U.S. Reef Aquarium Market Size & Outlook, 2020-2028
U.S. reef aquarium market, 2016-2028 (US$M)
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U.S. reef aquarium market highlights
- The U.S. reef aquarium market generated a revenue of USD 1,244.5 million in 2020 and is expected to reach USD 2,685.8 million by 2028.
- The U.S. market is expected to grow at a CAGR of 10.1% from 2021 to 2028.
- In terms of segment, component was the largest revenue generating product in 2020.
- Natural is the most lucrative product segment registering the fastest growth during the forecast period.
Reef aquarium market data book summary
| Market revenue in 2020 | USD 1,244.5 million |
| Market revenue in 2028 | USD 2,685.8 million |
| Growth rate | 10.1% (CAGR from 2020 to 2028) |
| Largest segment | Component |
| Fastest growing segment | Natural |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Artificial, Component |
| Key market players worldwide | EHEIM, Acadia Healthcare Co Inc, API FishCare, Oase, Tropical marine Center, Interpet |
Other key industry trends
- In terms of revenue, U.S. accounted for 25.4% of the global reef aquarium market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. reef aquarium market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,685.8 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. reef aquarium market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reef aquarium market will help companies and investors design strategic landscapes.
Component was the largest segment with a revenue share of 44.26% in 2020. Horizon Databook has segmented the U.S. reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
The U.S. is experiencing a new wave of aquarium enthusiasm, since over the past few years, groups in Detroit; St. Louis; Scranton, Pennsylvania; Memphis; Cape Canaveral, Florida; and New York City have proposed or started construction on large aquariums. For instance, Springfield, Missouri and Shreveport, Louisiana have opened aquariums in 2017.
Increasing prominence of zoos & aquariums as conservation centers has been boosting selling strategies, which will create jobs and bring in revenue. This scenario is popularizing the art of conservation initiatives through the development of zoos and oceanariums, thereby suggesting a growth in demand for reef aquariums.
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Target buyers of U.S. reef aquarium market databook
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Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into U.S. reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. reef aquarium market report size, by product, 2016-2028 (US$M)
U.S. Reef Aquarium Market Share, 2020 & 2028 (US$M)
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