Fishing Boat Charter - Industry Market Research Report

Fishing Boat Charter - Industry Market Research Report

  • May 2018 •
  • 32 pages •
  • Report ID: 5103957 •
  • Format: PDF
Slow catch: Industry demand will rise, though stiff competition will limit growth

Abstract

Fishing Boat Charter
Over the past five years, the Fishing Boat Charter industry has recovered from a sharp decline that began with the 2008 recession and bottomed on in 2009. Today, growing demand from expanding per capita disposable income and rising spending on recreational activities have driven industry revenue to new highs. However, industry operators have experienced strong competition from other forms of recreation. Hiking, running and video games have all become popular alternatives to fishing, taking a share of the recreation market away from industry players. Over the next five years, accelerated economic growth is expected to cause consumer incomes to rise, enabling more people to spend money on industry services. Nonetheless, industry players are expected to continue to experience stiff competition from other forms of recreation, as well as unlicensed operators.
This industry provides charter fishing services or party fishing boat services. The services provided are usually local and involve same-day return to place of origin.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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