Aluminum Fishing Boat Market is Likely to reach an estimated value of US$ 1741.4 million in 2024 – openPR

Stratview Research has launched a new research report on Aluminum Fishing Boat Market. Published on Jan,2019 this 210-page report segments the market in four ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Boat Type (Deep-V Boat, Bass Boat, Multi-Species Boat, Others),
 Size Type (16 Feet Fishing Boats),
 Engine Type (300 HP),
 Region
 North America (Country Analysis: The USA, Canada, and Mexico)
 Europe (Country Analysis: France, Germany, the UK, Russia, and Rest of Europe)
 Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)

 Rest of the World (Country Analysis: The Middle East, Latin America, and South Africa)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aluminum Fishing Boat Market.

Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 – 2024

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Aluminum fishing boat market to reach US$ 1,741.4 million

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 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.

Deep-V boat to remain the growth engine

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.

North America to remain the largest 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. 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.

Key Strategies

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.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major aluminium fishing boat companies – Brunswick Corporation, White River Marine Group, Bombardier Recreational Products Inc. Correct Craft, Smoker Craft Inc., and Yamaha Motor Company Ltd.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. 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.

Research Methodology
This report studies the Aluminum fishing boat market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of –
 Extensive secondary research,
 Rigorous primary interviews with more than 14 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Consumer Goods industry. Please refer to the following link to browse through our reports:

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This release was published on openPR.


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