The Parachute Manufacturing industry experienced shaky performance over the past five years. Initially, continued US combat operations in the Middle East led to a surge in military demand for industry products. In addition, as the economy recovered from the recession, per capital disposable income increased, enabling more consumers to spend money on recreational activities such as skydiving. However, in recent years, the industry has hit turbulence. Over the five years to 2021, industry revenue is expected to fall. Most of the revenue decline is projected to be in 2017, when the surge in export orders settles down, while US military spending on parachutes continues to fall. However, in subsequent years, demand is expected to strengthen as the US defense budget eventually begins to grow and exports remain strong.
Companies in this industry manufacture parachutes, which are devices used to slow the motion of an object through an atmosphere by creating drag. This industry does not include powered parachutes or manufacturers that primarily produce parachute harnesses or components.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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