Global Skydiving Market-Description
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
