Press release
Evolving Market Trends In The Rural Activities Industry: Revolutionizing Fishing With Drone Technology
Rural Activities
What Is the Expected Rural Activities Market Size During the Forecast Period?
The rural activities market size has experienced significant growth in recent years. It is expected to rise from $2665.73 billion in 2024 to $2871.96 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. This growth can be attributed to factors such as agricultural production, traditional crafts and artisanal products, hunting, fishing, forestry, logging, eco-tourism, and agritourism.
The rural activities market is forecasted to grow significantly, reaching $3878.75 billion in 2029 with a CAGR of 7.8%. This growth will stem from sustainable farming, rural tourism, increased connectivity, renewable energy, and agribusiness evolution. Prominent trends include local food sourcing, craft beverage production, CSA programs, artisan markets, and eco-friendly forestry practices.
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What Are the High-Growth Segments in the Rural Activities Market?
The rural activities market covered in this report is segmented -
1) By Type: Fishing, Hunting And Trapping, Forestry And Logging, Agriculture And Forestry Services
2) By Offering: Hardware, Software, Services
3) By Application: Agriculture, Forestry, Other Applications
Subsegments:
1) By Fishing, Hunting, And Trapping: Commercial Fishing, Recreational Fishing, Hunting And Trapping (For Fur, Game)
2) By Forestry And Logging: Timber Tract Operations, Forest Nurseries And Gathering Of Forest Products, Logging (Tree Cutting, Sawing, And Processing)
3) By Agriculture And Forestry Services: Crop Production Services, Animal Production Services, Agricultural And Forestry Consulting Services, Agricultural Support Services (Irrigation, Pest Control)
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What Key Drivers Are Expected to Influence Future Rural Activities Market Growth?
Government initiatives aimed at improving rural activities are expected to boost the rural activities market. These initiatives focus on enhancing infrastructure, providing high-speed internet, and promoting economic opportunities in rural areas. For instance, in October 2022, the U.S. Agency for International Development launched a $50 million Rural Competitiveness and Resilience Activity, which is expected to positively impact rural communities and contribute to the market's growth.
Which Companies Hold the Largest Share Across Different Rural Activities Market Segments?
Major companies operating in the rural activities market include Land O'Lakes Inc., Nippon Suisan Kaisha Ltd., Maruha Nichiro Corporation, Olam International, Resolute Forest Products Inc., Rayonier Inc., Weyerhaeuser Company, Stora Enso Oyj, PotlatchDeltic Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Deere & Company, CNH Industrial N.V., Mahindra & Mahindra Limited, AGCO Corporation, DeLaval International AB, Vermeer Corporation, CLAAS KGaA mbH, Kubota Tractor Corporation, Massey Ferguson Limited, JCB Limited, Argo Tractors S.p.A., Valtra Oy, Zetor Tractors a.s., McCormick Tractors, New Holland Agriculture, KIOTI Tractor, Farmtrac Tractors Europe sp. Z o.o., Sonalika International Tractors Limited, Tractors and Farm Equipment Limited, Kuhn Group, Amazone Landtechnik GmbH & Co. KG, Andreas Stihl AG & Co. KG, Husqvarna Group, Simplicity Manufacturing LLC, AriensCo, Escorts Limited, Yanmar Co. Ltd., Agri-Fab Products Company.
What Are the Latest Developing Trends in the Rural Activities Market?
Drone fishing technology is revolutionizing fishing by offering easier access to difficult-to-reach spots. Drones, which are small unmanned aerial vehicles, can pull baits to offshore locations and are portable and compatible with remote controls that provide better viewing. For instance, Envirobotics in New Zealand developed custom drones for long-line fishing. The Splash Drone, developed in Florida, USA, is a waterproof fishing drone, marking an increase in drone use for fishing.
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What Are the Emerging Geographies for The Rural Activities Market Growth?
Asia-Pacific was the largest region in the rural activities market in 2023. North America was the second-largest region in the rural activities market. The regions covered in the rural activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rural Activities Market?
2. What is the CAGR expected in the Rural Activities Market?
3. What Are the Key Innovations Transforming the Rural Activities Industry?
4. Which Region Is Leading the Rural Activities Market?
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