Enjoy complimentary customisation on priority with our Enterprise License!
The report offers extensive research analysis on the Paragliding Equipment Market, with a categorization based on Distribution Channel, including offline and online. It further segments the market by End-user, encompassing recreational and professional. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments. The report covers market trends and analysis and also includes an in-depth analysis of the rise in the number and availability of adrenaline-boosting extreme sports activities, the greater popularity of paragliding training programs and courses, and the risk of severe injuries and fatalities due to accidental falls.
To learn more about this report, View Sample PDF
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Paragliding Equipment Market. One of the major companies in the market growth analysis include:
ADVANCE Thun AG: The company offers paragliding equipment such as Alpha 7 entry level paraglider, Epsilon DLS Intermediate paraglider, IOTA DLS High B Paraglider.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Air Games SL, Apco Aviation Ltd., BGD GmbH, Dudek Paragliders s.j., Fly Market Flugsport Zubehor GmbH and Co. KG, Gin Gliders, Grupo Publico Ltda., Kontest GmbH, Kortel Design, NEO SAS, NOVA Vertriebsgesellschaft m.b.H., OZONE GLIDERS LTD., Sky Country, Sky Paragliders AS, Skywalk GmbH and Co. KG, SOL SPORTS IND and COM LTDA, SUPAIR SAS, Swing Flugsportgerate GmbH, U TURN GMBH, and Windtech Nortec S.L.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our market research and growth reports cover the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the paragliding equipment market growth is the rise in the number and availability of adrenaline-boosting extreme sports activities. Fast-paced and busy lifestyles have forced consumers to look for ways to de-stress. Therefore, the demand for leisure activities and adventure sports is on the rise, especially among urban dwellers. In addition, the growing health consciousness and the need to stay fit and healthy, are driving people toward alternative physical activities.
As a result, the popularity of outdoor and adventure sports, including wakeboarding equipment, is increasing. Adventure sports such as paragliding, skydiving, surfing, rock climbing, mountain climbing, caving, scuba diving, snorkeling, jet skiing, wakeboarding, and many others have become inherent parts of recreational activities over the last decade. Furthermore, these adrenaline-boosting activities are considered the best ways to de-stress and seek thrill in outdoor environments. Hence, such factors, including the demand for wakeboarding equipment, are driving the market growth during the forecast period.
A key factor shaping the paragliding equipment market growth is the greater popularity of paragliding training programs and courses. An increasing interest in adventure sports, improved accessibility, and technological breakthroughs in safety gear have all contributed to the skyrocketing popularity of paragliding training programs across the globe. In addition, the inclusive aspect of paragliding draws participants of all ages and backgrounds, and beginner-friendly training programs are available.
Moreover, a significant focus on safety combined with technological advancements in paragliding equipment has given participants in the sport-confidence. In addition, many training facilities place themselves in picturesque settings, making use of the attraction of breathtaking vistas to draw in thrill-seekers. Furthermore, the popularity of paragliding has been greatly influenced by its visibility on social media platforms. Hence, such factors are driving the market growth during the forecast period.
The risk of severe injuries and fatalities due to accidental falls is one of the key challenges hindering the paragliding equipment market growth. The high probability of injuries and fatal accidents related to adventure sports, including paragliding, has become one of the pertinent factors restricting the global paragliding equipment market growth. In addition, people with acrophobia are the major hindrances to this market. Furthermore, fear of heights restricts them from trying such adventure activities, including skydiving sports, which in turn drives the demand for skydiving equipment.
Moreover, most consumers, especially tourists, and people who participate in such sports for recreation, do not have sufficient knowledge or training in these sports. In addition, these customers may not know how to operate the equipment efficiently. Besides the risk of falling from a height, excessive exhaustion can also deter people from taking part in such activities. Hence, such factors are hindering the market growth during the forecast period.
Get a detailed analysis of drivers, trends, and challenges Request Free PDF Sample !
The offline segment is estimated to witness significant growth during the forecast period. Offline sales refer to sales generated through physical stores. In addition, brick-and-mortar stores allow buyers to check the products physically before purchasing them. Furthermore, retail sales and dealer sales are the two types of offline store sales discussed in the distribution channel of the global paragliding equipment market. The offline segment was the largest segment and was valued at USD 235.34 million in 2018. Moreover, dealer stores stores sell products from manufacturers at wholesale prices. On the other hand, specialty stores house popular brands of paragliding equipment and offer a wide range of brands and product portfolios. In addition, GLEITSCHIRM DIREKT, Flybubble Paragliding, Aerolight, and Super Fly are some of the popular specialty stores for paragliding equipment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
Based on the end-user, the market has been segmented into recreational and professional. The recreational segment will account for the largest share of this segment
Europe is estimated to contribute 58% during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
Technavio’s market research report analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the popular adventure sports in the region that attract tourists in Europe include paragliding, kite surfing, and hiking on mountains and glaciers. In addition, the steady growth of adventure tourism, including paragliding in Hungary, the Republic of Ireland, South Africa, Latvia, Romania, and Armenia, will result in high growth in the region. Moreover, the presence of a large number of professional players in the region is the key factor driving the paragliding equipment market in the region. Hence, such factors are driving the market growth in Europe during the forecast period.
|
Paragliding Equipment Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2023 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 9.1% |
|
Market Growth 2024-2028 |
USD 200.74 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
8.69 |
|
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
|
Performing market contribution |
Europe at 58% |
|
Key consumer countries |
US, Germany, France, Switzerland, and Italy |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
ADVANCE Thun AG, Air Games SL, Apco Aviation Ltd., BGD GmbH, Dudek Paragliders s.j., Fly Market Flugsport Zubehor GmbH and Co. KG, Gin Gliders, Grupo Publico Ltda., Kontest GmbH, Kortel Design, NEO SAS, NOVA Vertriebsgesellschaft m.b.H., OZONE GLIDERS LTD., Sky Country, Sky Paragliders AS, Skywalk GmbH and Co. KG, SOL SPORTS IND and COM LTDA, SUPAIR SAS, Swing Flugsportgerate GmbH, U TURN GMBH, and Windtech Nortec S.L. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
