Paramotors Market Revenue, Industry Growing Demand, Top Companies, Regional Outlook Up to 2028

The global paramotors market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022- 2028).

Paramotor is the generic name for the harness and propulsive portion of a powered paraglider (PPG). A paramotor is a motorized paraglider that is used for flying. A propeller, typically powered by a small two-stroke engine, is strapped to the back of the pilot. A paraglider is attached to the pilot with carabiners. Paramotoring is much safer than paragliding as it doesn't require wind or thermals. There is also constant forward motion that will keep the wing inflated, preventing collapses. With the rise in the disposable income of the people, the spending capacity of consumers has also increased, which in turn, led the demand for paramotoring. In addition, the rising investment in R&D activities and product innovations are some factors driving the growth of the global paramotors market. However, the noise of the paramotor engine and the possibility of flying only in the calm wind are some factors expected to hinder the growth of the market.

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The market is segmented based on the type and application. Based on the type, the market is sub-segmented into foot launch paramotor and wheel launch paramotor. The foot launch paramotor consists of a frame with a harness, fuel tank, engine, and propeller. Foot launch paramotors are used as the climb rate will be better and people are less likely to fly into low objects like power lines or trees in these types of paramotors. Wheel launch paramotors either come as a complete unit with their own motor or as an add-on to a foot launch paramotor. Wheel launch paramotors usually have 3 (trike) or 4 (quad) wheels, with seats for one or two occupants.

Some major players in the market include BlackHawk Paramotor, Fresh Breeze GmbH & Co. KG, and ParaJet International Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021, Ozone Power Ltd. launched the New Triox 2 paramotor. It is suitable for both solo and tandem trike flying. A tandem trike is a vehicle with three wheels for two or more people, who drive it together with their forces.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- BlackHawk Paramotor, Fresh Breeze GmbH & Co.KG, and ParaJet International Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Paramotors Market Report by Segment

By Type
• Foot Launch Paramotor
• Wheel Launch Paramotor

By Application
• Individual
• Commercial

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This release was published on openPR.