The current collapsible pot hauler uses a wooden frame, thus making much space in the working area of the fishing boat and also at this time challenging to find the best quality wood. In this study, the wood material would replace by metal; the selection of the proper material is critically needed. A suitable material means the applied material has to deal with environmental conditions. Finding the appropriate material applied to the collapsible pot hauler; can be determined using a Multi-Criteria Decision Making (MCDM) approach. After selecting the proper material, the collapsible pot hauler simulates the material stress using the Finite Element Analysis (FEA) simulation. The material for the new model of collapsible pot hauler was selected using the WSM method. The material with the highest rank (selected) is AISI 304, with a preference value of 3.58. The static strength simulation using the FEA method utilizing Solidworks Software shows that the yield strength value is still below the material properties, which a maximum value is 200 MPa, the material safety factor is the minimum value above one, which is 1.24 on the line spool plate shafts. It means that the material AISI 304 is safe to be applied to the collapsible pot hauler.