Report : South & Central America Sailcloth Market Forecast to 2030 - Regional Analysis - by Fiber Type (Polyester, Nylon, Ultra PE, Carbon Fiber, Aramid, and Others) and Application (Cruising Sails and Racing Sails)
At 3.3% CAGR, South & Central America Sailcloth Market is Speculated to be Worth US$ 8.07 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the South & Central America sailcloth market was valued at US$ 6.23 million in 2022 and is expected to reach US$ 8.07 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Growing focus on sustainable materials and rising interest in recreational sailing are among the critical factors attributed to drive the South & Central America sailcloth market growth.
Sustainability is becoming a key focus in sailcloth innovation, with the development of eco-friendly materials and production processes. The sailcloth market is undergoing a transformative shift driven by the growing focus on sustainable materials. This has propelled the demand for sailcloth that not only deliver high performance but also align with eco-friendly principles. Sustainable sailcloth materials encompass a range of options, including recycled fibers, bio-based polymers, and fabrics derived from renewable sources. Sail manufacturers are proactively responding to this shift by incorporating these materials into their product lines, addressing resource depletion and waste generation concerns. The sailcloth industry's commitment to sustainability goes beyond regulatory compliance, reflecting an acknowledgment of its role in minimizing its ecological footprint. The development of sailcloth made from recycled plastic, bamboo fibers, and other sustainable materials will most likely cater to the growing demand for eco-conscious products. In January 2024, North Sails announced the launch of NPL Renew, a sustainable sailcloth for yachts up to 45 feet (13.7 meters) in length that consists of 90% recycled material and Finnish trees. As environmental consciousness grows within the sailing community and beyond, sailcloth manufacturers are investing in solutions that reduce their ecological footprint. This focus on sustainable materials in the sailcloth market is not merely a response to consumer trends, but it also represents a strategic move for the development of the industry in future. As governments and organizations worldwide prioritize environmental sustainability, sailcloth manufacturers that embrace eco-friendly practices position themselves as leaders in responsible production. This, in turn, opens up new avenues for growth as environmentally conscious sailors actively seek out products that align with their values. Thus, the growing focus on sustainable materials is a compelling force projected to shape the future of the sailcloth market.
On the contrary, the high cost of premium sailcloth materials hampers the growth of South & Central America sailcloth market.
Based on fiber type, the South & Central America sailcloth market is categorized into polyester, nylon, ultra PE, carbon fiber, aramid, and others. The polyester segment held 41.3% market share in 2022, amassing US$ 2.58 million. It is projected to garner US$ 3.25 million by 2030 to register 3.0% CAGR during 2022-2030.
In terms of application, the South & Central America sailcloth market is bifurcated into cruising sails and racing sails. The racing sails segment held 63.2% share of South & Central America sailcloth market in 2022, amassing US$ 3.94 million. It is anticipated to garner US$ 5.05 million by 2030 to expand at 3.1% CAGR during 2022-2030.
Based on country, the South & Central America sailcloth market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 49.6% share of South & Central America sailcloth market in 2022. It was assessed at US$ 3.09 million in 2022 and is likely to hit US$ 4.04 million by 2030, registering a CAGR of 3.4% during 2022-2030.
Key players operating in the South & Central America sailcloth market are Ullman Sails International Inc, 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.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com