According to a new report, published by KBV research, The Global Pole Vault Equipment Market size is expected to reach $138.4 million by 2029, rising at a market growth of 3.3% CAGR during the forecast period.
The Individual segment is showcasing a CAGR of 4% during (2023 - 2029). Depending on their degree of participation in the sport and their unique objectives, individual requirements for pole vault equipment can vary. For athletes that compete in pole vaulting events or events, pole vault equipment is crucial. For these people to practice the sport securely and efficiently, landing mats and standards, as well as poles of various lengths and stiffnesses, are necessary.
The Pole Vault Mat segment acquired the maximum revenue share in the Global Pole Vault Equipment Market by Product in 2022 thereby, achieving a market value of $48.8 million by 2029. A pole vault mat, a vital item of equipment, must be used when pole vaulting. The mat at the runway's end provides a stable landing location for athletes who clear the bar and drop back to the ground. High-density foam is frequently used to construct pole vault mats, offers effective shock absorption, and aids in lowering accidents.
The Third Party Online Channel market has shown the high growth rate of 4.3% during (2023 - 2029). To save time and fulfill their demands, people decide to make purchases online. With the increased use of smart devices like smartphones, third-party online channel portals are concentrating on identifying customers' expanding demands and providing a range of goods at reasonably low rates. Leading companies are focusing on offering a range of products on third-party web channel platforms since doing so enables them to gather feedback and reviews that they can then use to preserve their competitive market advantage.
The North America market dominated the Global Pole Vault Equipment Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $48.9 Million by 2029. The Europe market is showcasing a CAGR of 2.9% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 3.7% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/pole-vault-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Altius Poles, Aluminum Athletic Equipment Co., ARH SPORTS EQUIPMENT Limited, Blazer Athletic Equipment, Dimasport SA, UST-ESSX (Mamiya-OP Co., Ltd.), Gill Athletics (Litania Sports Group), Nordic Sport AB, and UCS, Inc.
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