Water sports equipment market, Global Parasailing equipment market-Ken Research

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Global Parasailing Equipment Market Outlook to
2022-Ken Research
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The report titled Global Parasailing Equipment
Market Outlook to 2022 - 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) 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.
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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. Market Size and Overview Market
Overview International tourist arrivals and
international tourism expenditure has been
increasing at a steady pace over the review
period (2012-2017), globally. Coupled with an
increase in interest of people towards soft
adventure sports, rising popularity of
parasailing adventure sports and growing
awareness regarding fitness-benefits of opting
parasailing has supported growth in this
industry. Americas has been the biggest market in
terms of expenditure incurred by consumers in
Parasailing equipments followed by Europe, APAC
and Middle East Africa. Increase in demand has
also been affected by growing base of Millennial,
higher per capita income in major markets,
increase in popularity of parasailing at major
tourist destinations, presence of
well-established players and expanded
distribution network in new regions/countries.
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Market Size Increase in variety of parasailing
equipments available in the market, primarily,
in terms of size, quality, strength and utility,
major players have been using diverse product
portfolios and aggressive marketing sales
strategies to position themselves in the market.
High replacement rate and increasing popularity
of wheelchair off-road parasailing have been
few growth drivers, pulling the market forward.
This has helped the market to grow at a CAGR of
close to 7 during 2012-2017. Increased trade has
been observed amongst major producing and
consuming countries. Several leading
manufacturers have invested huge amount in
research development segment to foster product
innovations to increase durability and sturdiness
of parasailing equipments. By and large, global
parasailing equipment market has increased by
significant amount in the review period. Market
Segmentation By Equipment Parasailing tow line
segment constituted highest consumer expenditure
in 2017. These are available in many lengths,
ranging from 600-1,200 feet. Constant sun,
saltwater exposure, sudden shocks by wind gusts
and overloads are primarily responsible for the
aggressive wear and tear which weakens the ropes
and lead to high replacement demand. Parasailing
harness forms one of the most essential
equipments acquiring second highest market share.
Harnesses are generally made of high tenacity
polypropylene webbing and grade 316,marine
quality stainlessteel.
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Parasail priced up to USD 2,500 are most
preferred the by the customers in the market. 
Parasailing protective gear includes helmets,
variometers and hook knives. Generally people do
not prefer using protective gear while
parasailing which has resulted in their low share
in the parasailing equipment market. By Region
The global parasailing equipment market was
dominated by Americas in the year 2017. The
region occupies the largest share owing to the
presence of well-established water sports
infrastructure and large number of parasailing
enthusiasts. In the recent years, parasailing has
been adopted as a recreational activity along
with being taken-up professionally. Europe
accounted for the second largest share in the
parasailing equipment market. The presence of
increased number of water sports sites across
Europe makes it the second-largest revenue
contributor. US, Germany, France, Brazil and
Mexico have been major contributors in 2017 in
terms of consumer demand. APAC region also
witnessed growth in demand for parasailing
equipments with an increase in both consumption
and production especially in Australian and New
Zealand. Middle East and Africa has accounted for
the lowest share in the parasailing equipment
market in 2017. Major reasons to support such low
revenue generation are low participation rates,
less number of parasailing facilities available
and low awareness amongst population regarding
parasailing a sports event. South Africa however,
has been an active region in terms of consumer
demand/expenditure.
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By New and Existing Demand In the year 2017, it
has been observed that the repeat demand from
existing users has accounted for a much higher
share in the market. High replacement rate
accompanied by frequent up-gradation of products
and new launches, customers usually replace their
current equipments with the advanced ones.
Moreover, introduction of competitions
tournaments in various regions and more number of
professional parasailing camps being organized
makes repeat demand from existing customers very
strong. New customers are specifically tourists.
They usually get attracted to sport due to
associated thrill adventure. By Distribution
Channel Company Stores and Specialty Stores
dominate the market in 2017. This sales channel
has been highly popular since major large scale
manufacturers of parasailing equipments usually
operate through own brand stores that exclusively
sell equipments of their brand. These are known
as Exclusive Brand Outlets of the companies
located in various countries across the world.
The purchase of sports equipments online has been
gaining high popularity over the years. Online
stores have accounted for second highest
contribution in 2017. Some of the major online
retailers selling sports equipments are Amazon
and Alibaba. Hypermarkets, department stores and
supermarkets have accounted for double digit
share in terms consumption expenditure.
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This is because these outlets offer a closer
evaluation of products and provide the required
support and information to consumers, especially
through expert customer service personnel. Some
of the well-known stores include Walmart and
Tesco. Majorly, Parasailing Tow Line, Parasailing
Harness and Parasail are sold through company
stores due to associated trust factor. However,
other accessories relate to the market are
popularly sold through other channels. Competitiv
e Landscape Competition in the global parasailing
equipment market is highly fragmented due to the
presence of large number of regional players. In
the Americas, the competition is concentrated and
majority of market leaders have substantial
control in terms of good share in 2017. Majority
of manufacturing facilities are based in this
region leading to large exports to Asian and
middle-eastern countries. Similar is the scenario
in Europe. Major players in the market carry out
both manufacturing as well as trading.
Competition in APAC and Middle East Africa is
still in the growing phase is highly
fragmented. There are about 10-15 major
parasailing equipment manufacturers operating in
the global market. Majority of manufacturing
clusters of these major manufactures are located
in North America and Europe.
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These players compete against each other on the
basis of parameters such as price, product
differentiation (product portfolio size and
product innovations), distribution network,
geographical penetration/geographical presence
and research development activities.Some of the
major players include Custom Chutes, Ascending
Parachutes International, Waterbird Parasails,
Sportlite, Alp Aksu Boats, Pegasus Parasails,
Nautic Expo, Paradise Mount, Hovel International
Parasail and others. Future Analysis and
Projections Global Parasailing equipment market
has been anticipated to showcase a sound growth
at a CAGR of close to 2 during the forecast
period (2017-2022). Growth during this period is
expected to be supported by the rising popularity
of parasailing as a recreational and profession
activity, increase in the number of parasailing
championships and tournaments, increase in demand
from Millennial, increased awareness regarding
fitness benefits of parasailing, expanding
geographical presence of major manufacturers,
intensifying distribution channels, expansion of
online retailing, new product launches,
government initiative to promote the usage of
protective parasailing equipments and
others. For more information on the research
report, refer to below link https//www.kenresear
ch.com/consumer-products-and-retail/sporting-equip
ments/global-parasailing-equipment-market/149547-9
5.html
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3-95.html Contact UsKen ResearchAnkur Gupta,
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com91-9015378249
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