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Global Aquarium Accessories Market: By Type: Filtration Items, Lights and Hoods, Decorative Items, Temperature Control Systems, Others; By Distribution Channel: Online, Offline; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Aquarium Accessories Market Outlook
The global aquarium accessories market is expected to grow at a CAGR of 5% in the forecast period of 2020-2025, driven by the rising demand for fish pet ownership.
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North America Leading the Global Market for Aquarium Accessories
The global aquarium accessories industry is dominated by North America. Among the major regional markets in the region, which is the United States and Canada, the former is the leading country for aquarium accessories. Fishing has been one of the world's most famous entertainment activities among millions around the world. The United States of America is one of the world's leading importers of ornamental fish. To meet the demand of hobbyists in the region, a significant number of fish species, as well as invertebrates, are imported into the United States of America every year. The demand in the region is also being driven by a number of fish clubs and societies in the region that help spread the hobby and foster awareness of these endangered species. These factors are also driving the demand for aquarium accessories as well, further boosting the industry growth. Apart from North America, the demand for fish pet ownership is also growing in other regions, which will drive the growth of the global aquarium accessories industry in the coming years.
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Aquarium Accessories: Industry Definition and Segmentation
Aquarium accessories refer to all the accessories that are being used in the aquariums. These accessories can have various purposes, including cleaning, filtration, and others. In order to keep an aquarium healthy and looking good, regular maintenance with good care is necessary. One of the chief factors to maintain an aquarium is to select the right type of fish and ensure an optimal number that does not surpass the total capacity of the aquarium. The aquarium requires enough room for it to expand properly as fish and other aquatic species are usually sold as juveniles.
Based on type, the market can be divided into the following:
- Filtration Items
- Lights and Hoods
- Decorative Items
- Temperature Control Systems
- Others
The distribution channels can be divided into online and offline. The regional markets for aquarium accessories can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements are Bolstering the Market Growth for Aquarium Accessories
The demand for aquarium accessories is being driven by the introduction of technologically advanced products. The equipment is becoming smaller, smarter, and more effective, making the aquarium easy to maintain and clean. Aquariums are now becoming compact, and house corals and fragile reef vertebrates are being constructed. Another reason behind the rising demand for aquarium accessories is product creativity in decorative items. For example, underwater lighting with LED lighting is among the most common innovative aquarium equipment. Most aquariums are built with high-end, rectangular glasses together with custom-tailored water and marine corals filter systems and climate. The rise in the number of aquariums in commercial and residential spaces is, thus, expected to bolster the market growth in the coming years.
Key Industry Players in the Global Aquarium Accessories Market
The report gives a detailed analysis of the following key players in the global aquarium accessories market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Guangdong Boyu Group Co., Ltd.
- Spectrum Brands, Inc.
- Mars, Incorporated (API)
- Rolf C. Hagen, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Aquarium Accessories Market Analysis
8.1 Key Industry Highlights
8.2 Global Aquarium Accessories Historical Market (2015-2019)
8.3 Global Aquarium Accessories Market Forecast (2020-2025)
8.4 Global Aquarium Accessories Market by Type
8.4.1 Filtration Items
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2015-2019)
8.4.1.3 Forecast Trend (2020-2025)
8.4.2 Lights and Hoods
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2015-2019)
8.4.2.3 Forecast Trend (2020-2025)
8.4.3 Decorative Items
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2015-2019)
8.4.3.3 Forecast Trend (2020-2025)
8.4.4 Temperature Control Systems
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2015-2019)
8.4.4.3 Forecast Trend (2020-2025)
8.4.5 Others
8.5 Global Aquarium Accessories Market by Distribution Channel
8.5.1 Online
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2015-2019)
8.5.1.3 Forecast Trend (2020-2025)
8.5.2 Offline
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2015-2019)
8.5.2.3 Forecast Trend (2020-2025)
8.6 Global Aquarium Accessories Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2015-2019)
9.1.2 Forecast Trend (2020-2025)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2015-2019)
9.2.2 Forecast Trend (2020-2025)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2015-2019)
9.3.2 Forecast Trend (2020-2025)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2015-2019)
9.4.2 Forecast Trend (2020-2025)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2015-2019)
9.5.2 Forecast Trend (2020-2025)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Guangdong Boyu Group Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Spectrum Brands, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Mars, Incorporated (API)
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Rolf C. Hagen, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Aquarium Accessories Market: Key Industry Highlights, 2015 and 2025
2. Global Aquarium Accessories Historical Market: Breakup by Product Type (USD Million), 2015-2019
3. Global Aquarium Accessories Market Forecast: Breakup by Product Type (USD Million), 2020-2025
4. Global Aquarium Accessories Historical Market: Breakup by Distribution Channel (USD Million), 2015-2019
5. Global Aquarium Accessories Market Forecast: Breakup by Distribution Channel (USD Million), 2020-2025
6. Global Aquarium Accessories Historical Market: Breakup by Region (USD Million), 2015-2019
7. Global Aquarium Accessories Market Forecast: Breakup by Region (USD Million), 2020-2025
8. North America Aquarium Accessories Historical Market: Breakup by Country (USD Million), 2015-2019
9. North America Aquarium Accessories Market Forecast: Breakup by Country (USD Million), 2020-2025
10. Europe Aquarium Accessories Historical Market: Breakup by Country (USD Million), 2015-2019
11. Europe Aquarium Accessories Market Forecast: Breakup by Country (USD Million), 2020-2025
12. Asia Pacific Aquarium Accessories Historical Market: Breakup by Country (USD Million), 2015-2019
13. Asia Pacific Aquarium Accessories Market Forecast: Breakup by Country (USD Million), 2020-2025
14. Latin America Aquarium Accessories Historical Market: Breakup by Country (USD Million), 2015-2019
15. Latin America Aquarium Accessories Market Forecast: Breakup by Country (USD Million), 2020-2025
16. Middle East and Africa Aquarium Accessories Historical Market: Breakup by Country (USD Million), 2015-2019
17. Middle East and Africa Aquarium Accessories Market Forecast: Breakup by Country (USD Million), 2020-2025
18. Global Aquarium Accessories Market Structure
Key Questions Answered in the Report
The global aquarium accessories market is projected to grow at a CAGR of 5% between 2020 and 2025.
The major drivers of the industry, such as rising disposable incomes, increasing population, a growing number of fish clubs and societies, increasing demand for fish pet ownership, and rising number of aquariums in commercial and residential spaces, are expected to aid the market growth.
The key market trend guiding the growth of the seatbelt retractor market includes the rising introduction of technologically advanced products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The leading types of aquarium accessories in the market are filtration items, lights and hoods, decorative items, and temperature control systems, among others.
The major distribution channels in the market are online and offline.
The major players in the industry are Guangdong Boyu Group Co., Ltd., Spectrum Brands, Inc., Mars, Incorporated (API), and Rolf C. Hagen, Inc., among others.
Analyst Review
The global aquarium accessories market is being driven by the rising pet ownership rates. Aided by technological advancements, the market is expected to witness a healthy growth in the forecast period of 2020-2025, growing at a CAGR of 5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be segmented into filtration items, lights and hoods, decorative items, and temperature control systems, among others. Based on distribution channel, the industry is divided into online and offline. The major regional markets for aquarium accessories are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Guangdong Boyu Group Co., Ltd., Spectrum Brands, Inc., Mars, Incorporated (API), and Rolf C. Hagen, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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