Global Fishery Machinery Market - Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Fishery Machinery Market

Data Bridge Market Research analyses that the fishery machinery market will project a compound annual growth rate (CAGR) of 1.20% during the forecast period of 2021-2028. Growth and expansion of aquaculture industry globally, rising prevalence of sea food trading and rapidly increasing industry competitiveness are attributable to the growth of fishery machinery market. This means that the tree trimmers market value, which was USD 0.56 billion in 2020 will climb up to USD 0.61 billion by the year 2028.

From the name itself, it is clear that fishery machinery is the equipment that is used for the purpose of fishing. Fishing has been gaining huge popularity over the years for harvesting or raising fish. In other words, the fishery machinery is used for agriculture farming, aquaculture farming and water treatment. Fishery machinery has further facilitated the process of raising or harvesting fishes in developing economies. Fishery machinery incorporates the use of elevators and hoppers, head cutting machines, feeders, skinning machines and others.

Growing in demand for aquaponics and growing trend of smart fishing will emerge as the major factor fostering the growth of fishery machinery market. Also, rising demand for incorporating fish into daily diet owing to nutritional content in fish and growth in the demand for omega-3 fatty acids especially in the developing economies are other factors fostering the growth of fishery machinery market. Growth in the expenditure for research and development proficiencies in regards to new product launches coupled with increasing personal disposable income will further create lucrative and remunerative growth opportunities for the fishery machinery market. Growing interest for fishing in the developing economies, surging globalization and growing initiatives by the government to promote industrialization will also carve the way for the growth of the fishery machinery market.

However, the covid-19 crises are one of the major factors that will pose a major challenge to the growth of fishery machinery market. Also, food safety concerns will further slowdown the market growth rate. Also, rising environmental concerns will further derail the fishery machinery market growth rate.

This fishery machinery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fishery machinery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Fishery Machinery Market Scope and Market Size

The global fishery machinery market is segmented on the basis of product type and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Based on the product type, the fishery machinery market is segmented into elevators and hoppers, feeders, head cutting machines, filleting machines and skinning machines.
• Based on the application type, the fishery machinery market is segmented into agriculture, aquaculture, water treatment and other.

Fishery Machinery Market Country Level Analysis

The fishery machinery market is analyses and market size, volume information is provided by country by product type and application type as referenced above.

The countries covered in the fishery machinery market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America dominate the fishery machinery market and will continue to flourish its dominance during the forecast period owing to the rising focus on the advancements in fishery machinery coupled with surge in the trend of aquaculture farming. Asia-Pacific region is undergoing substantial gains and the region is set to project the highest CAGR for the forecast period owing to the rapid adoption of innovative and advanced technological solutions for aquaculture farming.

The country section of the fishery machinery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Fishery Machinery Market Share Analysis

The fishery machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fishery machinery market.

The major players covered in the fishery machinery market report are Buck's Bags Inc., Bass Pro Shops, Pure Fishing, Inc., AFTCO, Aarcom International, Arenco AB, GEA Group Aktiengesellschaft, KM Fish Machinery A / S, Marel, BAADER, Norfab Equipment Ltd., Xylem., Aquaculture Equipment Ltd, Aquaculture System Technologies, LLC., luxsol.ru, PIONEER GROUP, CPI Equipment Inc., ASAKUA, frea-Solutions.com, Lifegard Aquatics, Tan International Ltd, Reef Industries, Inc., Aquafarm Equipment AS, Aquaculture of Texas, Inc. and AKVA group among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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