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Fishing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Fishing Market Research Report | NAICS 11411 | Sep 2013

On the hook: Exports and overfishing prevention will determine industry success

IBISWorld’s Fishing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 08-13
6.3%
Annual Growth 13-18
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Profit
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Employment
80,845
Businesses
70,853
Industry Analysis & Industry Trends

Casting a net

In the long term, the industry will benefit from measures taken to prevent overfishing, such as the license buyback scheme. This scheme will have broad ranging implications for industry revenue. It may reduce the number of establishments given the paucity of licenses, but it also may allow larger catches with fewer operators, increasing economies of scale and possibly make those companies that remain more profitable... purchase to read more

Industry Report - Starting a New Business Chapter

The Fishing industry's medium level of barriers to entry indicates a practice that, while accessible to moderately capitalized investors, does pose some logistical and financial hurdles. Like agricultural pursuits, a fair degree of success depends on natural factors like weather that are out of an operator's control. In this way, an individual's personal know-how and expertise can make the difference between breaking through the following barriers and being broken by them. IBISWorld analysis reveals that licensing, fish availability, tariffs and capital costs pose the most important barriers to entry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Fishing Industry?

Firms in this industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and firms that realize the bulk of their revenue through fish processing are also excluded.

Industry Products
ShellfishFinfishOther species
 
Industry Activities
Catching finfishCatching shellfishCatching other marine species


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