At 3.5% CAGR, Middle East & Africa Sailcloth Market is Projected to be Worth US$ 5.02 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa sailcloth market was valued at US$ 3.82 million in 2022 and is expected to reach US$ 5.02 million by 2030, registering a CAGR of 3.5% from 2022 to 2030. Rising interest in recreational sailing and growing focus on sustainable materials are among the critical factors attributed to drive the Middle East & Africa sailcloth market growth.

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 sailcloth. 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 sailcloth 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 sailcloth. Participants in these events often seek cutting-edge materials to gain a competitive edge, fostering a market for innovative and performance-driven sailcloth. Millennials, in particular, are known for their active lifestyles and appreciation for unique experiences, making sailing a natural fit. Thus, the surge in recreational boating significantly influences the demand for sailcloth. Factors such as increased disposable income, technological advancements, and competitive sailing events collectively contribute to the market growth.

On the contrary, the high cost of premium sailcloth materials hampers the growth of Middle East & Africa sailcloth market.

Based on fiber type, the Middle East & Africa sailcloth market is categorized into polyester, nylon, ultra PE, carbon fiber, aramid, and others. The polyester segment held 41.0% market share in 2022, amassing US$ 1.57 million. It is projected to garner US$ 2.01 million by 2030 to register 3.2% CAGR during 2022-2030.

In terms of application, the Middle East & Africa sailcloth market is bifurcated into cruising sails and racing sails. The racing sails segment held 64.7% share of Middle East & Africa sailcloth market in 2022, amassing US$ 2.47 million. It is anticipated to garner US$ 3.22 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Based on country, the Middle East & Africa sailcloth market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 35.6% share of Middle East & Africa sailcloth market in 2022. It was assessed at US$ 1.36 million in 2022 and is likely to hit US$ 1.78 million by 2030, registering a CAGR of 3.4% during 2022-2030.

Key players operating in the Middle East & Africa sailcloth market are Ullman Sails International Inc, Evolution Sails USA, Quantum Sails Design Group LLC, Elvstrom Sails AS, North Sails 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.

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