Skydiving involves jumping from an airplane and going down to the ground with the help of a parachute. Depending on the height of the jump, it may or may not involve a certain period of free-fall during which the parachute has not been deployed and the body is slowly speeding to terminal velocity. Acrobatic maneuvers are performed during the free fall period of sky divingby professional skydiver. Skydiving is conducted as a leisure practice and sport, as well as for the deployment of military airborne forces. Over the past few years, this sport has increased in popularity.
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COVID-19 Scenario Analysis:
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The rise in interest of adventures and sporting among millennials is the major driving force for the growth of this market. Theincrease in disposable income in the developing countries also surges the growth of the skydiving market.
High cost associated with the industry-challenge
The high cost associated with the skydiving is the major challenge for the market. The sport tourism is itself very costly which is affordable only for few well off people due to which the numbers of customers are less for the skydiving sport companies. Moreover the income equality in the under developed countries hinder the revenue generation in the skydiving industry. In addition, the soft sport tourism like skydiving is one of the most taxed sectors. The heavy taxes on airline tickets and hotel rooms greatly affect this tourism. Therefore providing competitively priced offerings is necessary for the companies to raise numbers of the audience and active participants in the skydiving sports. Though cutting down the price is difficult due to heavy taxes levied on this market.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global skydiving industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global skydiving market share.
- The current market is quantitatively analyzed to highlight the global skydiving market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global skydiving market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Skydiving Market Research Report:
- What are the leading market players active in the skydiving market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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