Fishery Machinery Market: Comprehensive Analysis, Trends, and Forecast (2024–2030)
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.
Introduction
What is Fishery Machinery?
Fishery machinery includes all mechanical and electronic equipment used in the harvesting, processing, and monitoring of aquatic life. These systems play a vital role in enhancing the efficiency, safety, and sustainability of global fish production—from catching wild fish to managing aquaculture farms.
Role in Global Seafood Production
With the rising demand for protein-rich diets, global seafood consumption is steadily increasing. This has necessitated the use of modern fishery equipment that reduces labor costs, increases productivity, and ensures compliance with sustainable fishing regulations.
Market Overview
Current Market Size and Growth Forecast
As of 2024, the global fishery machinery market is valued at USD 13.14 billion, and it is expected to reach USD 18.75 billion by 2030, growing at a CAGR of 6.09%. The market’s momentum is driven by a growing aquaculture industry, government support, and the transition toward sustainable fishing technologies.
Key Market Drivers
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Technological Innovation: The adoption of GPS navigation, automated netting, and remote monitoring systems is transforming traditional fishing.
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Growth in Aquaculture: Intensive aquaculture systems require specialized equipment for feeding, oxygen control, and harvesting.
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Sustainability Push: Eco-conscious consumers and regulators are encouraging fishers to adopt low-impact fishing methods.
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Global Seafood Demand: Escalating demand in emerging markets is pushing fisheries to adopt machinery that can scale production.
Market Restraints and Challenges
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High Cost of Advanced Equipment
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Limited Adoption in Low-Income Regions
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Maintenance and Technical Skill Shortages
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Environmental Impact Concerns from overfishing and habitat disruption
Market Segmentation
By Equipment Type
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Fishing Vessels: Equipped with modern navigation and sonar systems for efficient deep-sea fishing.
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Netting & Trawling Equipment: Includes mechanized nets, winches, and haulage systems to reduce labor and increase haul sizes.
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Fish Finders & Sonars: Technologies used to locate and track schools of fish, improving efficiency and reducing time at sea.
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Fish Processing Machinery: Automates cleaning, filleting, freezing, and packaging to ensure food-grade standards and efficiency.
By Application
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Commercial Fishing: Large-scale operations using advanced vessels and processing equipment.
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Aquaculture: Fish farms using aerators, automated feeders, and harvesting tools.
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Recreational Fishing: A niche segment using portable fish finders and small-scale equipment.
By End-User
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Small-Scale Fisheries: Typically lack access to modern machinery due to budget constraints.
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Industrial Fisheries: Full-scale operations investing in cutting-edge, high-efficiency systems.
Regional Insights
North America
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High demand for automated systems in both fishing and aquaculture.
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The U.S. and Canada focus on sustainable seafood production using advanced machinery.
Europe
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Norway, Spain, and Iceland are leaders in technology-driven fishing.
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EU regulations promoting low-impact fishing encourage adoption of eco-efficient machinery.
Asia-Pacific
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Largest and fastest-growing region, led by China, India, Vietnam, and Indonesia.
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Governments are subsidizing mechanization of fisheries and modernizing aquaculture infrastructure.
Latin America & MEA
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Moderate growth with rising awareness of seafood exports.
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Focus on coastal aquaculture and infrastructure development to support fishing economies.
Competitive Landscape
Top Manufacturers
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Buck’s Bag Inc.
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Aarcom
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Berkley Fishing
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AFTCO
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Garmin
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Furuno Electric
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Yamaha Marine
These companies are expanding through product innovation, sustainable product lines, and global distribution networks.
Recent Innovations and Partnerships
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AI-integrated netting systems for bycatch reduction
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IoT-based feeding and monitoring platforms
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Strategic public-private partnerships for technology deployment in emerging regions
Future Outlook
Opportunities in Sustainable Fishing
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Rising demand for traceable seafood will require digital logging and tracking equipment.
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Eco-friendly gear that reduces habitat disruption will see regulatory and commercial support.
Forecast Through 2030
By 2030, the fishery machinery market will evolve into a tech-enabled ecosystem, balancing productivity and planet-friendly practices. Opportunities lie in automation, precision fishing, and offshore aquaculture expansion.
Conclusion
The fishery machinery market is riding a wave of growth powered by global seafood demand and technological advancement. While challenges like high costs and environmental risks remain, the transition to automated, sustainable, and efficient fisheries is inevitable. Companies and countries that embrace innovation will lead the next era of blue economy development.
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