AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Aluminum Fishing Boat Market by Boat, Size, Engine and Region (2019-2024): Competitive Analysis and Growth Opportunity - ResearchAndMarkets.com

March 6, 2019

DUBLIN--(BUSINESS WIRE)--Mar 6, 2019--The “Aluminum Fishing Boat Market by Boat Type, by Size Type, by Engine Type, and by Region, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

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.

Study Coverage

This strategic assessment report studies the aluminum fishing boat market for the trend period of 2013 to 2018 and the forecast period of 2019 to 2024 in terms of both value and units.

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. This report can be decisive especially for the boating industry stakeholders for the identification of the low-hanging fruits available in the market in order to expedite their growth.

Market Highlights

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.

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.

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.

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.

The supply chain of this market comprises raw material suppliers, aluminum fishing boat manufacturers, distributors, dealers, and end-users. Some of the key aluminum fishing boat manufacturers are Brunswick Corporation, White River Marine Group, Bombardier Recreational Products Inc. Correct Craft, Smoker Craft Inc., and Yamaha Motor Company Ltd. 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 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

Topics Covered

1. Executive Summary

2. Aluminum Fishing Boat Market - Overview & Market Forces
2.1. Introduction
2.2. Market Classification
2.2.1. By Boat Type
2.2.2. By Size Type
2.2.3. By Engine Type
2.2.4. By Region
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter’s Five Forces Analysis
2.9. SWOT Analysis

3. Aluminum Fishing Boat Market Analysis - By Boat Type
3.1. Strategic Insights
3.2. Aluminum Fishing Deep-V Boat Market Trend and Forecast (US$ Million and Thousand Units)
3.3. Aluminum Fishing Bass Boat Market Trend and Forecast (US$ Million and Thousand Units)
3.4. Aluminum Fishing Multi-Species Boat Market Trend and Forecast (US$ Million and Thousand Units)
3.5. Other Aluminum Fishing Boats Market Trend and Forecast (US$ Million and Thousand Units)

4. Aluminum Fishing Boat Market Analysis - By Size Type
4.1. Strategic Insights
4.2. < 14 Feet: Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)
4.3. 14-16 Feet: Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)
4.4. >16 Feet: Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)

5. Aluminum Fishing Boat Market Analysis - By Engine Type
5.1. Strategic Insights
5.2. < 200 HP: Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)
5.3. 200-300 HP: Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)
5.4. >300 HP Aluminum Fishing Boat Market Trend and Forecast (US$ Million and Thousand Units)

6. Aluminum Fishing Boat Market Analysis - By Region
6.1. Strategic Insights
6.2. North American Aluminum Fishing Boat Market Analysis
6.3. European Aluminum Fishing Boat Market Analysis
6.4. Asia-Pacific’s Aluminum Fishing Boat Market Analysis
6.5. Rest of the World’s (RoW) Aluminum Fishing Boat Market Analysis

7. Competitive Analysis
7.1. Strategic Insights
7.2. Product Portfolio Analysis
7.3. Presence by Boat Type
7.4. Geographical Presence
7.5. New Product Launches
7.6. Strategic Alliances: Mergers & Acquisitions, Joint Ventures, Collaborations, etc.
7.7. Market Share Analysis

8. Strategic Growth Opportunities
8.1. Strategic Insights
8.2. Market Attractive Analysis
8.3. Growth Matrix Analysis
8.4. Emerging Trends
8.5. Key Success Factors

9. Company Profile of Key Players
9.1. BRP Inc.
9.2. Brunswick Corporation
9.3. Correct Craft
9.4. Smoker Craft Inc.
9.5. White River Marine Group
9.6. Yamaha Motor Company Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/6cqhgc/global_aluminum?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190306005473/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Aluminum,Commercial Fishing

KEYWORD:

INDUSTRY KEYWORD: FISHING TRANSPORT MARITIME SPORTS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/06/2019 09:37 AM/DISC: 03/06/2019 09:37 AM

http://www.businesswire.com/news/home/20190306005473/en