Pole Vault Equipment Market Research, 2031
The global pole vault equipment market was valued at $112 million in 2021, and is projected to reach $150.8 million by 2031, growing at a CAGR of 3.2% from 2022 to 2031. The popularity of pole vaulting as a sport is rising. Equipment for pole vaults that is more technologically advanced and secure is increasing in demand. A growing number of companies are also interested in offering pole vaulting gear and accessories.
Private clubs, organizations, and educational organizations frequently use pole vault equipment, including pole vault pits. Pole vault equipment producers are working hard to match the rising expectations of these end consumers by expanding production and creating better pole vault equipment. In addition to improvements in pole vault equipment materials, manufacturers have developed inflatable pole vault pits to encourage innovation in the landing gear. Regular foam no longer needs to be used due to the inflatable pole vault pits. Furthermore, they provide vaulters with a varied landing mechanism and boost their results. Additionally, inflatable pole vault pits may be stored in any metal container, independent of the weather. This feature of performance enhancement mixed with safety is expected to drive demand for inflatable pole vault pits, driving the pole vault equipment market growth in the coming years.
Pole vault equipment, particularly the pole material, has not gone through much advancement. Bamboo was replaced by aluminum and then fiberglass as the pole material. Despite the introduction of cutting-edge innovations like inflatable pits, manufacturers of pole vault equipment have not yet explored further advancements in material design, which limits the development potential. Nevertheless, during the course of the evaluation year, the pole vault equipment market demand is anticipated to grow slowly.
Pole vaulting equipment has the potential to grow in popularity as the sport grows in popularity. This is due to the fact that more individuals participating in the sport would require varied equipment to improve their performance and ensure their safety during practice and competition. Pole vaulting equipment comprises poles, landing pads, spikes, and protective apparel. The demand for this type of equipment will increase in tandem with the number of persons participating in the activity. Furthermore, new market opportunities may emerge as a consequence of technical and material advances in the development of pole-vaulting equipment. Due to the sport's continuous worldwide popularity, there may be opportunities for market expansion. This would enable retailers and manufacturers of pole vaulting equipment to enter new markets while connecting with more people. .
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 global pole vault equipment market is segmented on the basis of product type, buyer type, sales channel, and region. By product type, the market is sub-segmented into pole vault mat, vault box, cross bars, height gauge, pole vault uprights, accessories, and others. By buyer type, the market is classified into individual, promotional, and institutional. By sales channel, the market is classified into sports variety stores, direct to customer channel, third party online channel, and other channels. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The pole vault equipment market is segmented into Buyer Type, Sales Channel and Product Type.
By buyer type, the institutional sub-segment dominated the global pole vault equipment market share in 2021. Institutions such as schools, colleges, and athletic clubs play a crucial role in promoting sports and physical fitness among their students and members. For institutions that offer pole vaulting as a sport, having the right pole vault equipment is essential for ensuring the safety and success of their athletes. Additionally, investing in excellent pole vault gear can assist organizations in motivating athletes as well as fostering competitive and fruitful sports programs. Institutions can aid athletes in realizing their full potential, achieving their objectives, and honing their abilities in a secure and encouraging environment by giving them the proper equipment.
By sales channel, the direct to customer channel sub-segment dominated the global pole vault equipment market share in 2021. A convenient and efficient buying experience may be provided through the direct-to-consumer channel. Customers may acquire pole vault poles, landing mats, and other essential equipment directly from manufacturers or distributors through this channel, bypassing intermediaries such as merchants or sports equipment stores. Customers can save money since they can typically acquire equipment at lower costs than through regular retail channels.
By product type, the pole vault mat sub-segment dominated the market in 2021. Pole vaulting requires the use of a pole vault mat, which is a necessary piece of equipment. For competitors who clear the bar and fall back to the ground, the mat at the end of the runway offers a secure landing area. High-density foam, which is commonly used to make pole vault mats and provides good shock absorption, helps to reduce accidents. The mats can be customized with team logos and colors and are available in various sizes and thicknesses to accommodate players with various levels of expertise. To guarantee the security of athletes during practices and competitions, proper use and maintenance of pole vault mats are essential. These are predicted to be the major factors affecting the pole vault equipment market size during the forecast period too.
By region, North America dominated the global market in 2021. The popularity of pole-vaulting equipment has expanded as more people watch major athletic events such the Olympics. Pole vaulting has been more popular among consumers as a consequence of broadcast companies' focus on expanding their repertoire through the integration of pole vaulting in the gyms. Additionally, based on rising client demands and preferences, top manufacturers are concentrating their efforts on creating a diverse range of pole vault equipment that meets their expectations. In addition, participation in pole vaulting is anticipated to continue to grow in the North America region.
Impact of COVID-19 on the Global Pole Vault Equipment Industry
- The COVID-19 pandemic has had a significant impact on the global pole vault equipment industry. Many sporting events and contests were cancelled or postponed as a result of lockdowns and social isolation policies, which declined the revenues in the market for pole vault equipment.
- China is the leading producer and exporter of raw materials such as carbon fiber, fiberglass, or aluminum required for pole vault equipment production. However, China being the epicentre of the coronavirus pandemic, its export was affected, leading to a decline in pole vault equipment production.
- Economic slowdown has affected the setup of new pole vault equipment projects across the world as majority of government fundings were diverted towards healthcare sector owing to rapid spread of the COVID-19 virus, impacting the market to the great extent.
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 pole vault equipment market forecast period 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.
Pole Vault Equipment Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 150.8 million |
 Growth Rate | CAGR of 3.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 280 |
 By Buyer Type |
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 By Sales Channel |
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 By Product Type |
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 By Region |
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 Key Market Players | ESSX, Nordic Sport AB, Altius Poles, United Canvas & Sling Incorporated, Dimasport SA, Blazer Athletic Equipment, Gill Athletics, BSN Sports LLC, aluminum athletic equipment co., A.R.H Sports Equipment Ltd |
Analyst Review
The popularity of the sport of pole vaulting itself is one of the main factors driving the pole vault equipment sector. The need for pole vault equipment has grown as the sport has grown in popularity and attracted more people and organizations. Pole vault equipment covers not just the poles themselves but also any associated landing mats, standards, crossbars, etc. However, the cost of pole vault equipment is the main factor to hamper the market growth. Equipment for pole vaulting can be very costly, especially if it's high-end and created with cutting-edge materials and technology. On the contrary, rapid growth of advancements in the physical potential of athletes and in training techniques are boosting the sales of high-end equipment. The most important factor towards advancing the sport has been the development of better pole materials. For example, bamboo poles are much lighter than the solid ash or hickory poles due to the fact that bamboo is naturally hollow, which allow for a faster approach. All these factors are predicted to create an excellent opportunity for the market.
Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2031, followed by Europe, North America, and LAMEA. The increasing trend of sports tourism, where people travel to attend sports events and competitions, has led to an increase in the demand for pole vault equipment, which are the key factors responsible for leading position of North America and Asia-Pacific in the global pole vault equipment market.
Pole vaulting is gaining popularity and acceptance as a mainstream sport; thus, the demand for equipment is likely to increase. Pole vaulting is a key event in many athletic competitions such as the Olympics, World Championships, and other major events. As these events continue to grow in popularity, the demand for equipment will also increase.
The major growth strategies adopted by pole vault equipment market players are investment and agreement.
Institutional sub-segment of the buyer type acquired the maximum share of the global pole vault equipment market in 2021.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global pole vault equipment market from 2021 to 2031 to determine the prevailing opportunities.
Sports Variety Stores leaders and online channels are the major customers in the global pole vault equipment market.
Carbon fiber is becoming a popular material for pole vault poles due to its strength and lightweight properties. It allows athletes to jump higher and with more control, leading to better performance this estimated to drive the adoption of pole vault equipment.
There is a growing trend towards environmentally sustainable pole vault equipment, with manufacturers using recycled materials or developing poles that can be easily recycled at the end of their lifecycle.
Asia-Pacific will provide more business opportunities for the global pole vault equipment market in future.
Gill Athletics, BSN Sports LLC, Nordic Sport AB, United Canvas & Sling Incorporated, Altius Poles, Blazer Athletic Equipment, A.R.H Sports Equipment Ltd, and ESSX are the major players in the pole vault equipment market.
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