Global Paragliding Equipment Market 2019-2023 | Availability of Adrenalin-boosting Extreme Sports Activities to Spur Growth | Technavio

LONDON–(BUSINESS WIRE)–#ADVANCETechnavio
analysts forecast the global paragliding equipment market to grow at a
CAGR of over 4% during the forecast period, according to their
latest market research report. However, the growth momentum of the
market is expected to decelerate due to a decline in the year-over-year
growth.


The advent of innovative cameras and drones is one of the major trends
being witnessed in the global
paragliding equipment market 2019-2023
. Rather than just taking
part in the activities, adventure sports enthusiasts love to get
captured while in the act, to relive the moment later. GoPro cameras are
new in the field of innovative cameras. These cameras are handy, which
allows jumpers to enjoy the adrenaline-fueled action and record their
experiences better than normal cameras.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global paragliding equipment market is the rise in the
number and availability of adrenalin-boosting extreme sports activities:

Global paragliding equipment market: Rise in
the number and availability of adrenalin-boosting extreme sports
activities

Fast-paced and busy lifestyles have compelled consumers to look out for
ways to de-stress. Hence, the demand for leisure activities and
adventure sports is on the rise, particularly among urban dwellers. This
together with the growing health consciousness and need of staying fit
and healthy are driving people towards alternative physical activities.
Therefore, the popularity of outdoor and adventure sports is increasing.

According to a senior analyst at Technavio, “Adventure sports, like
paragliding, skydiving, surfing, mountain climbing, caving, scuba
diving, snorkeling, surfing, jet skiing, and many other activities have
become inherent parts of recreational activities over the last decade.
These adrenalin-boosting activities are the best ways to de-stress. The
physical and mental health benefits of these activities have also
encouraged people to participate in these activities.”

Global paragliding equipment market:
Segmentation analysis

The global paragliding equipment market research report provides market
segmentation by product (paragliders, harnesses, and reserve parachutes,
protective gears, and others), by end-user (recreational and
professional), by distribution channel (offline and online channel), and
by region (the Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

In 2018, the paragliders held the largest market share in the product
segment, contributing to over 47% of the market. This product segment
will dominate the global market throughout the forecast period.

EMEA held the largest share of the market in 2018, accounting for close
to 68% share, followed by EMEA and APAC respectively. The region is
expected to continue to dominate the market during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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