The Parachute Manufacturing industry experienced head winds over the past five years. Intensive US combat operations in Iraq and Afghanistan led to a surge in military demand for industry products, allowing revenue to grow. However, the industry is anticipated to experience turbulence over the five years to 2020. The declining US defense budget is expected to continue weakening demand for industry products, while exports are likely to drop from their unsustainable 2015 surge. Nevertheless, US domestic military demand is projected to eventually bottom out and even begin to increase in later years, while exports are anticipated to remain relatively strong. Moreover, as the economy continues to grow, more consumers will be able to go skydiving, driving demand for the industry's commercial products.
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.