Global Hang Gliding Equipment Market 2018-2022
About Hang Gliding Equipment
Hang gliding is an aerial recreational sports activity in which a pilot flies a light, non-motorized foot-launched glider. Most modern hang gliders are made of an aluminum alloy or composite frame covered with synthetic sailcloth to form a wing.
Technavio’s analysts forecast the global hang gliding equipment market to grow at a CAGR of 9.76% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hang gliding equipment market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hang Gliding Equipment Market 2018-2022
Technavio recognizes the following companies as the key players in the global hang gliding equipment market: Wills Wing, Aeros Company, Moyes Delta Gliders, and ICARO 2000.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is surge in innovative hang gliding equipment. Key competitors are offering hang gliding equipment to regular adventurists and travelers. They are continuously innovating in terms of materials, weight, and quality. The demand for technologically advanced hang gliding equipment is constantly increasing because of the complexities of natural environments.”
According to the report, one driver in the market is increasing popularity of extreme sports activities. Nowadays, several individuals prefer extreme sports activities during vacations, such as hang gliding, bungee jumping, skydiving, surfing, rock or mountain climbing, caving, snorkeling, surfing, jet skiing, and wakeboarding.
Further, the report states that one challenge in the market is stringent regulations for hang gliding. Hang gliding is a self-regulated sport with no official certification required by law to own or operate a hang glider. However, most landing zones and launch sites appropriate for hang gliding require a certification by the United States Hang Gliding and Paragliding Association (USHPA). Failure to follow site guidelines can result in sites being shut down and legal action.
Moyes Delta Gliders
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook