Technological advancement in Parasailing equipment-Ken Research

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Global Parasailing Equipment is Expected To Reach
USD 22.6 Million by 2022 Owing to Rise in
Popularity of Parasailing as a Recreational
Professional Sport, High Replacement Rate of
Equipments and Increasing Popularity of
Wheelchair Parasailing Ken Research
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The report provides a comprehensive analysis of
global parasailing market introduction, market
nature, market size and market segmentations by
Equipments (Parasailing Tow Line, Parasailing
Harness, Parasail and Parasailing Protective
Gear), by Region (Americas, Europe, APAC MEA),
by New Existing Demand and by Distribution
Channel (Company Stores and Specialty Stores,
Online, Hypermarkets and Others). The report
extensively covers the entire value chain
persisting in global parasailing market, analyst
recommendations, SWOT Analysis along with
competition scenario and competitive landscape of
major players including Custom Chutes, Ascending
Parachutes International, Waterbird Parasails,
Sportlite, Alp Aksu Boats, Pegasus Parasails,
Nautic Expo, Paradise Mount, Hovel International
Parasail and others. The report facilitates the
reader with the identification and in-depth
analysis of the existing and future trends and
issues that impacts the industry. It provides the
reader an idea regarding growth in the future
depending upon changing industry dynamics in
coming years. The report is useful for water
sports equipment manufacturers, parasailing
equipment manufacturers, distributors, specialty
sporting goods stores, department stores,
e-commerce portals, customers and other
stakeholders to plan their market centric
strategies in accordance with the ongoing and
expected trends in the future.
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Parasail priced up to USD 2,500 is the highest
selling products in the market. These are
generally bought by professionals, parasailing
camps, adventure sports agencies and rental
stores. These are primarily bought through
company stores and specialty stores. South
Africa, Australia, New Zealand, Brazil and Mexico
have been major hotspots for catering high demand
for parasailing activities in 2017. US has been
the market leader in terms of manufacturing and
consumption demand of parasailing equipments
worldwide. Major players operating in the region
include Custom Chutes and Ascending Parachutes
International. These players would dominate the
competition landscape even in the forecasted
period due to higher investments done towards new
product launches and brand marketing
activities. Owing to rise in stringent government
regulations expected in future, protective
parasailing gear products share is expected to
expand within the parasailing equipment category
in the forecast period. Growth in the market was
supported by the factors such as an increasing
interest towards water sports activities in the
developing countries especially in France,
Germany, Australia, South Africa and New Zealand.
Other factors such as high replacement rate of
the parasailing equipments, technological
advancements to enhance safety and spread of
awareness of the physical and mental benefits
associated with the sport have surged market
growth.
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One of the major innovations done in their
products includes the redesign of the original
16-panel parasail, to a more efficient, high
lift, low drag canopy (HLLD). This development
work continues into its second decade and allows
commercial parasail operators to fly larger
canopies with heavier payloads in a safer
environment. A high rate of replacement of major
parasailing equipments has been a strong factor
that supported market growth. Parasailing is a
very risky and highly adventurous sport. It
manifests a high risk of losing life in case of
ignorance of even smallest of safety checks.
Hence, majority of the equipments used for
parasailing are chosen according to the
manufacturers instructions. Technological
advancements are generally made towards using
best quality and long lasting material, to
enhance safety associated with the sport. Hence,
the replacement rate of the equipments is higher
in comparison to the other water sports
equipments. In addition, there has been an
increase in the number of water sports facilities
worldwide that has raised the number of
parasailing destinations. For instance, the
Andhra Pradesh government in India launched
multiple number of water sports facilities in
2016, with the purpose of providing multiple
options for adventure water sports activities
that includes parasailing. Moreover, in the
recent years parasailing activities like
wheelchair parasailing have gained a significant
importance among the people.
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For more information on the research report,
refer to below link https//www.kenresearch.com/c
onsumer-products-and-retail/sporting-equipments/gl
obal-parasailing-equipment-market/149547-95.html
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com91-9015378249
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