Global Paragliding Equipment Market 2017-2021
About Paragliding Equipment
Paragliding is one of the recreational adventure aero-sport activities. It is a free flying activity where the participants need equipment like gliders and harnesses, which can fit in a backpack. Participants of this adventure are launched with the help of a crane or a tow either from a hill or a cliff. Sometimes a backpack motor called paramotoring is also used to launch the pilots.
Technavio’s analysts forecast the global Paragliding Equipment market to grow at a CAGR of 4.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global paragliding equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of different types of paragliding equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Paragliding Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global paragliding equipment market: ADVANCE, NEO, NOVA, OZONE GLIDERS, and SUPAIR.
Other Prominent Vendors in the market are: AirCross, APCO Aviation, COMPASS, Dudek Paragliders, ICARO Paragliders, Independence, SOL Paragliders, Swing Flugsportgeräte, U-Turn, and Windtech – Nortec.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is product innovations to improve features. The key competitors are offering paragliding equipment for regular adventurists and travelers. They are continuously innovating in terms of materials, weight, and quality. The demand for technologically advanced paragliding equipment from customers is constantly increasing because of a rise in the complexities of natural environments. Therefore, companies are manufacturing paragliding equipment to make trips safe, secure, and comfortable.”
According to the report, one of the major drivers for this market is growing global interest in adventure activities. Adventure sports, like paragliding, skydiving, surfing, rock, mountain climbing, caving, scuba diving, snorkeling, surfing, jet skiing, wakeboarding, and many other activities have become an inherent part of recreational activities over the past decade. Recently, there has been an increased emphasis on such activities by various government bodies, especially tourism boards. This is done to increase the revenue generated from the tourism industry.
Further, the report states that one of the major factors hindering the growth of this market is influx of pre-owned paragliding equipment. Consumers engage in hard adventure activities only during a few days of the year. Therefore, some travelers prefer renting paragliding equipment instead of purchasing them. The rental business tends to impact the sales of new paragliding equipment, especially the premium paragliding equipment. Availability of products on a rental basis helps customers to choose from a wide range of paragliding equipment brands. Rental stores for paragliding equipment like PARATROC and Paradrenalin have emerged because of a rise in the participation in outdoor activities.
ADVANCE, NEO, NOVA, OZONE GLIDERS, SUPAIR, AirCross, APCO Aviation, COMPASS, Dudek Paragliders, ICARO Paragliders, Independence, SOL Paragliders, Swing Flugsportgeräte, U-Turn, and Windtech – Nortec.