Industry Analysis & Industry Trends
Stringent government regulations, urban sprawl and migration to cities have limited the overall growth of this industry. In addition, slow demand growth and increased competition have resulted in stagnant profitability for commercial hunters and trappers over the past five years. Consequently, operators have steadily exited this industry. Nevertheless, hunting and fishing preserves, which are attracting avid recreational hunters with strong disposable incomes, will support industry growth over the five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hunting and Trapping industry is in decline, evidenced by the decrease in hunting participation over the past 25 years, despite a moderate increase in the number of active hunters over the past five years. Industry value added, which measures an industry's contribution to the overall economy, is projected to grow at the average annual rate of 1.9% over the 10 years to 2019. US GDP is forecast to grow at the faster annualized rate of 2.7% during the same period. As a result, this industry's importance to the economy is falling, which indicates a declining industry.
The commercial trapping segment of this industry has long been in decline. Trappers were once major suppliers of fur for apparel manufacturing... purchase to read more