The global fishery machinery manufacturing Industry is on a trajectory of substantial growth, with projections indicating a rise from USD 6.37 billion in 2024 to nearly USD 10.39 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3% during this period.

Market Definition and Scope

Fishery machinery encompasses equipment utilized across various stages of the fishing process, including harvesting, processing, and aquaculture operations. Key machinery types in this sector comprise elevators & hoppers, feeders, head cutting machines, filleting machines, and skinning machines.

Drivers of Market Growth and Opportunities

Several factors are propelling the expansion of the fishery machinery manufacturing Industry:

  • Rising Consumer Awareness: There is an increasing global awareness of the health benefits associated with fish consumption, such as high-quality protein and omega-3 fatty acids, which support heart and brain health and help lower blood pressure.

  • Technological Advancements: The adoption of advanced technologies in fishery machinery is enhancing efficiency and productivity, thereby driving market growth.

  • Government Initiatives: Supportive government policies promoting industrialization and sustainable fishing practices are contributing to market expansion.

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Segmentation Analysis

 

 

By Product Type
Elevators & Hoppers
Feeders
Head Cutting Machine
Filleting Machines
Skinning Machines
Others

By End Users
Professional use
Personal use

Key players

Skaginn 3X (Iceland)
Marel (Iceland)
Optimar (Norway)
Bass Pro Shops
Mitsubishi heavy industries, ltd
Marine Harvest ASA
Yanmar Co., Ltd
Palfinger AG

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Country-Level Insights: USA and Germany

  • USA: The United States is witnessing growth in the fishery machinery market due to increasing demand for seafood and advancements in fishing technologies. The emphasis on sustainable fishing practices and government support further bolster the market.

  • Germany: In Germany, the market is driven by technological innovations and a strong focus on automation in fish processing. The country's commitment to sustainable practices and high standards in food processing equipment contribute to market growth.

Competitive Landscape

The fishery machinery manufacturing Industry is characterized by the presence of key players such as:

  • Marel: A leading company specializing in advanced equipment and systems for fish processing.

  • Marine Harvest: Known for its significant contributions to aquaculture and fish processing technologies.

  • Cermaq: Focuses on sustainable aquaculture practices and innovative machinery solutions.

  • SalMar: A prominent player in fish farming and processing equipment.

  • Austevoll Seafood: Engages in fishing, processing, and distribution, with investments in modern machinery.

These companies are investing in research and development to introduce innovative products and expand their market presence.

Conclusion

The global fishery machinery manufacturing Industry is set for robust growth, driven by increasing consumer awareness, technological advancements, and supportive government initiatives. With significant opportunities across various segments and regions, the market is poised for substantial development in the coming years.

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Key Offerings:

  • Past Market Size and Competitive Landscape (2019 to 2024)
  • Past Pricing and price curve by region (2019 to 2024)
  • Market Size, Share, Size & Forecast by Different Segment | 2025-2032
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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