Market Size of Hang Glider Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 56.82 Million |
| Market Size (2029) | USD 65.94 Million |
| CAGR (2024 - 2029) | 3.02 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hang Glider Market Analysis
The Hang Glider Market size is estimated at USD 56.82 million in 2024, and is expected to reach USD 65.94 million by 2029, growing at a CAGR of 3.02% during the forecast period (2024-2029).
The growth in adventure tourism globally is propelling the growth of the market as more and more people are participating in adrenaline sports and recreational activities. Adventure sports are gaining significance owing to the rising disposable income and a significant number of the population aged 20-60. According to the World Bank, in 2021, the population aged 15-64 was 65% of the total population globally. As per the Center for the Promotion of Imports from Developing Countries, people aged between 40 and 70 occupy two-thirds of adventure tourism.
Factors such as changes in lifestyle, demographics, growing per capita income, and the increasing realization of people towards the physical and mental benefits of outdoor recreational activities are inspiring people to engage in such activities, which are currently creating a demand for the hang glider market. However, accidents caused during hang gliding might create hindrances to the market growth.
