The global fishing vessel market was valued at USD 3.32 billion in 2024. It is projected to grow from USD 3.40 billion in 2025 to USD 4.33 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.5% during the forecast period. The steady demand for seafood and increasing investments in modernizing fleets and enhancing fisheries infrastructure are contributing significantly to the market's growth.
Fishing vessels are essential for commercial fishing operations across coastal and deep-sea waters. These vessels vary by deck size, engine capacity, and trawler type, depending on the scale and purpose of fishing operations. Increasing global consumption of fish protein and investments in improving marine supply chains will likely support the expansion of this market.
Fortune Business Insights™ presents this information in a report titled, "Fishing Vessel Market Size, Share & Industry Analysis, By Deck Type (Large Decks, Medium Decks, and Small Decks), By Trawlers (Freezer Trawlers, Wet-Fish Trawlers, Side Trawlers, Outrigger Trawlers, Factory Trawlers, and Stern Trawlers), By Engine Capacity (<200 HP, 200–300 HP, and >300 HP), and Regional Forecast, 2025–2032."
https://www.fortunebusinessinsights.com/fishing-vessel-market-112873
By deck type, the large deck segment dominated the fishing vessel market in 2024, driven by rising demand for high-capacity vessels capable of carrying and processing substantial volumes of fish, particularly in offshore fishing operations. In terms of trawler type, freezer trawlers led the market due to their ability to preserve the catch for extended periods, making them ideal for distant and deep-sea fishing missions. Based on engine capacity, vessels with >300 HP held the largest market share in 2024, supported by the increasing need for high-powered engines that enable commercial-scale fishing in challenging and turbulent marine environments.