Australia, New Zealand and South West Pacific Small Boats Market Research Report 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} )

During the review period, the small boat market in Australia, New Zealand, and the South West Pacific is expected to grow at a compound annual growth rate (CAGR) of 7.13%. The growing need for fishing and increased tourism activity are the main drivers of the small boat market. Despite being a niche industry, HDPE small boats are predicted to expand at the fastest rate of growth of any boat type. This increase is ascribed to increased handling capacity, strength, and longevity.

Australia is the market leader among all nations because of its greater population's interest to waterways. While fishing boats led the market in 2023 and are predicted to continue to do so in the future, commercial boats lead the market in terms of demand by type in 2023. Most boats made of PVC and HDPE are tiny, measuring less than 20 feet and carrying less than six people.

Segmentation of the Market
The market for small boats is divided into two segments based on boat types: government and commercial.
While government boats include patrol boats, research vessels, search and rescue (SAR) boats, and military small boats, commercial boats include fishing boats, tour boats, and ferry boats.
The small boat market in Australia, New Zealand, and the Southwest Pacific is divided into two segments based on size: boats under 20 feet and boats above 20 feet.
The small boat market in Australia, New Zealand, and the Southwest Pacific is divided into two segments based on seating capacity: those with fewer than six people and those with more than six passengers.
The market for small boats in Australia, New Zealand, and the Southwest Pacific region is divided into three segments based on horsepower: <=150 HP, >300 HP, and 150-300 HP.
The market for small boats in Australia, New Zealand, and the Southwest Pacific is divided into segments based on material. Fibreglass, HDPE, aluminium, and other materials (PVC).

Regional Perspectives
The report offers information on the small boat markets in Australia, New Zealand, and the Southwest Pacific by country. In 2022, the majority share was owned by Australia.The market value of small boats in Australia increased steadily between 2018 and 2022, and this increasing trend is anticipated to continue. This noteworthy compound annual growth rate (CAGR) suggests that the Australian small boat industry is expanding rapidly, probably due to favourable economic conditions and growing interest in water-related activities. Additionally, New Zealand showed a steady rise in the market value of small boats, indicating a favourable trend in the sector driven by elements like tourism and recreational boating. Both the individual and combined markets in the Southwest Pacific region are expanding rapidly. The area shows consistent growth, suggesting that the market for small boats in this region has a bright future.

Key Players
Whisky Project Group, Tideman Boats, Zodiac Milpro, Austal, Brunswick Corporation, Zodiac Nautic, Polyline, Yamba Welding & Engineering, and Naiad are important players in the small boats market.