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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 | Jul 2015

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
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 10-15
3.1%
Annual Growth 15-20
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Profit
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Employment
70,857
Businesses
68,666
Industry Analysis & Industry Trends

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 may also 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 - Industry Key Buyers Chapter

Most participants in this industry are relatively small nonemploying firms. As such, industry concentration is very low. About 97.0% of establishments are also separate enterprises, and the average firm officially employs just one person. Fisheries management policies that restrict the number of operators issued commercial fishing licenses have increased concentration. Likewise, the limited availability of licenses spurs competition in the industry.

Greater government regulation could increase concentration. For example, a reduction in the number of vessels permitted into a particular fishery would allow remaining incumbents to increase their share of the annual catch... 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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