Global Parachute Market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of surging demand from the adventure seeking population. Surging recreational activities, and inclination of the adventure loving people toward sports like skydiving, bungee jumping, etc. is driving the growth of the global parachute market in the upcoming five years. Rising disposable income among the population in the developing nations is further supporting the growth of the global parachute market in the next five years. Although stringent regulations due to COVID-19 pandemic outbreak might put a mild restraint in the market growth. Furthermore, prevalence of advanced technology in parachute system, adoption of airplane recovery parachute systems that is anticipated to aid to the growth of the global parachute market in the future five years.
Based on type, the market is further bifurcated into round parachute, cruciform parachute, Rogallo-wing parachutes, annular parachutes, ram-air parachute, and others. Round parachutes are purely a drag device and have applications in recreational activities, military, cargo, and emergency applications. The round parachutes have large dome-shaped canopies made from a single layer of triangular cloth. Increased applications of the cruciform parachute in the military and defense are anticipated to support the growth of the global parachute market in the upcoming five years. Round parachutes are also used for the recreation activities and cargo applications and thus driving the growth of the sub-segment and thus round parachutes are expected to register largest revenue shares of the market and dominate the market segment in the future five years.
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Key Target Audience:
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to parachute
- Market research and consulting firms
- The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
“North America is anticipated to hold the largest revenue shares of the market and dominate the regional analysis segmentation of the global market. The market growth can be attributed to expanding military and defense sector in the countries like United States and Canada. Moreover, the evolving development in the aerospace industry is further substantiating the growth of the global parachute market in the future five years. Asia Pacific is anticipated to register the significant growth in the next five years on the account of growing applications in the tourism and recreational activities.
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Table OF Content :
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Parachute Market
- Executive Summary
- Voice of Customer
- Global Parachute Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Round Parachute, Cruciform Parachute, Rogallo-wing parachutes, Annular parachutes, Ram-air Parachute, Others)
6.2.2. By Fabric Material (Nylon, Silk, Kevlar and Others)
6.2.3. By Application (Military, Commercial, Cargo, Sports, Others)
6.2.4. By Company (2020)
6.2.5. By Region
6.3. Product Market Map
- Asia-Pacific Parachute Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Fabric Material
7.2.3. By Application
7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Parachute Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Fabric Material
7.3.1.2.3. By Application
7.3.2. India Parachute Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Fabric Material
7.3.2.2.3. By Application
7.3.3. Japan Parachute Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Fabric Material
7.3.3.2.3. By Application
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