The global Commercial Aquarium market was valued at $293.4 million in 2020 and is anticipated to grow at a CAGR of 9.92% from 2021 to 2028. A commercial aquarium is a type of aquarium that is constructed to make a profit. The fish and other aquatic animals within this form of aquatic entertainment must be bred to provide constant income. This kind of business is particularly common in countries where the local marine life has been depleted from overfishing or pollution but may also exist simply because they are popular tourist attractions. The market includes sales, accessories, fish supply, equipment supply, maintenance services, and design solutions.
|Market Size (2028)||$602.0 Million|
|CAGR (2021 to 2028)||9.92%|
|Market Classification||Type, Application|
|Key Companies Profiled||Manila Ocean Park, Ocean Adventure, Cube Oceanarium, Times City Vinpearl Aquarium, Bao Son Aquarium, Churaumi Aquarium, S.E.A. Aquarium, SEA LIFE Bangkok Ocean World, SEA Aquarium, Georgia Aquarium|
|Key Countries/Regions Analyzed||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2021 to 2028|
The factors driving the growth of the global commercial aquarium market include a rise in the tourism sector, increased need for appealing decoration in hotels, restaurants, and shopping malls, rising number of hotels and resorts at the global level, which will boost the growth of the market.
Increased need for appealing decoration in hotels, restaurants, and shopping malls
Market players are finding new ways to entice customers into visiting hotels, restaurants, and shopping malls with spectacular displays of marine life. Exhibits include ecologically sound aquariums, giant tanks featuring stunningly realistic recreations of coral reefs – even underwater restaurants and hotels! Establishments anticipate that ocean life displays will bring in the big bucks. Educating visitors on conservation issues is also high on their agenda. With so many versions of these developments appearing throughout the world, smitten travelers are beginning to demand more than an exciting place to visit – they want an unforgettable experience.
The factors restraining the growth of the global commercial aquarium market include weekly maintenance and water clarity.
Key Insight in the report:
Global Commercial Aquarium market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.
The report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Model
- Financial Data
- Financial – Existing
- Financial – Funding
- Product Segment Analysis and specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
Global Commercial Aquarium Market Segmentation The report covers the Global Commercial Aquarium market size and forecasting at the country level as well as at the segment level. Global Commercial Aquarium Market analysis across below-mentioned different segments:
North America, the largest and the most developed aquarium market in the world, holds the largest shares of the global commercial aquarium market in terms of volume and revenue due to the growing demand and high affordability and availability of the advanced and superior quality marine and freshwater fish and aquarium products and services. The marine and freshwater aquarium product manufacturers and suppliers in Canada, the U.S., and Mexico offer high-quality and advanced aquarium products and services such as aquarium fish for commercial and home aquariums, installed aquariums, and aquarium equipment such as air pumps and filters for home and commercial aquariums.
The Global Commercial Aquarium Market is analyzed across the below-mentioned region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
Global Commercial Aquarium Market Key Players:
Some of the key players in the Global Commercial Aquarium Market include:
- Manila Ocean Park
- Ocean Adventure
- Cube Oceanarium
- Times City Vinpearl Aquarium
- Bao Son Aquarium
- Churaumi Aquarium
- E.A. Aquarium
- SEA LIFE Bangkok Ocean World
- SEA Aquarium
- Georgia Aquarium
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Global Commercial Aquarium market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Global Commercial Aquarium market historical market size for the year 2020, and forecast from 2021 to 2028
- Global Commercial Aquarium share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.