Pole Vault Equipment Market

Pole Vault Equipment Market Snapshot (2023-2033)

In FY 2023, the pole vault equipment market reached a valuation of US$ 113 Million. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 4.2% CAGR, reaching US$ 170 Million

Pole vaulting is becoming more popular as a sport. There is an increasing number of professional pole vault athletes and contests. The demand for technologically sophisticated and safer pole vault equipment is increasing. Furthermore, increasing number of businesses interested in selling pole vaulting equipment and accessories. Also, the growing understanding of the health advantages of pole vaulting is anticipated to propel the market development in the long run.

Report Attribute	Details
Expected Market Value (2023)	US$ 113 Million
Projected Forecast Value (2033)	US$ 170 Million
Global Growth Rate (2023-2033)	4.2% CAGR
Expected Growth Rate of the UK Market (2023-2033)	4.1% CAGR
Anticipated Growth Rate of the Chinese Market (2023-2033)	3.9% CAGR
Prominent Pole Vault Equipment Service Players	Gill Athletics BSN Sports LLC Aluminum Athletic Equipment Nordic Sport AB United Canvas & Sling Incorporated Altius Poles Dimasport SA Blazer Athletic Equipment A.R.H Sports Equipment Ltd ESSX

2018-2022 Revenue Analysis of Pole Vault Equipment Market vs. Growth Outlook 2023-2033

According to Fact.MR, market research and competitive intelligence provider, the global market for pole vault equipment expanded at 3.7% CAGR from 2018 to 2022. The expanding popularity of pole vaulting as a sport, as well as increased knowledge of its health advantages, are driving market expansion.

Furthermore, the rising popularity of pole vaulting among young people is driving the expansion of this industry. Based on the aforementioned trends, the global market for functional fitness equipment is poised to surge at a 4.2% CAGR, reaching US$ 170 Million by 2032.

Key Market Drivers Influencing Pole Vault Equipment Industry Expansion

Rising Demand for Inflatable Pole Vault Pits to Foster Market Growth Prospects

Pole vault equipment, including pole vault pits, is commonly used by private clubs, institutions, and schools. Manufacturers of pole vault equipment are working hard to meet these end customers' expanding expectations by increasing manufacturing capacity and producing improved pole vault equipment.

Aside from advancements in pole vault equipment material, producers have created inflatable pole vault pits to promote originality in landing mechanism. The inflatable pole vault pits eliminate the need for regular foam.

Furthermore, they offer vaulters with a versatile landing mechanism and improve their outcomes. Furthermore, inflatable pole vault pits may be kept in any metal container, regardless of the weather. This aspect of performance enhancement combined with safety is projected to increase demand for inflatable pole vault pits, hence propelling the pole vault equipment market forward in the coming years.

Government Regulations to Propel Market Expansion

International organisations such as the International Association of Athletes Federations (IAAF), USATF (USA Track and Field), National Federation of State High School Associations (NFHS), and National Collegiate Athletic Association (NCAA) have established stringent regulations for field and track specifications for pole vaulting, as well as specifications for size, height, material, and stiffness quotient that manufacturers must follow.

Moreover, the IAAF (International Association of Athlete Federations) has advised that the vault box be built out of metal, wood, or any other sturdy material. Furthermore, the National Federation of State High School Associations (NFHS) suggests covering any unyielding or hard surfaces around the landing pit or between the landing system and the planting box.

These rules by national authorities, indicating safety, are also likely to improve athletes' experiences, hence encouraging the growth of pole vault equipment demand and sales, thereby propelling the pole vault equipment market throughout the projected period.

Key Challenges encountered by Pole Vault Equipment Industry

Minimal Developments in the Pole Vault Equipment to Hamper the Market Growth

There have been minimal developments in pole vault equipment, including pole material, in recent years. The pole material evolved from bamboo to aluminum and, eventually, fiberglass.

Despite the fact that makers of pole vault equipment have introduced innovative inventions such as inflatable pits, more advancement in material design have yet to be investigated, restricting the development scope. Nonetheless, the pole vault equipment market is predicted to expand at a slow pace over the assessment period.

Danger of Injury to Stifle the Market Growth

Pole vault equipment market is heavily influenced by injuries related with the activity, as well as decreased participation in pole vaulting. It is regarded as the third most difficult sport in the world, with the danger of injury rising with height.

Vaulters with a height of 20 feet or more are at an elevated risk of bodily injury, such as ligament rupture and bone fracture. Such injuries, which have primarily occurred during training sessions, have caused athletes to be hesitant to pursue the sport, negatively hurting demand for pole vault equipment.

Furthermore, in certain situations, injuries occur as a result of pole cracking, resulting in significant bodily damages. During the assessment period, the physically demanding and extremely tough nature of pole vault sport is likely to hamper the expansion of the pole vault equipment market.

Country-wise Analysis

How will the U.S Perform in the Global Pole Vault Equipment Industry Landscape?

Increase Popularity of Pole Vaulting Competitions and Tournaments to Boost the Market Growth

In 2021, North America led the worldwide market. The area is predicted to grow at a substantial CAGR during the forecast period as the popularity of pole vaulting competitions and tournaments grows, as does the number of fitness centers and health clubs.

Furthermore, the presence of major important companies such as Nike Inc., Adidas AG, Reebok International Ltd., and Asics Tiger is propelling expansion in this area. According to Fact.MR, US is expected to expand at a CAGR of 4% until 2033.

How will the Growth of Pole Vault Equipment Market Escalate across UK?

Increasing Popularity of Pole Vaulting to Enhance the Market Prospects

Pole vaulting has grown in popularity as the number of people watching major sporting events such as the Olympics has increased. Broadcast firms are also concentrating on extending their portfolio by integrating pole vaulting in the gyms, which has resulted in increasing pole vault equipment sales among customers.

Leading manufacturers are focusing their investment on producing a creative variety of pole vault equipment that responds to the needs of varied consumers, based on the expanding requirements and preferences of customers. Furthermore, pole vaulting participation in several European nations is expected to stay strong in comparison to other areas. This tendency is anticipated to continue in numerous European countries in the future years.

Country-wise Forecast CAGRs for the Pole Vault Equipment Market

U.K	4.1%
India	3.8%
South Korea	3.5%
China	3.9%
U.S	4%

Category-wise Insights

Which Segment to Remain Dominant in the End-User Category?

Third Party Online Channel Segment to Enhance Growth Prospects

Individuals choose to make online purchases to save time and meet their needs. With the increasing usage of smart devices such as smartphones, third party online channel platforms are focusing on detecting customers' expanding needs and offering a variety of items at comparably inexpensive prices.

Leading firms are concentrating on supplying a variety of items on third party online channel platforms since it allows them to receive evaluations and comments, which they can then incorporate to maintain their competitive market lead. The third party online channel segment by end-user represents higher growth rate as compared to other segments, registering a CAGR of 4.3% across the 2023-2033 forecast period.

Pole Vault Equipment Market- Competitive Landscape

Prominent players in the Pole Vault Equipment Industry are Gill Athletics, BSN Sports, LLC, Aluminum Athletic Equipment, Nordic Sport AB, United Canvas & Sling Incorporated, Altius Poles, Dimasport SA, Blazer Athletic Equipment, A.R.H Sports Equipment Ltd and ESSX. These players are taking advantage of the rapidly increasing demand for the Pole Vault Equipment in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

• 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 Segments Covered in the Pole Vault Equipment Industry Survey

• Pole Vault Equipment by Product Type

  • Vaulting Pole
  • Vault Box
  • Landing Equipment
  • Cross Bars
  • Height Gauge
  • Pole Vault Uprights
  • Accessories

• Pole Vault Equipment by Buyer Type

  • Individual
  • Promotional
  • Institutional

• Pole Vault Equipment by Sales Channel

  • Sports Variety Stores
  • Direct to Customer Channel
  • Third Party Online Channel
  • Other Channels

• Pole Vault Equipment by Region

  • North America
  • Europe
  • Rest of the World