Fishing Boats Market to Grow with a CAGR of 8.20% through 2030
Rising seafood consumption, advancements in vessel
technology, and increasing investments in sustainable fishing infrastructure
are the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Fishing Boats
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Global Fishing Boats Market was valued at USD 1.85 Billion in 2024 and is
expected to reach USD 2.97 Billion by 2030 with a CAGR of 8.20% during the
forecast period.
The global fishing boats market is evolving due to a
combination of increasing demand for sustainable seafood, advancements in boat
engineering, and the need for fleet modernization to meet stricter
environmental standards. Growing consumer interest in both wild-caught and
farmed fish is prompting commercial fisheries to invest in more efficient and
eco-friendly vessels. Meanwhile, recreational fishing activities have also
surged, driving demand for high-performance boats for leisure use. In addition,
technological developments in vessel automation, GPS navigation systems, and
real-time fish tracking systems are improving the efficiency of fishing
operations.
New developments in fishing boats include the rise of hybrid
and fully electric boats designed to minimize environmental impact. These
innovations, which reduce fuel consumption and carbon emissions, align with the
global push for greener maritime industries. The introduction of smart boats
equipped with advanced sensors, AI-driven analytics, and automated features
also enhances operational effectiveness, making fishing more sustainable and
cost-effective. Furthermore, boat manufacturers are focusing on incorporating
lightweight materials, increasing durability, and enhancing fuel efficiency,
while also addressing issues like noise reduction to preserve marine life.
Regional disparities are shaping the fishing boats market as
different areas focus on either boosting industrial-scale production or
catering to the recreational segment. In developed markets, there is an
emphasis on upgrading fleets to comply with stringent environmental
regulations, while developing nations are focusing on expanding their fisheries
industries with smaller, cost-effective boats. Despite the market’s growth,
rising costs associated with raw material prices, such as steel and fiberglass,
and labor shortages in key manufacturing regions present challenges to
operators.
The market also faces ongoing challenges related to
overfishing and the depletion of fish stocks, which require more advanced and
sustainable fishing practices. Furthermore, the global fishing boats market
must adapt to the increasing pressure from regulations aimed at reducing marine
pollution, necessitating investments in cleaner, more efficient technologies.
Despite these hurdles, innovation and the development of efficient,
eco-conscious technologies are expected to keep driving the global fishing boats
market forward.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on "Fishing Boats Market"
Fishing Boats Market Is Segmented by Foil Type, Size,
Propulsion, and By Region.
In 2024, the hybrid propulsion segment emerged as the
fastest-growing category in the global fishing boats market. This surge is
primarily driven by escalating environmental concerns, stringent emission
regulations, and advancements in battery technology. Hybrid systems, which
combine traditional internal combustion engines (ICE) with electric motors,
offer a compelling solution by reducing fuel consumption and lowering
emissions. The integration of lithium-ion batteries and regenerative braking
systems has enhanced the efficiency and appeal of these vessels. Governments
worldwide are incentivizing the adoption of hybrid technologies through
subsidies and grants, further accelerating their adoption. The versatility of
hybrid boats, suitable for both commercial and recreational fishing, has
broadened their market appeal. As a result, the hybrid propulsion segment is
experiencing significant growth, positioning itself as a key player in the
sustainable fishing boat market.
North America stands out as the fastest-growing region in
the fishing boats market in 2024, particularly in the adoption of hybrid
propulsion systems. This growth is attributed to a combination of factors,
including robust governmental support, technological advancements, and a strong
consumer shift towards eco-friendly boating solutions. In the United States,
for instance, federal and state initiatives have provided substantial funding
to retrofit existing fishing fleets with hybrid systems, making the transition
more economically feasible for operators. The region's established
infrastructure and access to advanced marine technologies have facilitated the
rapid integration of hybrid propulsion into new vessel designs. As
environmental regulations become more stringent, North American fisheries are
increasingly turning to hybrid boats to ensure compliance while maintaining
operational efficiency. This confluence of regulatory support, technological
innovation, and market demand underscores North America's leadership in the
global fishing boats market.
Major Market Players Operating in Global Fishing Boats
Market Are:
- Brunswick
Corporation
- BRP
Inc.
- Yamaha
Motor Company Ltd.
- Smoker
Craft Inc.
- Correct
Craft Holding Co. LLC
- Telwater
- White
River Marine Group
- BPS
Direct LLC
- Legend
boats
- UMS
Boats
Download Free Sample Report
Customers can also request for 10% free customization
on this report.
The global fishing boats market is evolving at a rapid pace,
driven by the growing need for more sustainable, efficient, and cost-effective
solutions. As environmental concerns continue to rise, we're seeing an
increasing shift toward hybrid and electric propulsion systems. This shift is
not just about meeting regulations, but also about reducing costs in the long
term. It's an exciting time for the industry, with innovation paving the way
for more eco-friendly and high-performance fishing vessels. With strong support
from governments and advancements in technology, the market has a lot of
potential for growth in the coming years, according to Mr. Karan Chechi,
Research Director of TechSci Research, a global research-based management
consulting firm.
"Fishing Boats Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Deep-V boat, Multi species boat, Bass Boat, Others), By Size (<14 feet, 14-16 feet, >16 feet), By Propulsion (ICE, Hybrid, Electric), By Region, By Competition, 2020-2030F”, assesses the market's future growth potential and provides data on
market size, trends, and forecasts. It aims to offer comprehensive market
insights, helping decision-makers make informed investment choices. The report
also highlights emerging trends, key drivers, challenges, and opportunities in
the Global Fishing Boats Market.
Contact Us-
TechSci Research
LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com