Hang Glider Market
Hang Glider Market Forecasts to 2028 - Global Analysis By Product (Hang Gliders, Hang Gliding Safety Equipment, Hang Gliding Instrument), Type (Powered and Non-Powered), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.37 BN |
|
Projected Year Value (2028) |
US $1.89 BN |
|
CAGR (2022 - 2028) |
5.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Hang Glider Market is accounted for $1.37 billion in 2022 and is expected to reach $1.89 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Hang gliding is an air sport or recreational activity in which a pilot flies a light, non-motorized foot-launched heavier-than-air aircraft called a hang glider. A foot-launched hang glider is a small, non-motorized aircraft. The majority of contemporary hang gliders have a frame composed of aluminum alloy or composite material that is covered with synthetic sailcloth to create a wing. The pilot controls the aircraft by moving body weight against a control frame while attached to a harness dangling from the airframe.
According to a report, Europeans make 100 million adventure trips every year to other countries. The population aged 15-64 which was 65% of the total population of Europe opts for hang gliding sport.
Market Dynamics:
Driver:
An upsurge in adventure sports activities
Adventure sports have traditionally been important in leisure pursuits. The desire for extreme adrenaline sports like hang gliding is driven by stress and disease due to a change in lifestyle. A modest amount of physical activity is required for hang gliding, which helps to increase cardiovascular fitness. In addition, rising disposable income among the populace and increased awareness of the value of leisure activities are predicted to promote market expansion.
Restraint:
Limited lifting capacity
Most hang gliders are used for leisure flight, where gentle behavior, particularly near the stall and natural pitch stability, are valued. Passengers are typically limited to 175 pounds (80 kg) or less. The journey is impacted by excessive weight since the passenger cannot fly for extended periods of time. A heavier glider sinks more quickly as velocity increases. This obstacle prevents the market from expanding.
Opportunity:
Raising demand for non-powered hang gliders
Small weight, portability and simplicity of construction and disassembly are the main reasons many enthusiasts favour non-powered gliders over powered ones. Because the glider's noises won't frighten the wildlife, it offers a calmer ride that will put the sportsperson in closer contact with nature and increase their chances of observing wildlife. They were created specifically so that they could be transformed into motorized hang gliders with simplicity. The market for hang gliders is expanding more quickly because of these factors.
Threat:
Safety issues
Even while hang gliding has the potential to be among the most tranquil activities on the planet, there are several potential hazards. There is a one in a thousand probability of dying during a ride. It is therefore riskier than scuba diving. Poor weather, pilot mistake, other gliders or aircraft in the sky, equipment failure, and other issues might result in injury or death, which is severely impeding the market's growth.
Covid-19 Impact
Devastation caused by the Corona virus has spread across the world. In practically every nation, lockdowns and severe social segregation have been put into place. The outbreak has severely damaged world systems. The closure had an adverse effect on the businesses' potential future growth through the interruption of the supply chain. Due of the outbreak, businesses suffered substantial losses since they were unable to make money all year. The construction of hang gliders will be more adaptable after COVID-19.
The non-powered segment is expected to be the largest during the forecast period
The non-powered segment is estimated to have a lucrative growth, due to its easy interchangeability. Compared to motorized hang gliders, non-powered ones are less expensive. They have improved advancements in terms of weight, material, and quality and are quite lightweight. They are generally constructed with people's comfort and convenience in mind, which is what, is causing the global market for hang gliders to expand.
The hang gliding safety equipment segment is expected to have the highest CAGR during the forecast period
The hang gliding safety equipment segment is anticipated to witness the fastest CAGR growth during the forecast period. The glider, a harness, and a helmet are all part of the hang gliding gear. The apparatus is lightweight, stiff, and has a strong frame that can bear the weight of the pilot. While in the air, they offer safe support and comfort. The segment's growth is being fuelled by all of these aspects.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. The number of hang gliding aficionados in this area is constantly increasing. The US is one of the most popular hang gliding destinations since so many locations there are conducive to the activity. Every year, there are several events held in the US for hang gliding fans. The demand for hang gliding equipment is increasing in the North American area due to the rising popularity of adventure sports and the abundance of hang gliding organizations and schools.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. Sports are becoming better known in this region, and recreational flying is becoming more and more popular in developing nations like China and India. The number of championships held for activities involving flight is rapidly increasing. This area also hosts events like the "Asian Championship," in which competitors from 18 nations showed off their abilities in a variety of soaring disciplines, including long-distance flying, high-speed flying, and formation flying. Additionally, the market expansion in the APAC region is being fueled by the rising popularity of extreme sports and adventure travel.
Key players in the market
Some of the key players profiled in the Hang Glider Market include The Helmet Shop, Apco Aviation, Wills Wings Inc., QUASAR, Moyes Delta Gliders, Stilescom, Aeros Company, Charly Produkte, Airborne Windsports Pty Ltd, Kortel Designs, North Wing, La Mouette, Avian Limited, Albatross Flying Systems, Icaro Paragliders and Finsterwalder GmbH.
Key Developments:
In July 2019, Wills Wing Company launched the new T3 competitive hang glider. The T3 is indeed a revolution in competitive market with its notable wingtips design element. T3 is remarkable in handle and control authority, the wills wing added that it makes it so much better to heat with, allowing you a slower and more accurate rise.
In August 2016, Avian Limited announced that the company is up for sale. The company is looking for a potential buyer with engineering know-how and a maybe a desire to do something totally different from their current job.
Products Covered:
• Hang Gliders
• Hang Gliding Safety Equipment
• Hang Gliding Instrument
Types Covered:
• Powered
• Non-Powered
End Users Covered:
• Professional User
• Recreational User
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hang Glider Market, By Product
5.1 Introduction
5.2 Hang Gliders
5.3 Hang Gliding Safety Equipment
5.4 Hang Gliding Instrument
6 Global Hang Glider Market, By Type
6.1 Introduction
6.2 Powered
6.3 Non-Powered
7 Global Hang Glider Market, By End User
7.1 Introduction
7.2 Professional User
7.3 Recreational User
8 Global Hang Glider Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 The Helmet Shop
10.2 Apco Aviation
10.3 Wills Wings Inc.
10.4 QUASAR
10.5 Moyes Delta Gliders
10.6 Stilescom
10.7 Aeros Company
10.8 Charly Produkte
10.9 Airborne Windsports Pty Ltd
10.10 Kortel Designs
10.11 North Wing
10.12 La Mouette
10.13 Avian Limited
10.14 Albatross Flying Systems
10.15 Icaro Paragliders
10.16 Finsterwalder GmbH
List of Tables
1 Global Hang Glider Market Outlook, By Region (2020-2028) ($MN)
2 Global Hang Glider Market Outlook, By Product (2020-2028) ($MN)
3 Global Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
4 Global Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
5 Global Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
6 Global Hang Glider Market Outlook, By Type (2020-2028) ($MN)
7 Global Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
8 Global Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
9 Global Hang Glider Market Outlook, By End User (2020-2028) ($MN)
10 Global Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
11 Global Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
12 North America Hang Glider Market Outlook, By Country (2020-2028) ($MN)
13 North America Hang Glider Market Outlook, By Product (2020-2028) ($MN)
14 North America Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
15 North America Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
16 North America Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
17 North America Hang Glider Market Outlook, By Type (2020-2028) ($MN)
18 North America Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
19 North America Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
20 North America Hang Glider Market Outlook, By End User (2020-2028) ($MN)
21 North America Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
22 North America Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
23 Europe Hang Glider Market Outlook, By Country (2020-2028) ($MN)
24 Europe Hang Glider Market Outlook, By Product (2020-2028) ($MN)
25 Europe Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
26 Europe Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
27 Europe Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
28 Europe Hang Glider Market Outlook, By Type (2020-2028) ($MN)
29 Europe Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
30 Europe Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
31 Europe Hang Glider Market Outlook, By End User (2020-2028) ($MN)
32 Europe Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
33 Europe Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
34 Asia Pacific Hang Glider Market Outlook, By Country (2020-2028) ($MN)
35 Asia Pacific Hang Glider Market Outlook, By Product (2020-2028) ($MN)
36 Asia Pacific Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
37 Asia Pacific Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
38 Asia Pacific Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
39 Asia Pacific Hang Glider Market Outlook, By Type (2020-2028) ($MN)
40 Asia Pacific Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
41 Asia Pacific Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
42 Asia Pacific Hang Glider Market Outlook, By End User (2020-2028) ($MN)
43 Asia Pacific Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
44 Asia Pacific Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
45 South America Hang Glider Market Outlook, By Country (2020-2028) ($MN)
46 South America Hang Glider Market Outlook, By Product (2020-2028) ($MN)
47 South America Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
48 South America Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
49 South America Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
50 South America Hang Glider Market Outlook, By Type (2020-2028) ($MN)
51 South America Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
52 South America Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
53 South America Hang Glider Market Outlook, By End User (2020-2028) ($MN)
54 South America Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
55 South America Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
56 Middle East & Africa Hang Glider Market Outlook, By Country (2020-2028) ($MN)
57 Middle East & Africa Hang Glider Market Outlook, By Product (2020-2028) ($MN)
58 Middle East & Africa Hang Glider Market Outlook, By Hang Gliders (2020-2028) ($MN)
59 Middle East & Africa Hang Glider Market Outlook, By Hang Gliding Safety Equipment (2020-2028) ($MN)
60 Middle East & Africa Hang Glider Market Outlook, By Hang Gliding Instrument (2020-2028) ($MN)
61 Middle East & Africa Hang Glider Market Outlook, By Type (2020-2028) ($MN)
62 Middle East & Africa Hang Glider Market Outlook, By Powered (2020-2028) ($MN)
63 Middle East & Africa Hang Glider Market Outlook, By Non-Powered (2020-2028) ($MN)
64 Middle East & Africa Hang Glider Market Outlook, By End User (2020-2028) ($MN)
65 Middle East & Africa Hang Glider Market Outlook, By Professional User (2020-2028) ($MN)
66 Middle East & Africa Hang Glider Market Outlook, By Recreational User (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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