Skydiving is an outdoor and adventure sport that includes jumping from an airplane with the parachute. The skydiving equipment includes parachute, AAD, goggles, helmet, altimeter, and jumpsuit. These equipment help protect the body from any accidents while skydiving. There is an automatic activation device that will electrically charge and cut the loop that holds the parachute if a person loses consciousness during freefall. Skydiving is a very popular sport that everyone wants to try for once in their life. It is good for physical and mental health. It relieves stress and rejuvenates physical and mental health.
COVID-19 Scenario Analysis:
- The skydiving equipment market is adversely affected by the COVID-19 pandemics.
- There is a decrease in the demand for skydiving equipment due to lockdown.
- People are staying in their homes and not going to trip and outdoor sports.
- The factories have paused the production of equipment due to less demand.
- The import and export have also affected the production of the factories because of less supply of raw material.
- The migration of labor is also a reason to pause the production.
- The tourist places are the industries that are heavily affected by the pandemics as travel is banned.
- The economy is gravely affected by the pandemics and has caused financial losses.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in interest in adventure sports and increase in health benefits due to skydiving boost the growth of the global skydiving equipment market. Increase in the tourist and adventure sport places is another factor that fuels the market growth. However, the availability of pre-owned and rented skydiving equipment is the factor that negatively affects the growth of the global market. Even so, the growing popularity of skydiving and craze of adventure sport in people can create an opportunity. The changes in lifestyle and increase in purchasing power influence the demand for such products. New technology and the launch of better-quality products support the growth of the market.
The global skydiving equipment market trends are as follows:
- With the growing interest in skydiving, the companies are focusing on producing the best quality product. For instance, Sun Path Products has launched Javelin Odyssey, a fully customized product according to the customer preferences. This product includes a spacer foam back pad, reserve static Lanyard, cut-in laterals, stainless steel hardware. This product container is made with the strongest and durable fabric.
- The companies also make equipment for the military for their freefall and parachute training. Many companies have a sperate portal for the military to customize their equipment. Manufacturers also provide after-sales services to the customers to improve the goodwill of the company.
Key Benefits of the Report:
- This study presents the analytical depiction of the global skydiving equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global skydiving equipment market share.
- The current market is quantitatively analyzed to highlight the global skydiving equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global skydiving equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Skydiving Equipment Market Research Report:
- What are the leading market players active in the skydiving equipment market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Skydiving Equipment Market Report Highlights
By Product Type
By End User
By Sales Channel
Key Market Players
Velocity Sport Equipment, Rigging Innovation, United Parachute Technologies, Mirage systems, Skylark, LB Altimeters, Wings, Firebird, Sun Path Products Inc., Aerodyne Research