Slow catch: Industry demand will rise, though stiff competition will limit growth

Over the past five years, the Fishing Boat Charter industry has recovered from a sharp decline that began with the 2008 recession and bottomed on in 2009. Today, growing demand from expanding per capita disposable income and rising spending on recreational activities have driven industry revenue to new highs. However, industry operators have experienced strong competition from other forms of recreation. Hiking, running and video games have all become popular alternatives to fishing, taking a share of the recreation market away from industry players. Over the next five years, accelerated economic growth is expected to cause consumer incomes to rise, enabling more people to spend money on industry services...purchase to read more.

Industry Statistics & Market Size
Revenue
$371m
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
5,143
Businesses
3,107
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rapid economic growth will cause consumer incomes to rise, boosting industry demand
  • Demand for the industry has been reduced by strong competition from other recreational activities
  • Consumers with more discretionary income will serve as a boon to the industry
  • Industry Report - Starting a New Business Chapter

    Barriers to entry for the Fishing Boat Charter industry are low and steady. While boat maintenance can be costly, a large portion of industry operators are considered to be owner-operators and typically only operate one vessel. Therefore, they usually cater to parties averaging about six individuals per trip. Other costs include fishing equipment, such as rods, reels, bait, tackle, electronics (e.g. sonar), and other equipment that serves to provide consumers with the most comprehensive fishing experience. These items, however, vary with the environment industry operators wish to specialize in, as well as the type of fish that these operators wish to exploit for their consumers. For...purchase to read more.

    Additional Insights for the Fishing Boat Charter Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fishing Boat Charter Industry are

  • Adhering to all relevant environmental regulation
  • Proximity to key markets
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as External competition and Per capita disposable income in the Fishing Boat Charter industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Fishing Boat Charter Industry?

    This industry provides charter fishing services or party fishing boat services. The services provided are usually local and involve same-day return to place of origin.

    Industry Products
  • Inshore/coastal fishing
  • Offshore fishing
  • Tournament fishing
  • Commercial fishing
  • Industry Activities
  • Deep sea boat charter
  • Coastal boat charter
  • Fresh water boat charter
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • External competition
  • Per capita disposable income
  • Total recreation expenditure
  • Time spent on leisure and sports
  • World price of crude oil

  • Current Performance
  • Fishing for demand
  • Profit and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand grows
  • Profit and other trends
  • Table: Fishing Boat Charter Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fishing Boat Charter Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tour Operators
  • Hotels & Motels
  • Tourism
  • Consumers

  • Key Selling Industries
  • Boat Building
  • Gasoline & Petroleum Wholesaling
  • Marinas
  • Navigational Instrument Manufacturing
  • Sporting Goods Wholesaling

  • Products & Services
  • Offshore fishing
  • Inshore/coastal fishing
  • Commercial fishing
  • Other
  • Tournament fishing
  • Chart: Fishing Boat Charter Industry Products and Services Segmentation

  • Demand Determinants
  • Price
  • Accessibility to fish
  • Leisure time and recreation
  • Weather

  • Major Markets
  • First-time novice
  • Regular advanced
  • First-time intermediate
  • Chart: Major Market Segmentation for the Fishing Boat Charter Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fishing Boat Charter

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fishing Boat Charter Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fishing Boat Charter Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fishing Boat Charter Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Demand from fishing (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Boat Charter
  • The reservation of a boat by individual or group.
  • Fishfinder
  • A device using sonar impulses to map out seabeds and wreckage; also used to locate fish populations.
  • Transducer
  • Device that emits sonar impulses. Typically located under the boat an always submerged underwater.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Fishing Boat Charter can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fishing Boat Charter:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fishing Boat Charter market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fishing Boat Charter, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear