COVID-19 Study: Aluminum Fishing Boat Market to Offer Lucrative Growth Prospects for Manufacturers Globally

According to a new report published by Research Dive, the global aluminum fishing boat market is predicted to harvest a revenue of $1,811.7million by 2026, at a CAGR of 6.8% in the forecast time from 2019 to 2026.

Major Market Players

The most prominent players in the global aluminum fishing boat market are,

Mercury 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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COVID-19 Impact Analysis:

The world is facing an unanticipated change and many of the industries are experiencing thought provoking situation due to the COVID-19 pandemic. The COVID-19 outbreak has negatively impacted the aluminum fishing boat market. Aluminum is widely used for manufacturing of fishing boats that are used for freshwater and rise in the prevalence of people for freshwater boating activity around the world which in turn has impacted positively on the aluminum fishing boat market. In addition, aluminum offers crucial properties such as abrasion resistance, corrosion resistance, adaptability, and robustness. Thus aluminum boats are gaining more importance for fishing in the forecast period. During this coronavirus crisis situation; we are helping our clients in understanding the impact of COVID-19 on the global aluminum fishing boat market.

Our report includes:

Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
The global aluminum fishing boat market is fragmented on the basis of boat type, size, engine type, and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market. As per our analysts, growing interest among people for freshwater boating activity and beneficial properties of aluminum for manufacturing of fishing boats are increasing adoption of aluminum fishing boats. However, aluminum boats are suitable for only freshwater boating activities which in turn are declining the growth of the market in the projected time.

Multi-Species Boat Segment has Dominant Market Share
Based on boat type, the global aluminum fishing boat market is fragmented 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 register for $222.8 million in 2026. Multi-species boats are manufactured with varying hull sizes so that they can be utilized for shallow water and moderate deep water. This is the major factor responsible for the growth of multi-species aluminum finished boat segment in the projected time frame.

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>16-Feet Size Segment Will Grow at a Significant Rate throughout the Forecast Years
On the basis of size, the global aluminum fishing boat market is classified into 16-feet. The market for >16-feet size segment will witness increased rise at a faster rate of 7.8% CAGR and is predicted to register for $568.9 million till the end of 2026. More the size of the boat more it can withstand strong waves and avoid crashing or damage of hulls or oil canning present in the modern boats.

200-300 HP Segment Will Grow at a Significant Rate throughout the Forecast Years
On the basis of horsepower (HP), the global aluminum fishing boats market is classified into300 HP. The market for >300HP 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. Aluminum finished boats with >300 HP offers minimum consumption of fuel in small scale boats.

Regional Outlook
Global aluminum fishing boat market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe region has dominated the global market share and is estimated to reach up to $434.8 million till 2026. This dominance is attributed due to the increased consumption of aluminum for manufacturing of boats and presence of major key-players such as Mercury Aluminum Boats, Crestliner, and UMS Tuna boats.

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About Us
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.