[Rick Masters]

June 08, 2017 05:43 PM Eastern Daylight Time
LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global paragliding equipment market is expected to reach USD 537.12 million by 2021, growing at a CAGR of more than 4%.

Global paragliding equipment market is expected to reach USD 537.12 million by 2021, growing at a CAGR of over 4%.

This research report titled ‘Global Paragliding Equipment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The global paragliding equipment market largely derives its growth from the tourism industry. Increasing urbanization, changing demographics, evolving lifestyle, increased awareness of new products, growth in outdoor vacation trips, and rise in dual household incomes have helped the market grow. The improved distribution channels and marketing initiatives through digital channels and rise in the interest and participation of consumers in outdoor activities are factors that play a crucial role in the increased demand for adventure sports equipment including paragliding equipment.

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Technavio’s consumer and retail research analysts categorize the global paragliding equipment market into the following segments by product. They are:

Paragliders
Harness and reserve parachutes
Protective gear
Others
The top three product segments for the global paragliding equipment market are discussed below:

Paragliders

Paragliders, which are also known as wings, is one of the important product segments of paragliding equipment. Consumers demand lightweight paragliders for the ease of handling these instruments. Key manufacturers use raw materials that make the wing lightweight. Modern paragliders or wings are mostly made of non-absorbent materials like ripstop polyester or nylon fabric.

According to Brijesh Kumar Choubey, a lead retail goods and services research analyst from Technavio, “The pilot is supported by harnesses placed underneath the paraglider through suspension lines. Its speed ranges from 20 to 75 kilometers. Paragliders have high replacement rate when compared with other products. Hence, its market share is expected to post the highest CAGR in the product segment in the coming years.”

Harness and reserve parachutes

Harnesses are used to secure the body of the flier while flying. In paragliding, they are buckled to the paraglider and the pilot. The fitting of the harnesses varies from person to person. Therefore, it is very important to select the right harness in harmony with the paraglider and the pilot.

“Reserve parachutes are connected to the harnesses as a precaution to be used during failed launches and landings. They are designed in ways that make them easy to operate. This easy operability of the equipment ensures that the harnesses open fast as most deployments take place at low altitude levels. This equipment can last up to ten years with proper care,” says Brijesh.

Protective gear

Protective gears are one of the most important product segments among all sports, especially adventure sports. Adventure sports, in the recent years, have put emphasis on the precaution measures that help to protect fliers from injuries in case of accidents. The increasing use of these gears is adding revenue to the market.

Increasing awareness of injuries, especially neurological and bone injuries are the key reasons driving the global protective gears market. Helmets are the most used protective gears because they protect the user from head injuries. In adventure sports activities, especially for paragliding, helmets should be lightweight, strong, and certified by EN966, which is one of the safety standards followed to maintain helmet quality. Modern helmets are made up of expanded polystyrene (EPS).

The top vendors highlighted by Technavio’s research analysts in this report are:

ADVANCE
NEO
NOVA
OZONE GLIDERS
SUPAIR
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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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My sympathies go to the trees that produced this report. Or is it printed on gold foil?
Okay, if PG is a $500MM/yr industry and half that amount represents sales of new paragliders, and if a new paraglider is sold for an average price of $3,200, then 78,125 new paragliders are sold each year.
If you fly a paraglider for three years, then buy a new one, 312,500 people will have paragliders less than four years old.
So how many people are flying paragliders more than four years old?
I bet Jesse would know!

[Bob Kuczewski]

Global paragliding equipment market is expected to reach USD 537.12 million by 2021

It may depend on their definition of "paragliding equipment":

The Extension Ladders of Paragliding
The Ladder Trucks of Paragliding
The Helicopters of Paragliding

[Rick Masters]

Don't forget paragliding's biggest expense, underwritten by the taxpayer..

Socialized Medicine of Paragliding

[JoeF]

How off could it be:
"“Reserve parachutes are connected to the harnesses as a precaution to be used during failed launches and landings."

Failed launch: reserve help: zero.
Failed landing: reserve help: zero.

PDMC

[Bob Kuczewski]

How off could it be:
"“Reserve parachutes are connected to the harnesses as a precaution to be used during failed launches and landings."

Failed launch: reserve help: zero.
Failed landing: reserve help: zero.

PDMC

Good catch Joe.

It's great to see your post here and your sharing of your kiting memory with Bill Moyes.   

Your presense was the most notable thing missing from this year's Otto Meet. I'm glad to see you're not dirt gliding yet.

[Frank Colver]

I thought it interesting that it actually mentioned that the reserve parachutes had to be designed to open quickly since most deployments are near the ground.

Frank

[Rick Masters]

Maybe they'd like to add this graphic to their report    


The paraglider must enter the Paraglider Dead Mans Curve at least twice every flight: at takeoff and landing. Soaring parachutists also often choose to ignore the risk and fly within the PDMC in search of lift, where the likelihood of encountering normal ground turbulence, which can cause the canopy to collapse below effective emergency reserve height, is greatest. Most of the thousands of serious injuries and 1,576 paragliding deaths that I am presently aware of were a result of canopy collapse within the PDMC.

[Rick Masters]

Note: Rescues by medical helicopters are not included in the $500 million.
VIDEO    https://vimeo.com/221973601

[Frank Colver]

I can absolutely guarantee that if they continue to do this, every single one of them will die young.

There is no hitting the power and climbing, if they get too low over dangerous terrain. So be it.

[Rick Masters]

if they continue to do this, every single one of them will die young.

It is so bad right now that all the speed-riding web sites with fatality lists that I can find are nine months out of date.
After decades of struggle to make hang gliding safer and more palatable to the public, hang glider pilots should reconsider their participation in any organization that embraces such suicidal idiocy. Inviting in all these other forms of flight dilutes the focus on safety we need for hang gliding. This has obviously deteriorated in recent years. The only way to correct this is to abandon the atrocity which the USGHA has mutated into and form a new national organization devoted only to recreational hang gliding.
-------------
USHPA make the case that speed flying is like hang gliding:

In case you haven’t seen speed flyers at your local hill yet and have somehow missed all the fast and furious speed flying videos all over the internet, let me give you a brief explanation. Speed flying is a relatively new foot-launched flying sport that involves the use of small, fast ram-air canopies to glide and even soar. Like most evolutionary developments in hang gliding, this one is a fusion of new and old ideas. To me, it seems like speed flying uses the latest paraglider technology to accomplish some of hang gliding’s earliest ground-skimming goals. Interestingly, speed flying also has roots in a skydiving discipline known as “ground-launching.” Much as the name implies, ground-launching is the sport of foot-launching skydiving canopies and then swooping down a hillside at high speed. Speed flying also has a lot in common with “speed riding,” which is a winter sport that combines skiing with a small ram-air canopy and involves repeated transitions from skiing to gliding as you carve down the mountain.
https://www.ushpa.org/page/attack-of-the-bobcat