According to the latest market research study released by Technavio, the global fencing equipment market is expected to grow at a CAGR of close to 2% during the forecast period, 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global fencing equipment market based on product type:
Global fencing equipment market share by applications 2015
|
Men |
35.24% |
|
Women |
34.68% |
|
Children |
8.17% |
|
Wheelchair |
21.91% |
Source: Technavio
The top three revenue contributing applications are discussed below:
Global fencing equipment market for women
The women segment accounts for a majority of the revenue generated in the global fencing equipment market. Growing at a CAGR of almost 2%, the fencing equipment market for women is expected to witness promising growth over the next few years. The participation of women in fencing has been on the rise since its inclusion in the Olympic Games in 1924. The increasing popularity of fencing as an exciting and empowering sport is prompting more women to participate in the sport, leading to the growth of this market segment.
“The FIE is introducing several changes in fencing keeping in mind the comfort and preferences of the athletes to enhance their performance. At the Olympic Games in London in 2012, two large screens broadcasted video-refereeing and slow motion images that repeated fencing actions continuously. Besides, for the first time, the pistes on the floor were enclosed with lighting strips that were used for repeating the registered hits and presenting athletes,” says Brijesh Kumar Choubey, a lead analyst at Technavio for research on outdoor gear.
Global fencing equipment market for men
In terms of revenue, the men’s segment is the second-largest contributor to the market. The Rio 2016 Olympics saw active participation from 122 men from all over the world. The introduction of fencing robots for practicing fencing is one of the fundamental drivers for the growth of the global fencing equipment market for men. This segment of the market is expected to showcase steady growth during the forecast period and will post a CAGR of around 2%. Even though women fencers are contributing more to the market, the market growth rate for this segment is much higher than its counterpart.
Global fencing equipment market for children
The number of children participating in fencing is on a rise owing to initiatives, such as junior camps and junior World Championships, taken up by governments from across the world. Governments in many countries are also bearing the expenses of attending fencing camps in an attempt to motivate parents to send their children to such camps. The global fencing equipment market for children is expected to grow at a CAGR of around 2% over the next few year.
The top leading vendors operating in the global fencing equipment market are:
- Absolute Fencing Gear (AFM)
- Blue Gauntlet Fencing
- Leon Paul
- PBT Fencing
Other prominent vendors in the market include AllStar Fencing (US) Limited, Alliance Fencing Equipment, LLC., American Fencers Supply, Blade Fencing Equipment, Fencing Armor, Triplette Competition Arms, and Victory Fencing Gear.
A more detailed analysis is available in the Technavio report titled, ‘Global Fencing Equipment Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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