Market Overview:
The global hot air balloon baskets market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for hot air balloons for recreational activities and commercial purposes. Additionally, the growing popularity of aerial photography and videography is also propelling the demand for hot air balloons globally. Based on type, the global hot air balloon baskets market has been segmented into with seats and without seats segments. The with seats segment is anticipated to account for a larger share in terms of revenue in 2018 as compared to that of without seats segment owing to its higher adoption by commercial users across different regions worldwide. However, during the forecast period (2018-2030), both segments are expected witness significant growth rates due to rising demand from various end-use applications such as monitoring & mapping, advertising & promotion etc.
Product Definition:
A hot air balloon basket is a wicker or fabric container that holds the passengers and equipment in a hot air balloon. It is usually shaped like a truncated cone, with the opening at the small end. The basket helps to distribute the weight of the passengers and equipment evenly, so that the balloon does not become unstable.
With Seats:
With seats is a method of carrying passengers in a hot air balloon basket. It's an easy and cheap way to add passenger capacity to any balloon, without having to invest in the development of new gas bags or buying larger balloons. With seats can be used on any type of hot air balloon including racing, luxury, standard class etc., as long as they have enough volume for everyone (6-8 persons) inside the envelope.
Without Seats:
The Without Seats is a device that helps in maintaining the basket of hot air balloon without using any seats. It is used to balance the weight of passengers and cargo in balloons. The main function of this product includes preventing passengers from sliding off or getting hurt during take-off and landing, as well as protecting payloads from shifting or falling out while ascending or descending.
Application Insights:
The mapping application segment dominated the global hot air balloon baskets market in terms of revenue share in 2017. The demand for aerial imaging and mapping applications is increasing across various industries such as construction, oil & gas and agriculture. Mapping applications are also gaining traction among cartographers due to the availability of high-resolution datasets acquired through HOT Baskets.
Monitoring application is expected to be the fastest-growing segment over the forecast period owing to its rising use by farmers for crop monitoring, environmental monitoring and weather forecasting purposes. In addition, this service has a direct benefit for farmers as it provides real-time data on crops which was not possible with conventional methods such as using binoculars or a telescope from ground level. Thus, these services have led to increased adoption of hot air balloon baskets among amateurs and professionals who can afford it thus driving growth over recent years.
Regional Analysis:
North America dominated the global hot air balloon baskets market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period. Increasing number of Balloon Fiesta Days (BFD) and National Hot Air Ballooning Championships (NHABN) held annually in U.S., along with growing popularity for aerial sports, is one of the major factors contributing to regional growth.
Asia Pacific also contributed significantly towards market growth owing to increasing tourism activities supported by promotion and development programs implemented by governments across countries such as India, China, Japan.
Growth Factors:
- Increasing demand for leisure travel and outdoor activities
- Growing popularity of hot air ballooning as a recreational activity
- Rising number of tourist destinations that offer hot air ballooning opportunities
- Proliferation of online booking platforms for hot air balloon rides
- Development of new and innovative basket designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Air Balloon Baskets Market Research Report
By Type
With Seats, Without Seats
By Application
Monitoring, Mapping
By Companies
Cameron Balloons, Firefly Balloons, Kubicek Balloons, Lindstrand Technologies, National Ballooning, Ultramagic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Hot Air Balloon Baskets Market Report Segments:
The global Hot Air Balloon Baskets market is segmented on the basis of:
Types
With Seats, Without Seats
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Monitoring, Mapping
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cameron Balloons
- Firefly Balloons
- Kubicek Balloons
- Lindstrand Technologies
- National Ballooning
- Ultramagic
Highlights of The Hot Air Balloon Baskets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- With Seats
- Without Seats
- By Application:
- Monitoring
- Mapping
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Air Balloon Baskets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot air balloon baskets are a type of basket used to transport goods or passengers in hot air balloons.
Some of the major companies in the hot air balloon baskets market are Cameron Balloons, Firefly Balloons, Kubicek Balloons, Lindstrand Technologies, National Ballooning, Ultramagic.
The hot air balloon baskets market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Air Balloon Baskets Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hot Air Balloon Baskets Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hot Air Balloon Baskets Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hot Air Balloon Baskets Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hot Air Balloon Baskets Market Size & Forecast, 2020-2028 4.5.1 Hot Air Balloon Baskets Market Size and Y-o-Y Growth 4.5.2 Hot Air Balloon Baskets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 With Seats
5.2.2 Without Seats
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Monitoring
6.2.2 Mapping
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Air Balloon Baskets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Air Balloon Baskets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 With Seats
9.6.2 Without Seats
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Monitoring
9.10.2 Mapping
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 With Seats
10.6.2 Without Seats
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Monitoring
10.10.2 Mapping
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 With Seats
11.6.2 Without Seats
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Monitoring
11.10.2 Mapping
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 With Seats
12.6.2 Without Seats
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Monitoring
12.10.2 Mapping
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 With Seats
13.6.2 Without Seats
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Monitoring
13.10.2 Mapping
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Air Balloon Baskets Market: Competitive Dashboard
14.2 Global Hot Air Balloon Baskets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cameron Balloons
14.3.2 Firefly Balloons
14.3.3 Kubicek Balloons
14.3.4 Lindstrand Technologies
14.3.5 National Ballooning
14.3.6 Ultramagic