Hang Glider Market ‚ Segmented by Type (Non-Powered Hang Glider, Powered Hang Glider) and Geography ‚ Growth, Trends and Forecast (2019 - 2024)

Hang Glider Market ‚ Segmented by Type (Non-Powered Hang Glider, Powered Hang Glider) and Geography ‚ Growth, Trends and Forecast (2019 - 2024)

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Overview

Extreme or adrenaline sports involves a high degree of risk to the participant. There has been a gradual increase in the interest among the people for these extreme, adventurous sports. It is estimated that the extreme sports category will be challenging the position of team sports and other professional sports in the most-watched category list in the years to come. Although the risk involved in these extreme sports is high, the number of people going for these sports is increasing gradually. Hang gliding is one of these extreme sports that has been attracting a lot of enthusiasts over the years. In hang gliding, the pilot flies a light foot-launched, heavier-than-air aircraft, which is called as a hang glider. The market for hang gliders is expected to grow at a CAGR of around 8% to reach over USD 500 million during the forecast period.

In terms of market segmentation by type, non-powered hang-glider segmented is expected to continue its dominance in the hang glider market during the forecast period. Most of the hang gliders we see today are not powered by any motor to propel the glider. The non-powered hang gliders can be converted to powered hang gliders by adding a power system, motor, and propeller along with other small changes in the system. Thus, non-powered hang gliders are primary built for the hang gliding, owing to their feasibility in conversion to powered ones. Further, non-powered hang gliders are cheap compared to powered ones. This is also one of the reasons for more people going for these hang gliders, and this trend is also expected to continue during the forecast period.

In terms of geography, North America is estimated to lead the market during the forecast period, due to the ever-growing number of enthusiasts for hang gliding in the region. The US currently has a huge market share in the hang glider market. Geographically, there are many places in the US that are favorable for the hang gliding, making it one of the most sought destinations for hang gliding sport. Also, there was an ever-increasing number of enthusiasts who prefer extreme sports like hang gliding in the US. This would generally create demand for the market in the years to come. Also, there are many events being conducted for hang gliding enthusiasts in the US annually. Kitty Hawk Kites, North Carolina, US recently hosted the 46th Annual Hang Gliding Spectacular in May 2018. Various other festivals are also being conducted annually on a large scale for many extreme sports in the US including the hang gliding.

Source: Mordor Intelligence Analysis

Source: Mordor Intelligence Analysis

Major Players:

Wills Wing Inc., North Wing, Moyes Delta Gliders, Icaro 2000 S.R.L., and Aeros Company among others.

Recent Development:

Oct 2017: Mission Soaring Center in Milpitas California, US and Morningside Flight Park in Charlestown New Hampshire, US are the first schools in the US to receive the Wills Wing’s V0.3 Easy Flyers, which are currently under pre-production.

Report Scope:

Attribute

Details

Base Year for Estimation

2017

Forecast Period

2018 – 2023

Market Representation

Revenue in USD billion and CAGR from 2018 – 2023

Regions Covered

North America, South America, Middle East & Africa, Asia Pacific and Europe

Report Coverage

Revenue forecast, market share analysis, and market dynamics

Reasons to Purchase this Report:

  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis of the segment that is expected to register the highest growth rate
  • Study of the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)

Customization of the Report:

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. INTRODUCTION                   

            1.1 Scope of Study     

            1.2 Market Definition  

            1.3 Executive Summary          

2. RESEARCH METHODOLOGY            

            2.1 Study Deliverables

            2.2 Study Assumptions          

            2.3 Research Phases  

3. MARKET INSIGHTS             

            3.1 Current Market Scenario  

            3.2 Technology Trends           

            3.3 Industry Attractiveness - Porter's Five Force Analysis     

                        3.3.1 Bargaining Power of Suppliers

                        3.3.2 Bargaining Power of Consumers

                        3.3.3 Threat of New Entrants

                        3.3.4 Threat of Substitute Products and Services

                        3.3.5 Competitive Rivalry within the industry

4. MARKET DYNAMICS                       

            4.1 Drivers      

            4.2 Restraints 

            4.3 Opportunities        

5. HANG GLIDER MARKET, SEGMENTED BY TYPE                 

            5.1 Non-powered hang glider 

            5.2 Powered hang glider         

6. HANG GLIDER MARKET, SEGMENTED BY GEOGRAPHY                  

            6.1 North America      

                        6.1.1 US

                        6.1.2 Mexico

                        6.1.3 Rest of North America

            6.2 South America      

                        6.2.1 Brazil

                        6.2.2 Rest of South America

            6.3 Europe      

                        6.3.1 Russia

                        6.3.2 Switzerland

                        6.3.3 UK

                        6.3.4 France

                        6.3.5 Rest of Europe

            6.4 Asia-Pacific          

                        6.4.1 Australia

                        6.4.2 New- Zealand

                        6.4.3 China

                        6.4.4 India

                        6.4.5 Rest of Asia-Pacific

            6.5 Middle-East and Africa     

                        6.5.1 Israel

                        6.5.2 Turkey

                        6.5.3 Saudi Arabia

                        6.5.4 South Africa

                        6.5.5 Rest of Middle-East and Africa

7. COMPETITIVE LANDSCAPE            

            7.1 Introduction          

            7.2 Market Share Analysis     

8. COMPANY PROFILES                      

            8.1 Wills Wing Inc.      

            8.2 North Wing           

            8.3 Airborne Windsports Pty Ltd        

            8.4 Moyes Delta Gliders          

            8.5 Avian Limited       

            8.6 La Mouette

            8.7 Icaro 2000 srl       

            8.8 QUASAR   

            8.9 bautek      

            8.10 Aeros Company  

            8.11 Finsterwalder GmbH       

9. FUTURE MARKET OUTLOOK            

10. DISCLAIMER

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