The global pole vaulting equipment market size is expected to grow from USD 100 million to USD 162.88 million over 10 years. The market is expected to grow rapidly due to technological advancements in pole vault equipment during the forecast period.
NEWARK, April 18, 2024 (Globe Newswire) — Brainy Insights projects the global pole vaulting equipment market to reach $162.88 million in 2033, up from $100 million in 2023. Masu. All the components needed to perform pole vaulting are called pole vaulting equipment. In pole vaulting, a track and field event, competitors use a long, flexible pole to reach great heights and jump over a horizontal bar. One of the main parts of pole vaulting equipment is the pole, which is usually made of carbon fiber or fiberglass. When choosing a pole, the athlete’s weight, ability, and preferences are taken into account. A key safety measure is a foam landing pit that cushions the contestant’s landing after going over the bar. Equipment for pole vaulting is used for both training and competition.
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Pole vaulting equipment helps athletes improve their performance by creating a safe atmosphere for training and competition. With the right equipment, athletes can train efficiently, experiment with different methods, and hone their talents. Standardized equipment ensures competitive fairness between venues and competitions, putting all participants on a level playing field. Advances in technology and materials have created robust, adaptable equipment that can withstand the harsh conditions of elite sport. Modern pole vaulting equipment improves the overall experience for athletes, making it safer and more effective.
Key Insights on the Global Pole Vault Equipment Market
Asia Pacific region will dominate the market during the forecast period.
Demand for specialized equipment such as pole vault equipment for training and participation is increasing due to the growing interest in athletics and track and field across the region. With the increasing number of international sporting events being held in the Asia-Pacific region, the need for pole vaulting equipment is also increasing, necessitating the refurbishment of sports facilities and equipment to meet international standards. Many countries in the Asia-Pacific region are experiencing significant economic expansion, increasing disposable income and increasing spending on sports and leisure activities. The growth in sports and education initiatives has led to a growing need for pole vaulting equipment in the region.
In 2023, the pole vault mat segment dominated the market, achieving the largest market share of 37% and revenue of 37 million.
The product type segment is divided into vaulting boxes, pole vaulting mats, vaulting boxes, landing equipment, height gauges, crossbars, pole vaulting props and accessories, etc. In 2023, the pole vault mat segment dominated the market, achieving the largest market share of 37% and revenue of 37 million.
In 2023, the individual segment dominated the market with the largest market share of 64% and revenue of 64 million.
The buyer type segment is divided into individuals and institutions. In 2023, the individual segment dominated the market with the largest market share of 64% and revenue amounted to his 64 million.
In 2023, the customer direct segment dominated the market with the largest market share of 40% and revenue of 40 million.
The distribution channel segment is divided into sports stores, direct customer sales, online channels, etc. In 2023, the customer direct segment dominated the market with the largest market share of 40% and revenue of 40 million.
Complete Table of Contents of Global Pole Vault Equipment Market Report 2024-2033 is available at https://www.thebrainyinsights.com/report/pole-vault-equipment-market-14161.
market progress
To distribute the much-needed equipment supplied by the Ukraine Fund, World Athletics President Sebastian Coe met in Budapest with members of the Ukrainian delegation and recently elected World Athletics Council member Natalja Dobrynska. This fund was established to support elite athletes affected by the crisis in their home countries. It was established last year by members of World Athletics, the International Association of Athletics Foundation (IAF) and the Diamond League Association, and was relaunched in May. Its main purpose is to ensure that Ukrainian athletes can continue training, qualify and compete in world championships following Russia’s invasion of Ukraine last year.
Market trend
Driver: Pole vaulting is becoming increasingly popular.
The demand for pole vaulting equipment is driven by the growing popularity of pole vaulting due to increased coverage of the sport in the media and ease of access to resources. As pole vaulting becomes more popular on international stages such as the Olympics, more people are trying to take up pole vaulting, and the number of enthusiasts seeking the necessary equipment is also increasing. Demand for pole vaulting equipment will also be driven by the establishment of athletic programs in educational institutions and community organizations to support these aspirations. Furthermore, due to soft diplomacy and other related reasons, there is a growing desire by countries and organizations to host important sporting events, prompting investment in the infrastructure needed for sports such as pole vaulting venues, and demand for equipment. is increasing. Additionally, expanding sponsorship prospects for pole vaulting will drive market expansion. As a result, the growing popularity of this sport will result in an increased demand for pole vaulting equipment around the world.
Constraints: Economic aspects of pole vaulting equipment.
Premium equipment such as landing pits, standards, and poles are expensive. For athletes and organizations with fewer resources, cost barriers prevent them from participating in sports. Over time, the recurring expense of replacing, upgrading, and maintaining equipment adds to your financial burden. Pole vault equipment must be maintained to ensure performance, longevity, and safety. Landing pits must be inspected, cleaned and repaired regularly to avoid deterioration due to wind, rain and frequent impacts. Similarly, standards and pole vaulting boxes should be inspected regularly for deterioration or structural damage. Poles must be handled and stored with care to maintain their flexibility and integrity. As a result, maintenance difficulties and cost issues limit market expansion.
Opportunity: Advancements and innovations in pole vaulting equipment.
Advances in technology have improved the performance, safety, and versatility of pole vaulting equipment. For example, modern poles are made from fiberglass or carbon fiber composites, which have a superior strength-to-weight ratio and can withstand high bending pressures without breaking. Additionally, the manufacturer uses state-of-the-art manufacturing processes to increase the pole’s stiffness and flexibility. The advent of adjustable grip systems on poles allows athletes to change the grip diameter to their preferred level, improving overall comfort and control on the vault. The landing mechanism for pole vaulting has also been improved. Modern foam landing pits are more sophisticated. The good news is that the market growth and development will be supported by all these advances throughout the forecast period.
Challenge: Training, practicing, and skill development are time- and energy-consuming processes.
Technical skills are essential for pole vaulting. This sport requires a combination of physical ability, precision, and delicacy. Athletes undergo extensive training and practice to master the various techniques involved. Proper pole planting techniques require precise positioning, timing, and coordination to maximize energy transfer from the pole. Safely descending from the vault and landing in the pit requires proper technique to minimize the risk of injury. Additionally, athletes need to understand how to select, handle, and maintain pole vaulting equipment to ensure safety and performance. Mastering these technical skills requires dedication and discipline. Low popularity and awareness of the sport, coupled with the cost of training and the time-consuming learning process, discourages individuals from playing the sport, and thus, these factors pose challenges to the growth of the market. .
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The key players operating in the global Pole Vault Equipment market are:
• ARH Sporting Goods Co., Ltd.
• Altius pole
• Aluminum Athletic Equipment Co.
• Blazer exercise equipment
• BSN Sports LLC
• Dima Sports SA
• ESSX
• Gill Athletics
• Nordic Sports AB
• United Canvas & Sling Incorporated
Key segments covered in the market:
By product type
• Vaulting pole
• Pole vault mat
• Storehouse
• Landing gear
• Height gauge
• Crossbar
• Pole Vault Props and Accessories
• others
By buyer type
• Individual
• Institutional
By distribution channel
• Sports store
• Contact customers directly
• Online channel
• others
By region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and other South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)
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About the report:
The market is analyzed on the basis of value (million USD). All segments are analyzed on global, regional and country basis. The study includes analysis of more than 30 countries in each part. The report analyzes drivers, opportunities, constraints, and challenges to gain key market insights. This research includes Porter’s Five Forces Model, attractiveness analysis, product analysis, supply and demand analysis, competitive position grid analysis, distribution, and marketing channel analysis.
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