Business Highlighting Technology Growth Key To National Park Market Growing Federal And State Budget Deficits GDP Is Expected To Grow 2.1% Per Year On Average During The Same Period, Revenue, Industry Products
The National Parks Market has suffered over the five years to 2018 from growing federal and state budget deficits, which have led to inadequate, or in some years reduced, funding for parks, wildlife sanctuaries and other industry services. While some sites have been forced to close due to eroding funds, others have earned revenue by enacting entrance fees, raising existing entrance fees or offering vendor contracts to offset lower budgets. Still, amid modest increases in government funding at the federal level for much of the period, industry revenue is expected to increase. Over the five years to 2023Sample report: http://qyreports.com/request-sample?report-id=102037
Industry Threats & Opportunities
Tourists have continually turned to industry parks for natural and inexpensive leisure activities
While some states closed parks due to budget cuts, other states partnered with private organizations
Funding at the federal and state level is forecast to continue tightening
The National Parks Market is in the mature stage of its life cycle. Over the 10 years to 2023, the industry's value which measures the industry's contribution to the economy, to grow by only 0.5% annually. Conversely, GDP is expected to grow 2.1% per year on average during the same period. Persistent budget deficits over the past 10 years are the main culprit for the industry's poor performance. As the current administration plans to continue and exacerbate budget cuts for many of the industry's players, and because government funding is by far the largest source of revenue for the majority of industry players, this trend is not likely to change. Most parks are well-established and have at least a basic level
According to latest news The Parks Service is funding the $100,000 GSA market analysis, which should start this fall and take four to six months to complete.
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Industry Activities
City park management
National park services
Natural wonder tourist attraction management
State park management
Nature center management
Wildlife sanctuary management
Industry Products
National parks
State parks
City parks
report forecasts revenue growths at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global National Parks Market based on technique, component, deployment, end-use, and region.
Table of content:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 National Parks Market Outlook
Chapter 4 Technique Type Estimates & Trend Analysis
Chapter 5 Component Type Estimates & Trend Analysis
Chapter 6 Deployment Type Estimates & Trend Analysis
Chapter 7 End-Use Type Estimates & Trend Analysis
Chapter 8 Regional Estimates & Trend Analysis
Chapter 9 : Competitive Landscape
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: National Parks Market Effect Factors Analysis
Chapter 12: National Parks Market Forecast (2018-2023)
Chapter 13: Appendix
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