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} ), By Size (<=20 Feet, >20 Feet), and By Seating Capacity (<=6 passengers, >6 passengers), By Horse Power(<=150 HP,>300 HP,150-300 HP), By Material (Aluminum, Fiberglass, HDPE, Other Materials (PVC)), By Country (Australia, New Zealand, South West Pacific) –Market Forecast

Australia, New Zealand and South West Pacific Small Boats Market Overview

Australia, New Zealand, and Southwest Pacific Small Boats Market Size was valued at USD 252.0 million in 2023. The Small Boats Market industry is projected to grow from USD 271.7 Million in 2024 to USD 643.63 million by 2032, exhibiting a compound annual growth rate (CAGR) of 10.06% during the forecast period (2024 - 2032).  

Figure 1: Australia, New Zealand, And Southwest Pacific Small Boats Market Size 2018-2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Australia, New Zealand and Southwest Pacific Small Boats Market refers to the industry segment focused on the development, production, and sale of marine transport boats. Small Boats can be defined as boats that are less than 30 feet long. HDPE Small Boats are used by government and commercial applications including patrol, research, SAR, military and security, fishing, work, tour, and ferry applications. HDPE Small Boats are getting popular due to their low cost, ease of use, and portability advantages. Beyond fishing and tourism, small boats find applications in aquaculture, marine research, coastal patrol, offshore wind energy, and resource exploration, highlighting their role as crucial assets in a broader maritime shift.

As per Analyst at MRFR, “The small boats industry has seen several growth factors in recent years, fueled by increasing demand for fishing and increasing tourism attract activeness and better strength, longer life, and better handling capacity drives growth of HDPE.The integration of advanced sensors, communication systems, and surveillance equipment further enhances the appeal of small boats”.

 Small Boats Market Trends

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  Government Requirements For Small Boats

  
  

Opportunities for growth in the small boat industry are abundant, with specialized design and construction tailored to government agencies' unique needs and regional environments. Emphasis on fuel efficiency, range, manoeuvrability, and mission adaptability allows shipbuilders to tap into a diverse market. The integration of advanced sensors, communication systems, and surveillance equipment further enhances the appeal of small boats, presenting lucrative opportunities for technology companies and maritime equipment manufacturers.

Further, leveraging expertise in small boat design, Australia and New Zealand can foster regional partnerships and exports, contributing to both regional security and economic growth. Australia and New Zealand, recognizing the strategic significance of small boats, have invested significantly in their construction and deployment, fostering regional partnerships, and stimulating technological advancements that benefit the domestic shipbuilding sector.

Small Boats Market Segment Insights:

Small Boats by Boat Type Insights

By Boat Type, the Australia, New Zealand, and Southwest Pacific small boats market has been segmented into commercial and government boats. Commercial boats include Fishing Boats, Tour Boats, and Ferry Boats while Government boats include Patrol Boats, Research Vessels, Search and Rescue (SAR) Boats and Military Small Boats. Commercial boats being the majority shareholder in 2022, contributing 76% to the market revenue. .in Australia, New Zealand, and Southwest (ANZSW) is set for substantial growth between 2023 and 2032, as evidenced by the comprehensive analysis of market data during this period. The projected expansion is notable, reflecting a commendable Compound Annual Growth Rate (CAGR) of 10.06%. This growth is propelled by various factors influencing different boat types within the region.

This reflects the escalating demand for both commercial and recreational activities within the ANZSW region. Several factors contribute to this growth, including the increasing demand for commercial boat types driven by economic activity and trade volumes. Government initiatives further play a crucial role, with investments in maritime security and capabilities boosting the demand for military small boats, patrol boats, and search and rescue (SAR) boats, a trend expected to persist and enhance the overall small boats market in ANZSW.

 Small Boats by Size Insights

By size, Australia, New Zealand, and Southwest Pacific Small Boats Market has segmented into <=20 feet and >20 feet boats. The <=20 feet held the largest market share in 2023, as consumers increasingly prefer smaller and more affordable vessels for leisure activities. The driving factors behind these trends are rooted in the growing popularity of recreational boating, fishing, and water sports for the <=20 feet category, while the >20 feet category is heavily influenced by commercial applications such as ferry services and fishing. Looking ahead to 2030, the market is poised to expand to USD 502.9 million, maintaining a consistent CAGR of 9.93%, indicative of sustained demand for compact and accessible boats.

 Small Boats by Seating Capacity Insights

Based on Seating Capacity, Australia, New Zealand, and Southwest Pacific Small Boats Market is segmented into <=6 passengers and >6 passengers seating. <=6 passengers   held the majority share in 2022. These smaller boats are favored among families, and small groups engaged in various water activities. This surge is attributed to the increasing demand for smaller boats tailored to recreational users and smaller groups, reflecting a broader trend in favor of leisure activities. The >6 passengers category responds to the demand for larger seating capacities, particularly in the tourism and transportation sectors. The driving factors for these trends include the popularity of recreational boating in the <=6 passengers’ category and the influence of commercial applications in the >6 passengers’ category, responding to the demand for larger seating capacities. Challenges and opportunities are inherent in both categories, with innovations in design and market expansion through compliance and sustainability efforts presenting avenues for manufacturers to explore.

Small Boats by Horsepower Insights

By Horsepower, Australia, New Zealand and Southwest Pacific Small Boats Market is segmented into <=150 HP, >300 HP, 150-300 HP. <=150 HP held the majority share in 2022. The small boats market is poised for substantial growth in different horsepower categories, reflecting diverse consumer preferences and applications. The category of small boats with a horsepower (HP) of <=150 is anticipated to achieve a high market, driven by the increasing demand for smaller, fuel-efficient boats. This segment is projected to maintain a robust Compound Annual Growth Rate (CAGR) as well.

Small boats with a horsepower ranging between 150 and 300 serve a diverse range of applications, including recreational boating and certain commercial uses. For small boats with >300 HP, these high-performance boats cater to enthusiasts and specific commercial applications. In conclusion, the trends in small boat market value and volume by horsepower underscore the dynamic nature of consumer preferences, with sustained growth expected in each category, reflecting the diverse applications and preferences for boats across different power ranges.

Figure 2: Australia, New Zealand, And Southwest Pacific Small Boats Market, By Horse Power, 2023 Vs 2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Small Boats by Material Insights

By Material, Australia, New Zealand, and Southwest Pacific Small Boats Market is segmented into. Aluminum, Fiberglass, HDPE, and Other Materials (PVC). Aluminum held the majority share in 2022. In the dynamic Small Boats Market of Australia, New Zealand, and the Southwest Pacific region, the choice of materials plays a pivotal role in shaping the industry's trajectory. The small boats market is witnessing dynamic trends in value and volume based on the materials used for construction. The market value for aluminum-built boats is more driven by the lightweight and durable nature of aluminum. High-Density Polyethylene (HDPE) boats are valued and gaining popularity due to their durability and environmental benefits. These trends underscore the significance of material preferences in the small boats market, with each material category catering to specific consumer needs and preferences.

Small Boats Regional Insights

By Country, the study provides insights of Australia, New Zealand, and Southwest Pacific Small Boats Market. Australia held the majority share in 2022.In the Australian small boats market, the period from 2018 to 2022 witnessed consistent growth in market value, and this upward trajectory is expected to continue. This significant CAGR indicates robust expansion in the Australian small boats market, likely driven by factors such as increasing interest in water-related activities and a favorable economic environment. New Zealand also demonstrated a gradual increase in small boats market value reflecting a positive trend in the small boats industry driven by factors such as recreational boating and tourism. The Southwest Pacific region showcases robust growth in individual countries as well as in the combined market. The region displays steady growth, indicating a positive outlook for the small boats market in this geographical area.

Figure 3: Australia, New Zealand, And Southwest Pacific Small Boats Market Size By Region 2023 Vs 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

In conclusion the total market is projected to experience substantial expansion reflecting a positive trajectory for the small boats industry.

 Small Boats Market Key Players & Competitive Insights

Australia, New Zealand, and Southwest Pacific Small Boats Market is characterized by the presence of many global, regional, and local vendors. The Small Boats market has witnessed significant growth over the forecast period due to the rising demand within the fishing industry and the growing allure of tourism. There are several domestic, regional, and global players operating in the Small Boats market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Small Boats market who have contributed to the market growth. During the study, MRFR has analyzed some of the major players in the Small Boats Market who have contributed to the market growth includes Whiskey Project Group, Tideman Boats BV, Zodiac Milpro, Austal, Brunswick Corporation, Zodiac Nautic, Polyline, Yamba Welding & Engineering, Naiad.

These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Key Companies in the Small Boats Market include.

• Whiskey Project Group


• Tideman Boats


• Zodiac Milpro


• Austal


• Brunswick Corporation


• Zodiac Nautic


• Polyline


• Yamba Welding & Engineering


• Naiad

Small Boats Industry Developments

• In October 2021, Australian and American entrepreneurs have launched a new military vessel designed by veterans and capable of being integrated into military intelligence-sharing systems if the new AUKUS partnership charges ahead.


• In June 2022, Zodiac Milpro’s naval architecture and engineering consultancy, Vectis Marine Design, continues to develop its electric propulsion capability and experience for high-speed craft and small ferries. With Zodiac, Vectis is working on projects to implement electric propulsion in Milpro RIBs and inflatables.


• In May 2022, The SRA-900 OB has been labeled by the Ministry of the Armed Forces as “used by the French Armed Forces”. The French Army has always been an international reference, we are proud to provide high-performance equipment for the French forces.


• In October 2021, Australian and American entrepreneurs have launched a new military vessel designed by veterans and capable of being integrated into military intelligence-sharing systems if the new AUKUS partnership charges ahead.

Small Boats Market Segmentation:

 Small Boats Type Outlook

• Commercial
  
  
  
  • Fishing Boats
  
  
  • Tour Boats
  
  
  • Ferry Boats
  
  
  
  


• Government
  
  
  
  • Patrol Boats
  
  
  • Research Vessels
  
  
  • Search And Rescue (SAR) Boats
  
  
  • Military Small Boats
  
  
  
  

Small Boats Category Outlook

• <=20 Feet


• >20 Feet

 Small Boats Seating capacity Outlook

• <=6 passengers


• >6 passengers

Small Boats Horsepower Outlook

• <=150 HP


• >300 HP


• 150-300 HP

Small Boats Material Outlook

• Aluminum


• Fiberglass


• HDPE


• Other Materials (PVC)

Small Boats Regional Outlook

• Australia


• New Zealand


• Southwest Pacific