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Paragliding Equipment Market Analysis Europe, APAC, North America, Middle East and Africa, South America - US, Germany, France, Switzerland, Italy - Size and Forecast 2024-2028

Paragliding Equipment Market Analysis Europe, APAC, North America, Middle East and Africa, South America - US, Germany, France, Switzerland, Italy - Size and Forecast 2024-2028

Published: Dec 2023 155 Pages SKU: IRTNTR41380

Market Overview at a Glance

$200.74 Mn
Market Opportunity
9.1%
CAGR
8.69
YoY growth 2023-2024(%)

Paragliding Equipment Market 2024-2028

  • The global paragliding equipment market size is estimated to grow by USD 200.74 million between 2023 and 2028
  • The market is accelerating at a compound annual growth rate of 9.1%.

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.

Paragliding Equipment Market Size

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Paragliding Equipment Market Major Companies

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.

Paragliding Equipment Market Size And Market Dynamic

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.

Key Paragliding Equipment Market Drivers

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.

Significant Paragliding Equipment Market Trends

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.

Major Paragliding Equipment Market Challenges

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.

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Paragliding Equipment Market Segmentation And Region

By Distribution Channel

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.

Paragliding Equipment Market Size

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By End-user

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

Geographical Analysis

Paragliding Equipment Market Share by Geography

Europe is estimated to contribute 58% during the forecast period.

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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.

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What are the Key Data Covered in this Paragliding Equipment Market Market Research Report?

  • CAGR of the market during the forecast period 2024-2028
  • Detailed information on factors that will drive paragliding equipment market growth during the next five years
  • Precise estimation of the paragliding equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the paragliding equipment market across Europe, APAC, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on companies
  • Comprehensive details of factors that will challenge the growth of paragliding equipment market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Paragliding Equipment market growth will increase by $ 200.74 mn during 2024-2028.

The Paragliding Equipment market is expected to grow at a CAGR of 9.1% during 2024-2028.

Paragliding Equipment market is segmented by Distribution Channel( Offline, Online, Protective gears, Others) End-user( Recreational, Professional)

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, Windtech Nortec S.L. are a few of the key vendors in the Paragliding Equipment market.

Europe will register the highest growth rate of 58% among the other regions. Therefore, the Paragliding Equipment market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

US, Germany, France, Switzerland, Italy

  • Greater popularity appeal of paragliding as a competitive sportCompetitive paragliding includes the following sports disciplines: Cross-country flying In such competitions is the driving factor this market.
  • the participants land at different points than the departure point. It is the classical form of paragliding competition where championships take place at the club is the driving factor this market.
  • regional is the driving factor this market.
  • national is the driving factor this market.
  • and international levels. Paragliding World Championships (PWC) is one such example. Aerobatic competitions The participants in such competitions are required to perform exciting maneuvers. Competitions are organized for individual pilots and in pairs is the driving factor this market.
  • where the pilots show synchronized performances. These competitions are the most exciting for spectators. Acromax is the driving factor this market.
  • Acroandes is the driving factor this market.
  • and Aerobatics Paragliding World Cup are examples of these competitions. Bivouac flying competitions In such competitions is the driving factor this market.
  • a certain route must be covered or flown over several days. Red Bull X-Alps is one such example. These competitions are very popular among professional paragliders is the driving factor this market.
  • which is expected to boost the market through the professional users segment during the forecast period. The surging popularity of adventure sports has encouraged an increasing number of people to participate in those sports. Over the past decade is the driving factor this market.
  • adventure sports such as paragliding have become popular as recreational activities in many regions is the driving factor this market.
  • such as Europe is the driving factor this market.
  • owing to several long-term mental and physical benefits associated with adventure sports. Governments and tour operators across many countries organize several promotional campaigns to raise awareness about adventure sports. Also is the driving factor this market.
  • factors such as a change in demographics and lifestyles is the driving factor this market.
  • along with a considerable increase in recreational expenditures is the driving factor this market.
  • have helped in increasing the popularity of such sports activities. Thus is the driving factor this market.
  • these factors will propel growth in the global paragliding equipment market during the forecast period. is the driving factor this market.

The Paragliding Equipment market vendors should focus on grabbing business opportunities from the Offline segment as it accounted for the largest market share in the base year.