The pole vault equipment market was valued at US$113 million in fiscal year 2023. Furthermore, growth is predicted to increase at a staggering 4.2% CAGR from 2023 to 2033, reaching US$ 170 million.
Pole vaulting is gaining popularity as a sport. Professional pole vault athletes and competitions are on the rise. The desire for technologically advanced, safer pole vault equipment is growing. Furthermore, there is a growing interest in marketing pole vaulting equipment and accessories. Furthermore, the increased awareness of the health benefits of pole vaulting is expected to push the market.
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According to Fact.MR, a supplier of market research and competitive information, the global market for pole vault equipment grew at a 3.7% CAGR between 2018 and 2022. Pole vaulting’s growing popularity as a sport, as well as increasing awareness of its health benefits, are driving market growth.
Furthermore, the growing popularity of pole vaulting among young people is propelling the sector forward. Based on the trends discussed above, the global market for functional fitness equipment is expected to grow at a 4.2% CAGR, reaching US$ 170 million by 2032.
Competitive Landscape:
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 Players:
- Gill Athletics
- BSN Sports LLC
- Aluminum Athletic Equipment
- Nordic Sport AB
- United Canvas & Sling Incorporated
- Altius Poles
- Dimasport SA
- Blazer Athletic Equipment
- R.H Sports Equipment Ltd
- ESSX
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Regional Analysis:
North America will lead the global market in 2021. During the projected period, the region is expected to develop at a significant CAGR as the popularity of pole vaulting events and tournaments rises, as does the number of fitness centers and health clubs.
Furthermore, the existence of prominent firms like as Nike Inc., Adidas AG, Reebok International Ltd., and Asics Tiger is driving growth in this sector. According to Fact.MR, the United States will grow at a CAGR of 4% until 2033.
Key Segments of Industry:
- by Product Type
- Vaulting Pole
- Vault Box
- Landing Equipment
- Cross Bars
- Height Gauge
- Pole Vault Uprights
- Accessories
- by Buyer Type
- Individual
- Promotional
- Institutional
- by Sales Channel
- Sports Variety Stores
- Direct to Customer Channel
- Third Party Online Channel
- Other Channels
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