Industry Analysis & Industry Trends
Over the past five years, overall demand for industry services has remained relatively stable. While demand for fur collected from commercial trappers has continued its long-term decline, demand for hunting preserve services has increased. The Hunting and Trapping industry is expected to grow at a slower rate in the five years to 2020. Projected growth in per capita disposable income and an increase in the anticipated number of domestic trips taken in the United States are expected to bring more customers to hunting and fishing preserves, garnering these establishments a continued stable revenue stream. However, the number of active hunters is expected to continue declining... purchase to read more
Industry Report - Starting a New Business Chapter
Representing barriers to entry for prospective players in this industry are a number of legislative requirements. Hunting and game preserves are required to be licensed by their relevant state wildlife authority. The licensing process may include the payment of a fee and inspection of the property and animals. Establishments are required to have appropriate signage, disease-free animals and thorough record-keeping systems. Commercial trappers are required to use specific animal traps in their operations and usually must pass mandatory training sessions before they become certified to trap in their state.
Initial capital costs can also present barriers to entry for hunting and game preserves... purchase to read more