Global Parasailing Equipment Market 2017-2021
About Parasailing Equipment
Parasailing is an adventure kiting activity that is also known as parascending or parakiting. It is an airborne activity and is of two types: aquatic and terrestrial. The user needs equipment like parasail, harness, rope, and safety gear like a helmet and life jacket. The harness binds the parasailer to the parasail, and the parasailer is towed by a speedboat, car, or truck.
Technavio’s analysts forecast the global parasailing equipment market to grow at a CAGR of 4.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global parasailing equipment market for 2017-2021. To calculate the market size, the report considers sales value of new and replacement equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Parasailing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global parasailing equipment market: Custom Chutes, Sport Chutes Over Texas, Commercial Water Sports, Ascending Parachutes International, Waterbird Parasails, and Sportlite.
Other Prominent Vendors in the market are: Alp Aksu Boats, Pegasus Parasails, NauticExpo, Paradise Mount, and Hovel International Parasail.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is wheelchair parasailing. The first prototype of wheelchair used in parasailing involved a wheelchair with a new front-end design and a modular third wheel in the front of the chair. The wheelchair converted into an off-road chair, enabling wheelchair users to easily maneuver on hiking trails with a suspension built into the rear axle.”
According to the report, one driver in the market is high replacement of parasailing equipment. Parasailing is an adventure sport with chances of risk to life if safety is neglected. All parasailing equipment are fit for use in normal as well as adverse conditions. They are fitted, inspected, maintained, replaced, and used in accordance with manufacturers’ specification. The equipment is of high quality but needs to be checked every day for their airworthiness.
Further, the report states that one challenge in the market is weather conditions. Changes in weather such as extreme heat, cold, and humidity can lead to unpleasant water sporting experiences. During the rainy season, which lasts between July and September, severe thunderstorms and hurricanes can develop in the US. Winters (November to January) witness heavy snowfall. The Ring of Fire located in the Pacific Ocean basin aids in the development of various seasonal uncertainties, thus hindering the markets in APAC and the Americas, which are the two most prominent regions for parasailing.
Custom Chutes, Sport Chutes Over Texas, Commercial Water Sports, Ascending Parachutes International, Waterbird Parasails, and Sportlite.Other Prominent Vendors in the market are: Alp Aksu Boats, Pegasus Parasails, NauticExpo, Paradise Mount, and Hovel International Parasail.
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