and maintenance industry. Therefore, there are still many opportunities for aluminum fishing boats.

Rising popularity of recreational activities such as fishing and boating

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.

Environmental impact

The main factor affecting the aluminum fishing boat market is people's attention to environmental hazards caused by fishing activities. The increase in the use of aluminum fishing boats is affecting wildlife in water bodies and affecting water and soil quality. The increase in leaching of disinfectants used to clean, protect and operate ships is affecting the flora and fauna in the environment. The leaching of these disinfectants will pollute the water, make the water alkaline or acidic, and affect the survival of wild animals and plants, leading to various lethal diseases, such as mutations, cancer, birth defects and death. This may affect the development of the aluminum fishing boat market to a certain extent.

Region Overview:

In 2021, the share of the Aluminum Fishing Boat market in North America stood at 43.68%.

Company Overview:

Brunswick Corporation is one of the major players operating in the Aluminum Fishing Boat market, holding a share of 32.67% in 2022.

Brunswick Corporation

Brunswick Corporation is an American company that has been developing, manufacturing and selling various products since 1845. Today, Brunswick is famous for its rowing lifestyle brands (such as Mercury). Since the 1970s, the company has also entered the field of weapons development and manufacturing.

Smoker Craft

Smoker Craft, Inc. produces fiberglass boats, Punta boats, aluminum fishing boats, small speed boats, shipyards, shipbuilding and ship engineering design, etc. Their network of dealer support stretches across North America with the best packages and unbeatable service.

Segmentation Overview:

As for product types, the 14-20’’ segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Private, with a market share of 70.09% in 2021.

Key Companies in the global Aluminum Fishing Boat market covered in Chapter 3:

Brunswick Corporation
Alumacraft Boat
Legend Boats
Northwest Boats
White River Marine Group
Smoker Craft
G3 Boats
Correct Craft
North River Boats Incorporated
Duckworth Boats
UMS TUNA
Starcraft Marine
Skeeter
MirroCraft
Alimaweld Boats

In Chapter 4 and Chapter 14.2, on the basis of types, the Aluminum Fishing Boat market from 2018 to 2029 is primarily split into:

Below 14’’
14-20’’
Above 20’’

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aluminum Fishing Boat market from 2018 to 2029 covers:

Private
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)