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... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hunting and Trapping industry is in the declining stage of its life cycle, evidenced by a decrease in new hunting participation over the past two decades and sluggish increase in revenue in recent years. Industry value added, which measures an industry's contribution to the overall economy, is projected to grow at an annualized rate of 1.6% over the 10 years to 2022. In contrast, US GDP is forecast to grow at an annualized rate of 2.0% during the same period, indicating that the industry's share of the US economy is shrinking.
The commercial trapping segment of this industry has long been in decline. Trappers were once major suppliers of fur for apparel manufacturing. However, today as much as 85.0% o.. purchase to read more