Asia Pacific Sailcloth Market Forecast to 2030

At 3.9% CAGR, Asia Pacific Sailcloth Market is Speculated to be Worth US$ 40.64 Million by 2030, says The Research Team

According to The Research Team’ research, the Asia Pacific sailcloth market was valued at US$ 29.85 million in 2022 and is expected to reach US$ 40.64 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Growing popularity on competitive sailing events and growing focus on sustainable materials are among the critical factors attributed to drive the Asia Pacific sailcloth market growth.

Competitive sailing, including regattas, races, and championships, has seen a surge in participation globally. This rise in popularity is attributed to factors such as the thrill of competition, the sense of camaraderie among sailors, and the opportunity to showcase sailing skills on a competitive stage. Sailors participating in regattas and races constantly sought a competitive edge over their opponents. A high-performance sailcloth plays a crucial role in this quest, as it directly influences a boat’s speed, maneuverability, and overall performance. Sailors are, therefore, inclined to invest in advanced sail materials that offer superior aerodynamics, reduced weight, and increased durability, enhancing their chances of success in competitive events. Events such as the Paris 2024, Los Angeles 2028 Olympic Games, America’s Cup, Volvo Ocean Race, Clipper Round the World Yacht Race, and Vendée Globe captivate audiences worldwide. This international interest drives demand for sailcloth that can perform under diverse environmental conditions, from the frigid North Atlantic to the scorching tropics. Organizations such as World Sailing support the training of all sailors, including Para sailors and their coaches, with the World Sailing Inclusive Sailing Development Program (IDP) through several subsidized clinics. In addition, in July 2023, Australian Sailing announced the support of US$ 15 million through the Paris 2024 Olympic & Paralympic Preparation Fund to assist athletes and their sports with significant costs associated with their travel and accommodation to qualifying events overseas. Moreover, the growing reach of competitive sailing events, such as regattas and championships, is attracting diverse participants and spectators. As a result, sailcloth manufacturers are experiencing heightened demand from professional sailors and a growing community of sailing enthusiasts eager to invest in top-tier equipment for recreational use. The rising preference for sailing as a key sporting and recreational activity has encouraged governments and organizations to foster the growth of the maritime industry. This support encompasses financial incentives, infrastructure development, and initiatives that encourage participation in sailing events at various levels. Government funding and sponsorship for sailing events have paved the way for advancements in sailcloth technology. With a broader base of financial support, sailcloth manufacturers can invest in research and development, creating innovative materials that cater to the specific needs of competitive sailors. The financial backing by the government also contributes to the affordability of quality sailcloth, making it more accessible to a wider range of sailing enthusiasts. Organizations dedicated to the promotion of sailing, such as yacht clubs and sailing federations, play a pivotal role in driving the demand for sailcloth. They organize and endorse competitions, creating platforms that attract a growing number of participants. As these events gain traction, the demand for top-tier sailcloth rises as sailors seek cutting-edge materials to gain a competitive edge in their pursuits. The synergy between the growing popularity of sailing events and the increased support from various organizations and governments drives the demand for advanced sailcloth. This positive momentum is benefitting the sailing industry and also contributing to technological advancements that enhance the overall sailing experience for enthusiasts worldwide.

On the contrary, the high cost of premium sailcloth materials hampers the growth of Asia Pacific sailcloth market.

Based on fiber type, the Asia Pacific sailcloth market is categorized into polyester, nylon, ultra PE, carbon fiber, aramid, and others. The polyester segment held 41.4% market share in 2022, amassing US$ 12.36 million. It is projected to garner US$ 16.43 million by 2030 to register 3.6% CAGR during 2022–2030.

In terms of application, the Asia Pacific sailcloth market is bifurcated into cruising sails and racing sails. The racing sails segment held 61.8% share of Asia Pacific sailcloth market in 2022, amassing US$ 18.45 million. It is anticipated to garner US$ 24.95 million by 2030 to expand at 3.8% CAGR during 2022–2030.

Based on country, the Asia Pacific sailcloth market is categorized into China, Japan, Australia, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 32.2% share of Asia Pacific sailcloth market in 2022. It was assessed at US$ 9.60 million in 2022 and is likely to hit US$ 12.65 million by 2030, registering a CAGR of 3.5% during 2022–2030.

Key players operating in the Asia Pacific sailcloth market are 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, and Contender BV, among others.

In February 2022, Quantum Racing and 878 announced a partnership for the 2022-2023 seasons. Quantum Racing will use RedDot award-winning, full graphene technical and life-style products from 878 to improve sailors’ performance. The partnership will also benefit from 878’s innovative wearable sailing solutions. The Quantum Racing team will be their testbed, with a dozen top-level sailors selected for their expertise, competitiveness, and desire to support the team’s goals. 878, a challenger in the sailing industry, focuses on solving new challenges caused by the foiling revolution and increased speed. The partnership aims to move away from the previous 15-year products and embrace the new standard of material and technology innovation in professional sailing.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific sailcloth market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific sailcloth market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific sailcloth market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Sailcloth Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Porter’s Five Forces Analysis
5. Asia Pacific Sailcloth Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Interest in Recreational Sailing
5.1.2 Growing Popularity of Competitive Sailing Events
5.2 Market Restraints
5.2.1 High Cost of Premium Sailcloth Materials
5.3 Market Opportunities
5.3.1 Increasing Emphasis on Technological Advancement
5.4 Future Trends
5.4.1 Growing Focus on Sustainable Materials
5.5 Impact Analysis
6. Sailcloth Market – Asia Pacific Analysis
6.1 Asia Pacific Sailcloth Market Revenue (US$ Million), 2020-2030
6.2 Asia Pacific Sailcloth Market Forecast Analysis
7. Asia Pacific Sailcloth Market Analysis – by Fiber Type
7.1 Polyester
7.1.1 Overview
7.1.2 Polyester: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Nylon
7.2.1 Overview
7.2.2 Nylon: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Ultra PE
7.3.1 Overview
7.3.2 Ultra PE: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Carbon Fiber
7.4.1 Overview
7.4.2 Carbon Fiber: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Aramid
7.5.1 Overview
7.5.2 Aramid: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Sailcloth Market Analysis – by Application
8.1 Cruising Sails
8.1.1 Overview
8.1.2 Cruising Sails: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Racing Sails
8.2.1 Overview
8.2.2 Racing Sails: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Sailcloth Market – Country Analysis
9.1 Asia Pacific Market Overview
9.1.1 Asia Pacific: Sailcloth Market Breakdown, by Key Country, 2022 and 2030 (%)
9.1.1.1 Asia Pacific: Sailcloth Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Australia: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Australia: Sailcloth Market Breakdown, by Fiber Type
9.1.1.2.2 Australia: Sailcloth Market Breakdown, by Application
9.1.1.3 China: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 China: Sailcloth Market Breakdown, by Fiber Type
9.1.1.3.2 China: Sailcloth Market Breakdown, by Application
9.1.1.4 India: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 India: Sailcloth Market Breakdown, by Fiber Type
9.1.1.4.2 India: Sailcloth Market Breakdown, by Application
9.1.1.5 Japan: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Japan: Sailcloth Market Breakdown, by Fiber Type
9.1.1.5.2 Japan: Sailcloth Market Breakdown, by Application
9.1.1.6 South Korea: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 South Korea: Sailcloth Market Breakdown, by Fiber Type
9.1.1.6.2 South Korea: Sailcloth Market Breakdown, by Application
9.1.1.7 Rest of Asia Pacific: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Asia Pacific: Sailcloth Market Breakdown, by Fiber Type
9.1.1.7.2 Rest of Asia Pacific: Sailcloth Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Other Strategies and Developments
12. Company Profiles
12.1 Ullman Sails International Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Doyle Sails International Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Evolution Sails USA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Wilfer Sails Technology (Heyuan) Co Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Quantum Sails Design Group LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Elvstrom Sails AS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 North Sails GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Dimension-Polyant GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Contender BV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Research Team

LIST OF TABLES

Table 1. Asia Pacific Sailcloth Market Segmentation
Table 2. Asia Pacific Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 4. Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. Asia Pacific: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. Australia: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 7. Australia: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. China: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 9. China: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 10. India: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 11. India: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 12. Japan: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 13. Japan: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 14. South Korea: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 15. South Korea: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Rest of Asia Pacific: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Fiber Type
Table 17. Rest of Asia Pacific: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million) – by Application

LIST OF FIGURES

Figure 1. Asia Pacific Sailcloth Market Segmentation, by Country
Figure 2. Ecosystem: Sailcloth Market
Figure 3. Sailcloth Market – Porter’s Analysis
Figure 4. Sailcloth Market – Key Market Dynamics
Figure 5. Sailcloth Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Sailcloth Market Revenue (US$ Million), 2020-2030
Figure 7. Sailcloth Market Share (%) – by Fiber Type (2022 and 2030)
Figure 8. Polyester: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Nylon: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Ultra PE: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Carbon Fiber: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Aramid: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Sailcloth Market Share (%) – by Application (2022 and 2030)
Figure 15. Cruising Sails: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Racing Sails: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Sailcloth Market, by Key Country – Revenue (2022) (US$ Million)
Figure 18. Asia Pacific: Sailcloth Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 19. Australia: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. China: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. India: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Japan: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. South Korea: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Rest of Asia Pacific: Sailcloth Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Heat Map Analysis by Key Players
Figure 26. Company Positioning & Concentration