A hot air balloon is an aerostat in which the lifting force is based on hot air that is produced by a propane burner. Envelopes, baskets, and burners are the main components of a hot air balloon. Certain ancillary products used along with the normal components in a hot air balloon include fuel cylinders, special heat shields, inflation fans, accessories and spares, and other instruments. Research analysts forecast the Global Hot Air Ballooning Equipment Market to grow at a CAGR of 6.15% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hot air ballooning equipment market. To calculate the market size, the report considers the revenue generated from the sales of components used in hot air balloons include envelopes, burners, and baskets.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global hot air ballooning equipment market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Cameron Balloons
Firefly Balloons
Kubicek Balloons
Lindstrand Technologies
Ultramagic
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Market driver
Increasing participation in ballooning events across developing countries
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Market challenge
Increase in number of hot balloon accidents
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Market trend
Emphasis on providing training to pilots
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Key questions answered in this report
1. What will the market size be in 2022 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?
7. What are the strengths and weaknesses of the key vendors?
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