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2021
Spinnaker Pole Market

Spinnaker Pole Market

by Material (Aluminum, and Carbon), Boat Length (Small boat, Midrange boat, and Big boat), Distribution Channel (Online, and Offline) and Application (Professional Sports, and Cruising): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A08258
Pages: 280
Aug 2021 | 3256 Views
Author(s) : Amar C , Onkar S
Tables: 149
Charts: 40
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The global spinnaker pole market size was valued at $450.1 million in 2020, and is projected to reach $1,254.6 million by 2030, registering a CAGR of 10.6% from 2021 to 2030. The spinnaker pole is used for attachment of spinnaker for sailing with the direction of the wind. In sailboats, a spinnaker pole is a spar. A spinnaker pole aids in the control of various headsails. 

The COVID 19 outbreak has affected the growth of the spinnaker pole industry owing to the lockdown measure in the countries and delay in manufacturing and production of spinnaker pole which are utilized in yacht and sailboats.

Sailboat makers are investing in high-quality spinnaker poles as the cost of fossil fuels rises. It's made for sailing against the wind, from reaching to a downwind course. Consumers in emerging nations such as China, India, Mexico, Brazil, and South Africa are spending more on luxury tourism as their disposable income rises. Sailboat tourism is being promoted by travel firms. These firms can save money on fuel by using a sail with a spinnaker pole. In the next years, these factors are expected to enhance the sale of various varieties of spinnaker pole products.

Spinnaker-Pole--Market-2021-2030

Major players in this market focus on designing new concept spinnaker pole to reduce load on the boat. For instance, in July 2021, Allen Brother has launched advanced concept for double and triple blocks for many spinnaker systems, especially for reducing the load of line. The articulating range has the standard double or triple block structure, but the spacer molding between each cheek and the central rivet that binds the blocks together have been eliminated. Hence, these innovations in manufacturing of spinnaker pole will create growth opportunity in the market during the forecast period. 

The rising number of boating events and trade exhibitions taking place across the world has increased the appeal of recreational boating activities among visitors of all ages. Retail unit sales of new powerboats increased by an anticipated 4% in 2019, according to the National Marine Manufacturers Association (NMMA).

Spinnaker Pole Market
By Application

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Professional sports segment holds dominant position in 2020

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Furthermore, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to growth in luxury tourism and increase in trend of owning a personalized boat. U.S. led the North America spinnaker pole market in 2020. This growth is attributed to rise in number of sailboats, including dinghies and yachts, is expected to generate new growth possibilities for the spinnaker pole market.

The market is classified on the basis of material, boat length, distribution channel, application and region. By material, the market is divided into aluminum and carbon. By boat length, the market is classified into small boat, midrange boat and big boat. By distribution channel, the market is bifurcated into online and offline. By application, the market is divided into professional sports and cruising. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, Australia, New Zealand and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Europe leads in terms of spinnaker pole manufacturing with the Netherlands bagging maximum orders for spinnaker poles and other accessories in the region. Strong government support and presence of large number of yacht and sailboat manufacturers in the region have resulted in Europe to remain the top manufacturer of spinnaker pole in the past few years. However, engaged stakeholders in the region are now exploring their consumer base locally and internationally to attain the market share.

Spinnaker Pole Market
By Material

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Carbon segment is projected to grow at a significant CAGR

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Manufacturers in the European region are now venturing into sustainable development and have increased their efforts to produce environment friendly yachts, which in turn fuels the demand for spinnaker pole. For instance, Catamaran has made luxury boats and yacht out of 75% recycled material. In addition, the Vaan R4 is made of circular materials that can be recycled at the end of the boat’s useful life. The boat also includes natural materials, including the cork, linen, silk alternative lyocell, a plant-based leather substitute, and certified wood. Such efforts not only provide premium luxury but also impart no negative impact on the environment.

Spinnaker Pole Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe holds a dominant position in 2020 and is expected to grow at a significant rate during the forecast period.

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Competition Analysis

The key market players profiled in the spinnaker pole market report include AG+Spars, Allen Brother LTD, Axxon Composites, Competition Composites, Inc., CST composites, Hoel Composites, Offshore Spars Co., Selden Mast AB, Sparcraft, and Z Spars UK.

The major players operating in the global spinnaker pole market have adopted key strategies such as product launch and business expansion to strengthen their market outreach and sustain the stiff competition in the market. 

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging spinnaker pole market trends and dynamics.  
  • In-depth market analysis is conducted by constructing estimations for the key segments between 2020 and 2030. 
  • Extensive analysis of the spinnaker pole market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global spinnaker pole market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the spinnaker pole industry.

Spinnaker Pole Market Report Highlights

Aspects Details
BY MATERIAL
  • Aluminium
  • Carbon
BY BOAT LENGTH
  • Small Boat
  • Midrange Boat
  • Big Boat
BY DISTRIBUTION CHANNEL
  • Online
  • Offline
BY APPLICATION
  • Professional Sports
  • Cruising
BY REGION
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Netherlands, rest of Europe)
  • Asia-Pacific  (China, Japan, Australia, New Zealand, rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players AG + SPARS, ALLEN BROTHERS LTD., AXXON COMPOSITES, COMPETITION COMPOSITES, INC., CST COMPOSITES, HOEL COMPOSITES, OFFSHORE SPARS CO., SELDEN MAST AB, SPARCRAFT, SPARS UK
 

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The spinnaker pole is a crucial component for controlling different types of sailboats. They push the spinnaker out to windward, increasing its exposure to the wind and avoiding the disturbed wind behind the main sail, thus, controlling the spinnaker trim, as well as adjusting the clew height using the lift (uphaul) and kicker (downhaul).

Furthermore, key players are implementing various strategies such as business expansion, product development, collaboration and partnerships, to strengthen their market position and to improve the product portfolio. For instance, in June 2021, Allen Brothers announced that it has been working on some major projects for marine industry, which include manufacturing of new tapered mast and pole for the Dragon Fleet.  

The market for spinnaker poles was dominated by Europe. Europe produces the most spinnaker poles and exports them to other countries. On a worldwide scale, Germany, France, and the Netherlands are the top exporters of sailboats. The Asia-Pacific market is expected to grow at a fast rate. Companies are investing in boats in response to rising consumer expenditure on luxury tourism and exclusive vacation. This factor is expected to increase spinnaker pole sales in this region. Europe is expected to grow at a highest CAGR during the forecast period followed by Asia-Pacific. Key players operating in the market are AG+Spars, Allen Brother LTD, Axxon Composites, Competition Composites, Inc., CST composites, Hoel Composites, Offshore Spars Co., Selden Mast AB, Sparcraft, and Z Spars UK.

 

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FREQUENTLY ASKED QUESTIONS?

A. The spinnaker pole market size was valued at $450.1 million in 2020.

A. Based on material, the aluminum holds the maximum market share of the spinnaker pole market in 2020.

A. The spinnaker pole market is projected to reach $1,254.5 million by 2030.

A. Traveling companies are promoting sailboat tourism activities and people buying personalized sailboats for enjoyment purpose are the key trends in the spinnaker pole market.

A. The product launch is key growth strategy of spinnaker pole industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. High cost of customization of spinnaker pole is the effecting factor for spinnaker pole market.

A. The application of spinnaker pole include in professional sports and cruising.

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