Essay About Market Segments And Canadian Recreational Fishing Market

Fishing in Kingston, ontario
N BOYLE
TYLER KNOWLES
MELISSA LOTHIAN
BRENNAR LAUTERBACH
Table of Contents
Market Size and Growth………………………………………….2
Market Segments………………………………………………….4
Competitor Analysis………………………………………………4
Marketing Plan……………………………………………………5
Positioning Statement…………………………………………….5
Marketing Objectives……………………………………………..5
Target Market Profile…………………………………………….6
Marketing Communications Strategy…………………………….7
Advertising Objectives……………………………………………7
Distribution……………………………………………………….8
Media Plan………………………………………………………..11
Media Objectives……………………………………………….11
Media Strategy……………………………………………………12
Media Rejection Rationale………………………………………..16
Marketing Execution………………………………………………17
MARKET BACKGROUND
MARKET SIZE and GROWTH
The Canadian recreational fishing market is huge even though the market is decreasing. As of 2005, there were over 3.2 million anglers actively fishing in Canada. This statistic has steadily declined by an average of 2% over the past 10 years. The year 2000 saw an average of 3.6 million anglers compared to 1995, when there were around 4.2 million active anglers in Canada. This declining trend is also reflected in the provincial statistics. In 1995, there was an average of just over 1 million resident anglers in Ontario compared to 765,000 in 2005. An interesting thing is the number of direct expenditures spent by anglers per annum, $2.5 billion, hasn’t changed. However, because of inflation, these expenditures have decreased by 1% in the past several years and an average of 2% per year since 1995. What this means is that in 1995, $2.5 dollars were spent on fishing expenditures, but if you were to buy everything