Why Dynamics of Aluminum Fishing Boat Market Is Changing Drastically? What If History Is Any Guide?
Pune, New York, USA, November 25 2020 (Wiredrelease) Research Dive :The COVID-19 pandemic is foreseen to impact the global aluminum fishing boat market is a pessimistic way. Multi-species boat type will rise with healthier rate of revenue in the global market share. 16-feet size boat segment is foreseen to garner a considerable amount of the global market share. 200-300 HP segment will prosper with healthier rate in the forecast time period. In light to region, Europe region has dominated the global market share.
The world is facing an unpredicted change and many of the industries are experiencing thought galling situation due to the COVID-19 pandemic. The COVID-19 outbreak has negatively impacted the global aluminum fishing boat market. Rising interest for fishing among the people and increasing advantage from the consumption of seafood. In addition, aluminum boats offer advantages such as the ability to inhibit corrosion, robustness, and compatibility. These are the factors considerable for the market growth in the forecast period of time. During this coronavirus crisis situation, we are helping our clients in understanding the impact of COVID-19 on the global aluminum fishing boat market.
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Our report includes:
Investment Opportunity Analysis
Pre- Post-COVID Market Scenario
Supply Side Demand Side Impact
According to a new report published by Research Dive, the global aluminum fishing boat market is foreseen to produce revenue of $1,811.7 million by 2026, at a CAGR of 6.8% in the forecast time period from 2019 to 2026.
The global aluminum fishing boat market has been fragmented on the basis of body type, size, horse-power, and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market. As per our analysts,increased demand for fishing coupled with the growing concern among the people about sea food consumption has influenced strongly on the market growth in the forecast period.
Multi-Species Boat Segment has Dominant Market Share
Considering boat type, the overall market is bifurcated into deep-v-boat, bass boat, multi-species boat, and others. Among these, multi-species boat segment dominated the market in the year 2018 and is expected to contribute for $222.8 million in 2026. Multi-species boats offer range of benefits such as it can be utilized in both type of water i.e., fresh and salt water.
16-Feet Segment Will Grow at a Significant Rate Throughout the Forecast Years
On the basis of size, the global aluminum fishing boat market is segmented into14-feet, 14-16-feet, and 16-feet. The market for 16-feet segment will witness to rise at a faster rate of 7.8% CAGR and is predicted to register for $568.9 million till the end of 2026. This size aluminum boat offers dual side rod storage space, large casting deck, and it can be used for shallow water.
200-300 HP Segment Will Grow at a Significant Rate throughout the Forecast Years
In view of horse power, the aluminum fishing boat market is classified into 200 HP, 200-300 HP, and 300 HP boats. The market for 200-300 HP segment will witness to rise at a faster rate of 7.9% CAGR and is predicted to register for $570.7 million till the end of 2026. 200-300 Hp boats offers more acceleration and less fuel consumption as compared to other horse power boats.
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Regional Outlook and Major Market Players
The global aluminum fishing boat market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Europe market has dominated the global market share, and is estimated to reach up to $434.8 million till 2026. Europe region has dominated global market share due to increasing freshwater boating activities. According to some publication, people give more preference for freshwater boating activity rather than sea water boating.
The most prominent players in the global aluminum fishing boat market areMercury Boats, CrestlinerNautischeUnie, Lund Boats, UMS Tuna Boats, Yamaha Motor Company, Correct Craft, White River Marine Group, Telwater, Brunswick Corporation, Smoker Craft Inc., and other.
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