Pole Vault Equipment Market to Exhibit 3.2% CAGR and Generate $1,50,766.1 Thousand by 2031 | Research Dive

As per the report published by Research Dive, the global pole vault equipment market is expected to register a revenue of $1,50,766.1 thousand by 2031 at a CAGR of 3.2% during the forecast period 2022-2031.

Segments of the Pole Vault Equipment Market

The report has divided the pole vault equipment market into the following segments:

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Dynamics of the Global Pole Vault Equipment Market

The rising popularity of pole vaulting as a sport and exercise, especially among younger individuals, is expected to make the pole vault equipment market a highly profitable one in the forecast period. Additionally, the constant search for technological innovations in pole vault equipment material and design selection is predicted to propel the market forward. However, the high expense of pole vaulting equipment might become a restraint in the growth of the market.

Increased endorsements and sponsorships are predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, increased awareness about the health benefits of pole vaulting is expected to propel the pole vault equipment market forward in the coming period.

COVID-19 Impact on the Global Pole Vault Equipment Market

The COVID-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The pole vault equipment market, too, was negatively impacted due to the pandemic. Lockdowns and restrictions on public gatherings and sporting activities led to the cancellation or postponement of numerous sporting events, including pole vaulting competitions. In addition, sports teams and schools now have fewer resources due to the economic effects of the pandemic, making it more challenging for them to acquire high-quality pole vault equipment. These factors significantly hindered the market growth amidst the pandemic.

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Key Players of the Global Pole Vault Equipment Market

The major players of the market include

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in March 2020, ESSX, a top producer of pole vault equipment, launched its newest product, the bamboo to glass fiber reinforced polymer (GFRP) pole vault pole.

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What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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