In a recently published report titled “Global Sailcloth Market”, analysts at Marketresearch.Biz disclosed that the global market is projected to register a steady Compounded Annual Growth Rate of 3.7% over the 10-year forecast period starting 2020. The overall value the market by 2028 is expected to reach well-over US$ 530 million. The report was prepared with meticulous research, study, and analysis, and was conducted through the use of extensive expert opinion and inputs, as well as exhaustive primary and secondary data sources and data bases. Various factors, such as those positively or negatively impacting industry scenarios and trends in the target market. The market has been segmented on the basis of product type, application, and regions and countries. Revenue from the global sailcloth market is expected to expand at a CAGR of 3.7% and is projected to reach a value of US$ 535.4 Mn in 2028.
Among the product type segments, the laminate sailcloth segment in the global sailcloth market was estimated to account for majority revenue share in 2019, and this robust growth is projected to continue over the forecast period.
Among the application segments, the cruising sails segment is expected to account for highest revenue share, and is expected to continue its dominance in the global market over the forecast period.
The global sailcloth market report is segmented into North America, Europe, Asia Pacific, South America, Middle East & Africa. The market in North America is estimated to account for majority revenue share in the global market in 2020, and is expected to register a significantly high CAGR over the next 10 years. The market in Europe is expected to account for second-largest revenue share in the global market, followed by markets in China, Southeast Asia, Japan, and India respectively.
Key players operating in the global sailcloth market include Sioen Industries (Dimension Polyant), North Sails, Bainbridge International, Doyle Sails, HOOD Sailmakers, Contender Sailcloth, British Millerain, Aztec Tents, Challenge Sailcloth, Powerplast Srl, and others.