Skydiving Market Size, Industry Analysis Report By Type (Tandem Skydiving, Freefly Skydiving, Canopy Piloting), By Natures (Group and Solo), By Demographic (Baby Boomers, Generation X, Millennial, and Generation Z) & Region – Forecasts
- PUBLISHED ON
- 15/09/2022
- NO OF PAGES
- 205
- CATEGORY
- Retails & Consumer
Skydiving, also referred to as parachuting is an adventurous activity that involves jumping from an airplane or high altitude and reaching the ground using a parachute. It generally is the method of transiting in the air under a smooth free fall. It is practiced as a sport as well as a leisurely activity by various individuals. In several parts of the world, skydiving is used for the deployment of defense airborne forces. The weight limit for a tandem passenger for skydiving is normally 230-250 pounds for men and 200-220 pounds for women with a minimum age limit of 18 years.
Global Skydiving Market- Overview
The global skydiving market is reckoned to amplify with a CAGR of 16% over 2022-2030, thereby accumulating a substantial valuation by end of the assessment timeline.
Skydiving is practiced as a rejuvenating activity to enhance the physical and mental health of individuals. This is one of the primary factors aiding the expansion of this business sphere.
Furthermore, increasing tourism expenditure in various nations, rising disposable income of the masses, and escalating demand for air sport activities worldwide are creating lucrative opportunities for the marketplace to prosper.
Also, growing technological advancements in the field, rising cognizance regarding the benefits of skydiving, and favorable government initiatives to promote adventure tourism in their respective countries are adding momentum to the development of this industry.
Besides, surge in the millennial population base, easy availability of skydiving equipment over e-commerce websites, and rising focus of industry players to develop and launch innovative equipment in the field are bolstering the overall market growth.
On the contrary, risk of fatal accidents associated with skydiving along with lack of adequate infrastructure to facilitate air sport activities across under developed and developing nations are hindering the remuneration scope of this business sphere.
Global Skydiving Market- Key trends
Growing per capita income of the masses to bolster industry growth
Skydiving is a luxurious adventure sport and therefore is costly in nature. It requires individuals to procedure high quality equipment such as rigs, parachutes, automatic activation devices, and protective gears to witness safe and memorable sky diving experience. Moreover, one also needs to book the perfect spot and hire a skilled instructor for the same which also requires a whopping amount. Therefore, increase in the disposable income of the masses have made them eligible to invest on luxury sport activities like skydiving. This in turn is positively influencing the dynamics of this marketplace.
Various benefits associated with skydiving is fueling industry progression
Many people opt for adventure sport activities like skydiving to boost their physical and mental health. Skydiving is known to induce endorphin boost or adrenaline rush in humans which result in temporarily increased strength, mental clarity, thereby leading to a feeling of euphoria. It also helps individuals to overcome fears. These benefits offered by this adventure sport is elevating its demand across the globe.
Global Skydiving Market- Segmental assessment
By Type
• Tandem Skydiving
• Freefly Skydiving
• Canopy Piloting
• Others
By Natures
• Group
• Solo
The solo segment is poised to amass notable gains over 2022-2030. This is powered by the growing trends of solo travel among individuals coupled with their growing disposable income.
By Demographic
• Baby Boomers
• Generation X
• Millennial
• Generation Z
The millennial segment is slated to generate significant returns over the estimated timeframe due to the rising cognizance regarding the physical and mental health benefits associated with skydiving.
Global Skydiving Market- Geographical Landscape
The primary regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share over the stipulated timeline of 2022-2030. This is attributable to the increase in the millennial population base, rising popularity of adventure sports, and growing R&D investments in the field.
Global Skydiving Market- Competitive intelligence
The prominent players characterizing the competitive terrain of this industry are Aerodyne Research, LLC, Velocity Sports Equipment, Guangzhou Jiahuan Appliance Technology Co., Ltd., Peregrine Manufacturing Inc., SUPAIR group., Sunrise Manufacturing International Inc., Sun Path Products, Inc., Mirage Systems, Mills Manufacturing, Firebird USA LLC, NEO, Bevs Suits, BIRDMAN Ltd., Bungee Consultants International, Phoenix Skydive Center, Skydive Safety, Airborne Systems, Bonehead Composites, Ballenger International, LLC, and BHALLA INTERNATIONAL – VINEX.
Report Scope
Global Skydiving Market: Historical Years- 2018-2021
Global Skydiving Market
Forecast Years- 2022-2030
Global Skydiving Market CAGR- 16%
Key segments covered-
• By Type (Tandem Skydiving, Freefly Skydiving, Canopy Piloting, and Others)
• By Natures (Group and Solo)
• By Demographic (Baby Boomers, Generation X, Millennial, and Generation Z)
Major regions and countries reported-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Aerodyne Research, LLC, Velocity Sports Equipment, Guangzhou Jiahuan Appliance Technology Co., Ltd., Peregrine Manufacturing Inc., SUPAIR group., Sunrise Manufacturing International Inc., Sun Path Products, Inc., Mirage Systems, Mills Manufacturing, Firebird USA LLC, NEO, Bevs Suits, BIRDMAN Ltd., Bungee Consultants International, Phoenix Skydive Center, Skydive Safety, Airborne Systems, Bonehead Composites, Ballenger International, LLC, and BHALLA INTERNATIONAL – VINEX
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $4750
Only Four Thousand Seven Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $5750
Only Five Thousand Seven Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $7750
Only Seven Thousand Seven Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI