Global Air Sports Equipment Market, By Product Type (Paraglider, Canopy, and Reserve Parachute, Container and Harness, Protective Gear, Others), Application (Skydiving, Paragliding, Base Jumping, Bungee Jumping), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Air Sports Equipment Market
Data Bridge Market Research analyses that the global air sports equipment market will project a CAGR of 7.70% for the forecast period of 2022-2029. Growth and expansion of fast moving consumables goods industry especially in the developing economies, rising participation of youngsters in sports and related activities, rising number of recreational activities across the globe and increasing personal disposable income are the major factors attributable to the growth of air sports equipment market.
From the name itself, it is clear that air sports equipment refers to the equipment that is used in the execution of air sports such as paragliding, parachuting, zip lining, wing suiting, and others. Paragliding is the most popular air sports in the world. Some examples of air sports equipment are flight gear, skywalk, variometer, harness, and fly master.
Surging number of participants for outdoor recreational activities and rising awareness among the population pertaining to the benefits of participating in sports and sports related activities are the major factors fostering growth of the air sports equipment market. Rising hectic lifestyle among millennial and generation X, presence of many mountains and hills across the world, growth and expansion of travel and tourism industry, growing trend of spending vacations on the mountains and beaches and expanding distribution channels especially in the emerging markets will further create lucrative growth opportunities for the air sports equipment market. Further, strong penetration rate of air sports in the emerging nations, increasing popularity of extreme sport, development of advanced products through research and development activities, growing adoption of modern manufacturing processes and technology, growing availability of technologically advanced products, improving living standard of the people and increasing penetration of e-commerce platforms are other important factors bolstering the air sports equipment market growth rate.
However, intense pricing pressure over the players, high operational and maintenance costs associated with the product and fluctuations in the prices of raw materials will pose a major challenge to the growth of the air sports equipment market. Also, weather uncertainties will further derail the air sports equipment market growth rate. Lack of strong distribution network in the backward areas will further restrict the scope of growth of the air sports equipment market.
This air sports equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on air sports equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Air Sports Equipment Market Scope and Market Size
The air sports equipment market is segmented on the basis of product type, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the air sports equipment market is segmented into paraglider, canopy, and reserve parachute, container and harness, protective gear, and others.
- Air sports equipment market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for air sports equipment market includes skydiving, paragliding, base jumping, and bungee jumping.
Air Sports Equipment Market Country Level Analysis
The air sports equipment market is analyses and market size, volume information is provided by country, product type, and application as referenced above.
The countries covered in the air sports equipment market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe is dominating the air sports equipment market and will continue to owing to the presence of many mountains and hills across the region and strong penetration rate of air sports. Asia-Pacific will continue to undergo substantial gains during the forecast period and score the highest growth rate owing to the rising middle class population, increased spending on adventure activities including air sports and improving personal disposable income.
The country section of the air sports equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Air Sports Equipment Market Share Analysis
The air sports equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air sports equipment market.
Some of the major players covered in the air sports equipment market are Velocity Sports Equipment; Aerodyne Research, LLC; Guangzhou Jiahuan Appliance Technology Co., Ltd.; SUPAIR group; Peregrine Manufacturing Inc; Sunrise Manufacturing International Inc.; Sun Path Products, Inc; Mirage Systems; Firebird USA LLC; NEO; Bevs Suits; BIRDMAN Ltd.; Bonehead Composites; Bungee Consultants International; Phoenix Skydive Center; Skydive Safety; Mills Manufacturing; Airborne Systems; BHALLA INTERNATIONAL – VINEX; Ballenger International, LLC and Hiltex Industrial Fabrics Pvt. Ltd., among others.
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