Product ID: UCMIG25J2014
Air Sports Equipment Market Size, Share, Growth Analysis, By Product(Container/Harness, Protective Gears), By Application(Parachuting, Paragliding), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG25J2014 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Air Sports Equipment Market Insights
Market Overview:
In 2018, the market for air sports gear was estimated to be worth USD 14.9 billion. Over the course of the forecast period, market growth is anticipated to be significantly influenced by the growing popularity of adventure sports among millennials. Additionally, the demand for air sports gear used in a variety of sports like parachuting, paragliding, wingsuit flying, and ziplining is rising due to an increase in outdoor recreational activity participation around the world. Due to shifting attitudes among millennials, college graduates, working professionals, and older persons who seek exhilarating and enjoyable experiences through involvement in adventurous activities, extreme sports have exponentially increased in popularity in recent years.
Air Sports Equipment Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Air Sports Equipment Market Report Snapshots
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