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Parachute fabric is a fabric used in the manufacture of a parachute. Parachute is a device used to slow the motion of an object through atmosphere by creating drag, or in case of ram-air parachutes, aerodynamic lift. The major part involved in the manufacturing of a parachute are the material or cloth that is used for making of the parachute canopies. Material used in manufacturing parachute slows down the air and maintains balance. Materials used in the manufacture of parachute should be light and strong such as silk and nylon. Previously, parachute fabric was made from canvas material. However, silk has proved to be stronger and practically viable material in the manufacture of parachute canopies.

Based upon raw material, the parachute fabric market can be segmented into silk, nylon, canvas, and others. Silk material is lightweight, thin, strong, fire resistant, easy to pack, and springy. Thus, it is majorly used in the manufacture of parachute. Nylon is another raw material that is used in the manufacture of parachute. Nylon is more superior to silk. It has more elasticity than silk. It is also resistant to mildew and is cheaper compared to silk material. Demand for nylon is higher compared to silk material in the parachute fabric market. The others segment consists of materials such as dacron and Kevlar. The segment held low share of the parachute fabric market in 2016. Dacron and Kevlar are recently being used in the manufacture of parachute; therefore, demand for these raw materials are observed to be less. Silk and nylon are the majorly preferred raw material for the manufacturing of parachute fabric. However, the share of others segment i.e. Dacron and Kevlar are anticipated to rise during the forecast period.

Based upon region, the parachute fabric market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of demand, North America accounted for the major share of the parachute fabric market, followed by Europe and Asia Pacific. Demand for these fabrics is high in North America as people in the region are more inclined toward water sports. The region is also the highest spender in defense. Thus, demand for parachutes is high for military purpose. The U.S. defense force is one of the largest in the world and there has been a continuous increase in the defense spending by the U.S. government. Presence of large number of tourist areas and growth in the tourism industry in countries such as India, Thailand, Singapore, and Malaysia are estimated to boost the demand for parachute fabric in Asia Pacific region. Japan, India, and China are anticipated to be the leading countries of the parachute fabric market in military application. Latin America and Middle East & Africa accounted for low share of the parachute fabric market in 2016. However, demand for parachute fabric in these regions is projected to rise in the near future. Countries in Middle East & Africa and Latin America are striving to improve their tourism industry. Tourism in Brazil is observed to be growing sector and key to the economy of several regions of the country.

Key manufacturers operating in the global parachute fabric market include Parachute Systems, Airborne Systems, Ruby Mills Ltd., Shahlon Group and FXC Corporation. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Parachute Fabric Market

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