Global Fishing Vessels Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Fishing Vessels Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Fishing Vessels Market Size and Projected Growth Rate?
The fishing vessels market has experienced solid growth in recent years. It will grow from $1.54 billion in 2024 to $1.68 billion in 2025, at a CAGR of 8.7%. The growth is attributed to the increasing demand for fish in the HORECA (hotel, restaurant, and café) industry, growth in global trade and seafood consumption, rising fuel costs, environmental concerns, a focus on sustainable fishing, and stricter government regulations.

The fishing vessels market is expected to grow significantly, reaching $2.31 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. This growth is driven by a heightened focus on deep-sea fishing, increasing fishing production, the launch of new fishing vessels, safety concerns for crews, and rising competition among fishing companies. Key trends include technological advancements, innovations in trawler design, smart vessel design, improvements in routing systems, and advancements in fishery technologies.

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What Are the Major Segments in the Fishing Vessels Market?
The fishing vessels market covered in this report is segmented -

1) By Type: Below 14 Feet, 14-16 Feet, Above 16 Feet
2) By Deck Type: Large Decks, Medium Decks, Small Decks
3) By Trawlers: Freezer Trawlers, Wet-Fish Trawlers, Side Trawlers, Outrigger Trawlers, Factory Trawlers, Stern Trawlers
4) By Application: Commercial, Recreational Fishing

Subsegments:
1) By Below 14 Feet: Small Motorized Fishing Boats, Canoes And Kayaks For Fishing, Manual Rowing Boats, Small Dinghies For Coastal Fishing, Personal Watercraft For Fishing
2) By 14-16 Feet: Small Powerboats For Fishing, Center Console Fishing Boats, Aluminum Fishing Vessels, Trailerable Fishing Boats, Family Fishing Boats
3) By Above 16 Feet: Large Motorized Fishing Vessels, Deep-Sea Fishing Boats, Trawlers And Gillnetters, Multi-Deck Fishing Vessels, Longline Fishing Boats, Commercial Fishing Boats

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What Are The Driving Fishing Vessels Market Evolution?
The growing global appetite for seafood is expected to enhance the fishing vessels market. With population growth and shifting dietary habits, seafood demand is on the rise. Fishing vessels enable the efficient capture, storage, and transport of marine food sources, playing a crucial role in sustaining fisheries and supporting coastal economies. For instance, in July 2024, the FAO's "State of World Fisheries and Aquaculture" report stated that total fisheries and aquaculture production hit 223.2 million tons in 2022, a 4.4% increase from 2020. Hence, rising seafood consumption is stimulating the fishing vessels market.

Which Firms Dominate The Fishing Vessels Market Segments?
Major companies operating in the fishing vessels market are HD Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce PLC, Fincantieri S.p.A., Wärtsilä Corporation, Damen Shipyards Group, Lerøy Havfisk AS, Vard Group, Austal Limited, Sanford Limited, Talley's Limited, Eastern Shipbuilding Group Inc., Groupe PIRIOU, Heinen & Hopman Engineering BV, Zamakona Yards, Nauta Shiprepair Yard, Master Boat Builders Inc., Karstensens Skibsvaerft A/S, Freire Shipyard, MacGregor

What Are the Major Trends Shaping the Fishing Vessels Market?
Leading entities in the fishing vessels sector are emphasizing the production of inventive products, including multipurpose fishing boats that can manage various fishing procedures effectively. A multipurpose large fishing ship is a maritime craft category designed to conduct diverse fishing activities effectively and efficiently; it is rigged to operate several kinds of fishing equipment like the trawl nets and longlines without needing extensive alterations. For instance, in November 2023, NAVANEX, a boat building firm based in Canada, unveiled a brand-new Multipurpose Large fishing vessel. The design of this ship enables it to fish throughout the year, from catching snow crab in spring to redfish during autumn and winter. It introduces an upgraded hull shape and an indented stabilizer fin system to improve flow resistance. The vessel operates on a Yanmar propulsion engine that includes a NOx exhaust gas treatment system adhering to environmental norms.

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Which Is The Largest Region In The Fishing Vessels Market?
North America was the largest region in the fishing vessels market in 2023. The regions covered in the fishing vessels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishing Vessels Market?
2. What is the CAGR expected in the Fishing Vessels Market?
3. What Are the Key Innovations Transforming the Fishing Vessels Industry?
4. Which Region Is Leading the Fishing Vessels Market?

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