Sails Market Outlook, Current and Future Industry
Sailcloth has been in the spotlight for quite some time now due to its excellent strength to weight ratio. It is durable, abrasion resistant and highly advanced, therefore considered suitable for tent and sail construction. Showing growth at a moderate pace, the sailcloth market is expected to surpass US$500 million over the next five years. While according to Future Market Insights (IMF), growth during the ongoing pandemic crisis may appear delayed, the market has opportunities for recovery as soon as COVID-19 passes. Thanks to advancements in technology, manufacturers can use sailcloth to spin various items. For example, sailcloth has become a favorite fabric for designing rugged backpacks. Meanwhile, due to its impressive heat resistance, sailcloth continues to be used in regular boat sails and cruising sails.
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Among the different types of fabrics in which a sailcloth is spun, aramid sailcloth is in considerably high demand. Aramid fabric is lightweight, heat resistant and has better stretch resistance. It is therefore one of the first choices for laminated cruising sails and racing sails.
Future Market Insights deepens the assessment of sailcloth market prospects. It is exploring opportunities for expansion beyond the conventional nautical and maritime industry. In addition to highlighting hidden opportunities, IMF discusses potential threats to the market at length in its recent study.
“Despite the growing popularity of sailcloth, the high price of the necessary raw materials will continue to create challenges for the market. Currently, however, the economic and social impact of the COVID-19 outbreak is hampering its trajectory. people around the world are avoiding tourism and the public are gathering to contain the virus, which is impacting the two most crucial segments – sails and tents,” a senior IMF analyst said.
Some of the key factors highlighted in the report are:
– Among the various types of sailcloth available in the market, nylon sailcloth is expected to dominate. Nylon is lighter and has superior abrasion resistance. Besides that, it has high flexibility and tensile strength, which makes it a preferred material. According to FMI, nylon’s susceptibility to chemical degradation and UV rays make it a better option because it eliminates the fear of being thrown into landfills.
– In terms of application, cruise sales hold the leading global market share. Dacron will remain the standard sail fabric used in the category. The high resilience of the fiber will promote the growth of the segment
– At the regional level, Europe currently leads the world sailcloth market. Growing demand seen in Denmark, France, Italy and UK will support market expansion in the region
The sailcloth market displays the presence of several international and local players. Companies operating in the market are focusing on technological advancements to gain a competitive edge. They seek to leverage their expertise to launch new products:
– For example, a company called Contender Sailcloth launched a hybrid range of sailor fabric and called it Fibercon in March 2019. This fabric demonstrates better wear resistance
Driven by advancements in technology and increasing attention to research and development, the global sailcloth market will continue to show growth at a steady pace.
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Key segment of the sailcloth market
– Laminated sailcloth
– Nylon sailcloth
– Polyester sailcloth
– Cruising sails
– Racing sails
2. Market Overview
3. Assessment of risks and market trends
4. Market Context and Basic Data Points
5. Key success factors
To be continued…!
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About the IGF
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
This press release was published on openPR.