(MENAFN – GetNews) According to new report available with Million Insights, the global air sports equipment industry report includes in-depth market analysis by recent technologies, market size, share, trends, opportunities, challenges, key players and business strategies considering types, segment and future analysis.

The global  air sports equipment market  size is expected to reach USD 23.4 billion by 2025, according to Million Insights, registering a 6.7{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} CAGR over the forecasted period, from 2019 to 2025. Rising number of air sports participants including college grads, working professionals and old age group to experience thrill and joy is expected to drive the growth of this market. In addition, government supportive policies in developed countries such as U.K. and U.S. for promoting outdoor recreational activities is expected to spur the demand for air sports equipment.

In recent years, cinemas, movie and social media play an important role to promote air sports among different age groups which is expected to fuel the demand for air sports equipment. Additionally, the participation of these age groups is increased in recreational activities, in recent years. United States Parachute Association (USPA) reported that 11.2{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} of jumpers are retired from their profession. This indicates older age groups is increasingly participating in such sports. Hence, rising participation of old aged people is projected to boost the demand for this equipment over the forecast period.

To download the sample PDF of ‘Air Sports Equipment Market Report please click here:

In 2018, Europe held the largest market share of over 35.0{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} due to existence of favorable geographical environment like hill and mountains. The market is expected to have significant growth owing to the increasing popularity of tourism in adventurous sports. Countries such as Spain, Hungary, Switzerland, and France are some of the prominent countries to contribute major share in the regional market growth.

Major companies operating in air sports equipment market are Sunrise Manufacturing International Inc.; OZONE POWER LTD; Mirage Systems, Inc.; Flyneo.com; Firebird USA LLC; Aerodyne Research, LLC; Velocity Sports Equipment; Sun Path Products, Inc. and SUP’AIR. Technological advancement in air sport equipment, and product development are key strategies implemented by manufactures to cater to customers demand.

To browse report summary & detailed TOC, please click the link below:

Further key findings from the report suggest:

• In 2018, parachuting application accounted for the largest market share of over 40.0{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} owing to increasing popularity of air sports among working professionals, college grads, coupled with availability of advanced equipment and easy access of sports.

• Container/Harness held the largest market share of 60.0{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42}, in 2018, as it plays an important role in several activities such as canopy piloting, wingsuit flying, and ziplining.

• In 2018, Europe accounted for the largest market share of more than 35.0{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} in terms of revenue.

• Asia Pacific is projected to grow with the fastest CAGR of 7.5{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} over the forecast period.

• Major players include OZONE POWER LTD, Firebird USA LLC, Flyneo.com. Aerodyne Research, LLC, SUP’AIR, Velocity Sports Equipment and Peregrine Manufacturing, Inc.

Million Insights Inc. has segmented the global air sports equipment market on the basis of product, application, and region:

Air Sports Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)
    • Container/Harness
    • Protective Gears
    • Others

Air Sports Equipment Application Outlook (Revenue, USD Million, 2015 – 2025)
    • Parachuting
    • Paragliding
    • Hang Gliding
    • Others

Air Sports Equipment Regional Outlook ((Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • U.K
        • Spain
        • France
    • Asia Pacific
        • Thailand
        • Malaysia
        • Indonesia
    • Central & South America
    • Middle East & Africa
        • UAE

Browse the Latest Market Research Reports with Million Insights:

Cleaning Robot Market – The global cleaning robot market size is projected to touch USD 6.2 billion by the end of 2025. It is estimated to grow with a CAGR of 14.6{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} over the estimated duration.

Online Laundry Service Market – The global online laundry service market size is anticipated to register revenue of USD 113.7 Billion by the year 2025. It is expected to grow with 35.8{066dbc63777e5ed549f406789d72fdeebd77a32711d57f7b38ff2b35c4ba2a42} CAGR over the forecasted period, 2019 to 2025. The increasing demand for washing of clothes in laundry owing to convenience is expected to drive the market growth.

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address: Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: […]


Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.