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Fishing Boat Charter - Industry Market Research Report

  • June 2016
  • 31 pages
  • Ibisworld
Report ID: 2853840

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



Abstract

Fishing Boat Charter

Over the past five years, the Fishing Boat Charter industry struggled to recover from the recession. As the economy improved, incomes increased and spending on recreational activities climbed. However, while a growing economy did increase demand for industry services, its fragile condition caused consumers to shun discretionary spending for activities such as paying for boat charters, limiting revenue growth. In the next five years, industry revenue is expected to finally surpass prerecession levels. Incomes will rise and small and medium businesses will fare better than the past five years. Nonetheless, the industry is projected to face stiff competition form other forms of recreation, threatening demand.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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