Press release
Hang Glider Market: Future Trend and Analysis of Key Segments and Forecast 2021 to 2025-Wills Wings Inc., Moyes Delta Gliders, Aeros Company, Airborne Windsports Pty Ltd, North Wing
Hang Glider Market by Component, Application, Services, and Region- Forecast to 2025The Global Hang Glider Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Hang Glider business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Hang Glider worth chain and its wholesaler examination. Hang Glider Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The hang glider market is anticipated to register a CAGR of over 8% during the forecast period.
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Top Leading Companies of Hang Glider Market are Wills Wings Inc., Moyes Delta Gliders, Aeros Company, Airborne Windsports Pty Ltd, North Wing, Avian Limited, Icaro 2000 srl, Finsterwalder GmbH, La Mouette, Albatross Flyin and others.
Industry News And Updates on Hang Glider Market-
North America had the Largest Share in the Market in 2019
North America region had the largest share in the market due to the ever-growing number of enthusiasts for hang gliding in the region. The United States currently has a huge market share in the hang glider market. Geographically, many places in the US 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/ adrenaline sports like hang gliding in the US. This would generally create demand for the market in the years to come. Many events are conducted for hang gliding enthusiasts in the United States annually. For instance, in May 2018, Kitty Hawk Kites, in North Carolina, US, recently hosted the 46th Annual Hang Gliding. Various other festivals are also being conducted annually on a large scale for many extreme sports in the region, including the hang gliding, which may promote the sport, thereby boosting the market revenues.
Key Market Trends Hang Glider Market-
Increasing Demand for Non-powered Hang Glider
The non-powered hang-glider is expected to continue its demand 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. Enthusiasts usually prefer the non-powered gliders primarily due to its lightweight nature that allows it to be carried around easily, and the ease of assembly and disassembly. If necessary, 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 primarily built for the hang gliding, owing to their feasibility in conversion to powered ones. Additionally, non-powered hang gliders are cheap compared to powered ones. This is also one of the major factors where people prefer these hang gliders, and this trend is expected to continue the growth during the forecast period.
Competitive Landscape On Hang Glider Market-
Competitive Landscape
The prominent players in the hang glider market are Wills Wing Inc., Moyes Delta Gliders, Aeros Company, Airborne Windsports Pty Ltd, and North Wing. The intensity of rivalry among the competitors is high, mostly for obtaining long-term contracts. With the development of smart textiles, several hang glider manufacturers are now offering lightweight hang gliders for sports applications. Lightweight hang gliders are witnessing an increase in demand, and the players are focusing on building such hang gliders to increase their sales. For instance, North Wing, a player based in North America, designs and manufactures lightweight shift control Light-Sport Aircraft including Hang Gliders, and the accessories for the hang gliders. Such emphasis on materials and designs will help the players to gain new customers in the market.
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