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 - Starting a New Business Chapter
The Fishing industry's medium level of barriers to entry indicates a practice that, while accessible to moderately capitalized investors, does pose some logistical and financial hurdles. Like agricultural pursuits, a fair degree of success depends on natural factors like weather that are out of an operator's control. In this way, an individual's personal know-how and expertise can make the difference between breaking through the following barriers and being broken by them. IBISWorld analysis reveals that licensing, fish availability, tariffs and capital costs pose the most important barriers to entry.
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