The global air sports equipment market size is expected to reach USD 30.7 billion by 2030, registering a CAGR of 8.1% from 2024 to 2030. Increasing participation in the extreme sports by college graduates and working professionals is expected to be a key factor driving the market over the forecast period. Moreover, supportive policies by the governments of developed countries including U.S. and U.K. on promoting spending on outdoor recreational activities are expected to expand the scope for various equipment over the next few years.
Over the past few years, popularity of the extreme sports has grown significantly owing to increasing adoption among millennials, college grads, working professionals, and older adults in order to experience thrill in the outdoor activity. Moreover, social media, movies, and cinemas have played an important role in promoting these extreme sports across the globe. Participation of customers of different age groups in various outdoor recreational activities has increased significantly in the past few years.
According to the statistics provided by the United States Parachute Association (USPA), out of the total jumpers, 11.2% of them were retired by occupation. This implies older adults have been increasingly participating in the extreme sports. This significant increase in the participation among old adults is expected to drive the demand for air sports equipment in the foreseeable future.
Europe was the largest market, accounting for a share of more than 35.0% in 2018 owing to presence of favorable geographical conditions such as hills and mountains in the region. The market is expected to witness significant growth in the coming years owing to growing adventurous sports tourism. European countries including U.K., France, Italy, Switzerland, Spain, and Hungary are some of the prominent countries with the highest penetration of the air sports including ziplining, parachuting, paragliding, wingsuit flying, and canopy piloting.
Major manufacturers are Velocity Sports Equipment; Aerodyne Research, LLC; OZONE POWER LTD; SUP’AIR; Peregrine Manufacturing, Inc.; Sunrise Manufacturing International Inc.; Sun Path Products, Inc.; Mirage Systems, Inc.; Firebird USA LLC; and Flyneo.com. New product developments in terms of high-end protective apparel for addressing human biomechanics are expected to remain favorable for the air sports equipment industry growth.
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Over the past few years, popularity of the extreme sports has grown significantly owing to increasing adoption among millennials, college grads, working professionals, and older adults in order to experience thrill in the outdoor activity. Moreover, social media, movies, and cinemas have played an important role in promoting these extreme sports across the globe. Participation of customers of different age groups in various outdoor recreational activities has increased significantly in the past few years.
According to the statistics provided by the United States Parachute Association (USPA), out of the total jumpers, 11.2% of them were retired by occupation. This implies older adults have been increasingly participating in the extreme sports. This significant increase in the participation among old adults is expected to drive the demand for air sports equipment in the foreseeable future.
Europe was the largest market, accounting for a share of more than 35.0% in 2018 owing to presence of favorable geographical conditions such as hills and mountains in the region. The market is expected to witness significant growth in the coming years owing to growing adventurous sports tourism. European countries including U.K., France, Italy, Switzerland, Spain, and Hungary are some of the prominent countries with the highest penetration of the air sports including ziplining, parachuting, paragliding, wingsuit flying, and canopy piloting.
Major manufacturers are Velocity Sports Equipment; Aerodyne Research, LLC; OZONE POWER LTD; SUP’AIR; Peregrine Manufacturing, Inc.; Sunrise Manufacturing International Inc.; Sun Path Products, Inc.; Mirage Systems, Inc.; Firebird USA LLC; and Flyneo.com. New product developments in terms of high-end protective apparel for addressing human biomechanics are expected to remain favorable for the air sports equipment industry growth.
Air Sports Equipment Market Report Highlights
- By application, parachuting held the largest share of above 41.5% in 2023 due to increasing enthusiasm among millennials, college grads, and working professionals, coupled with availability of safer equipment and ease of access to the sport
- The container dominated the market and accounted for the largest market share of 64.6% in 2023.
- Europe was the largest regional air sports equipment market, accounting for a share of more than 38.6% in 2023
- Asia Pacific is expected to expand at a CAGR of 9.0% from 2024 to 2030
The leading players in the Air Sports Equipment market include:
- Velocity Sports Equipment Sdn Bhd.
- Parachute Industry Association
- Ozone Paragliders LTD.
- SUP’AIR
- Peregrine Manufacturing, Inc.
- AdrenalinBASE
- Sun Path Products, Inc.
- Mirage Systems
- Apco Aviation Ltd.
- Flyneo
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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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 Market: Product Estimates & Trend Analysis
Chapter 5. Air Sports Equipment Market: Application Estimates & Trend Analysis
Chapter 6. Air Sports Equipment Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Air Sports Equipment market include:- Velocity Sports Equipment Sdn Bhd.
- Parachute Industry Association
- Ozone Paragliders LTD.
- SUP’AIR
- Peregrine Manufacturing, Inc.
- AdrenalinBASE
- Sun Path Products, Inc.
- Mirage Systems
- Apco Aviation Ltd.
- Flyneo
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 17.8 Billion |
| Forecasted Market Value ( USD | $ 30.7 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
