Sailcloth Market Size, Share, Demand, Revenue & Growth by 2030

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 As per a detailed survey conducted by FMI, the global sailcloth market size totaled US$ 400 Million in 2020. The versatility of sailcloth and consequent applications in manufacturing rucksacks, backpacks, and others is propelling the demand in the market. In response to this, the sailcloth market is projected to surpass US$ 500 Million in the next five years.

A swift increase in marine automotive vehicles such as yachts, sailboats, and others is witnessed owing to the ongoing trend of luxury traveling and recreational activities. According to a report by the National Marine Manufacturers Association, around 4,800 new sailboats were sold across the US alone in 2019. This rise in sales of marine vehicles is expected to propel the demand for all its components including sailcloth in the coming years.

Increasing number of water sports events such as sailboat championships, sailing shows, and yachts racings organized in counties such as Brazil, the US, Australia, UAE, China, and Italy among others is propelling the demand for sailcloth. In addition to this, the growing popularity of sailcloth for making tents and decorative hangings used in various events, owing to its ability to create a beautiful ambiance, is expected to create lucrative sales opportunities in the market.

On the basis of applications, the cruising sails segment is anticipated to outpace the racing sail segment, accounting for the more than half of the sales in the market. The primary factor driving the growth in the segment is the increasing demand for cruising sailboats and surging applications of sailcloth in cruising sailboats.

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“Leading manufacturers are emphasizing on adopting novel blending technologies to develop smart materials with impressive strength-to-weight ratio and heat resistance that cater to the increasing demand for high durability fabric. This is expected to favor the growth in the market,” says an FMI analyst.

Key Takeaways from the Sailcloth Market Study

  • The US is projected to account for the largest share of the North America market.
  • Italy, being one of the leading manufacturers and exporters of marine automotive vehicles, is anticipated to account for a considerable share in the Europe sailcloth market.
  • China sailcloth market is forecast to register the fastest growth in East Asia owing to the rising number of recreational sports activities and spurring sales of luxury sail yachts.
  • The UAE market is estimated to account for a significant share in the Middle East and Africa, favored by the increasing trend of luxury cruising in the country.
  • The nylon sailcloth segment is expected to continue dominating the market, driven by its high flexibility and tensile strength compared to sailcloth.

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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