A recent study predicts that between 2022 and 2032, the global market for boat hooks would grow at a CAGR of 3 to 5 %.
The need for boat hooks is anticipated to expand as boating activities increase as a result of more people using recreational boats.
A boating accessory is a boat hook. Its primary function is to aid in docking and undocking. Although it might look like a pike pole, it needs a hook for docking and a blunt point for undocking. For this purpose, it may also have a line attached to the other end, which may be equipped with a ring.
Numerous modifications have been made to the basic boat hook to maximize its usefulness. Boaters can easily and safely attach a line to dock cleats, ringed mooring buoys, and mooring rings thanks to many of them.
Boat adoption is accelerating due to rising interest in marine leisure sports and activities, particularly among younger age groups. It is anticipated that this will increase demand for boat hooks.
Customers’ disposable income has increased, and they are more interested than ever in marine tourism and leisure pursuits like sailing, motorboating, yachting, and others. Additionally, cruise excursions are suffering the effects of the fast-growing adventure tourism industry.
Additionally, a lot of cruise lines are making investments in land-based private islands, enabling them to offer their customers exclusive beach time as an add-on to their experience aboard. As a result, boat hook demand will increase.
Key Players –
- Davis Instruments,
- Shurhold Industries,
- Henssgen Hardware,
- Samco Sales, Inc.,
- Shang Hai Orange Metal Products Co., Ltd.,
- DEYUAN MARINE CO., LTD., Decorstainless International Co., Ltd.
- Zhenjiang Longyear Marine Equipment Co., Ltd.,
- Lexco Cable Manufacturers,
- Wichard, Inc.,
- C. Sherman Johnson Co., Inc.,
- Batz Corporation and others.