Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fishing Vessels Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Fishing Vessels Market Grow Between 2024 and 2025?
The Fishing Vessels Global Market Report 2025 indicates that the market size has significantly increased over recent years. The market is projected to grow from $1.54 billion in 2024 to $1.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%.
How Much Will the Fishing Vessels Market Be Worth in 2029?
By 2029, the global fishing vessels market is expected to grow to a size of $2.25 billion, with a compound annual growth rate (CAGR) of 7.8%.
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Which Fishing Vessels Market Drivers Are Linked to Revenue Growth?
The key drivers in the fishing vessels market are:
• Increasing focus on deep-sea fishing
• Rising production level in the fishing industry
• Launch of new fishing vessels
• Rising concerns for crew safety and well-being
Which Segments Are Expected to Grow 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
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What Are The Key Trends Impacting Growth In The Global Fishing Vessels Market?
The key trends in the fishing vessels market are:
• Technological advancements in the fishing vessels sector are emerging as a significant trend.
• Innovations related to trawler design are shaping the market future.
• The development of intelligent vessel designs is becoming a growing trend.
• Improvements in fishery technologies and innovations for routes and correspondences are upcoming trends.
Who Are the Key Competitors in the Global Fishing Vessels Market?
Major players 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
Where Is the Fishing Vessels Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the fishing vessels market in 2024
