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Fishing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Fishing Market Research Report | NAICS 11411 | May 2016

On the hook: Exports and overfishing prevention will determine industry success

IBISWorld’s Fishing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • High demand from Asian countries makes fishing an export-driven industry
  • Many fish stocks have been replenished due to preservation efforts in past decades
  • Profitability will increase due to decreases in oil prices and growth in catch volumes per fisher
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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 - Industry Investment Chapter

The cost of purchasing fishing trawlers and other equipment relative to labor costs represents a moderate level of capital intensity. The ratio is estimated to have intensified over the past five years as fishers take advantage of lower interest rates to invest in new equipment and vessels. Licensing also represents an area in which capital costs can increase relative to other pursuits. Because the number of licenses in a given region is limited, often the only way to obtain one is to purchase an existing commercial fishing operation.

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Additional Insights for the Fishing Industry

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

  • Access to technology and techniques
  • Must hold quota
  • Financial and debt management
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from seafood preparation in the Fishing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Fishing Industry?

    Operators in this industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and operators that realize the bulk of their revenue through fish processing are also excluded.

    Industry Products
    ShellfishFinfishOther species
    Industry Activities
    Catching finfishCatching shellfishCatching other marine species

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from seafood preparation
  • Price of seafood
  • Per capita seafood consumption
  • World price of crude oil
  • Current Performance
  • The importance of trade
  • Domestic demand
  • Profitability and industry landscape
  • Chart: Revenue Growth
  • Industry Outlook
  • Global and domestic demand
  • Weather-related volatility
  • Profit and participation
  • Table: Fishing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fishing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Animal Food Production
  • Seafood Preparation
  • Jewelry Manufacturing
  • Fish & Seafood Wholesaling
  • Fish & Seafood Markets
  • Key Selling Industries
  • Boat Building
  • Electronic & Computer Repair Services
  • Electronic Part & Equipment Wholesaling
  • Machinery Maintenance & Heavy Equipment Repair Services
  • Ship Building
  • Tugboat & Shipping Navigational Services
  • Products & Services
  • Shellfish
  • Finfish
  • Other species
  • Chart: Fishing Industry Products and Services Segmentation
  • Demand Determinants
  • International trade
  • Prices
  • Disposable incomes
  • Health issues
  • Major Markets
  • Exports to other countries
  • Exports to China, Japan and Korea
  • Seafood processors
  • Fish wholesalers
  • Restaurants
  • Grocery stores
  • Direct to the public
  • Chart: Major Market Segmentation for the Fishing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fishing
  • Basis of Competition
  • Access to fish
  • Seafood quality and price
  • Access to downstream markets
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fishing Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Fishing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Catch Volumes (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • Aquatic arthropods that include lobsters, prawn, barnacles, crabs and crayfish.
  • Finfish
  • True fish as opposed to mollusks and crustaceans.
  • Overfishing
  • The depletion of natural fish stocks due to large-scale fishing activity.

  • Why Buy this Report?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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