Captive Growth: Hunting and Trapping in the US Industry Market Research Report Now Available from IBISWorld

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While revenue has not significantly plummeted, the Hunting and Trapping industry remains in a state of decline. Fewer hunter numbers have been cutting into any growth, and fur demand has been diminishing. IBISWorld projects these trends to continue in the next five years. Moreover, the ethical debate of hunting for recreational purposes will gain some publicity in the coming years. Still, hunting and fishing preserves that operate as retreats and offer service packages will be the main driver of industry profit and wages. Demand for these retreats, particularly from corporations, will keep revenue from declining at a faster rate over the next five years. For these reasons, industry research firm IBISWorld has added a report on the Hunting and Trapping industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

The preserves segment will support the industry, but revenue will decline with fewer hunters

The Hunting and Trapping industry has been prey to fading American interest in hunting and fishing. IBISWorld estimates 11.8 million Americans over the age of 16 will participate in hunting activities in 2012, a decline of 1.0% since 2007 when 12.4 million Americans hunted. Stringent government regulations, urban sprawl, rural migration to cities, growth in competing activities (e.g. wildlife watching) and increasing public aversion to hunting have caused this decline. According to IBISWorld industry analyst Brian Bueno, the industry comprises mainly hunting and fishing reserves and commercial hunters and trappers that hunt to sell fur. So as US fur demand has fallen, the industry has faced particularly negative demand conditions. The loyal 4.7% of Americans that hunt, however, have kept the industry alive. As such, revenue is estimated to decline at a mild annualized rate of 0.2% to $466.4 million over the five years to 2012, with a decline of 0.3% anticipated in 2012.

The commercial hunting and trapping segment, which makes up 17.1% of industry revenue, has faced increasingly weak demand over recent years. “Falling fur demand from apparel manufacturers has hurt earnings from this segment,” Bueno says, “though the main driver of falling sales is mounting external competition from fur-bearing animal breeders.” Relative to their revenue share, commercial hunters and trappers make up a majority of Hunting and Trapping industry firms. As a result of slowed demand and increasing competition, the number of firms fell at a yearly rate of 1.4% on average over the five years to 2012. Although there are economies of scale in regards to marketing, the benefits of these are too small to encourage much consolidation within the industry. The industry includes a significant number of self-employed commercial hunters and trappers. About 97.1% of firms in the industry are non-employing because commercial hunters and trappers are typically one-man enterprises and operating preserves can require few to no employees.

Hunting and fishing preserves generate the majority of industry revenue, and they have increased their share over the past five years. Despite decreased US demand for hunting and fishing, these operators have grown to cater an array of services offered to recreationalists seeking more than a simple hunting day-trip. Many hunting and fishing preserves now offer amenities, such as accommodations, meals, equipment, training and guided hunts, with multiday packages. Avid hunters with strong disposable incomes have flocked to these retreats as a form of domestic travel. IBISWorld anticipates that the preserves segment will support the industry over the five years to 2017; however, growth will be offset by the inescapable trend of fewer hunters in general. For more information, visit IBISWorld’s Hunting and Trapping in the US industry report page.

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IBISWorld industry Report Key Topics

This industry includes commercial hunters and trappers, commercial game preserves (such as game retreats), hunting preserves, fishing preserves and game propagation firms.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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