Fish Tanks Market Size, Share, Insights, Outlook, and Forecast 2023-2030 | According to RationalStat

The global fish tanks market is projected to reach US$ 1,203.5 million by 2030, at a CAGR of 5.3%.

Wilmington, Delaware, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Global Fish Tanks Market size is valued at US$ 836.3 million in 2023 and is predicted to rise at a substantial CAGR of 5.3% during the forecast period of 2023 and 2030 according to RationalStat analysis.

Market Definition, Market Scope, and Report Overview

Several factors have been driving the growth and demand in the fish tanks market. The rising trend of pet ownership, particularly among urban dwellers, has led to an increased demand for pet products, including fish tanks. Fish tanks are popular choices as they provide a low-maintenance option for pet ownership, especially in comparison to other pets like dogs or cats.

Further, Advancements in aquarium technology have led to the development of more efficient filtration systems, lighting options, and automated features, making fish tanks easier to maintain and more appealing to a broader audience.

  • According to a deep-dive market assessment by RationalStat, the fish tanks market has been analyzed on the basis of market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the fish tanks market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the fish tanks market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Fish Tanks Market: Segmental and Market Share Analysis

  • Based on the Type, the Freshwater Tropical Aquarium is expected to dominate the market owing to the rising use of freshwater aquariums for decorative purposes.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 836.3 million
Market Size Forecast US$ 1,203.5 million
Growth Rate 5.3%
Dominant Segment Freshwater Tropical Aquarium
Leading Region North America
Key Market Drivers
  • Rising trend of pet ownership
  • Advancements in aquarium technology
  • Development of more efficient filtration systems
Companies Profiled
  • Sunsun
  • BOYU
  • Hailea
  • Hinaler
  • Propoise Aquarium
  • Jlalu Aquarium Equipment Manufacturing
  • Guangzhou Yuemei Aquarium

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Competition Analysis and Market Structure

Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.

Some of the prominent players and suppliers operating and contributing significantly to the fish tanks market growth include Sunsun, BOYU, Hailea, KOTOBUKI, Hinaler, Propoise Aquarium, Jlalu Aquarium Equipment Manufacturing, and Guangzhou Yuemei Aquarium, among others.

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RationalStat has segmented the fish tanks market based on type, application, and region

  • Global Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
    • Freshwater Tropical Aquarium
    • Coldwater Aquariums
    • Marine Aquariums
    • Brackish Aquariums
  • Global Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
    • Office
    • Restaurants and Bars
    • Retail Stores & Malls
    • Other
  • Global Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • US
      • Canada
    • Latin America Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Fish Tanks Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Fish Tanks Report:

  • What will be the market value of the fish tanks market by 2030?
  • What is the market size of the fish tanks market?
  • What are the market drivers of the fish tanks market?
  • What are the key trends in the fish tanks market?
  • Which is the leading region in the fish tanks market?
  • What are the major companies operating in the fish tanks market?
  • What are the market shares by key segments in the fish tanks market?  

Running a Year End Discount of 20%-

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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