Global Parasailing Equipment Market Outlook to 2022 - by Equipments (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)

Global Parasailing Equipment Market Outlook to 2022 - by Equipments (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)


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Executive Summary

The report titled “Global Parasailing Equipment Market Outlook to 2022 - by Equipments (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)” provides a comprehensive analysis of global parasailing market introduction, market nature, market size and market segmentations by Equipments (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others). The report extensively covers the entire value chain persisting in global parasailing market, analyst recommendations, SWOT Analysis along with competition scenario and competitive landscape of major players including Custom Chutes, Ascending Parachutes International, Waterbird Parasails, Sportlite, Alp Aksu Boats, Pegasus Parasails, Nautic Expo, Paradise Mount, Hovel International Parasail and others.

Global Parasailing Equipment Market

The report facilitates the reader with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry. It provides the reader an idea regarding growth in the future depending upon changing industry dynamics in coming years. The report is useful for water sports equipment manufacturers, parasailing equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Market Size and Overview

Market Overview: International tourist arrivals and international tourism expenditure has been increasing at a steady pace over the review period (2012-2017), globally. Coupled with an increase in interest of people towards soft adventure sports, rising popularity of parasailing & adventure sports and growing awareness regarding fitness-benefits of opting parasailing has supported growth in this industry. Americas has been the biggest market in terms of expenditure incurred by consumers in Parasailing equipment’s followed by Europe, APAC and Middle East & Africa. Increase in demand has also been affected by growing base of Millennial, higher per capita income in major markets, increase in popularity of parasailing at major tourist destinations, presence of well-established players and expanded distribution network in new regions/countries.

Market Size: Increase in variety of parasailing equipment’s available in the market, primarily, in terms of size, quality, strength and utility, major players have been using diverse product portfolios and aggressive marketing & sales strategies to position themselves in the market. High replacement rate and increasing popularity of wheelchair & off-road parasailing have been few growth drivers, pulling the market forward. This has helped the market to grow at a CAGR of close to 7% during 2012-2017. Increased trade has been observed amongst major producing and consuming countries. Several leading manufacturers have invested huge amount in research & development segment to foster product innovations to increase durability and sturdiness of parasailing equipments. By and large, global parasailing equipment market has increased by significant amount in the review period.

Market Segmentation

By Equipment: Parasailing tow line segment constituted highest consumer expenditure in 2017. These are available in many lengths, ranging from 600-1,200 feet. Constant sun, saltwater exposure, sudden shocks by wind gusts and overloads are primarily responsible for the aggressive wear and tear which weakens the ropes and lead to high replacement demand. Parasailing harness forms one of the most essential equipments acquiring second highest market share. Harnesses are generally made of high tenacity polypropylene webbing and grade 316, marine quality stainless steel. Parasail registered a double digit market share in 2017. Parasail priced up to USD 2,500 are most preferred the by the customers in the market. Parasailing protective gear includes helmets, variometers and hook knives. Generally people do not prefer using protective gear while parasailing which has resulted in their low share in the parasailing equipment market.

By Region: The global parasailing equipment market was dominated by Americas in the year 2017. The region occupies the largest share owing to the presence of well-established water sports infrastructure and large number of parasailing enthusiasts. In the recent years, parasailing has been adopted as a recreational activity along with being taken-up professionally. Europe accounted for the second largest share in the parasailing equipment market. The presence of increased number of water sports sites across Europe makes it the second-largest revenue contributor. US, Germany, France, Brazil and Mexico have been major contributors in 2017 in terms of consumer demand. APAC region also witnessed growth in demand for parasailing equipments with an increase in both consumption and production especially in Australian and New Zealand. Middle East and Africa has accounted for the lowest share in the parasailing equipment market in 2017. Major reasons to support such low revenue generation are low participation rates, less number of parasailing facilities available and low awareness amongst population regarding parasailing a sports event. South Africa however, has been an active region in terms of consumer demand/expenditure.

By New and Existing Demand: In the year 2017, it has been observed that the repeat demand from existing users has accounted for a much higher share in the market. High replacement rate accompanied by frequent up-gradation of products and new launches, customers usually replace their current equipments with the advanced ones. Moreover, introduction of competitions & tournaments in various regions and more number of professional parasailing camps being organized makes repeat demand from existing customers very strong. New customers are specifically tourists. They usually get attracted to sport due to associated thrill & adventure.

By Distribution Channel: Company Stores and Specialty Stores dominate the market in 2017. This sales channel has been highly popular since major large scale manufacturers of parasailing equipments usually operate through own brand stores that exclusively sell equipments of their brand. These are known as Exclusive Brand Outlets of the companies located in various countries across the world. The purchase of sports equipments online has been gaining high popularity over the years. Online stores have accounted for second highest contribution in 2017. Some of the major online retailers selling sports equipments are Amazon and Alibaba. Hypermarkets, department stores and supermarkets have accounted for double digit share in terms consumption expenditure. This is because these outlets offer a closer evaluation of products and provide the required support and information to consumers, especially through expert customer service personnel. Some of the well-known stores include Walmart and Tesco. Majorly, Parasailing Tow Line, Parasailing Harness and Parasail are sold through company stores due to associated trust factor. However, other accessories relate to the market are popularly sold through other channels.

Competitive Landscape

Competition in the global parasailing equipment market is highly fragmented due to the presence of large number of regional players. In the Americas, the competition is concentrated and majority of market leaders have substantial control in terms of good share in 2017. Majority of manufacturing facilities are based in this region leading to large exports to Asian and middle-eastern countries. Similar is the scenario in Europe. Major players in the market carry out both manufacturing as well as trading. Competition in APAC and Middle East & Africa is still in the growing phase & is highly fragmented. There are about 10-15 major parasailing equipment manufacturers operating in the global market. Majority of manufacturing clusters of these major manufactures are located in North America and Europe. These players compete against each other on the basis of parameters such as price, product differentiation (product portfolio size and product innovations), distribution network, geographical penetration/geographical presence and research & development activities. Some of the major players include Custom Chutes, Ascending Parachutes International, Waterbird Parasails, Sportlite, Alp Aksu Boats, Pegasus Parasails, Nautic Expo, Paradise Mount, Hovel International Parasail and others.

Future Analysis and Projections

Global Parasailing equipment market has been anticipated to showcase a sound growth at a CAGR of close to 2% during the forecast period (2017-2022). Growth during this period is expected to be supported by the rising popularity of parasailing as a recreational and profession activity, increase in the number of parasailing championships and tournaments, increase in demand from Millennial, increased awareness regarding fitness benefits of parasailing, expanding geographical presence of major manufacturers, intensifying distribution channels, expansion of online retailing, new product launches, government initiative to promote the usage of protective parasailing equipments and others.

Key Topics Covered in the Report

  • Global Parasailing Equipment Market Introduction and Market Nature
  • Global Parasailing Equipment Market Value Chain Analysis
  • Global Parasailing Equipment Market SWOT Analysis
  • Global Parasailing Equipment Market Size
  • Global Parasailing Equipment Market Segmentation by Equipments (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)
  • Competitive Landscape in Global Parasailing equipment market
  • Global Parasailing Equipment Market Share of Major Players
  • Company Profiles for major players in Global Parasailing Equipment Market
  • Global Parasailing Equipment Market Future Outlook And Projections
  • Analyst Recommendations in Global Parasailing equipment market


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1. Executive Summary

Market Potential
Market Segmentation
Competitive Landscape
Future Analysis and Projections

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach - Market Sizing
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations

3. Global Parasailing Equipment Market Value Chain

Value Chain in a Nutshell

4. Global Parasailing Equipment Market Size, 2012-2017

5. Global Parasailing Equipment Market Segmentation

5.1. By Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), 2017
5.2. By Regions (Americas, Europe, APAC and MEA), 2017
5.3. By Existing Demand & New Demand, 2017
5.4. By Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Online Stores and Others), 2017

6. Competition Landscape

6.1. Competition Scenario (Market Nature, Bargaining Power, Entry Barriers, Market Positioning and Competition Parameters), 2017
6.2. Market Share of Major Players (Custom Chutes, Ascending Parachutes International, Waterbird Parasails, Sportlite & Others), 2017
6.3. Strengths and Weaknesses of Major (Custom Chutes, Ascending Parachutes International and Waterbird Parasails) Players in Global Parasailing Equipment market
6.4. Company Profiles
6.4.1. Custom Chutes
6.4.2. Waterbird Parasails
6.4.3. Other Players (Ascending Parachutes International, Sports Chutes, Sportlite Parasails, Commercial Water Sports & Hovel International Parasail)

7. SWOT Analysis of Global Parasailing Equipment Market

8. Global Parasailing Equipment Market Future, 2018E-2022E

9. Global Parasailing Equipment Market Future Segmentation, 2017

9.1. By Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear), 2022E
9.2. By Regions (Americas, Europe, APAC and MEA), 2022E
9.3. By Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Online Stores and Others), 2022E

10. Analyst Recommendations

Disclaimer
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Figure 3-1: Flow Chart for Global Parasailing Equipment Market Value Chain Including Entities Involved and Equipment Flow.
Figure 4-1: Global Parasailing Equipment Market Size by Consumer Expenditure in USD Million and Growth Rate in Percentage (%), 2012-2017
Figure 5-1: Global Parasailing Equipment Market Segmentation by Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear) on the basis of Consumer Expenditure in Percentage (%), 2017
Figure 5-2: Customer Preference for Different Price Category of Winch Boat (USD 69,000-USD 84,000 and above USD 84,000), in Percentage (%), 2017
Figure 5-3: Customer Preference for Different Price Category of Parasail (Up to USD 2,500 and above USD 2,500), in Percentage (%), 2017
Figure 5-4: Global Parasailing Equipment Market Segmentation by Region (Americas, Europe, APAC and MEA) on the basis of Consumer Expenditure in Percentage (%), 2017
Figure 5-5: Global Parasailing Equipment Market Segmentation by Existing Demand & New Demand from Customers on the basis of Consumer Expenditure in Percentage (%), 2017
Figure 5-6: Global Parasailing Equipment Market Segmentation by Distribution Channel (Company Stores and Specialty Stores, Online Stores, Hypermarkets and Others) on the basis of Consumer Expenditure in Percentage (%), 2017
Figure 8-1: Future Projections for Global Parasailing Equipment Market on the Basis of Consumer Expenditure in USD Million and Growth Rate in Percentage (%), 2018-2022E
Figure 9-1: Future Projections of Global Parasailing Equipment Market by Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear) on the basis of Consumer Expenditure in Percentage (%), 2022E
Figure 9-2: Future Projections of Global Parasailing Equipment Market by Region (Americas, Europe, APAC and Rest of the World) on the basis of Consumer Expenditure in Percentage (%), 2022E
Figure 9-3: Future Projections of Global Parasailing Equipment Market by Distribution Channel (Company Stores and Specialty Stores, Online Stores, Hypermarkets and Others) on the basis of Consumer Expenditure in Percentage (%), 2022E

Table 2-1: Global Parasailing Equipments Market Definitions.
Table 2-2: Global Parasailing Equipment Market Abbreviations.
Table 2-3: Correlation Matrix for Global Parasailing Equipment Market
Table 2-4: Regression Coefficient for Global Parasailing Equipment Market.
Table 3-1: Global Parasailing Equipment Market Value Chain Analysis Including Entities Involved (Manufacturers, Authorized Distributors, Retailers, and Customers), Description and Challenges Faced.
Table 4-1: Introduction and Rationale and Description for Global Parasailing Equipment Market Size Including Market Introduction, Market Nature, Government Associations, Market Size and Major Trends & Factors Supporting Market Growth, 2012-2017
Table 5-1: Rationale and Description for Global Parasailing Equipment Market Segmentation Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear) on the basis of Consumer Expenditure in USD Million, 2017
Table 5-2: Rationale and Description for Global Parasailing Equipment Market Segmentation by Region (Americas, Europe, APAC and MEA) on the basis of Consumer Expenditure in USD Million, 2017
Table 5-3: Global Parasailing Equipment Market Country Wise Players (Ascending Parachutes International, Sports Chutes, Commercial Water Sports, Custom Chutes, Parasail International Australia, Hovel International Parasail, Water Birds Parasails) with their Business Activity, 2017
Table 5-4: Rationale and Description for Global Parasailing Equipment Market Segmentation by Existing Demand & New Demand in terms of Consumer Expenditure in USD Million, 2017
Table 5-5: Average life Span and Replacement Demand for Parasailing Equipments
Table 5-6: Rationale and Description for Global Parasailing Equipment Market Segmentation by Distribution Channel (Company Stores and Specialty Stores, Online Stores, Hypermarkets and Others) on the basis of Consumer Expenditure in USD Million, 2017
Table 6-1: Competition Scenario in Global Parasailing Equipment Market Including Competition Stage, Company Positioning, Bargaining Power of Manufacturers and Competing Parameters, 2017
Table 6-2: Global Parasailing Equipment Market Share of Major Players (Custom Chutes, Ascending Parachutes International, Waterbird Parasails, Sportlite and Others) by Revenue Generated in Percentage (%), 2017
Table 6-3: Competitive Strengths and Weaknesses of Major Companies (Custom Chutes, Ascending Parachutes International and Waterbird Parasails) in Global Parasailing Equipment Market.
Table 6-4: Company Profile of Custom Chutes International Stationery including Company Overview, Business Strategy, Year of Establishment Year of Establishment, Best Sellers, Services, Products, Manufacturing, Distribution, Online Sales, Recent Developments, 2017
Table 6-5: Parasailing Product Portfolio of Custom Chutes Including Product Categories and Product Names, 2017
Table 6-6: Company Profile of Waterbird Parasails including Company Overview, Business Strategy, Year of Establishment, Best Sellers, Products, Countries, Manufacturing, Distribution, Online Sales, Recent Developments, 2017
Table 6-7: Parasailing Product Portfolio of Waterbird Parasail, January 2018
Table 6-8: Other Prominent Players in the Global Parasailing Equipment Market Including Ascending Parachutes International, Sports Chutes, Sportlite Parasails, Commercial Water Sports and Hovel International Parasail, 2017
Table 7-1: SWOT Analysis for Global Parasailing Equipment Market, 2012-2017
Table 8-1: Future Outlook for Global Parasailing Equipment Market on the basis of Consumer Expenditure, 2018-2022E
Table 9-1: Future Projections of Global Parasailing Equipment Market by Equipment (Parasailing Tow Line, Parasailing Harness, Parasail and Parasailing Protective Gear) on the basis of Consumer Expenditure in USD Million, 2022E
Table 9-2: Future Projections of Global Parasailing Equipment Market by Region (Americas, Europe, APAC and MEA) on the basis of Consumer Expenditure in USD Million, 2022E
Table 9-3: Future Projections of Global Parasailing Equipment Market by Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Online Stores and Others) on the basis of Consumer Expenditure in USD Million, 2022E
Table 10-1: Analyst Recommendations for Global Parasailing Equipment Market.

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