Global Market For Base Jumping Equipment Has Been Expanding On Account Of The Rising Popularity Of Adventure Sports Across Various Regional Pockets: Fact.MR

Global BASE Jumping Equipment Market Outlook
The global BASE jumping equipment market is estimated at USD 228.9 Million in 2022 and is forecast to surpass USD 357.2 Million by 2032, growing at a CAGR of 4.5% from 2022 to 2032.

Key Companies Profiled

Apex BASE
Squirrel
GLH Systems
Skylark
Adrenalin BASE
Aerodyne Research, LLC
ATAIR Canopies
Bonehead Composites
Performance Designs
Sun Path Products
Velocity Sports Equipment
Other Market Players

The global BASE jumping equipment market is likely to create an absolute dollar opportunity of USD 128.3 Million by the end of 2032. The global BASE jumping equipment market holds ~64% of the global skydiving equipment and accessories market.

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Rising Popularity of Adventure Sports to Support Market Growth
BASE jumping equipment vendors are currently struggling to expand their reach due to the growing safety concerns pertaining to this adventurous activity. Life-threatening and risky nature of air sports continue to make several individuals reluctant towards this activity, however, vendors are equipping BASE jumping equipment offerings with advanced safety features to prevent fatal accidents.

The global market for BASE jumping equipment has been expanding on account of the rising popularity of adventure sports across various regional pockets. BASE stands for building, antenna, span, and earth, and all of these words are characteristic of the BASE jumping sport. BASE jumping is essentially a form of parachuting or wing-suit flying that is in great popularity across the globe. It has also become a means of competition at national and international levels, which has further propelled demand within the global BASE jumping equipment market. The tourism industry has also been a primary contributor to the growth of the global BASE jumping equipment market by making key provisions for the promotion and enhancement of the sport. Despite these drivers of demand, the unavailability of enough funds to initiate adventure sports in underdeveloped economies could restrain the growth of the global BASE jumping equipment market.

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Factors Restraining Market Growth
One of the major factor hampering the growth of the BASE jumping equipment market is its life threatening and risky nature. BASE jumping is assumed to be more dangerous than sky diving. Owing to increasing mortality rate during base jumping, it is prohibited in many parts across the globe. Another factor that is hindering the growth of the base jumping equipment market is the risk associated with BASE jumping locations.

These locations are very small to land making the sport risky. This has resulted in reduced participation since past few years. One fatality per sixty participants is the mortality rate of BASE jumping in the year 2006. Since then this ratio has been increasing which has a restraining impact on the BASE jumping equipment market.

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Global BASE Jumping Equipment Market by Category

By Product Type, Global BASE Jumping Equipment Market is segmented as:
Container or Harness Systems
Canopies
Wingsuit
Helmets
Other Product Type

By Application, Global BASE Jumping Equipment Market is segmented as:
Recreational Users
Professional Users

By Region, Global BASE Jumping Equipment Market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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