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[Research Report] Sailcloth market size is projected to grow from US$ 133.18 million in 2022 to US$ 171.69 million by 2030; it is anticipated to register a CAGR of 3.2% from 2022 to 2030.
Market Insights and Analyst View:
A sailcloth is a strong, heavy cloth that is used for making sails. Sailcloth is available in numerous synthetic materials, arrangements, weights, and weaves. These materials vary widely in cost and durability. A few of the fiber materials used for making sailcloth are polyester, nylon, ultra PE, carbon fiber, aramid fiber, and others. In the realm of sailing, sailcloth plays a crucial role in crafting sails tailored for specific applications, notably in cruising and racing. For cruising sails, where durability and ease of handling are paramount, a sailcloth with a focus on longevity and resistance to wear is employed. Typically made from materials including woven polyester, cruising sails are designed for a wide range of wind conditions encountered during leisurely voyages. The chosen sailcloth ensures these sails withstand the rigors of extended use, providing reliability and stability for sailors enjoying a more relaxed pace on the water. Conversely, racing sails demand higher performance and responsiveness, pushing the boundaries of sailcloth technology. Advanced materials such as Kevlar or carbon fibers are frequently utilized in racing sailcloth to achieve the desired combination of strength, lightness, and low stretch.
Growth Drivers and Challenges:
The key factor bolstering the global sailcloth market size is the rising interest in recreational sailing. Sailing, one of the water sports linked with marine tourism, has increasingly become the center of attraction in coastal countries. Individuals are increasingly seeking activities that are entertaining and offer relaxation. The escalating interest in recreational sailing worldwide drives the demand for sailcloths. As more individuals and families embrace sailing as a leisure activity, there is a consequent surge in the demand for sailing vessels. Sailboats, a popular choice among boating enthusiasts, rely on high-quality sailcloths to ensure optimal performance on the water. In addition, the rising number of sailing events, regattas, and boating competitions has also increased the demand for premium sailcloths. Participants in these events often seek cutting-edge materials to gain a competitive edge, fostering a market for innovative and performance-driven sailcloths. The recreational boating industry is experiencing a significant upswing. According to the National Marine Manufacturers Association (NMMA), in 2022, the total value of the US recreational boating industry reached over US$ 170 billion, or 85% of all US recreational boats, marine engines, and accessory manufacturers. This trend echoed globally, with countries such as France, Italy, and Australia witnessing similar surges. The sailcloth market trends include the growing focus on sustainable materials.
The high cost of premium sailcloth materials is expected to restrain the global sailcloth market growth. High-performance materials offer enhanced durability, performance, and sailing experience. However, their high price points create barriers for a significant portion of the sailing community. Advanced fibers, such as carbon and aramid, are often used to create sailcloth with superior strength-to-weight ratios. The production processes for these materials require precision and specialized equipment, leading to increased manufacturing expenses. As a result, the final retail price of high-performance sailcloth reflects these production costs, making it prohibitive for budget-conscious sailors. In addition, the continuous research and development in improving sailcloth technologies increases the costs of sailcloth. Sailmakers are constantly innovating to stay ahead in the competitive market, creating materials with superior aerodynamics, reduced weight, and increased resistance to environmental factors. The expenses associated with research, testing, and the introduction of new technologies contribute to the overall high cost of these materials.
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Sailcloth Market: Strategic Insights
Market Size Value in US$ 133.18 million in 2022 Market Size Value by US$ 171.69 million by 2030 Growth rate CAGR of 3.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Sailcloth Market: Strategic Insights
| Market Size Value in | US$ 133.18 million in 2022 |
| Market Size Value by | US$ 171.69 million by 2030 |
| Growth rate | CAGR of 3.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The "Global Sailcloth Market Analysis" has been performed by considering the following segments: fiber type, application, and geography. Based on fiber type, the market is segmented into polyester, nylon, ultra PE, carbon fiber, aramid, and others. By application, the market is segmented into cruising sails and racing sails. The geographic scope of the sailcloth market report focuses on North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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Segmental Analysis:
Based on fiber type, the market is segmented into polyester, nylon, ultra PE, carbon fiber, aramid, and others. Based on fiber type, the polyester segment is anticipated to hold a significant sailcloth market share by 2030. Polyester is one of the popular types of sailcloth materials. Polyester sailcloth is a tightly woven fabric. It is durable and affordable enough to make an excellent alternative to older organic sailcloth. In addition, polyester sailcloth requires very little maintenance and is easy to repair. Polyester is stronger by weight, which allows sails to be lighter and thinner. Carbon fiber is also one of the major fiber types in the sailcloth market. Carbon fiber is one of the new and most popular sail materials. Carbon fiber is highly used in racing boats due to its durability and lightweight properties. Carbon fiber is known for its extreme strength-to-weight ratio. It does not stretch or decay rapidly. Depending on the production method, carbon fiber sailcloth can be highly brittle and damage intolerant or can be extremely durable than the other sail materials due to the balance between low stretch and high flexibility. The use of carbon fiber in sailcloth has many benefits, such as slightly lower modulus, larger denier size, and less penetration of adhesive throughout, which makes it a very reliable and durable yarn. Carbon is used in its pure form and in combination with aramid fiber for laminates.
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Regional Analysis:
Based on geography, the market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In terms of revenue, North America dominated the global sailcloth market share. The market in North America accounted for ~US$ 48 million in 2022. The North America sailcloth market is witnessing considerable growth owing to the surge in recreational boating participation. Boat sales have soared in recent years, driven by rising disposable incomes, increased interest in outdoor activities, and a desire for post-pandemic escape. This has surged the need for new sails, replacements, and repairs, boosting sailcloth consumption. The growing popularity of diverse boat types further fuels the North America sailcloth market growth. Furthermore, traditional catamarans, daysailers, and even windsurfing equipment are gaining traction across the region. This wider range of vessels requires specialized sailcloth materials, creating opportunities for niche markets and innovative fabric development.
Europe is another major contributor, holding more than 30% of the global market share. According to the European Boating Industry, the boating industry in Europe is dynamic and competitive and generates a substantial source of income for the economy. The industry encompasses boatbuilders, engine manufacturers, equipment manufacturers, trade and service providers, and employs ~32,000 companies, providing jobs to over 280,000 individuals. The Europe sailcloth market has experienced notable growth in recent years, driven by a combination of factors that reflect the region's rich maritime history and the contemporary popularity of sailing. With its extensive coastline, diverse water bodies, and strong sailing culture, Europe is a thriving market for sailcloth manufacturers.
Industry Developments and Future Opportunities:
The sailcloth market forecast can help stakeholders plan their growth strategies. The following are initiatives taken by the key players operating in the sailcloth market:
- In January 2024
,
North Sails unveiled the new NPL Renew, a sustainable sailcloth that consists of 90% recycled material and Finnish trees for yachts up to 45 feet in length. - In November 2021, Dimension-Polyant presented the first 100% climate-neutral sailcloth with bio-based raw material at the Nautic Paris Boat Show. The company's premium product, Hydra Net radial, is now manufactured with bio-based Dyneema fibers.
- In November 2021, Dimension-Polyant introduced a sustainable X-Pac Fabric Collection. New RX laminates are made with domestically sourced recycled materials and manufactured in the company's 100% climate-neutral US facility.
- In July 2021, Recreational equipment manufacturer and distributor Plastimo officially acquired Dismarina. This acquisition allowed Plastimo to negotiate a few brand distributions including Barton or Fishmaster for Spain. In addition, Dismarina will keep its distribution lines, such as Karver or Contender sailcloth.
- In August 2023, North Sails announced the appointment of 727 Sailbags as its European sail upcycling partner. The partnership between North Sails and 727 Sailbags provides a second life and diverts old sails from ending in landfills.
- In November 2022, American Magic and Quantum Racing joined forces and formed a high-performance partnership for the 2023 season.
- In February 2024, Dimension-Polyant and MSS Nautic A.? announced a partnership. Through this partnership, MSS Nautic A.?. will act exclusively as ambassador and dealer for Dimension-Polyant's sailcloth in Türkiye.
Competitive Landscape and Key Companies:
Ullman Sails International Inc, Doyle Sails International Ltd, Evolution Sails USA, Wilfer Sails Technology (Heyuan) Co Ltd, Quantum Sails Design Group LLC, Elvstrom Sails AS, North Sails GmbH, Dimension-Polyant GmbH, Contender BV, and Powerplast Srl are among the prominent players profiled in the sailcloth market report. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansions, partnerships, and collaborations in order to stay competitive in the market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fiber Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
A few players operating in the global sailcloth market Ullman Sails International Inc, Doyle Sails International Ltd, Evolution Sails USA, Wilfer Sails Technology (Heyuan) Co Ltd, Quantum Sails Design Group LLC, Elvstrom Sails AS, North Sails GmbH, Dimension-Polyant GmbH, Contender BV, and Powerplast Srl.
In 2022, North America held the largest share of the global sailcloth market. The North America sailcloth market is witnessing considerable growth owing to the surge in recreational boating participation.
The polyester segment held the largest share in the global sailcloth market in 2022. Polyester is one of the popular types of sailcloth materials. Polyester sailcloth is a tightly woven fabric. It is durable and affordable enough to make an excellent alternative to older organic sailcloth.
The racing sails segment held the largest share of the global sailcloth market in 2022. Aramid fibers are often the fiber of choice for racing sails. Also, racing sails make extensive use of carbon fiber due to its extremely durable and lightweight properties.
Asia Pacific is estimated to register the fastest CAGR in the global sailcloth market over the forecast period. Countries such as China, South Korea, and Thailand are experiencing a boom in yacht ownership, fueling the demand for high-performance sailcloths for racing and cruising.
The projected growth of the market is attributed to the rising interest in recreational sailing and the growing popularity of competitive sailing events.
The List of Companies - Sailcloth Market
- Ullman Sails International Inc
- Doyle Sails International Ltd
- Evolution Sails USA
- Wilfer Sails Technology (Heyuan) Co Ltd
- Quantum Sails Design Group LLC
- Elvstrom Sails AS
- North Sails GmbH
- Dimension-Polyant GmbH
- Contender BV
- Powerplast Srl
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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