Global BASE Jumping Equipment Market 2017-2021

Global BASE jumping equipment market forecast

BASE jumping, paragliding, skydiving, bungee jumping, surfing, rock or mountain climbing, caving, scuba diving, snorkeling, surfing, jet skiing, and wakeboarding are some of the sports activities that people prefer to de-stress and rejuvenate themselves from their fast-paced and busy lifestyle. The participation in these activities will increase with the rising awareness about the associated long-term mental and physical benefits. Technavio’s market research report identifies that the increasing consumer preference for extreme sports activities will be one of the primary growth drivers for the global BASE jumping equipment market till 2021. According to BASE jumping equipment market trend analysis, this market will grow at a CAGR of close to 5% by 2021. The increase in dual-household income and the rising participation of women in the labor force is resulting in greater participation in activities such as BASE jumping. Financial independence enables women to enjoy recreational activities on a frequent basis. Furthermore, governments and tour operators of many countries are also taking efforts to boost consumer awareness about adventure activities by organizing several promotional campaigns.

Based on the BASE jumping equipment market overview, EMEA is witnessing considerable growth of the BASE jumping equipment market due to the rising number of recreational and professional BASE jumpers in leading countries such as Germany, France, Russia, Norway, the UK, Denmark, Finland, Sweden, Spain, and Italy. Western Europe has the most developed adventure tourism including BASE jumping. Some of the most popular BASE jumping destinations such as Burj Khalifa, the Dolomites, Kjerag, Navagio Beach, the Troll Wall, Table Mountain, and Eiffel Tower are located in EMEA.

Competitive landscape and key vendors

The BASE jumping equipment market is characterized by the presence of many established players. These vendors are increasingly competing against each other based on factors such as price, quality, brand, and variety. Vendors in the developing countries that have considerable awareness and stable economic growth are extensively focusing on the development of innovative products. They are also taking efforts to increase their customer base and market share. This in turn, will strengthen the competitive environment among the market players.

Key vendors in this market are -

• Apex BASE
• Squirrel
• GLH Systems
• Skylark

Other prominent vendors in the market include AdrenalinBASE, Aerodyne Research, LLC, ATAIR Canopies, Bonehead Composites, GoPro, INTRUDAIR, ParAAvis, Performance Designs, Phoenix-Fly, Sun Path Products, and Velocity Sports Equipment.

Segmentation by end-user and analysis of the BASE jumping equipment market

• Recreational users
• Professional users

BASE jumping is one of the most popular and thrilling air sport, which is attracting a large number of new jumpers. The recreational users segment contributed to the maximum shares of the BASE jumping market during 2016 due to the rising number of people preferring adventure activities during their vacations.

Segmentation by distribution channel and analysis of the BASE jumping equipment market

• Specialty stores
• Department stores
• Online retail

The majority of the customers prefer specialty stores over other stores because these stores carry popular brands and a wide range of brands and products. The segment will continue to grow in the forthcoming years due to the presence of popular specialty stores for BASE jumping equipment such as ChutingStar Enterprises, Rock Sky Market, and Skysports.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global BASE jumping equipment market?
• What are the key market trends impacting the growth of the global BASE jumping equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global BASE jumping equipment market?
• What are the market opportunities and threats faced by the vendors in the global BASE jumping equipment market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global BASE jumping equipment market?

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