Fishing, Hunting and Trapping Market REPORT OVERVIEW
- Request a Free Sample to learn more about this report
The global fishing, hunting and trapping market size was USD 496740 million in 2021 and market is projected to touch USD 764577.9 million by 2031, at a compound annual growth rate (CAGR) of 4.1% during the forecast period.
The fishing, hunting, and trapping market is made up of businesses (organizations, sole proprietors, and partnerships) that engage in fishing (including commercial aquaculture), hunting, and trapping activities as well as the sales of products related to such activities. Processed goods like canned food and game meat are not sold in this market (after butchering). Additionally, the revenues from the 'fishing, hunting, and trapping' produce's captive (internal) consumption for further processing are not included in this market.
COVID-19 Impact: Lockdown Restrictions to Hamper Market Growth
The companies' reorganization of operations and recovery from the COVID-19 impact, which had previously resulted in restrictive containment measures involving social estrangement, remote work, and the closure of commercial activities that created operational challenges, are primarily responsible for the fishing, hunting and trapping market growth.
LATEST TRENDS
"Increasing Adoption of Fishing to Propel Market Growth"
The three main forms of fishing, hunting, and trapping are fishing, hunting, and trapping. Fishing is the activity or industry of pursuing fish. Sports fishing associations, fishing organizations, and other applications were among the many applications. Commercial fishermen may use anything from a tiny boat to a large fleet that employs daily fish-catching tactics to engage in industrial fishing. With the aid of enormous nets, trained fishermen, and equipment like trawls, dredges, hacks, carry nets, weights, and traps, commercial fishing is carried out.
Fishing, Hunting and Trapping Market SEGMENTATION
- Request a Free Sample to learn more about this report
- By Type
The market categorizes into Stainless Steel, Titanium and Others.
Based on type, Stainless Steel is the leading segment.
- By Application
The market categorizes into Upper Extremities and Lower Extremities.
Based on application, Upper Extremities is the leading segment.
DRIVING FACTORS
"Types of Fishing Activities to Propel Market Growth"
Fishing and hunting use distinct approaches. Fishing can be defined as the pursuit and capture of fish, as well as mollusks, crabs, and other aquatic animals. There are primarily two types of fishing: commercial and recreational. Commercial fishing is typically done for financial gain. Even deep into the ocean, and frequently in perilous circumstances, are pursued in the name of collecting fish.
"Technological Advancements to Promote Market Development"
Fishing companies are increasingly using fish aggregating devices (FAD) with cutting-edge technology to boost production. A FAD is a building or gadget that attracts fish. It can be composed of any material. The FAD has recently been furnished with sonar and satellite buoys for receiving accurate tracking data regarding marine animals.
RESTRAINING FACTORS
"High Prices of Raw Materials to Hamper Market Advancement"
obeying strict rules and changing values around the world, rising rivalry, inflation projected to endure above the upper band during the short term in key countries, and mutable raw material prices are some of the Fishing, Hunting and Trapping market limitations over the forecast period.
Fishing, Hunting and Trapping Market REGIONAL INSIGHTS
- Request a Free Sample to learn more about this report
"Growing Interest of Fishing to Foster Growth in North America"
North America is expected to have the largest fishing, hunting and trapping market share. This is due to the great importance of leisure fishing as an American habit is growing the admiration of this activity. According to the American Sportfishing Association (ASA), the sum of anglers in the U.S. outstrips the population of every U.S. state. In addition, anglers devote more on fishing equipment and trips in association to what they spend on Valentine’s Day, Easter, and Halloween, according to the report.
KEY INDUSTRY PLAYERS
"Key Market Players to Emphasis on Product Enhancement"
All the prominent market players are highly expected to focus on enhancing product quality and standards which will help in increasing consumer attention. Moreover, new technologies will be adopted and incorporated into the current working style to stay up to date with the latest demands of consumers around the world.
List of Market Players Profiled
- Legacy Anglers (U.S.)
- Keep America Fishing Organization (U.S.)
- NASGW (U.S.)
- NRA (U.S.)
REPORT COVERAGE
This market research report effectively covers all essential features of the external fixation products market such as restraining factors, driving factors, latest market trends, COVID-19 impacts during the forecast period of 2022-28. Brief descriptions about the major industry faces have also been given. Furthermore, market segmentation, on the basis of type, application and region is also described in detail. This report guarantees to outlay all the crucial market aspects that are thoroughly studied and monitored by our experts which will be proved as a powerful tool for several market players, stakeholders, and other participants.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 496740 Million in 2021 |
Market Size Value By |
US$ 764577.9 Million by 2031 |
Growth Rate |
CAGR of 4.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is the Fishing, Hunting and Trapping market expected to touch by 2031?
The global fishing, hunting, and trapping market is expected to touch USD 764577.9 million by 2031.
-
What CAGR is the Fishing, Hunting and Trapping market expected to exhibit by 2031?
The CAGR of the Fishing, Hunting and Trapping market is expected to be 4.1% by 2031.
-
Which are the driving factors of the Fishing, Hunting and Trapping market?
Types of fishing activities and technological advancements are the driving factors of the Fishing, Hunting and Trapping market.
-
Which are the top companies operating in the Fishing, Hunting and Trapping market?
Legacy Anglers, Keep America Fishing Organization, NASGW, NRA are the companies operating in the Fishing, Hunting and Trapping market.