Aluminium Fishing Boat Market is Likely to Witness a Revenue of US$ 1.4 Billion at a High CAGR of 7.44% | 2022 to 2030

The global Aluminum Fishing Boat Market size was $1.4 billion in 2021, and is projected to reach $2.5 billion by 2030, growing at a CAGR of 7.44% from 2022 to 2030.

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Global Aluminum Fishing Boat Market Analysis

People across the world are becoming increasingly interested in outdoor and recreational activities such as fishing. People are becoming increasingly interested in fishing as a way to maintain work-life balance and reduce stress. This is due to the fact that fishing allows individuals to connect with nature, relax their bodies, and rest their minds. In 2017, roughly 49 million Americans choose the nation's waterways to engage recreational fishing activities, according to a poll done by the Recreational Boating and Fishing Foundation. The number of people participating in recreational fishing activities has also increased by 1.5% since 2016. Aluminum boats are quite popular for fishing because of their many advantages, including the fact that they are incredibly strong and inexpensive when compared to fiberglass boats, and they require less maintenance

Negatively charged aluminum metal attracts electrons from positively charged metal, making aluminum fishing boats prone to corrosion. Corrosion occurs as a result of the metal deteriorating. Furthermore, putting anti-fouling agent to an aluminum boat is more difficult than applying anti-fouling agent to a fiberglass boat, resulting in a higher cost for the boat. Aluminum fishing boats have a low long-term temperature tolerance, therefore extended exposure to extreme heat is not advised. In the coming years, these obstacles are expected to limit the size of the aluminum fishing boat industry.

Aluminum fishing boats are less expensive than fiberglass fishing boats. The Lund and Tracker aluminum fishing boats, for example, are equipped with high-end equipment to make fishing easier and cost less than $15,000. Aluminum boats can reach high speeds with smaller engines than fiberglass boats, which require massive or double engines to accomplish the same speed. These boats are highly sturdy and long-lasting. These boats are also capable of withstanding the dangers that can occur during the launching, towing, and recovery processes.

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Aluminum Fishing Boat Market, Segmentation
The global aluminum fishing boat market is segmented based on boat type, size, engine type, and region.

Boat Type:

The market has been segmented into bass boat, multi-species boat, deep-v boat, and others. The deep-v boat sub-segment is expected to have the largest market share during the timeframe. And it is expected to increase at the quickest rate throughout the forecast period. Deep-v boats are popular with anglers because they can operate easily in rough conditions and travel further offshore. Deep-v boats are easier to steer at slower speeds. The V shape design of these boats provides a superb ride experience even in stormy waves thanks to the presence of a sharp bow that cuts ahead. Deep-V boats can travel faster around the water than flat-bottom boats, which is important for activities like fishing contests.

Size:

The size segment is further divided into three categories: 16 feet. The 14-16 feet sub-segment is expected to have the largest market share in the forecast period. The 14-16 foot boat is made of heavy-gauge aluminum for ongoing strength and a safe & stable ride. For the ultimate fishing experience, these boats are ideal for walleye fishing and small lake camp fishing. For example, the Lund SSV 16 is a luxurious 16′ Canadian camp boat with a drop-in floor or a side comfort for a better fishing boat experience.

Engine Type:

The market has been classified into three categories based on engine type: 300 HP. The

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