Skydiving Equipment Market Demand to Reduce Due to COVID-19 | Technavio

LONDON--(BUSINESS WIRE)--The skydiving equipment market is poised to grow by USD 328.75 million during 2020-2024, progressing at a CAGR of over 5%, according to the latest market report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic will leave a negative impact on the market, the rising popularity and appeal of skydiving among adventure sports enthusiasts will propel the growth. In addition, the multiple health benefits associated with skydiving will have a positive influence on the growth of the skydiving equipment market during the forecast period.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the skydiving equipment market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  The container or harness system segment will be leading the market during the forecast period.
  
• What are the major trends in the market?
  Technological innovations will be the key trend in the market.
  
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of over 5% during 2020-2024.
  
• Who are the top players in the market?
  Advanced Parachute Systems Ltd., Aerodyne Research LLC, ChutingStar Enterprises Inc., DZ Sports Ltd., Mirage Systems Inc., Skydrops Events Ltd., Skylark, Sun Path Products Inc., Velocity Sports Equipment, and WINGSTORE are the top players in the market.
  
• What are the key market drivers and challenges?
  The market is driven by the greater popularity and appeal of skydiving. However, the easy availability of pre-owned and rented skydiving equipment might hamper growth.
  

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced Parachute Systems Ltd., Aerodyne Research LLC, ChutingStar Enterprises Inc., DZ Sports Ltd., Mirage Systems Inc., Skydrops Events Ltd., Skylark, Sun Path Products Inc., Velocity Sports Equipment, and WINGSTORE are some of the major market participants. Although the greater popularity and appeal of skydiving will offer immense growth opportunities, the easy availability of pre-owned and rented skydiving equipment is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this skydiving equipment market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. The report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Skydiving Equipment Market 2020-2024: Segmentation

Skydiving Equipment Market is segmented as below:

• Product
  • Container Or Harness System
  • Canopy
  • Jumpsuit And Helmet
  • Others Accessories
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA

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Skydiving Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The skydiving equipment market report covers the following areas:

• Skydiving Equipment Market Size
• Skydiving Equipment Market Trends
• Skydiving Equipment Market Industry Analysis

This study identifies technological innovations as one of the prime reasons driving the Skydiving Equipment Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Skydiving Equipment Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist skydiving equipment market growth during the next five years
• Estimation of the skydiving equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the skydiving equipment market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of skydiving equipment market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market Characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Container or harness system - Market size and forecast 2019-2024
• Canopy - Market size and forecast 2019-2024
• Jumpsuit and helmet - Market size and forecast 2019-2024
• Other accessories - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Recreational users - Market size and forecast 2019-2024
• Professional users - Market size and forecast 2019-2024
• Market opportunity by End user

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Specialty stores - Market size and forecast 2019-2024
• Online retail - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Advanced Parachute Systems Ltd.
• Aerodyne Research LLC
• ChutingStar Enterprises Inc.
• DZ Sports Ltd.
• Mirage Systems Inc.
• Skydrops Events Ltd.
• Skylark
• Sun Path Products Inc.
• Velocity Sports Equipment
• WINGSTORE

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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