An aquarium is a place where one keeps live fishes for display, be it inside home, commercial area, or in zoo or place dedicated to large-sized aquariums. These places are managed by an aquarist and are constructed of glass or high-strength acrylic. Cuboid aquariums can be called a fish tank as well, and when it is bowl-shaped, it can be called a fish-bowl. Size can vary, from a fish-bowl to a giant-size aquarium as big as an entire building. The area requires special maintenance as per the requirements of fishes. The global aquarium market has the potential to grow substantially in the coming years.
The aquarium market is gaining strong traction from several quarters like personal use to enhance the beauty of the interior of a home or fill in commercial spaces to create an ambiance. The growing demand for aquariums in zoo and oceanarium is serving two purposes, one which is commercial and can be counted as a part of tourism and the other serving educational purpose.
However, the aquarium market can also be held back by issues like lack of maintenance and proper installation of equipment. Better maintenance is of topmost priority, however, men with adequate knowledge are few, which can curb the growth. But the surge in association with various form of entertainment can take it back on the growth track.
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Segmentation:
The global market for aquarium requires an in-depth study and the report provides that by segmenting it into product and end user. This segmentation has the potential to unravel various details of the market and is enriched with multiple market factors that can impact the aquarium market in the future.
By product, the market report on aquarium has an aquarium tank, filtration equipment, temperature control equipment, lighting equipment, and oxygen equipment.
By end user, the market for aquarium report can be segmented by household & office, commercial, and zoo & oceanarium. The zoo & oceanarium section is getting significant traction due to the interest shown by the tourism industry.
Regional Analysis:
The market for aquarium, if studied on a region-based scale, reveals several zones that can be profitable. For instance, the market in North America, Europe, and the Asia Pacific would have a chance of booming due to their growing disposable income reserve and better tourism industries. The footfall in zoo and oceanarium is quite high in these regions. The Middle East & Africa market would depend much on the Middle East countries like Dubai, Qatar, the UAE, Saudi Arabia, and Kuwait. In Latin America and Africa, market would be moderate.
Market Player: Central Garden and Pet, EHEIM, Juwel Aquarium, Hagan, Marukan, D-D, TMC, OASE (biOrb), PHILPS, Tetra, AZOO, API, Aqua Design Amano, Interpet, Arcadia,..
Industry News:
In September 2019, Immotion Group announced that they are ready to work with three new installations in three places across the globe. These installations would find presence in Dubai Aquarium, San Antonio Aquarium, and Austin Aquarium. All these aquariums would witness Ocean Explorer series. These places would also have VR experiences to make people feel the details of marine lives and increase footfall in these aquariums.
Continuous…
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