Global Air Sports Equipment Market by Application (Paragliding, Parachuting), by Product (Container/Harness, Protective Gears) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global market for air sports equipment was worth USD 14.9 billion. The forecast period will be driven by the rising popularity of adventure sports among millennials. The demand for air sport equipment is increasing due to increased outdoor recreation activities around the world, including parachuting and paragliding as well as wingsuit flying and ziplining.

The popularity of extreme sports has increased exponentially over the last few years due to a shift in perceptions among millennials, college graduates, working professionals, as well as some older adults, towards engaging in these adventurous sports to feel thrill and joy. These extreme sports have been promoted worldwide by social media, movies, as well as cinemas. In the last few years, outdoor recreation activities have seen a significant increase in participation from customers of all ages.

According to the Outdoor Industry Association's "Outdoor Participation Report", 48.8% of Americans participated in outdoor activities at least once in 2016, which was 144.4 million. These outdoor activities are being adopted by people to improve their mental and physical health. Parachuting is safer thanks to the use of advanced equipment and better training. According to data from the United States Parachute Association, the 2018 fatality rate was 0.0039 per 1,000 jumps. These statistics will encourage air sports, which in turn will increase demand for different air sports equipment during the forecast period.

In order to meet the growing demand for skydiving, government agencies are increasing their spending. This is driving up the demand for sport equipment. The United States Parachute Association (USPA) estimates that there were approximately 220 USPA Group member 'drop zones', or skydiving centers in major U.S cities in 2017. Skydive Qatar, a prominent company in skydiving, increased its operating days from four to six days per week in May 2016. This was done because skydiving has become less popular among amateurs. These consumer trends will likely increase the demand for equipment for air sports over the forecast period.

Product Insights

Container/Harness was the most popular product segment, with a share exceeding 60.0% in 2018. It is expected to continue its lead during the forecast period. The most essential equipment in all air sports, including parachuting, paragliding and canopy piloting, is Harness. Injuries to skydivers have been reported over the years due to equipment failures and poor landing techniques. The United States Parachute Association (USPA) reported that 2,147 injuries were reported in 2018 across all USPA members. Skydiving schools and the national government are working together to ensure that air sports are safer.

From 2019 to 2025, the segment of protective gears is expected to grow at a 7.0% annual rate. Air sports equipment manufacturers are creating high-end, high-end gear that is linked to human biomechanics. LA POINTIQUE INT’L LTD. displayed high-end products such as AIR SERIES Compression Gear and ACE SERIES Compression Gear in August 2018.

Application Insights

Parachuting was the most popular application segment, with more than 40% in 2018. This air sport has enjoyed a steady rise in popularity over the past two decades due to safer equipment and easy access for adults to it. The United States Parachute Association (USPA) provided statistics that showed that in 2010, jumps in the United States were 3 million. This number increased to 3.3 millions in 2018. According to the USPA 11.18% of all jumpers were retired from their occupations. Parachuting participation will increase over time, which is expected to drive demand for equipment.

With a CAGR of 7.2% between 2019 and 2025, paragliding will be the fastest-growing segment. Paragliding has been growing in popularity due to its simplicity of operation and its ability to be used during the winter and summer seasons. Paragliding is easy to launch and land, which will make a positive contribution to the industry's growth.

Regional Insights

Europe was the largest market for air sports equipment, with a share exceeding 35.0% in 2018. This is due to the presence of mountains and hills in the region. The top countries with the highest penetration of Europe's air sports market are Spain, France, Italy and Hungary. This drives the equipment demand. These countries will continue to be market leaders and experience high growth during the forecast period.

Europe hosts many sports events that will drive market growth in the future. In July 2019, Ukraine hosted the Carpathian Cup, while in August 2019, the 'Russian Open" was held in Aksaray (Hasan Dagi), Turkey. These events will help to keep airsports visible in the region and encourage the use of different air sports equipment.

Air Sports Equipment Market Share insights

Due to the presence of strong players from North America and Europe, the global market is well-consolidated. Some of the most prominent players include Velocity Sports Equipment, Flyneo.com, Aerodyne Research, LLC, OZONE POWER LTD, SUP'AIR, and Flyneo.com. They offer cutting-edge technology equipment to comply with safety regulations and to respond to growing demand for airsports equipment.

Major manufacturers are also using market strategies such as product launches, expanding their R&D and forming alliances with key distributors to reach the largest customer base. SUP'AIR, for example, launched an advanced harness in October 2018 under the brand Skypper 2. This equipment offers great passive safety, comfort and steering precision.

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including country, regional and global. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global market for air sports equipment by product, region, and application.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Container/Harness

  • Protective Gears

  • Other

• Application Outlook (Revenue USD Million, 2015-2025)

  • Parachuting

  • Paragliding

  • Hang Gliding

  • Other

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Spain

    • France

  • Asia Pacific

    • Thailand

    • Malaysia

    • Indonesia

  • Central & South America

  • Middle East & Africa

    • UAE

Up Market Research published a new report titled “Air Sports Equipment Market research report which is segmented by Application (Paragliding, Parachuting), by Product (Container/Harness, Protective Gears), By Players/Companies Protective Gears, Container/Harness, Product Outlook (Revenue USD Million 2015 - 2025)Container/HarnessProtective GearsOthers, Others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Air Sports Equipment Market Report Segments:

The market is segmented by Application (Paragliding, Parachuting), by Product (Container/Harness, Protective Gears).

Air Sports Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Air Sports Equipment Market

Overview of the regional outlook of the Air Sports Equipment Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Air Sports Equipment Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Air Sports Equipment Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Paragliding

                2. Parachuting

                1. Container/Harness

                2. Protective Gears

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Air Sports Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Air Sports Equipment Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.