Overview:

Sailcloth is a textile product that includes different types of fibers such as flax, hemp, or cotton and is widely used for manufacturing of sails or tents. Modern sailcloth is made from synthetic fiber and is expensive. 

Market Dynamics:

Wide applicability of sailcloth is various end use industries such as cruising sails, racing sails, etc. is a major factor expected to drive the growth of global sailcloth market. Rapid advancements in sailcloth fabric due to increasing number of performance parameters, coupled with introduction new products from players that are strong, durable, and better resistant are other prominent factors expected to fuel growth of target market.

Major players are focused on business expansion through strategic merger and acquisition this is expected to help company to enhance their customer base and enhance product portfolio. These are other important factors expected to further augment growth of target market. In 2019, Bestop, Inc. acquired Softopper, LLC a leading designer, manufacturer and distributor of convertible soft tops for light-duty pickup trucks and SUV’s. This acquisition is expected to help the company to enhance the business and increase the profit ratio.

In addition, players inclination towards developing countries in order to track the untapped market is another factor expected to further support the growth of target market.  

Key Trends:

Players are investing high in R&D activities and innovative product offerings in order to attract new customers, these are key trends observed in the sailcloth market.  In 2019, Contender Sailcloth a global supplier to sailmaker the best available fabrics launched a new range of marine fabrics, called the Fibercon hybrid range. The company is focusing on R&D activities and development of product that has better performance during impact damage, resistance, and good weaving density. This product launch is expected to help the company to enhance the customer base. 

Regional Analysis:

For detailed understanding of market dynamics, the global sailcloth market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounts for the major revenue share in 2018, owing to wide applicability of sailcloth in cruising. In addition, presence of major players operating in the co8untry and innovative product offerings is another factor expected to further support the growth of target market

Scope of the Report:

Detailed Segmentation:

Global Sailcloth Market, By Type:

• Laminate Sailcloth
• Nylon Sailcloth
• Polyester Sailcloth

Global Sailcloth Market, By Application:

• Cruising Sails
• Racing Sails

Key Players Covered:

Key players operating in the sailcloth market includes, Challenge Sailcloth, Inc., Contender U.S., Doyle Sailmakers, Inc., British Millerain Co. Ltd.,DIMENSION-POLYANT GmbH, Bainbridge International Limited, Aztec Tents, IYU Ltd., North Sails & North Technology Group, and Quantum Sails.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Sailcloth Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global sailcloth market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.