Market Trends of Hang Glider Industry
Increasing Demand for Non-powered Hang Glider Drive the Growth of the Market
The non-powered hang-glider segment will likely showcase remarkable growth in the hang-glider market during the forecast period. Most of the hang gliders today are not powered by any motor to propel the glider. Enthusiasts usually prefer the non-powered gliders primarily due to their lightweight nature, which allows them 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 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 why people prefer these hang gliders, and this trend is expected to continue the growth during the forecast period.
North America to Dominate the Market During the Forecast Period
North America region will likely dominate the market due to the ever-growing number of sports enthusiasts for hang gliding in the region. The US currently has a huge market share in the hang glider market. Geographically, many places in the US are favorable for hang gliding, making it one of the most sought-after destinations for hang gliding sport. This would generally create demand for the market in the years to come.
Many events are conducted for hang gliding enthusiasts in the US annually. For instance, the Paradise Airsports Nationals competition is organized every year as a part of the US National Hang Gliding Championship Series. Similarly, the Hang Gliding and Paragliding Association of Canada collaborates with other national associations that are dedicated to hanging gliding, paragliding, and speed flying. Various other festivals are also being conducted annually on a large scale for many extreme sports in the region, including hang gliding, which may promote the sport, thereby boosting the market growth.
