Global Air Sports Equipment Market Report 2025 size is expected to reach USD 23.4 billion by 2025, according to Million Insights, registering a 6.7% 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.
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Market Synopsis of Air Sports Equipment Market:
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% 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.
In 2018, Europe held the largest market share of over 35.0% 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.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-air-sports-equipment-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Air Sports Equipment: Market Variables, Trends & Scope
Chapter 4 Air Sports Equipment: Product Estimates & Trend Analysis
Chapter 5 Air Sports Equipment: Application Estimates & Trend Analysis
Chapter 6 Air Sports Equipment: End-use Estimates & Trend Analysis
Chapter 7 Air Sports Equipment: Industrial End-use Estimates & Trend Analysis
Chapter 8 Air Sports Equipment: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Air Sports Equipment: Manufacturers Company Profiles
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