Global Paragliding Equipment Market 2019-2023
Paragliding is a recreational adventure air sport. It is a free-flying activity where the participants need equipment like gliders, harnesses and reserve parachutes, helmets, and other equipment, which can fit in a backpack.
Technavio’s analysts forecast the Global Paragliding Equipment Market to grow at a CAGR of 4.02% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the paragliding equipment market. To calculate the market size, the report considers the sales of different types of paragliding equipment across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Paragliding Equipment Market 2019-2023
Technavio recognizes the following companies as the key players in the global paragliding equipment market: ADVANCE, NEO, NOVA, OZONE GLIDERS, and SUP’AIR.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the rapid technological advances that have led to innovative equipment and improved product features. Some of the leading paragliding equipment manufacturers have introduced helmet cameras to capture the most minute details about the jumpers, as these cameras are equipped with upgraded sensors to take clearer and brighter pictures than a normal camera.”
According to the report, one driver influencing this market is the rise in the number and availability of adrenaline-boosting extreme sports activities. The growing health-consciousness and a greater need to stay fit are driving people towards alternate physical activities which is expected to augment the growth of the global paragliding equipment market over the next few years.
Further, the report states that one challenge affecting this market is the easy availability of pre-owned and rented paragliding equipment. Consumers prefer renting pre-owned equipment than purchasing them which affects the sales of paragliding equipment and hinders the growth of the market.