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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.