Fishing Vessel Market
Fishing Vessel Market Study by Side, Stern, Eat-fish, Freezer, Factory, and Outrigger Trawler with Small Decks, Medium Decks, and Large Decks From 2025 to 2035
Analysis of Fishing Vessel Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fishing Vessel Market Outlook (2025 to 2035)
The global fishing vessel market is estimated to register revenue of US$ 1.69 billion in 2025. Demand is further forecasted to rise at CAGR of 7.4% to touch a value of US$ 3.45 billion by the end of 2035.
According to the fishing vessel industry analysis, the demand for seafood is constantly rising globally. A high number of people are including seafood in their dietary choices because these are considered one of the best protein sources. This rising consumption is creating the need for fishing vessels. Other than this, the expanding commercial fishing industry is also positively influencing the overall fishing vessel industry outlook as several countries are enhancing their marine and inland fishing activities to meet the growing export demands.
Governments in coastal countries are recognizing the economic potential of fisheries and are actively supporting initiatives that promote the development and sustainability of these sectors as part of broader economic strategies. Recent technological advancements are also playing a crucial in the fishing vessel demand growth. GPS, sonar, and automated processing technologies on modern boats not only increase operating efficiency but also increase the attractiveness of new vessels to operators.
The fishing vessel market growth is further driven by the rising deep-sea fishing and aquaculture in addition to conventional fishing methods. Larger, specialized vessels that effectively sustain offshore aquaculture farms and enable deep-sea fishing activities are becoming more necessary and popular. Overfishing in coastal areas is forcing ships to venture into deeper waters, which calls for the incorporation of high-end ship designs and technologies.
According to the Fact.MR Research :
- The market in India is evaluated to rise at a significant CAGR of 7.7% over the next ten years due to rising business opportunities. The fishing industry in India makes a substantial economic contribution and also holds the third position in the global market.
- The United States is projected to generate revenue of US$ 220.78 million in 2025.
- East Asia is estimated to account for 29.4% of the worldwide market share in 2025 due to high consumption of seafood.
| Report Attribute | Detail |
|---|---|
| Fishing Vessel Market Size (2024E) | US$ 1.69 Billion |
| Forecasted Market Value (2034F) | US$ 3.45 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.4% CAGR |
| North America Market Value (2024E) | US$ 335.5 Million |
| East Asia Market Growth Rate (2024 to 2034) | 7.1% CAGR |
| Stern Trawlers Segment Value (2034F) | US$ 782.89 Million |
| Medium Decks Segment Value (2034F) | US$ 1.81 Billion |
| Key Companies Profiled | Master Boat Builders, Inc.; Nichols Bros Boat Builders; Lund’s Fisheries; Chantier de constructions navales Martinez; Astilleros Armon; KARSTENSENS SKIBSVÆRFT A/S; Simek AS; Kleven AS; Rolls-Royce Plc.; Wartsila. |
The global fishing vessel market is being driven by an increase in both large- and small-scale fishery technology. The need for fishing boats for both large-scale and small-scale fishing is now rising due to global trends in fish catching that aim to boost overall production.
The global fishing boat industry is expanding as governments in potentially high growth countries, such as India, impose more rules to increase fishing yield. End customers in the fishing vessel market continue to make clear recommendations for renting a fishing boat rather than purchasing a new one.
This is primarily attributed to the significant cost savings that renting offers over full ownership. Although the prevalent status quo is advantageous for end users, it poses challenges in terms of higher overhead costs for manufacturers.
According to the fishing vessel industry analysis, fish reaping in a boat also incorporates gadgets for fish findings, satellite-based innovation for routes and correspondences, installed preservation, and expanded utilization of detachable motors. The rising demand for fishing equipment in fishery technology is estimated to drive the global market.
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What are the Key Growth Drivers in the Global Market?
The increasing number of large-scale as well as small-scale fishery technologies across the world is positively influencing the fishing vessel industry outlook. At present, the fish-catching trends across the world are raising the production of fish to gain more traction, which ultimately increases the demand for fishing vessels for large- and small-scale fishing.
Increasing government regulations across potentially high growth countries, such as India, for increasing fishing production is further creating bullish sentiments in the fishing vessel industry outlook. End users in the market continue to show marked references for renting a fishing vessel instead of buying a new one.
This is primarily attributed to the significant cost savings that renting offers over full ownership. Although the prevalent status quo is advantageous for end users, it poses challenges in terms of higher overhead costs for manufacturers.
What are the Key Challenges Market Players Actively Working on?
The major restraint faced by this industry is the increasing demand for eco-friendly development. Fishing boats extract more water bodies replenished short span of time. Implementation of stringent maritime regulations are hindering market expansion.
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Trends in Fishing Boats Market
There is a rise in the adoption of fish as pets by more people, which is positively impacting key trends in this market. Fish are considered convenient for maintenance and are also used as meat. The United States is home to fish pet owners, which will further widen prospects for companies.
As per the fishing vessel industry analysis, fish meat is globally popular as food and is consumed for overall health benefits. This has led to gaining attention across the globe. The fisheries production is increasing in comparison to previous years, which is promoting demand for fishing vessels globally.
The modern trawler boat builders incorporate electronic gadgets into their boats, including technology for communication and navigation. They also integrate fish identification systems and supporting machinery for monitoring and controlling gear. GPS and autopilot are two navigational aids that are used to maneuver the ship in a harbor at sea.
When partnering trawlers, radar is used to maintain the proper distance between the two boats. Furthermore, radios, marine EPIRBs, distress signals, and equipment for crew communication are all examples of communication tools.
Regional Outlook
The global market is segmented with respect to the regions, such as North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA (Middle East and Africa). The Asia Pacific region is estimated to capture more than one-third share of the global market for owing to the dominance of fish production in a year where major contributors are China, Japan, India, and Indonesia.
The fishing vessel market in Latin America also offer lucrative opportunities, which are driven by increasing fishery activities. For instance, Mexico, Brazil, Peru, Ecuador, and Chile account for 80% of the regional aquaculture of the region. Developed countries, such as the United States and European countries are substantial markets for fishing boats due to the growing demand for fishery technologies for large-scale fishing production as well as in shipyard sectors.
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Segment-Wise insights
With the growing fishery production across the world, the medium fishing vessels segment is evaluated to witness high growth over the forecast period. On the other hand, advancement in fishery technologies across the world will also aid in the expansion of the global market over the forecast period.
Competitive Landscape
Companies are strengthening their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the market globally. Prominent players in the global market are Master Boat Builders, Inc., Nichols Bros Boat Builders, Lund’s Fisheries, Chantier de constructions Navales Martinez, Astilleros Armon, KARSTENSENS SKIBSVÆRFT A/S, Simek AS, Kleven AS, Rolls-Royce plc., Wärtsilä, and others.
The global fishing vessel market is fragmented in nature owing to the presence of a large number of players in the market. The global market has lucrative opportunities for new entrants, which will cater to competitiveness in the product offerings and also leads to the reduction in prices of the products.
Segmentation of Fishing Vessel Market Research
-
By Trawler :
- Side
- Stern
- Eat-fish
- Freezer
- Factory
- Outrigger
-
By Deck Type :
- Small Decks
- Medium Decks
- Large Decks
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Trawlers
- 6.2. Deck Type
- 7. Global Market Analysis and Forecast, By Trawlers
- 7.1. Side Trawlers
- 7.2. Stern Trawlers
- 7.3. Eet-fish Trawlers
- 7.4. Freezer Trawlers
- 7.5. Factory Trawlers
- 7.6. Outrigger Trawlers
- 8. Global Market Analysis and Forecast, By Deck Type
- 8.1. Small Decks
- 8.2. Medium Decks
- 8.3. Large Decks
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Trawlers and Deck Type for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Boat Builders, Inc.
- 19.2. Nichols Bros Boat Builders
- 19.3. Lund’s Fisheries
- 19.4. Chantier de constructions navales Martinez
- 19.5. Astilleros Armon
- 19.6. KARSTENSENS SKIBSVÆRFT A/S
- 19.7. Simek AS
- 19.8. Kleven AS
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Trawlers
Table 03: Global Market US$ Mn Forecast by Deck Type
Table 04: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Trawlers
Table 06: North America Market US$ Mn Forecast by Deck Type
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Trawlers
Table 09: Latin America Market US$ Mn Forecast by Deck Type
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Trawlers
Table 12: Western Europe Market US$ Mn Forecast by Deck Type
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Trawlers
Table 15: Eastern Europe Market US$ Mn Forecast by Deck Type
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Trawlers
Table 18: Asia Pacific Market US$ Mn Forecast by Deck Type
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Trawlers
Table 21: East Asia Market US$ Mn Forecast by Deck Type
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Trawlers
Table 24: MEA Market US$ Mn Forecast by Deck Type
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Trawlers
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deck Type
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Why does this market have healthy growth potential?
The market is driven by the proliferation of both industrial and recreational fishing technology around the globe.
What is the projected growth rate for this market in the forecast period?
The market is analyzed to rise at a CAGR of 7.4% during the forecast period.
Where will manufacturers find lucrative opportunities in this industry?
East Asia is analyzed to capture 28.7% share of global market revenue by 2035.
What is the present market size of fishing vessels?
The global fishing vessel market is approximate to reach a value of US$ 1.69 billion in 2025.
What is the future market outlook for fishing vessels?
This market is forecasted to achieve a valuation of US$ 3.45 billion by 2035-end.
Fishing Vessel Market