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The aluminum fishing boat market share is expected to increase by USD 551.85 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.04%.
This aluminum fishing boat market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the aluminum fishing boat market segmentation by type (bass boat, multi-species, and deep-V boat) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The aluminum fishing boat market report also offers information on several market vendors, including Bennington Pontoon Boats LLC, Bombardier Recreational Products Inc., BPS Direct LLC, Brunswick Corp., Correct Craft Holding Company LLC, Legend Boats, MirroCraft, Northwest Boats, Renaissance Marine Group Inc, Sea Ark Boats, Smoker Craft Inc., UMS Boats, White River Marine Group, and Yamaha Motor Co. Ltd. among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the aluminum fishing boat market.
Key Aluminum Fishing Boat Market Driver
Recreational fishing gaining traction is one of the key drivers fueling the aluminum fishing boat market growth. Recreational fishing is undertaken on shorelines and riverbanks and is expected to increase during the forecast period. The spending by individuals on recreational fishing has also increased considerably. In the Mediterranean region, fishing tourism is considered to be a positive strategy to address the short-term losses of marine protected areas and to provide an alternative source of income. Thus, the increasing popularity of recreational fishing among individuals will increase the sales of aluminum fishing boats and propel the growth of the market in focus during the forecast period.
Key Aluminum Fishing Boat Market Trend
Increasing marketing initiatives is one of the key aluminum fishing boat market trends propelling the market growth. Several vendors in the global aluminum fishing boat market are deploying an integrated marketing communication strategy by leveraging communication channels, such as newspapers, magazines, and social media, to sell their products. Vendors also use social media channels such as Instagram to showcase ideas on using their company's products for education and recreation. They post a variety of creative content on their Instagram channels with a focus on inspiring parents and educating and entertaining youngsters. Hence, increasing marketing initiatives is a growing trend, which is expected to propel the growth of the market during the forecast period.
Key Aluminum Fishing Boat Market Challenge
Increased overfishing resulting in stringent norms by governments is one of the factors limiting the aluminum fishing boat market's growth. Many communities worldwide depend on fishing for a livelihood, as fish forms a part of the staple diet in many countries, such as Portugal, Spain, China, and Vietnam. According to the UN Food and Agriculture Organization, in 2020, global capture fisheries production was 90.3 million tons. Of this, China contributed to the highest share of the global marine catch. Such high levels of marine fishery activities have led to the depletion of the fish stock. This, in turn, is anticipated to limit the market growth in the forecasted period.
This aluminum fishing boat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global aluminum fishing boat market as a part of the global construction machinery and heavy trucks market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aluminum fishing boat market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the aluminum fishing boat market encompasses successful business strategies deployed by the key vendors. The aluminum fishing boat market is fragmented, and the vendors are deploying growth strategies such as quality, design, and brand to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the aluminum fishing boat market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for the aluminum fishing boat market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
Continuous product developments will facilitate the aluminum fishing boat market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The regional market faced particular challenges due to the outbreak of COVID-19 in 2020. However, the lockdowns were lifted in the second half of 2020, owing to large-scale vaccination drives, which led to the resumption of fishing activities across North America. This is expected to drive the growth of the regional market during the forecast period.
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The aluminum fishing boat market share growth by the bass boat segment will be significant during the forecast period. The bass boat segment is expected to hold the highest share of the global aluminum fishing boat market during the forecast period. Bass boats are mostly used for bass fishing. Bass fishing boats are small freshwater fishing boats that range anywhere from 16 to 26 feet in length. Bass boats can be constructed from fiberglass, but boats made from aluminum are gaining popularity. Thus, their increasing popularity will boost segment growth in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum fishing boat market size and actionable market insights on the post-COVID-19 impact on each segment.
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Aluminum Fishing Boat Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.04% |
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Market growth 2022-2026 |
$551.85 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.47 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, Turkey, China, Norway, and Poland |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Bennington Pontoon Boats LLC, Bombardier Recreational Products Inc., BPS Direct LLC, Brunswick Corp., Correct Craft Holding Company LLC, Legend boats, MirroCraft, Northwest Boats, Renaissance Marine Group Inc, Sea Ark Boats, Smoker Craft Inc., UMS Boats, White River Marine Group, and Yamaha Motor Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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