Industry Background:
Fish tank refers to a transparent container of water in which live fish and other water creatures and plants are kept in it. There are various benefits of keeping an aquarium at home as reducing stress, calming effects, reducing blood pressure, improving Alzheimer's patient’s conditions, encouraging learning, help children with negative emotions among others.This growth is primarily driven by Use of Aquarium in the House for Decorative Purpose.
Major Vendors, such as BOYU Aquastar (India), Resun AG (Switzerland), Hailea (Hong Kong), JEBO Aquarium (United States), Kotobuki Kogei Co., Ltd. (Japan), Guangdong Minjiang Aquarium Industrial Co., Ltd. (China) and Liangdianshuizu etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to the National Pet Owners Survey 2017-18, 68% of American households own a pet. The survey which was conducted by the American Pet Products Association (APPA) found that 12.5 million US households keep freshwater fish and 2.5 million keep saltwater fish.
Market Drivers
- Use of Aquarium in the House for Decorative Purpose
Market Trend
Restraints
- Stringent Government Rules and Regulations
Opportunities
The rise in Demand for Fish Tank in Emerging Countries
Challenges
Extinction of Various Kinds of Fishes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fish Tank Study Sheds Light on
— The Fish Tank Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fish Tank industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Fish Tank industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.