Pole Vault Equipment Market by Product Type (Pole Vault Mat, Vault Box, Cross Bars, Height Gauge, Pole Vault Uprights, Accessories, and Others), Buyer Type (Individual, Promotional, and Institutional), Sales Channel (Sports Variety Stores, Direct to Customer Channel, Third Party, Online Channel, and Other Channels), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Global Pole Vault Equipment Market Analysis

The Global Pole Vault Equipment Market Size was $1,11,961.0 thousand in 2021 and is predicted to grow with a CAGR of 3.2%, by generating a revenue of $1,50,766.1 thousand by 2031.

Global Pole Vault Equipment Market Synopsis

The popularity of pole vaulting has significantly increased in recent years. Pole vaulting is a difficult and thrilling sport that calls for a high level of skill, strength, and coordination, which is one of the reasons for the growth of the pole vault equipment market. Pole vaulting is a sport that is growing in popularity and interest. The demand for high-quality, safe, dependable, and effective pole-vaulting equipment has therefore increased. As more people take up the sport, the demand for pole vault equipment will increase.                  

However, pole vault equipment, particularly the poles themselves, can be quite fragile and prone to damage. This can be a problem for athletes who need to travel with their equipment or who use it frequently in practice and competition. Durability is an important consideration when it comes to pole vault equipment. The equipment needs to be able to withstand the strains of regular use, as well as exposure to natural elements, such as sun, wind, rain, and temperature changes.

The market for pole vaulting equipment has the potential to develop as pole vaulting's popularity improves. This is because more people who participate in the activity will need various equipment to enhance their performance and assure their safety during practice and competition. Equipment needed for pole vaulting includes poles, landing pads, spikes, and protective clothing. The demand for these kinds of equipment will rise along with the number of people engaging in the activity. Additionally, new prospects for market expansion may arise as a result of technological and material breakthroughs in the production of pole-vaulting equipment. Due to the sport's continued global development in popularity, there may potentially be prospects for market expansion through international expansion. This would make it possible for sellers and makers of pole-vaulting equipment to tap into new markets and connect with more people.

According to regional analysis, the pole vault equipment market share in the Asia-Pacific region is expanding rapidly in nations like China, India, Japan, South Korea, and Australia, among others. The rising interest in pole vaulting as a sport, the rising investment in athletic infrastructure, and the expansion of e-commerce channels are some of the factors driving the market.

Pole Vault Equipment Overview

The pole vault equipment market is a global market that encompasses the production, distribution, and sale of various pole-vaulting tools and accessories. This includes landing mats, plant boxes, standards, crossbars, and other related accessories. Poles made of materials like carbon fiber or fiberglass are also included. The pole vault equipment market serves both professional and amateur athletes, coaches, schools, and sports organizations. The market for pole vault equipment has grown recently due to factors including the rising popularity of pole vaulting as a sport and the rising popularity of athletic training and fitness.

COVID-19 Impact on Global Pole Vault Equipment Market

The COVID-19 impact on pole vault equipment market had a negative impact on the global pole vault equipment market. The lockdowns and restrictions on public gatherings and sports events led to the cancellation or postponement of many sporting events, including pole vaulting competitions. This has significantly reduced the demand for pole vault equipment, as athletes and sports clubs have been unable to participate in the sport. Additionally, the pandemic has hampered international supply chains, which has caused shortages and hold-ups in the manufacturing and delivery of pole vault equipment. Higher prices and lengthier client wait times have lowered the demand for equipment even more. Because of the economic impact of the pandemic, sports groups and schools now have lesser resources, making it more difficult for them to obtain high-quality pole vault equipment. The need for pole vault equipment is anticipated to gradually rise as the world starts to recover from the pandemic and restrictions are lifted. The return of sporting events and the rising recognition of pole vaulting as a sport will probably increase demand for gear. Furthermore, the market is anticipated to grow as a result of technological developments and the creation of new materials making pole vault equipment more accessible and affordable.

Growing Demand of Pole Vault Equipment in Sports Sector to Drive the Market Growth

The growing demand for pole vault equipment in the sports sector is a significant driver of market growth. As the sport of pole vaulting continues to gain popularity among athletes and enthusiasts around the world, there is a corresponding increase in the demand for high-quality pole vault equipment. This includes not only pole vault poles and landing mats, but also other equipment such as vault boxes, crossbars, and standards. Manufacturers of pole vault equipment are responding to this demand by developing new and innovative products that offer improved performance and safety. Younger generations are more prone to this trend since they are more likely to participate in physical activity and sports. Pole vaulting is a sport that requires a high level of strength, agility, and coordination, making it an excellent choice for athletes looking to improve their overall fitness and athleticism. As a result, there has been growing interest in pole vaulting as a training tool for athletes in other sports, such as track and field, gymnastics, and basketball.

To know more about global pole vault equipment market drivers, get in touch with our analysts here.

High Cost of Pole Vault Equipment to Restrain the Market Growth

Pole vault equipment has been expensive, especially for high-end equipment made from advanced materials such as carbon fiber. This can make it difficult for athletes, schools, and sports clubs with limited budgets to invest in high-quality equipment. Poles, landing mats, and other pole-vaulting equipment may be quite pricey, particularly if they are of high caliber and durability. This price may act as a barrier for some athletes, schools, and sports organizations who may lack the resources to buy the necessary equipment.

Sponsorship and Endorsements have to Drive Excellent Opportunities in the Market

The involvement of major sports brands in pole vaulting has led to increased exposure for the sport and has helped to create a market for specialized pole vault equipment. Sponsorship and endorsements have also helped to increase the popularity of the sport among younger generations. Sponsorship and endorsements can also help to create a sense of prestige and quality around certain brands of pole vault equipment. Athletes and sports teams that are sponsored by a particular brand of equipment can help to promote that brand and create a loyal customer base that seeks out that brand for their equipment needs. The pole vault equipment industry is expanding in part due to sponsorship and endorsements. In order to promote the sport and the gear used in it, many sports brands and corporations fund athletes, sports teams, and tournaments. For pole vaulting, sponsorship and endorsements from well-known sports companies have contributed to the sport's increased visibility and the emergence of a market for specialized pole vault gear. Leading sports companies like Nike, Adidas, Puma, and Asics have sponsored elite pole vaulters and given them specialized gear including poles, landing mats, and clothing.

To know more about global pole vault equipment market opportunities, get in touch with our analysts here.

Global Pole Vault Equipment Market, by Product Type

By product type, the market has been divided into pole vault mat, vault box, cross bars, height gauge, pole vault uprights, accessories, and others. Among these, the pole vault mat sub-segment accounted for the highest market share in 2021 and it is estimated to show the fastest growth during the forecast period.

Global Pole Vault Equipment Market Share, by Product Type, 2021

Source: Research Dive Analysis

The pole vault mat sub-type is had a dominant market share in 2021 and it is estimated to show the fastest growth during the forecast period. The pole vault landing mat is an important piece of equipment that helps absorb the shock of the athlete's landing and reduces the risk of injury. One driver of the pole vault landing mat market is the ongoing demand for increased safety in the sport of pole vaulting. The sale of pole vault landing mats is driven by the need for increased safety and performance in the sport of pole vaulting, as well as the growing popularity of the sport among athletes and enthusiasts.

Global Pole Vault Equipment Market, by Buyer Type

Based on buyer type, the market has been divided into individual, promotional, and institutional. Among these, the institutional sub-segment accounted for highest revenue share in 2021.

Global Pole Vault Equipment Market Size, by Buyer Type, 2021

Source: Research Dive Analysis

The institutional sub-segment had a dominant market share in 2021. The institutional segment of the pole vault equipment market growth refers to the use of pole vault equipment in educational institutions such as schools, colleges, and universities. This segment is a significant driver of growth in the overall market, as institutions invest in high-quality pole vault equipment to support their athletic programs and provide safe and effective training environments for their athletes. Many educational institutions are placing a greater emphasis on athletics and sports programs, as they recognize the importance of physical activity and fitness for overall student health and well-being. As a result, there is growing demand for high-quality pole vault equipment that can support these programs and help athletes achieve their full potential.

Global Pole Vault Equipment Market, by Sales Channel

Based on sales channel, the market has been divided into sports variety stores, direct to customer channel, third party online channel, and other channels. Among these, the direct to customer channel sub-segment accounted for highest revenue share in 2021.

Global Pole Vault Equipment Market Analysis, by Sales Channel, 2021

Source: Research Dive Analysis

The direct to customer channel sub-segment had a dominant market share in 2021. The direct to customer channel sub-segment of the pole vault equipment market refers to the sales and distribution of pole vault equipment directly to individual customers through online channels, without the involvement of intermediaries such as retailers or wholesalers. Customers conveniently purchase pole vault equipment through D2C channels without having to leave their houses and without having to go to a real store. Customers who reside in regions with restricted access to specialized sports equipment may find this to be especially advantageous.

Global Pole Vault Equipment Market, Regional Insights

The pole vault equipment market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Pole Vault Equipment Market Size & Forecast, by Region, 2021-2031 (USD Thousand)

Source: Research Dive Analysis

The Market for Pole Vault Equipment in North American was the Most Dominant

The North America pole vault equipment market accounted a dominating market share in 2021. The North American pole vault equipment market growth is a significant and mature market that includes the United States, Canada, and Mexico. The market is driven by several factors, including the popularity of pole vaulting as a sport, the high level of investment in athletic facilities, and the presence of established manufacturers and suppliers. A significant portion of the marketplace demand for pole vault equipment in the North American region is accounted for by the US. This could be ascribed to both the growing prevalence of pole vaulting at the secondary school level and the vast number of colleges and institutions with well-established athletic programmers. Furthermore, there is a significant manufacturing base for pole vault equipment market demand in the United States, where a number of well-known businesses provide excellent machinery for both home and foreign markets. Considering the rising popularity of the sport and the rising investment in sports facilities, Canada is another important market for pole vault equipment. Pole vaulting and other sports are supported by several new or updated athletic facilities that have been developed in Canada, a nation with a strong history of athletics.

Competitive Scenario in the Global Pole Vault Equipment Market

Investment and agreement are common strategies followed by major market players. For instance, in March 2020, [ESSX], a leading manufacturer of pole vault equipment, announced the launch of its newest product: the [bamboo to glass fiber reinforced polymer (GFRP)] pole vault pole.

Source: Research Dive Analysis

Some of the leading pole vault equipment market analysis players are 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.