Market Overview:
The global hot air ballooning equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger rides, advertising and sports events. Additionally, the growing popularity of hot air ballooning as a leisure activity is also contributing to the growth of this market. The global hot air ballooning equipment market can be segmented on the basis of type into envelopes, baskets and burners. On the basis of application, this market can be segmented into passenger rides, advertising and sports events. The passenger ride segment is expected to account for a major share in terms of revenue in this market during the forecast period owing to rising demand for such services across regions. Advertising is another key application area for hot air balloons and is expected to witness significant growth during the forecast period due to increasing spending by businesses on outdoor advertising campaigns globally.
Product Definition:
Hot air ballooning equipment is a set of equipment that is used to fly hot air balloons. This includes things like the balloon itself, the basket, and the burners. The importance of this equipment is that it allows people to fly in these balloons and experience a different kind of flight.
Envelopes:
Envelopes are thin, flexible sheets of paper or plastic that are inflated with air to form a balloon. The balloons have a large surface area in comparison to their volume, which allows them to gain more heat than would be possible using any other type of ballooning equipment.
The primary function of an envelope is insulation; however, it also serves as the main lifting gas supply and transportation medium for hot air balloons.
Baskets:
Baskets are small containers that are used to contain hot air ballooning equipment. They help in preventing the equipment from moving around while it is being transported and also prevent any damage that may occur to the fragile parts of the balloon. The different types of baskets available include woven wire, nylon, plastic film as well as wooden ones.
Application Insights:
Hot air balloons are used for various applications such as advertising, sports, and passenger ride. Advertising is expected to be the fastest-growing application segment over the forecast period owing to increasing awareness about brand promotions. The use of hot air balloons for promoting products and brands has become a common practice in recent years.
The passenger ride segment held around 40% of the global market share in terms of revenue in 2017 due to growing demand from adventure enthusiasts flying solo or with their family members. Solo travelers are likely to prefer single-occupancy baskets while families opt for double or multi-occupancy baskets depending upon their size requirements.
Regional Analysis:
North America dominated the global hot air ballooning equipment market in 2017. The region is expected to witness a considerable CAGR over the forecast period owing to increasing number of Balloon Fiesta events, such as Albuquerque International Balloon Fiesta and Monterey Bay Aquarium's Seafest. In addition, rising popularity of hot air ballooning as an adventure sport is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to growing interest in adventure sports activities across countries such as China and Japan. Furthermore, increasing number of promotional activities by companies such as PepsiCo Inc., Ford Motors Company LLC.
Europe accounted for more than 25% share in 2017 owing with high adoption rate across countries including France, U.K.
Growth Factors:
- Increasing demand for leisure travel and outdoor activities
- Growing popularity of hot air ballooning as a tourist attraction
- Rising number of air shows and competitions worldwide
- Proliferation of social media platforms that promote aerial photography and videography
- Technological advancements in hot air ballooning equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Air Ballooning Equipment Market Research Report
By Type
Envelopes, Baskets, Burners
By Application
Passenger Ride, Advertising, Sports
By Companies
Cameron Balloons, Firefly Balloons, Kubicek Balloons, Lindstrand Technologies, Ultramagic, Cameron Balloons
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Hot Air Ballooning Equipment Market Report Segments:
The global Hot Air Ballooning Equipment market is segmented on the basis of:
Types
Envelopes, Baskets, Burners
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
Passenger Ride, Advertising, Sports
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
- Ultramagic
- Cameron Balloons
Highlights of The Hot Air Ballooning Equipment 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:
- Envelopes
- Baskets
- Burners
- By Application:
- Passenger Ride
- Advertising
- Sports
- 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 Ballooning Equipment 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 balloons are large, helium-filled balloons that are used to travel through the air. The balloon is filled with hot air, which gives it lift.
Some of the key players operating in the hot air ballooning equipment market are Cameron Balloons, Firefly Balloons, Kubicek Balloons, Lindstrand Technologies, Ultramagic, Cameron Balloons.
The hot air ballooning equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Air Ballooning Equipment 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 Ballooning Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Air Ballooning Equipment 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 Ballooning Equipment 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 Ballooning Equipment Market Size & Forecast, 2018-2028
4.5.1 Hot Air Ballooning Equipment Market Size and Y-o-Y Growth
4.5.2 Hot Air Ballooning Equipment Market Absolute $ Opportunity
Chapter 5 Global Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Type
5.2.1 Envelopes
5.2.2 Baskets
5.2.3 Burners
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Applications
6.2.1 Passenger Ride
6.2.2 Advertising
6.2.3 Sports
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Air Ballooning Equipment 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 Ballooning Equipment 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 Hot Air Ballooning Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Type
9.6.1 Envelopes
9.6.2 Baskets
9.6.3 Burners
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 Hot Air Ballooning Equipment Market Size Forecast by Applications
9.10.1 Passenger Ride
9.10.2 Advertising
9.10.3 Sports
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 Hot Air Ballooning Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Type
10.6.1 Envelopes
10.6.2 Baskets
10.6.3 Burners
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 Hot Air Ballooning Equipment Market Size Forecast by Applications
10.10.1 Passenger Ride
10.10.2 Advertising
10.10.3 Sports
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 Hot Air Ballooning Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Type
11.6.1 Envelopes
11.6.2 Baskets
11.6.3 Burners
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 Hot Air Ballooning Equipment Market Size Forecast by Applications
11.10.1 Passenger Ride
11.10.2 Advertising
11.10.3 Sports
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 Hot Air Ballooning Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Hot Air Ballooning Equipment 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 Hot Air Ballooning Equipment Market Size Forecast by Type
12.6.1 Envelopes
12.6.2 Baskets
12.6.3 Burners
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 Hot Air Ballooning Equipment Market Size Forecast by Applications
12.10.1 Passenger Ride
12.10.2 Advertising
12.10.3 Sports
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) Hot Air Ballooning Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hot Air Ballooning Equipment 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) Hot Air Ballooning Equipment Market Size Forecast by Type
13.6.1 Envelopes
13.6.2 Baskets
13.6.3 Burners
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) Hot Air Ballooning Equipment Market Size Forecast by Applications
13.10.1 Passenger Ride
13.10.2 Advertising
13.10.3 Sports
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 Ballooning Equipment Market: Competitive Dashboard
14.2 Global Hot Air Ballooning Equipment 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 Ultramagic
14.3.6 Cameron Balloons
