As governments in emerging countries, like India, enforce more regulations to maximise fishing yield, it is projected that the worldwide fishing boat business will expand. End users who are in the market for fishing boats continue to express a strong preference for renting a fishing boat over buying a new one. Renting offers huge cost advantages over full ownership, which is mostly to blame for this. The current state of affairs benefits end customers, but manufacturers have difficulties due to greater overhead expenses.
Additionally, fish harvesting in a boat includes tools for fish detection, satellite-based technology for navigation and communication, installed preservation, and increased use of detachable motors. According to estimates, the need for fishing gear will increase as fishery technology advances. The global fishing vessel market is USD 1463.87 Million in 2022. This market is expected to cross a valuation of USD 3000.28 Million by 2032. The industry is anticipated to grow with a CAGR of 7.44% in the forecast period.
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Market Players: –
- Boat Builders, Inc.
- Nichols Bros Boat Builders
- Lund’s Fisheries
- Chantier de constructions navales Martinez
- Astilleros Armon
- KARSTENSENS SKIBSVÆRFT A/S
- Simek AS
- Kleven AS
Competitive Landscape
The global players are expected to strengthen their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the market globally. Prominent players in the global market are Master Boat Builders, Inc., Nichols Bros Boat Builders, Lund’s Fisheries, Chantier de constructions navales Martinez, Astilleros Armon, KARSTENSENS SKIBSVÆRFT A/S, Simek AS, Kleven AS, Rolls-Royce plc., Wärtsilä, and other market players.
The global market for fishing boats is fragmented in nature owing to the presence of a large number of players in the market. The global market has lucrative opportunities for new entrants, which will cater to competitiveness in the product offerings and also leads to the reduction in prices of the products.
Fishing Vessel Market: Segmentations
- By Trawlers :
- Side Trawlers
- Stern Trawlers
- Eet-fish Trawlers
- Freezer Trawlers
- Factory Trawlers
- Outrigger Trawlers
- By Deck Type :
- Small Decks
- Medium Decks
- Large Decks
- By Region :
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Peru
- Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Nordic
- Russia
- East Asia
- China
- Japan
- South Korea
- South Asia
- India
- Thailand
- Indonesia
- Malaysia
- Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Iran
- Israel
- North America
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Fishing Vessel Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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