Latest News- Air Sports Equipment Market: Paraglider/canopy/reserve parachute is expected to lead the Product segment during 2025-2029

The Air Sports Equipment Market is being driven by Growing prominence of competitive air sports

The Air Sports Equipment Market is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1905.6 million. Air sports equipment market witnesses significant growth due to continuous technological innovations. Key players in the industry invest heavily in research and development to enhance safety, security, and comfort for users. Technological advancements include fabric design, system engineering, mechanical design, control systems, and rigging and packaging. An illustrative example is the Automatic Activation Device (AAD), an electronic-pyrotechnic or mechanical system that deploys the reserve parachute automatically when jumpers fail to do so manually. This innovation significantly improves safety in air sports. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Paraglider/canopy/reserve parachute
  • Container and harness
  • Protective gear
  • Others
• Application
  • Skydiving
  • Paragliding
  • BASE jumping
  • Bungee jumping
• Distribution Channel
  • Offline
  • Online
• End-user
  • Competitive sports
  • Recreational sports
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing prominence of competitive air sports
• Increasing popularity of extreme adventure activities
• Multiple health-promoting benefits associated with air sports

However, the market also witnesses some limitations, which are as follows:

• Risk of fatal falls and severe injuries associated with air sports
• Expensive nature of air sports
• Risks and limitations due to volatile weather conditions

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Market Scope in Air Sports Equipment Market Research Report

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Research Analysis Overview

The Air Sports Equipment Market encompasses equipment for adventure sports like parachuting, paragliding, wingsuit flying, and ziplining, popular among millennials, college grads, working professionals, older adults, and youngsters. Driven by personal disposable income, social media, movies, and cinemas, this market is booming in developed and developing economies. Products include flight gear, harnesses, variometers, fly masters, and innovative offerings like skywalks. The Outdoor Industry Association reports increasing awareness and participation in outdoor recreational activities, benefiting this sector. Generation X also contributes significantly to this market.

Market Research Overview

The Air Sports Equipment segment, a subcategory of the larger Leisure Products Market, experiences significant growth due to increasing participation in adventure sports among millennials and college graduates. This demographic values experiential activities, leading to a surge in demand for equipment related to parachuting, paragliding, wingsuit flying, ziplining, and extreme sports. The global household durables market, which includes leisure products, is projected to expand substantially, driven by the rise in health and fitness club memberships, which has reached an all-time high, and the increasing disposable income of consumers. This trend is expected to continue, boosting the demand for air sports equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/