A fresh report has been added to the wide database of Fact.MR. The research study is titled “BASE Jumping Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2027” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the BASE jumping equipment market would rise at a positive CAGR during the period 2018-2027.
BASE (B- Building, A- Antenna, S- Span and E- Earth) or B.A.S.E jumping is a type of parachuting activity from fixed structures. To brief about BASE jumping, it is a low altitude jumping activity which is more hazardous than skydiving from a plane. As there are many risks involved in BASE jumping, it is prohibited in several regions. BASE jumping is considered as an extreme sport or a stunt and is allowed in few places such as the Perrine Bridge. Some of the recent notable BASE jumps are: a citizen of Chile Ramon Rojas broke the record of the highest BASE jump of about 4,100 meters. In the same year, Whisper was the first dog in the world who participated in BASE jumping.
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Apart from the thrilling stunt experience the individual gains from this sport, the rate of fatalities associated are also high. According to Blincmagazine.com, approximately 328 deaths during BASE jumping are recorded since the year 1981 till 2017. Hence safety equipment such as parachutes, containers, stash bags, and pilot chutes are used as safety measures in the BASE jumping activity.
BASE Jumping Equipment- Drivers
Base jumping is considered as an adventure sport and hence there are many physical and emotional benefits associated with it that are expected to increase the number of individuals opting for this sport which in turn is expected to fuel the growth of BASE jumping equipment and hence the global market. Increasing number of sportsmen are opting for learning lessons for BASE jumping that can help them in solving problems, to have positive attitude, to increase fitness, and also to have healthy emotional balance. As more number of people are accepting the challenge of BASE jumping, the market for its equipment is expected to grow significantly in the coming years. BASE jumping offers a life changing experience that boosts the confidence and also rejuvenates mental health. As younger generation is suffering from stress and anxiety owing to changing lifestyle, adventure sports such as sky diving and BASE jumping are gaining increasing popularity amongst the crowd, which is poised to create positive influence on the BASE jumping equipment market in the years to follow.
BASE Jumping Equipment- Restraints
One of the major factor hampering the growth of the BASE jumping equipment market is its life threatening and risky nature. BASE jumping is assumed to be more dangerous than sky diving. Owing to increasing mortality rate during base jumping, it is prohibited in many parts across the globe. Another factor that is hindering the growth of the base jumping equipment market is the risk associated with BASE jumping locations. These locations are very small to land making the sport risky. This has resulted in reduced participation since past few years. One fatality per sixty participants is the mortality rate of BASE jumping in the year 2006. Since then this ratio has been increasing which has a restraining impact on the BASE jumping equipment market.
BASE Jumping Equipment- Regional Overview
BASE jumping is not permitted in many parts of the globe and therefore its popularity and adoption is also limited to certain parts across the world (where the sport is permitted). One of the hot spot for BASE jumping is located in West Virginia at the New River Gorge Bridge. Some other legal sites for BASE jumping are European Alps, and Kjerag Mountain in Norway. Troll Wall in Norway and Sydney Harbour Bride are banned sites for BASE jumping.
BASE Jumping Equipment- Top Companies
Asylum Designs, Rock Sky Market, Apex base, Basejumper.com and Squirrel are some of the top BASE jumping equipment players across the word.
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