The demand for sailcloth is anticipated to cross USD 500 million in the following five years, growing at a moderate rate. While growth during the ongoing pandemic crisis may appear to be stifled, Future Market Insights (FMI) predicts that the market will likely return as soon as COVID-19 is over.
Due to its exceptional strength-to-weight ratio, sailcloth has been in the spotlight for a while. It is regarded as appropriate for making tents and sails since it is strong, abrasion-resistant, and highly developed.
The Aramid sailcloth, one of the many fabric kinds that may be made from sailcloth, is in extremely high demand. Aramid cloth is thin, heat-resistant, and exhibits higher stretch resistance. As a result, it is a popular option for laminating cruising and racing sails.
A deep analysis of the sailcloth market’s potential is done by Future Market Insights. It examines the potential for growth outside of the traditional boating and marine industries. In addition to revealing untapped prospects, FMI’s most recent analysis goes into great detail about prospective market challenges.
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Some of the key factors highlighted in the report are:
- Among various types of sailcloth available in the market, nylon sailcloth is expected to boast dominance. Nylon is more lightweight and has superior abrasion resistance. Besides this, it shows high flexibility and tensile strength, which make it a preferred material. According to FMI, the susceptibility of nylon to chemical degradation and UV makes it a better option since it eliminates the fear of getting dumped into landfills
- In terms of application, cruising sales will hold the leading share in the global market. Dacron will remain the standard sail fabric used in the category. The high resiliency of the fiber will aid growth in the segment
- Regionally, Europe currently leads the global sailcloth market. Rising demand witnessed in Denmark, France, Italy, and the U.K will support expansion of the market in the region
“Despite increasing popularity of sailcloth, the high price of raw materials required will continue creating challenges for the market. Currently, however, the economic and social impact of COVID-19 outbreak is hindering its trajectory. People around the world are avoiding tourism and public gathering to contain the virus, which is impacting the two most crucial segments – sails and tents,” said a lead analyst at FMI.
Who is winning?
The sailcloth market exhibits the presence of several international and local players. Companies operating in the market are focusing on technological advancements to gain competitive edge. They are seeking to leverage their expertise to launch novel products:
- For instance, a company called Contender Sailcloth launched a hybrid range of marine fabric and called it Fibercon in March 2019. This fabric demonstrates better resistance to wear and tear
Driven by technological advancements and rising focus on research and developments, the global sailcloth market will continue exhibiting growth at a steady pace.
Some of the leading companies operating in the market are:
- DIMENSION-POLYANT GmbH
- Bainbridge International Limited
- Challenge Sailcloth, Inc.
- Contender U.S.
- Doyle Sailmakers
- British Millerain
- Aztec Tents
- IYU Ltd
- North Sails & North Technology Group
- Quantum Sails
Get Valuable Insights into Sailcloth Market
Future Market Insights executive level blueprint of the sailcloth market in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market’s trajectory across these segments are also studied in detail for a period between 2020 and 2030.
The report studies the global sailcloth market and segments it in terms of type into laminate sailcloth, nylon sailcloth, polyester sailcloth and others. Based on application, the market can be segmented into cruising sails, racing sails, and others. Regionally, the global sailcloth market can be segmented into North America, Latin America, Europe, Asia Pacific, Oceania, and the Middle East and Africa.
Sailcloth Market Key Segment
Type
- Laminate Sailcloth
- Nylon Sailcloth
- Polyester Sailcloth
Application
- Cruising Sails
- Racing Sails
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- MEA
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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