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Commercial Fishing Vessels Market To Witness A Move In Growth By 2029, Stay Ahead of the Curve In The Competitive Landscape - Valuates Reports
A fishing vessel is a boat or ship used to catch fish in the sea, or on a lake or river. Many different kinds of vessels are used in commercial, artisanal and recreational fishing. According to the FAO, there are currently (2004) four million commercial fishing vessels. About 1.3 million of these are decked vessels with enclosed areas. Nearly all of these decked vessels are mechanised, and 40,000 of them are over 100 tons. At the other extreme, two-thirds (1.8 million) of the undecked boats are traditional craft of various types, powered only by sail and oars. These boats are used by artisan fishers.The global Commercial Fishing Vessels market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Commercial Fishing Vessels is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Commercial Fishing Vessels is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Commercial Fishing Vessels include Armon Shipyards, Astilleros Jose Valiña, Astilleros Zamakona, Barkmeijer Stroobos BV, Blount Boats, BOAT TRIP, Burger, Cemre Shipyard and Damen, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Segment by Type
-Fishing Trawler
-Tuna
-Longliner
-Redger
Segment by Application
-Deep Sea
-Offshore
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