On target: Although disposable incomes will rise, attracting younger hunters will be a challenge
IBISWorld’s Hunting & Trapping market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Industry Analysis & Industry Trends
The Hunting and Trapping industry is one of the oldest and smallest industries in the United States. However, with the dawn of the Conservation Movement in the late 19th century, the majority of commercial hunting activities were made illegal. As a result, this industry has been transformed from a supplier of food and clothing into one that primarily provides hunting and fishing as a recreational activity. In the coming years, 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... 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
What is the Hunting & Trapping Industry?
This industry includes commercial trappers, commercial game preserves (such as game retreats), hunting preserves, fishing preserves and game propagation companies. Hunting with the intent to sell animal carcasses is illegal according to federal law. Exceptions include the hunting of reptiles, amphibians and fish, as well as the sale of antlers, hides and other specific animal parts obtained via hunting.
Commercial trappingHunting and game preservesFishing preserves
Commercial animal trappingOperating fishing preservesOperating commercial game preservesOperating game propagation facilitiesOperating game retreatsOperating hunting preserves