Aluminum Fishing Boat Market by Type and Geography - Forecast and Geography 2022-2026
| Published: Sep 2022 | Pages: 121 | SKU: IRTNTR74423 |
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.
What will the Aluminum Fishing Boat Market Size be During the Forecast Period?
Download Report Sample to Unlock the Aluminum Fishing Boat Market Size for the Forecast Period and Other Important Statistics
Aluminum Fishing Boat Market: Key Drivers, Trends, and Challenges
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.
Parent Market Analysis
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.
Who are the Major Aluminum Fishing Boat Market Vendors?
The report analyzes the market’s competitive landscape and 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
- Yamaha Motor Co. Ltd.
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.
Product Insights and News
- smokercraft.com - The company offers aluminum fishing boats, such as pontoons, sports boats, and deck boats.
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.
Aluminum Fishing Boat Market Value Chain Analysis
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.
Which are the Key Regions for Aluminum Fishing Boat Market?
For more insights on the market share of various regions Request PDF Sample now!
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.
What are the Revenue-generating Type Segments in the Aluminum Fishing Boat Market?
To gain further insights on the market contribution of various segments, Request a PDF Sample
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. |
What are the Key Data Covered in this Aluminum Fishing Boat Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive aluminum fishing boat market growth during the next five years
- Precise estimation of the aluminum fishing boat market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aluminum fishing boat industry across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aluminum fishing boat market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Bass boat - Market size and forecast 2021-2026
- Exhibit 28: Chart on Bass boat - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Bass boat - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Bass boat - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Bass boat - Year-over-year growth 2021-2026 (%)
- 5.4 Multi-species - Market size and forecast 2021-2026
- Exhibit 32: Chart on Multi-species - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Multi-species - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Multi-species - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Multi-species - Year-over-year growth 2021-2026 (%)
- 5.5 Deep-V boat - Market size and forecast 2021-2026
- Exhibit 36: Chart on Deep-V boat - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Deep-V boat - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Deep-V boat - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Deep-V boat - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Turkey - Market size and forecast 2021-2026
- Exhibit 70: Chart on Turkey - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Turkey - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Turkey - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Turkey - Year-over-year growth 2021-2026 (%)
- 7.10 Norway - Market size and forecast 2021-2026
- Exhibit 74: Chart on Norway - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Norway - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Norway - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Poland - Market size and forecast 2021-2026
- Exhibit 82: Chart on Poland - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Poland - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Poland - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Poland - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Bennington Pontoon Boats LLC
- Exhibit 93: Bennington Pontoon Boats LLC - Overview
- Exhibit 94: Bennington Pontoon Boats LLC - Product / Service
- Exhibit 95: Bennington Pontoon Boats LLC - Key offerings
- 10.4 Bombardier Recreational Products Inc.
- Exhibit 96: Bombardier Recreational Products Inc. - Overview
- Exhibit 97: Bombardier Recreational Products Inc. - Business segments
- Exhibit 98: Bombardier Recreational Products Inc. - Key offerings
- Exhibit 99: Bombardier Recreational Products Inc. - Segment focus
- 10.5 BPS Direct LLC
- Exhibit 100: BPS Direct LLC - Overview
- Exhibit 101: BPS Direct LLC - Product / Service
- Exhibit 102: BPS Direct LLC - Key offerings
- 10.6 Brunswick Corp.
- Exhibit 103: Brunswick Corp. - Overview
- Exhibit 104: Brunswick Corp. - Business segments
- Exhibit 105: Brunswick Corp. - Key offerings
- Exhibit 106: Brunswick Corp. - Segment focus
- 10.7 Correct Craft Holding Company LLC
- Exhibit 107: Correct Craft Holding Company LLC - Overview
- Exhibit 108: Correct Craft Holding Company LLC - Product / Service
- Exhibit 109: Correct Craft Holding Company LLC - Key news
- Exhibit 110: Correct Craft Holding Company LLC - Key offerings
- 10.8 Legend boats
- Exhibit 111: Legend boats - Overview
- Exhibit 112: Legend boats - Product / Service
- Exhibit 113: Legend boats - Key offerings
- 10.9 MirroCraft
- Exhibit 114: MirroCraft - Overview
- Exhibit 115: MirroCraft - Product / Service
- Exhibit 116: MirroCraft - Key offerings
- 10.10 Smoker Craft Inc.
- Exhibit 117: Smoker Craft Inc. - Overview
- Exhibit 118: Smoker Craft Inc. - Product / Service
- Exhibit 119: Smoker Craft Inc. - Key offerings
- 10.11 UMS Boats
- Exhibit 120: UMS Boats - Overview
- Exhibit 121: UMS Boats - Product / Service
- Exhibit 122: UMS Boats - Key offerings
- 10.12 Yamaha Motor Co. Ltd.
- Exhibit 123: Yamaha Motor Co. Ltd. - Overview
- Exhibit 124: Yamaha Motor Co. Ltd. - Business segments
- Exhibit 125: Yamaha Motor Co. Ltd. - Key news
- Exhibit 126: Yamaha Motor Co. Ltd. - Key offerings
- Exhibit 127: Yamaha Motor Co. Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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aluminum fishing boat market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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