North America to Grow Significantly in Bass Boat Market During Forecast Period 2020-2030

Demand for Bass Boat to Accelerate on Back of High Power Engine

Bass boat is specifically designed for fishing in the freshwaters such as lakes, rivers, and streams. These boats are powered by an outboard motor primarily used for bass fishing. Bass boat has a high horsepower-to-weight ratio ranging up to 300 HP which improves the performance on the water and widens its scope for competitive & professional angling activities. Further, the availability of bass boat in various sizes coupled with its lightweight and extensive range of power makes it a preferred choice for freshwater fishing. Such factors are encouraging the sales of bass boat globally.

However, bass boat has a higher maintenance cost owing to its high power engine which further increases the operational cost as its consumes more fuel than other boats. This, in turn, might restrict the growth of the market in the near future. Moreover, bass boat is equipped with swivel chairs, livewells, and coolers as standard fitting which makes it ideal for anglers to fish for a day on the water. This, in turn, is anticipated to trigger the demand for bass boat market during the forecast period.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5065

COVID-19 Impact on the Global Bass Boat Market

The outbreak of COVID-19 has presented several challenges for the boat manufacturing companies. The restrictions imposed in the manufacturing activities and volatile demand of bass boat is severely impacting the players. Further, the majority of the key market players are from North America. The production of bass boat is considerable in United States itself. Due to COVID-19 impact, the bass boat manufacturing companies are shut down, which is affecting the global sales and production of bass boat during 2020.

Moreover, disruptions in import-export due to pandemic situation have decreased the availability of raw material which is the biggest challenge for manufacturers. However, by the beginning of 2021, as the impact of pandemic is brought under control, the bass boat market is expected to gain momentum. It is estimated that, as the situation is contained, the market will regain its growth trajectory by mid-2021.

Bass Boat Market: Market Segmentation

For a better understanding, global bass boat market is being studied under boat type, application, power & region.

Based on the boat type, the Bass Boat market can be segmented as:

  • Side Console
  • Dual Console
  • Others

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5065

Based on the application, the Bass Boat market can be segmented as:

  • Bottom Fishing
  • Sports Fishing
  • Recreational Fishing
  • Others

Based on the power, the Bass Boat market can be segmented as:

  • Less than 100 HP
  • 100-200 HP
  • Above 200 HP

Read More Trending Reports of Fact.MR-

http://www.globenewswire.com/en/news-release/2019/06/18/1870362/0/en/Electric-and-Solar-Chemical-Injection-Pumps-Witness-Strong-Surge-in-Sales-as-Energy-Efficiency-Continues-to-Take-the-Center-Stage-Fact-MR-Study.html

Based on the region, the Bass Boat market can be segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa (MEA)

Regional Analysis: North America to Grow Significantly in Bass Boat Market

The National Marine Manufacturers Association (NMMA) has estimated a strong growth of boat sales in the USA, which in turn, is expected to propel the growth of bass boat market in the region. Moreover, bass boat are highly used in freshwater and more than 60% of the fishing in USA is done in freshwater which strengthens the demand for bass boat market. Such positive demand for fishing boat in the region is foreseen to strengthen the demand for bass boat, thereby offering lucrative opportunities for the bass boat manufacturers.

For entire list of market players, request for TOC here – https://www.factmr.com/connectus/sample?flag=T&rep_id=5065

Further, in 2019, US registered sales of around 280,000 boats accounting for nearly 2.2% of the country’s GDP. However, US being one of the widely affected regions with COVID-19 has impacted the growth of the market as manufacturers have to halt their production. This, in turn, is poised to hinder the growth of bass boat market until the end of 2020.

Global Bass Boat Market Competitive Landscape

The bass boat market is fragmented with large number of local and regional players. Some of the players are Skeeter Performance Fishing Boats, White River Marine Group, Lowe Boats, Triton Boats, SeaArk Boats, Tracker Boats, Stratos, Ranger Boats, Xpress Boats, Stratos Boats, Starcraft Marine, Crestliner Boats, among others.

Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Landscape

Abort Gate Market, Forecast, Trend, Analysis & Competition Tracking -Global Market Insights 2020 to 2030: https://www.factmr.com/report/abort-gate-market

Modular Cleanroom Solutions Market, Forecast, Trend, Analysis & Competition Tracking- Global Market Insights 2020 to 2030: https://www.factmr.com/report/modular-cleanroom-solutions-market

Vacuum Loaders Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030: https://www.factmr.com/report/vacuum-loaders-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Leave a comment

Your email address will not be published. Required fields are marked *