Sailcloth Market to surpass US$ 500 Mn in the Next Five-years as Demand for Sailboat Accelerates Worldwide: FMI

A swift increase in marine automotive vehicles such as yachts, sailboats, and others is witnessed owing to the ongoing trend of luxury traveling and recreational activities. According to a report by the National Marine Manufacturers Association, around 4,800 new sailboats were sold across the U.S. alone in 2019. This rise in sales of marine vehicles is expected to propel the demand for all its components including sailcloth in the coming years. A swift increase in marine automotive vehicles...

A swift increase in marine automotive vehicles such as yachts, sailboats, and others is witnessed owing to the ongoing trend of luxury traveling and recreational activities. According to a report by the National Marine Manufacturers Association, around 4,800 new sailboats were sold across the U.S. alone in 2019. This rise in sales of marine vehicles is expected to propel the demand for all its components including sailcloth in the coming years.

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Increasing number of water sports events such as sailboat championships, sailing shows, and yachts racings organized in counties such as Brazil, the U.S., Australia, UAE, China, and Italy among others is propelling the demand for sailcloth. In addition to this, growing popularity of sailcloth for making tents and decorative hangings used in various events, owing to its ability to create a beautiful ambiance, is expected to create lucrative sales opportunities in the market.

On the basis of applications, the cruising sails segment is anticipated to outpace the racing sail segment, accounting for the more than half of the sales in the market. The primary factor driving the growth in the segment is the increasing demand for cruising sailboats and surging applications of sailcloth in cruising sailboats.

"Leading manufacturers are emphasizing on adopting novel blending technologies to develop smart materials with impressive strength-to-weight ratio and heat resistance that cater to the increasing demand for high durability fabric. This is expected to favor the growth in the market," says a FMI analyst.

Key Takeaways from Sailcloth Market Study

Key Drivers

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Key Restraints

Competitive Landscape

Companies in the global sailcloth market are seeking to leverage their expertise to launch novel products for competitive edge over other players. For instance,

Some of the key players operating in the market profiled by FMI are:

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More Valuable Insights on Sailcloth Market

FMI, in its new report, provides a detailed analysis of the global sailcloth market and also forecast the demand-sales statistics for the assessment period 2021 and 2031. The survey reveals growth projections in sailcloth market with detailed segmentation:

Type

Application

Region

Key Questions Covered in the Report

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