What is Paramotors?
Paramotor is a motor used for paramotoring or powered paragliding. A two-stroke engine with a propeller is attached to the back of the pilot along with the paraglider. The paraglider inflated and starts generating lift proporsional to the thrust of the engine. The paramotors are of two types, foot launch and wheel launch. Foot launch model consist of a frame with harness, fuel tank, engine, and propeller. Wheel launch units have 3 or 4 wheels with seat for one or two occupants.
The market study is broken down by Type (Foot Launch Paramotor and Wheel Launch Paramotor), by Application (Individual Use and Commercial Use) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analysts at AMA Research estimates that Manufacturers from United States and United Kingdom will contribute to the maximum growth of Global Paramotors market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BlackHawk Paramotor (United States), Air Conception (France), Parajet International Ltd. (United Kingdom), Scout Aviation (United States), Nirvana Solutions (United States), Fly Products (United Kingdom), Papteam (Spain), Bailey Aviation (United Kingdom), Fresh Breeze (United Kingdom) and Miniplane-USA (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Macfly Paramotor (France), PXP Paramotor (Spain), G-Force Paramotors (Austria) and Adventure SA (France).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Paramotors market by Type, Application and Region.
On the basis of geography, the market of Paramotors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engine, the sub-segment i.e. 2-Stroke Engine will boost the Paramotors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- High Demand for Technically Advanced Paramotors
- Huge Investments by Major Players
Market Drivers
- Expansion of Tourism Industry Worldwide
- Increase in Adventurous Activities
- Increased Disposable Income of the People
Opportunities
- Increasing Demand from Developing Countries
- Growing Demand from End-users
Restraints
- Government Rules and Regulation for Paramotoring
- Technical Issues Related to Paramotors
Challenges
- Safety Issues of the Pilot
Key Target Audience
Paramotor manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.