Los Angeles, CA -- (SBWire) -- 04/12/2019 --Paramotor is the generic name for the harness and propulsive portion of a powered paraglider ("PPG"). There are two basic types of paramotors; foot launch and wheel launch. Foot launch models consists of a frame that combines powerplants (engine), caged propeller, and harness (with integrated seat) attached with quick release buckles to the operator's back.
The global paramotor 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 paramotor.
The segments of the global paramotor market on the basis of type are 2-stroke and 4-stroke paramotors. Amongst them, the segment of 2-stroke dominates in terms of revenue and the trend is expected to continue over the forecast period.
The global Paramotors market was 15 million US$ in 2018 and is expected to 20 million US$ by the end of 2025, growing at a CAGR of 4.1% between 2019 and 2025.
This report studies the Paramotors market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Paramotors in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
BlackHawk paramotor
Fresh Breeze
Nirvana Paramotor
Fly Products
PAP Paramotors
ParaJet Paramotors
Macfly Paramotor
U-Turn USA
PXP Paramotor
Adventure
G-Force Paramotors
Miniplane
Air Conception
HE Paramotores
JSTOL
By the product type, the market is primarily split into
2-Srtoke Paramotor
4-Srtoke Paramotor
By the end users/application, this report covers the following segments
Individual
Commercial
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Paramotors Market Status and Future Forecast, Production, Value and Consumption Analysis, 2019-2025
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