PUBLISHER: Market Research Future | PRODUCT CODE: 1723649
PUBLISHER: Market Research Future | PRODUCT CODE: 1723649
Report Information on Australia, New Zealand and South West Pacific Small Boats Market Research By Boat Type (Commercial {Fishing Boats, Tour Boats and Ferry Boats} and Government {Patrol Boats, Research Vessels, Search and Rescue (SAR) Boats and Military Small Boats} ), By Size (<=20 Feet, >20 Feet), and By Seating Capacity (<=6 passengers, >6 passengers), By Horse Power(<=150 HP,>300 HP,150-300 HP), By Material (Aluminum, Fiberglass, HDPE, Other Materials (PVC)), By Country (Australia, New Zealand, South West Pacific) Market Forecast to 2032
The Australia, New Zealand, and South West Pacific Small Boats Market is expected to grow at a CAGR of 7.13% during the study period. The Small Boats market is driven by rising fishing demand and increased tourism activity. Although HDPE small boats are a niche industry, they are predicted to expand at the fastest CAGR of any boat type. This expansion is attributed to increased strength, longevity, and handling capacity.
Australia leads the market in terms of population attraction to aquatic bodies. In terms of demand by type, fishing boats led the market in 2023 and are likely to dominate the industry in the future. PVC and HDPE boats are typically smaller in size, measuring less than 20 feet and carrying less than six passengers.
Marketing Segmentation
Small Boats market is divided into two segments: government and commercial.
Commercial boats include fishing boats, tour boats, and ferry boats, whereas government boats include patrol boats, research vessels, search and rescue (SAR) boats, and small military boats.
The Small Boats Market in Australia, New Zealand, and Southwest Pacific is divided into two categories: boats under 20 feet and those over 20 feet.
The Australia, New Zealand, and Southwest Pacific Small Boats Market is divided into two segments based on seating capacity: <6 passengers and >6 passengers.
The Australia, New Zealand, and Southwest Pacific Small Boats Market is divided into three segments based on horsepower: <=150 HP, >300 HP, and 150-300 HP.
The Small Boats Market in Australia, New Zealand, and the Southwest Pacific is classified by Material. Aluminium, fibreglass, HDPE, and other materials (PVC).
Regional insights
The report gives insights on the Small Boats Market in Australia, New Zealand, and the Southwest Pacific. In 2022, Australia held the overwhelming stake.From 2018 to 2022, the Australian small boat market experienced constant rise in market value, and this trend is likely to continue. This substantial CAGR suggests that the Australian small boat industry is expanding rapidly, most likely due to increased interest in water-related activities and a favourable economic situation. New Zealand also had a progressive increase in small boat market value, indicating a favourable trend in the small boat industry driven by factors such as recreational boating and tourism. The Southwest Pacific area is experiencing substantial growth in both individual countries and the combined market. The region is experiencing consistent expansion, indicating a promising future for the small boat market in this region.
Whisky Project Group, Tideman Boats, Zodiac Milpro, Austal, Brunswick Corporation, Zodiac Nautic, Polyline, Yamba Welding & Engineering, and Naiad are among the small boat market's prominent players.