In 2023, the number of fishing vessels in the US was approximately 74.3 thousand. The forecast for 2024 to 2028 indicates a gradual decline in the number of vessels, reaching 73.16 thousand by 2028. This represents a year-on-year decline of about 0.33% from 2024 onward, with a compound annual growth rate (CAGR) of a decrease of roughly 0.31% over the five-year period.
Future trends to watch for include advancements in fishing technology, potential regulatory changes, and shifts in environmental policies which could impact vessel fleet numbers significantly. Adapting to sustainability practices will be crucial for future growth.
