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Global Hot Air Ballooning Equipment Market 2018-2022

Global Hot Air Ballooning Equipment Market 2018-2022

About Hot Air Ballooning Equipment

A hot air balloon is an aerostat in which the lifting force is based on hot air that is produced by a propane burner. Envelopes, baskets, and burners are the main components of a hot air balloon. Certain ancillary products used along with the normal components in a hot air balloon include fuel cylinders, special heat shields, inflation fans, accessories and spares, and other instruments.

Technavio’s analysts forecast the Global Hot Air Ballooning Equipment Market to grow at a CAGR of 6.15% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global hot air ballooning equipment market. To calculate the market size, the report considers the revenue generated from the sales of components used in hot air balloons include envelopes, burners, and baskets.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, global hot air ballooning equipment market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cameron Balloons
  • Firefly Balloons
  • Kubicek Balloons
  • Lindstrand Technologies
  • Ultramagic
Market driver
  • Increasing participation in ballooning events across developing countries
  • For a full, detailed list, view our report
Market challenge
  • Increase in number of hot balloon accidents
  • For a full, detailed list, view our report
Market trend
  • Emphasis on providing training to pilots
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hot Air Ballooning Equipment Market 2018-2022

Technavio recognizes the following companies as the key players in the global hot air ballooning equipment market: Cameron Balloons, Firefly Balloons, Kubicek Balloons, Lindstrand Technologies, and Ultramagic.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the emphasis on providing training to pilots. The increased focus on providing training to hot air balloon pilots is also trending in the market. Many private organizations have started training hot air balloon pilots in association with FAA. The commercial hot air balloon companies are encouraging their pilots to get FAA certification. FAA provides a choice of three levels of safety accreditation, which includes silver, gold, and platinum. Each level has increasingly stringent safety requirements. The FAA exam includes meteorology, aerostatics, airmanship, navigation, flight rules and procedures, and code of conduct.”

According to the report, one driver influencing this market is the increasing participation in ballooning events across developing countries. The increase in participation in hot balloon events in developing countries is also driving the market. The surge in adventure tourism activities is also a major driver for the global hot air ballooning equipment market. The definition of tourism is changing rapidly as indicated by beachside vacation or regular sight-seeing holidays losing their market to adventurous activities such as skydiving, hot ball ballooning activities, surfing, rock or mountain climbing, caving, and other adventurous activities.

Further, the report states that one challenge affecting this market is the increase in the number of hot balloon accidents. Increase in the number of balloon accidents is hindering the participation in hot balloon events. Contact with obstacles is another key factor for balloon accidents. For instance, contact with power lines may results in serious injuries or even death of the passengers on board. In January 2018, seven people were injured, and a person was killed in a hot balloon crash in Egypt's Luxor city. The incident was caused by strong winds that forced the balloon to crash.

Companies Mentioned

Cameron Balloons

Firefly Balloons

Kubicek Balloons

Lindstrand Technologies

Ultramagic

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Global hot air ballooning equipment market - Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Global hot air ballooning equipment market - Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global hot air ballooning equipment market - - Market size and forecast 2017-2022 ($ mn)
      • Table Global hot air ballooning equipment market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Global hot air ballooning equipment market - Five forces analysis 2017
    • Table Global hot air ballooning equipment market - Five forces analysis 2022
    • Bargaining power of buyers
      • Table Global hot air ballooning equipment market - Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Global hot air ballooning equipment market - Bargaining power of suppliers
    • Threat of new entrants
      • Table Global hot air ballooning equipment market - Threat of new entrants
    • Threat of substitutes
      • Table Global hot air ballooning equipment market - Threat of substitutes
    • Threat of rivalry
      • Table Global hot air ballooning equipment market - Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger ride - Market size and forecast 2017-2022
      • Table Passenger ride - Market size and forecast 2017-2022 ($ mn)
      • Table Passenger ride - Year-over-year growth 2018-2022 (%)
    • Advertising - Market size and forecast 2017-2022
      • Table Advertising - Market size and forecast 2017-2022 ($ mn)
      • Table Advertising - Year-over-year growth 2018-2022 (%)
    • Sports - Market size and forecast 2017-2022
      • Table Sports - Market size and forecast 2017-2022 ($ mn)
      • Table Sports - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Components - Market size and forecast 2017-2022
      • Table Components - Market size and forecast 2017-2022 ($ mn)
      • Table Components - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Global hot air ballooning equipment market - Market opportunity by product
  • Customer landscape
    • Table Global hot air ballooning equipment market - Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global hot air ballooning equipment market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Global hot air ballooning equipment market - Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Global hot air ballooning equipment market - Key leading countries
    • Market opportunity
      • Table Global hot air ballooning equipment market - Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Adoption of technology in hot air balloons
    • Emphasis on providing training to pilots
    • Emergence of online reviews and easy internet access
  • Vendor landscape
    • Overview
      • Table Global hot air ballooning equipment market - Vendor landscape
    • Landscape disruption
      • Table Global hot air ballooning equipment market - Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Global hot air ballooning equipment market - Vendors covered
    • Vendor classification
      • Table Global hot air ballooning equipment market - Vendor classification
    • Market positioning of vendors
      • Table Global hot air ballooning equipment market - Market positioning of vendors
    • Cameron Balloons
      • Table Vendor overview
      • Table Cameron Balloons- Business segments
      • Table Cameron Balloons - Organizational developments
      • Table Cameron Balloons - Geographic focus
      • Table Cameron Balloons - Key offerings
    • Firefly Balloons
      • Table Vendor overview
      • Table Firefly Balloons - Business segments
      • Table Firefly Balloons- Organizational developments
      • Table Firefly Balloons- Geographic focus
      • Table Firefly Balloons - Key offerings
    • Kubicek Balloons
      • Table Vendor overview
      • Table Kubicek Balloons- Business segments
      • Table Kubicek Balloons - Organizational developments
      • Table Kubicek Balloons- Geographic focus
      • Table Kubicek Balloons- Key offerings
    • Lindstrand Technologies
      • Table Vendor overview
      • Table Lindstrand Technologies- Business segments
      • Table Lindstrand Technologies- Organizational developments
      • Table Lindstrand Technologies - Geographic focus
      • Table Lindstrand Technologies - Key offerings
    • Ultramagic
      • Table Vendor overview
      • Table Ultramagic - Business segments
      • Table Ultramagic - Organizational developments
      • Table Ultramagic - Geographic focus
      • Table Ultramagic - Segment focus
      • Table Ultramagic - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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