Hang Glider Market Size (2024 - 2029)

The hang glider market is experiencing growth driven by the increasing popularity of adventure tourism and recreational activities, which are gaining traction due to rising disposable incomes and a demographic shift towards younger and middle-aged individuals. This trend is contributing to the expansion of the market size, as more people recognize the physical and mental benefits of outdoor sports. However, the market's growth may face challenges due to safety concerns and accidents associated with hang gliding.

Home Market Analysis Aerospace & Defense Research Aviation Research Aircrafts Research General Aviation Research Gliders Research Global Hang Glider Market Market Size

Market Size of Hang Glider Industry

Hang Glider Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 56.82 Million
Market Size (2029) USD 65.94 Million
CAGR (2024 - 2029) 3.02 %
Fastest Growing Market Europe
Largest Market North America

Major Players

Hang Glider Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hang Glider Market Analysis

The Hang Glider Market size is estimated at USD 56.82 million in 2024, and is expected to reach USD 65.94 million by 2029, growing at a CAGR of 3.02% during the forecast period (2024-2029).

The growth in adventure tourism globally is propelling the growth of the market as more and more people are participating in adrenaline sports and recreational activities. Adventure sports are gaining significance owing to the rising disposable income and a significant number of the population aged 20-60. According to the World Bank, in 2021, the population aged 15-64 was 65% of the total population globally. As per the Center for the Promotion of Imports from Developing Countries, people aged between 40 and 70 occupy two-thirds of adventure tourism. 

Factors such as changes in lifestyle, demographics, growing per capita income, and the increasing realization of people towards the physical and mental benefits of outdoor recreational activities are inspiring people to engage in such activities, which are currently creating a demand for the hang glider market. However, accidents caused during hang gliding might create hindrances to the market growth.

Hang Glider Industry Segmentation

A hang glider is a light, foot-launched, heavier-than-air aircraft used in hang gliding. Most modern hang gliders are made of an aluminum alloy or composite frame covered with synthetic material to form a wing.

The hang glider market is segmented by type and geography. By type, the market is segmented into powered and non-powered. The report also covers the market sizes and forecasts for the hang glider market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Powered
Non-powered
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Hang Glider Market Size Summary

The hang glider market is experiencing growth driven by the increasing popularity of adventure tourism and adrenaline sports, supported by rising disposable incomes and a demographic shift towards younger populations engaging in outdoor activities. The market is characterized by a growing interest in non-powered hang gliders, which are favored for their lightweight and cost-effective nature. These gliders offer the flexibility of being converted to powered versions, appealing to a broad range of enthusiasts. Despite the potential risks associated with hang gliding, the demand for these recreational activities continues to rise, fostering market expansion.

North America is poised to lead the hang glider market, with the United States playing a significant role due to its favorable geographic conditions and a strong community of sports enthusiasts. The region hosts numerous events and competitions, which further promote the sport and stimulate market growth. The market is semi-consolidated, with key players like Wills Wing Inc., Moyes Delta Gliders, and North Wing investing in advanced designs and lightweight materials to attract new customers. The development of smart textiles and lightweight hang gliders is a focus area for manufacturers, aiming to enhance product offerings and expand their market presence.

Explore More

Hang Glider Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Powered

      2. 2.1.2 Non-powered

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Europe

      3. 2.2.3 Asia-Pacific

      4. 2.2.4 Latin America

      5. 2.2.5 Middle-East and Africa

Hang Glider Market Size FAQs

The Hang Glider Market size is expected to reach USD 56.82 million in 2024 and grow at a CAGR of 3.02% to reach USD 65.94 million by 2029.

In 2024, the Hang Glider Market size is expected to reach USD 56.82 million.

Hang Glider Market Report Snapshots

Hang Glider Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)