The global pole vault equipment market is envisioned to garner $1,50,766.1 thousand by 2031, growing from $1,11,961.0 thousand in 2021 at a CAGR of 3.2% from 2022 to 2031.
The emphasis in society on physical fitness and health has raised interest in unique and demanding physical activities such as pole vaulting. Additionally, manufacturers and distributors may more easily access prospective customers globally because of the growth of e-commerce and direct-to-consumer sales channels, which has expanded the market for pole vault equipment. Manufacturers now have a chance to stand above the competition by introducing new and enhanced products and offer specialized training resources and facilities for pole vaulting.
The pole vault equipment industry is highly impacted by activity-related injuries as well as decreasing involvement of people in pole vaulting. It is recognized as the third most difficult sport in the world, with the risk of injury Increasing with height of the vault. Furthermore, in certain cases, injuries occur as a result of pole cracking, resulting in significant bodily harm. During the evaluation period, the physically demanding and highly difficult character of pole vault sport is projected to hinder the growth of the pole vault equipment market.
The market players are capitalizing on the constantly expanding demand for pole vault equipment in a variety of applications such as professional sports and collegiate sports. Players are expanding their reach through collaborations, partnerships, and acquisitions with current small, medium, and large-scale providers. For instance, in June 2022, The Eastbay Team Sales business of Foot Locker Retail, Inc. was acquired by BSN SPORTS, a division of Varsity Brands and one of the largest direct marketers and distributors of sporting goods, footwear, apparel, and branding to the school and league markets.
The worldwide outbreak of COVID-19 had a significant impact on the pole vault equipment market. Many athletes were unable to obtain the equipment they required for training and competition due to widespread closures of sports venues, Including schools and gyms. This reduced the demand for pole vault equipment, especially in the early phases of a pandemic. The outbreak also caused delays in the production and distribution of pole vault equipment by disrupting the global supply chain. The decreasing demand led to a challenging economic environment for the sector, especially for smaller businesses and manufacturers.
The key players profiled in this report Include Gill Athletics, BSN Sports LLC, aluminum athletic equipment co., Nordic Sport AB, United Canvas & Sling Incorporated, Altius Poles, Dimasport SA, Blazer Athletic Equipment, A.R.H Sports Equipment Ltd, and ESSX.
The emphasis in society on physical fitness and health has raised interest in unique and demanding physical activities such as pole vaulting. Additionally, manufacturers and distributors may more easily access prospective customers globally because of the growth of e-commerce and direct-to-consumer sales channels, which has expanded the market for pole vault equipment. Manufacturers now have a chance to stand above the competition by introducing new and enhanced products and offer specialized training resources and facilities for pole vaulting.
The pole vault equipment industry is highly impacted by activity-related injuries as well as decreasing involvement of people in pole vaulting. It is recognized as the third most difficult sport in the world, with the risk of injury Increasing with height of the vault. Furthermore, in certain cases, injuries occur as a result of pole cracking, resulting in significant bodily harm. During the evaluation period, the physically demanding and highly difficult character of pole vault sport is projected to hinder the growth of the pole vault equipment market.
The market players are capitalizing on the constantly expanding demand for pole vault equipment in a variety of applications such as professional sports and collegiate sports. Players are expanding their reach through collaborations, partnerships, and acquisitions with current small, medium, and large-scale providers. For instance, in June 2022, The Eastbay Team Sales business of Foot Locker Retail, Inc. was acquired by BSN SPORTS, a division of Varsity Brands and one of the largest direct marketers and distributors of sporting goods, footwear, apparel, and branding to the school and league markets.
The worldwide outbreak of COVID-19 had a significant impact on the pole vault equipment market. Many athletes were unable to obtain the equipment they required for training and competition due to widespread closures of sports venues, Including schools and gyms. This reduced the demand for pole vault equipment, especially in the early phases of a pandemic. The outbreak also caused delays in the production and distribution of pole vault equipment by disrupting the global supply chain. The decreasing demand led to a challenging economic environment for the sector, especially for smaller businesses and manufacturers.
The key players profiled in this report Include Gill Athletics, BSN Sports LLC, aluminum athletic equipment co., Nordic Sport AB, United Canvas & Sling Incorporated, Altius Poles, Dimasport SA, Blazer Athletic Equipment, A.R.H Sports Equipment Ltd, and ESSX.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pole vault equipment market analysis from 2021 to 2031 to identify the prevailing pole vault equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pole vault equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global pole vault equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Buyer Type
- Individual
- Promotional
- Institutional
By Sales Channel
- Sports Variety Stores
- Direct to Customer Channel
- Third Party Online Channel
- Other Channels
By Product Type
- Accessories
- Others
- Pole Vault Mat
- Vault Box
- Cross Bars
- Height Gauge
- Pole Vault Uprights
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Altius Poles
- aluminum athletic equipment co.
- A.R.H Sports Equipment Ltd
- Blazer Athletic Equipment
- BSN Sports LLC
- Dimasport SA
- ESSX
- Gill Athletics
- Nordic Sport AB
- United Canvas & Sling Incorporated
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLE VAULT EQUIPMENT MARKET, BY PRODUCT TYPE
CHAPTER 5: POLE VAULT EQUIPMENT MARKET, BY BUYER TYPE
CHAPTER 6: POLE VAULT EQUIPMENT MARKET, BY SALES CHANNEL
CHAPTER 7: POLE VAULT EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Pole Vault Equipment Market,' The pole vault equipment market was valued at $112 million in 2021, and is estimated to reach $150.8 million by 2031, growing at a CAGR of 3.2% from 2022 to 2031.Pole vault equipment refers to the specialized gear and equipment used in the sport of pole vaulting, which involves athletes using a flexible pole to vault themselves over a high bar. Pole vault equipment includes poles made from materials such as fiberglass or carbon fiber, landing mats designed to provide cushioning and safety during landings, and various accessories such as grip tape and pole tips. The market for pole vault equipment includes both institutional sales to schools, universities, and sports clubs, as well as direct-to-consumer sales to individual athletes and coaches.
Pole vault equipment include carbon fiber poles that offer numerous benefits to pole vaulters, including greater control and improved energy transfer during jumps. Carbon fiber mats also provide superior shock absorption, reducing the risk of injury during landings. In addition, carbon fiber accessories such as grip tape and pole tips provide enhanced performance and durability. The production of pole vault equipment, including mats, poles, and other accessories, has become popular. For usage in sporting equipment, carbon fiber is a strong, lightweight material that offers outstanding rigidity and durability. Manufacturers are spending money on research and development to produce increasingly lighter and stronger materials as the market for pole vault equipment continues to see an increase in the usage of carbon fiber. As a result, novel technologies have emerged that assist sportsmen even more, such as braided carbon fiber.
There is an increasing demand for pole vault equipment from schools, colleges, and universities that offer pole vaulting programs. This has led to a growth in institutional sales for manufacturers and suppliers. The institutional segment of the pole vault equipment market has also seen growth in sales due to the durability and longevity of the equipment. Since institutional equipment is designed for heavy use, it often features stronger and more durable materials that can withstand repeated use over time. This is especially important for schools and sports clubs that may have limited budgets for equipment replacement. Poles, mats, and accessories for pole vaulting have witnessed substantial rise in institutional sales in recent years. This is partly because pole vaulting is becoming a more well-liked activity and because the advantages of athletics in general are becoming more widely acknowledged. Many colleges and institutions are spending money on pole vault gear to provide their athletes with the tools they need to practice and compete. In order to fulfil the demand for teaching and training services, sports clubs and training facilities are also expanding their purchases of pole vault equipment growth opportunities for the key players operating in the pole vault equipment market during the forecast period.
The pole vault equipment market is segmented into product type, buyer type, sales channel, and region. On the basis of product type, the market is classified into pole vault mat, vault box, cross bars, height gauge, pole vault uprights, accessories and others on the basis of buyer type, it is divided into individual, promotional, and institutional. On the basis of sales channel, it is classified into sports variety stores, direct to customer channel, third party online channel, and other channels. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
The key players profiled in the study include Gill Athletics BSN Sports LLC, aluminum athletic equipment co., Nordic Sport AB, United Canvas & Sling Incorporated, Altius Poles, Dimas port SA, Blazer Athletic Equipment, A.R.H Sports Equipment Ltd, and ESSX. The major players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in June 2022, BSN SPORTS, a division of Varsity Brands and one of the largest direct marketers and distributors of sporting goods, footwear, apparel, and branding to the school and league markets, announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business from Foot Locker Retail, Inc.
Key Market Insights
- By product type, the pole vault mat segment dominated the global market in 2021 and is estimated to be the fastest growing during the forecast years.
- By buyer type, the institutional segment dominated the global market in 2021 and is estimated to be the fastest growing during the forecast years.
- By sales channel, the D2C segment dominated the global market in 2021 and is estimated to be the fastest growing during the forecast years.
- Based on region, North America was the highest revenue contributor to the market in 2021, accounting for a market size of $59854.1 thousand.
Companies Mentioned
- Altius Poles
- aluminum athletic equipment co.
- A.R.H Sports Equipment Ltd
- Blazer Athletic Equipment
- BSN Sports LLC
- Dimasport SA
- ESSX
- Gill Athletics
- Nordic Sport AB
- United Canvas & Sling Incorporated
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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