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Fencing Equipment Market to Grow by USD 61.7 Million (2024-2028) as Combat Sports Gain Popularity, with AI Redefining the Market Landscape- Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Fencing Equipment Market  size is estimated to grow by USD 61.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.83%  during the forecast period. Growing popularity of combat sports is driving market growth, with a trend towards advancements in fencing technology. However, high cost of fencing equipment  poses a challenge – Key market players include Absolute Fencing Gear Inc., Alliance Fencing Equipment LLC, Allstar Uhlmann UK Ltd., Ally Sports Equipment Co. Ltd., American Fencers Supply Co., Blade Brand, Bopac Sports Co. Ltd., CARMIMARI Srl, Excalibur Sports Ltd., Leon Paul Equipment Co. Ltd., Negrini L. And F. Snc, PBT Hungary Ltd., Radical Fencing LLC, SAS Prieur Sports, StM Fencing, The Fencing Forge, Triplette Competition Arms, Uhlmann Fencing GmbH and Co. KG, and Zivkovic Modern Fencing Equipment Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Application (Women, Men, and Others), Product (Protective clothing, Fencing weapons, Fencing masks, and Accessories), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Absolute Fencing Gear Inc., Alliance Fencing Equipment LLC, Allstar Uhlmann UK Ltd., Ally Sports Equipment Co. Ltd., American Fencers Supply Co., Blade Brand, Bopac Sports Co. Ltd., CARMIMARI Srl, Excalibur Sports Ltd., Leon Paul Equipment Co. Ltd., Negrini L. And F. Snc, PBT Hungary Ltd., Radical Fencing LLC, SAS Prieur Sports, StM Fencing, The Fencing Forge, Triplette Competition Arms, Uhlmann Fencing GmbH and Co. KG, and Zivkovic Modern Fencing Equipment Inc.

Key Market Trends Fueling Growth

The global fencing equipment market is highly competitive, with numerous vendors vying for market share. Product innovation and research and development are key areas of competition. Advanced materials are extensively used in manufacturing fencing equipment to ensure superior performance and athlete safety. Maraging steel is a popular choice for sword production due to its long lifespan and high yield stress. Vendors are also exploring alternatives to maraging steel, such as glass carbon fiber composite and dual-phase steel, to address cost limitations. In mask manufacturing, there is a trend towards using polymeric materials like Lexan-grade polycarbonate for clearer views and better protection. Protective clothing is being upgraded with high-strength polymers like ballistic nylon to enhance durability and withstand impacts. These material advancements significantly improve athlete safety and efficiency during fencing events, fueling market growth.

The Fencing Equipment Market is thriving in the sports industry, catering to the needs of fencers at all levels. Fencing, as a fitness activity, boosts muscular stamina and aerobic fitness. New trends include fencing robots for advanced training and drones for video analysis. Weapons like Foil, Saber, and Rapier-style swords, along with protective clothing, masks, and accessories, are essential playing equipment. Safety features such as electric safety edges and LED target areas ensure secure practices. National sports federations promote quality gear for registered fencers through grassroots programs. Women’s empowerment is a significant trend with specialized equipment. Health-consciousness drives demand for advanced materials and wearable technology. Online and offline sales channels offer a wide range of fencing equipment for men, women, and children. Safety equipment and fitness activities go hand in hand, making fencing an excellent choice for an active lifestyle. The future of fencing gear includes adaptive equipment and motion technology studies.

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Market Challenges

Fencing is an expensive sport with significant equipment costs. Beginner-level kits, including swords, uniforms, and masks, range from USD100 to USD120. However, expert-level FIE-certified kits can cost up to USD1,000. Masks, uniforms, and weapons for experts may cost three times more than beginner equipment. Equipment breakdown and clothing replacements are common issues, leading to additional expenses. Athletes also pay for lessons, with costs varying from beginner to private lessons. Association membership fees add to the overall expense. These high costs may limit the adoption of fencing as a sport, potentially hindering the growth of the global fencing equipment market.The Fencing Equipment Market faces several challenges in catering to various demographics, including Men, Women, and Children. Womens empowerment through sports like Fencing is a growing trend, requiring quality gear for all. Safety features are crucial for both genders, with health-consciousness driving demand for advanced materials. National sports federations seek reliable, registered fencers and training centers with adaptive equipment for grassroots programs. Future gear includes wearable technology, video analysis, and motion technology studies, promoting physical activity and combating sedentary lifestyles. Olympic sport status adds to the market’s complexity, with online and offline sales channels catering to diverse consumer preferences. Rapier-style swords and safety equipment are essential playing equipment. Rapidly evolving technology brings US fencing robots, addressing time-intensiveness. However, affordability remains a challenge, with fast food and lifestyle diseases threatening health awareness.

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Segment Overview 

This fencing equipment market report extensively covers market segmentation by

Application 1.1 Women1.2 Men1.3 OthersProduct 2.1 Protective clothing2.2 Fencing weapons2.3 Fencing masks2.4 AccessoriesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Women-  The women’s segment holds a significant share in the global fencing equipment market. Fencing is an inclusive individual sport that is gaining popularity among women due to its mental and physical health benefits. With growing awareness of the importance of physical fitness, the number of women participating in fencing is increasing. A 150-pound woman can burn approximately 400 calories during a fencing workout. Fencing appeals to individuals of all age groups, and it offers equal opportunities for men and women to excel, regardless of physical capabilities. Women have been competing in fencing at the Olympics since 1924, and their participation continues to grow. Government and private organizations’ support for women’s sports, including fencing, is increasing, driven by a commitment to equal opportunities and empowerment. At the 2020 Summer Olympics, 34 women fencers competed, representing 18 nations. European countries like Spain are sponsoring women athletes, aligning with UN SDG principles to promote gender equality in sports. These initiatives are creating opportunities for women athletes and driving the demand for fencing equipment in the women’s segment.

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Research Analysis

The Fencing Equipment Market is experiencing significant growth due to the increasing popularity of the Fencing sport as a fitness activity. Fencers of all ages and skill levels are drawn to the combination of physical and mental challenges that fencing offers. Advanced technologies such as Fencing robots, Drones with LED target areas, and Ultrasonic range finders are enhancing the training experience. Safety features are a top priority, ensuring that fencers can focus on their muscular stamina and aerobic fitness without worry. Health-consciousness and the desire for high-quality gear are driving demand for advanced materials and e-commerce platforms. Grassroots programs and training centers are also fueling the market, providing access to registered fencers and fostering a community of fencing enthusiasts. The Olympic sport of Fencing offers a unique blend of fitness activities, from Foil and Saber-style swords to Rapier-style swords, providing a full-body workout and releasing endorphins for a feel-good experience. Despite the high-tech advancements, the traditional aspects of Fencing, such as safety equipment and playing equipment, remain essential components of the market. The market is expected to continue growing as more people discover the benefits of Fencing as a fitness activity and a competitive sport.

Market Research Overview

The Fencing Equipment Market caters to the needs of fencers, both amateur and professional, in the dynamic and engaging world of Fencing sport. Fencing, as a fitness activity, offers muscular stamina and aerobic fitness benefits. Advanced technologies like Fencing robots and drones enhance training experiences. LED target areas and electric safety edges ensure safety during bouts. Protective clothing, weapons, masks, and accessories are essential playing equipment for fencers of all genders – Men, Women, and Children. Womens empowerment through sports is a significant trend. National sports federations promote quality gear and grassroots programs. Future gear includes adaptive equipment, wearable technology, video analysis, and motion technology studies. Online and offline training centers cater to the diverse needs of fencers. Rapier-style swords, safety equipment, and playing equipment are key components. Health-consciousness and safety features are crucial considerations. The market faces challenges from sedentary lifestyles, lifestyle diseases, and time-intensiveness, but the appeal of Fencing as an Olympic sport and the release of endorphins keep it thriving.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationWomenMenOthersProductProtective ClothingFencing WeaponsFencing MasksAccessoriesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Tata Elxsi Launches Coalesce: An Innovative XR Platform for Digital Twins and Remote 3D Collaboration powered by the Snapdragon Spaces XR Platform

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SAN DIEGO and BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, announced the launch of Coalesce powered by the Snapdragon Spaces™ XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces [qualcomm.com]) from Qualcomm Technologies, Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction.

The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences.

Tata Elxsi’s Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures, and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation.

Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes.

Aditya S Chikodi, Vice President & Head – Industrial Design, Engineering, & XR, said, “Product design and engineering are taking a leap forward with augmented virtual reality and spatial computing. Coalesce introduces a revolutionary approach to digital twins and performance simulation, pushing the boundaries of XR in the product development process.”

Per Neilson, Senior Director, Product Management at Qualcomm Technologies, Inc., added, “Tata Elxsi is working to bring the Coalesce platform to market, empowering industries and executive workforce to collaborate and make real-time decisions in product design and enterprise simulated environments. We are excited to see this platform brought to Snapdragon Spaces.”

To see Coalesce in action, get in touch.

About Tata Elxsi

Tata Elxsi is a fully integrated global design and technology consultancy, creating innovative products, services and experiences to build brands and help businesses grow. It has a multi-disciplinary team of over 13,000 design researchers, strategists, product, UX/UI designers, technologists, and engineers. Tata Elxsi helps clients globally to bring new ideas and award-winning products and services to market. For over 30 years, we have been helping brands differentiate and win.

Tata Elxsi leverages its comprehensive AR/VR capabilities across various sectors, including engineering design and modelling, worker safety, medical training, and virtual showrooms. The company’s expertise in application development, platforms and devices, and service integration ensures robust support for dispersed teams. With advanced development processes and technologies such as AI/ML, GenAI, XR, Metaverse, Tata Elxsi offers end-to-end solutions and platforms to improve user engagement and experience, driving innovation and efficiency in spatial computing. For more information, visit www.tataelxsi.com

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon Spaces is a trademark or registered trademark of Qualcomm Incorporated.

Logo: https://mma.prnewswire.com/media/742257/4913784/Tata_Elxsi_Logo.jpg 

 

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SOURCE Tata Elxsi

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From India to the World: Global Startups Club’s International Expansion to Begin in Dubai & Abu Dhabi

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MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Global Startups Club, one of India’s largest and most active communities for early-stage founders, entrepreneurs, and investors, is expanding into international markets. With a strong commitment to supporting these startups, Global Startups Club has become a valuable resource, hosting offline networking meetups that connect founders, investors, and entrepreneurs. Building on its success in India, the club is now focusing on global markets, marking a new chapter in its mission to promote entrepreneurial growth. The club has created a network of over 12,000 startup founders, including more than 250 venture capitalists and investors, and thousands of budding entrepreneurs.

Global Startups Club’s international journey starts with major meetups in Dubai & Abu Dhabi, UAE, on 19th and 20th October, in partnership with Bon Conseil. These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections. Drawing on its experience in India, Global Startups Club aims to create an environment where entrepreneurs can learn from each other and explore opportunities for growth.

After launching in the UAE, the club plans to start community building in Canada in November, the United States in partnership with Maulik Mehta of MaShCube – Crossborder Tax Solutions, and the United Kingdom in March in partnership with Gisela Lyshetti of Market Forever Global – Digital Marketing Agency. These locations were chosen to engage with different startup ecosystems and support early-stage businesses looking to grow internationally. Each offline experience will be tailored to meet the needs of startups in these areas, focusing on bringing together investors, mentors, and entrepreneurs to help them succeed.

With an already well-established presence in more than 12 cities across India, Global Startups Club has built a strong community that supports startup founders through meetings and collaborative opportunities. These interactions help startups gain valuable insights and develop partnerships that lead to their success. Cities like Bengaluru, Hyderabad, and Mumbai have become hubs for the club’s vibrant activities, bringing together the brightest minds in the entrepreneurial ecosystem.

The club’s summit in Chennai, scheduled for December 7th, 2024, highlights its strong presence in India. The summit is expected to attract over 450 delegates, including startup founders, investors, and industry leaders from across the country. It will feature engaging panel discussions, keynote speeches, and interactive sessions, creating a platform for sharing ideas and driving growth. As Global Startups Club continues to support startups, this important summit will spark discussions about the future of entrepreneurship in India and worldwide.

As part of its growth plan, Global Startups Club aims to expand to over 15 cities in six countries within the next year. This expansion will focus on key startup hubs worldwide, enabling the club to connect early-stage founders with global investors, mentors, and business opportunities. By encouraging collaborations across borders, the club aims to help startups grow and succeed internationally.

Global Startups Club’s international expansion is a significant step in the journey as a key player in the startup ecosystem. With a strong reputation in India and a strategic move to enter global markets, the club is setting new standards for how startup communities can thrive and make a difference. By focusing on building connections, creating funding opportunities, and supporting talent across borders, the club is not only expanding its reach but also strengthening the global startup community overall.

As the club ventures into international markets, the gatherings in Dubai, UAE; Vancouver, Canada on November 16th; and Seattle, USA on November 30th will lay the foundation for a global network that supports the growth and success of startups everywhere.

About Global Startups Club:

Global Startups Club powered by Mojo Capital is not just an event. It’s an experience that fosters collaboration, innovation, and growth. As a startup networking ecosystem , we pride ourselves on creating dynamic platforms where entrepreneurs, investors, and industry experts converge to build meaningful connections.

Global Startups Club go beyond casual introductions. Our events feature curated networking sessions, ensuring meaningful connections that can fuel your startup journey. We believe in pushing boundaries! Our events incorporate innovative networking formats, from speed dating sessions to interactive workshops, providing diverse opportunities to connect.

For more details and to stay updated on upcoming opportunities, visit Global Startups Club: https://www.globalstartups.club/globalstartupsclub.

Photo: https://mma.prnewswire.com/media/2531989/Global_Startups_Club.jpg

 

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Sony Acquires KinaTrax, Inc. to Expand Its Sports Data Business into Player Performance

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– Marking a new expansion into the biomechanics and player performance space –

TOKYO and BASINGSTOKE, United Kingdom, Oct. 16, 2024 /PRNewswire/ — Sony Corporation (“Sony”) today announced that Sony welcomed KinaTrax, Inc. (“KinaTrax”), a leader in research-grade markerless motion capture technology for sports that collects in-game biomechanical performance data on athletes, into Sony’s sports businesses through a recent acquisition.

Joining forces with Hawk-Eye Innovations Limited (“Hawk-Eye”), a Sony group company that forms an integral part of Sony’s sports businesses, KinaTrax will bring its trusted biomechanical and analytical expertise, as well as its markerless motion capture technology to Sony’s portfolio and is expected to further create synergy to maximize the use of sports data for athletes, teams, leagues and fans alike.

Hawk-Eye, Beyond Sports and Pulselive form the core foundation of Sony’s sports businesses, with a shared commitment to deliver best-in-class officiating, broadcast and digital solutions to the sports world around sports data technologies. Welcoming KinaTrax bolsters Sony’s capability to serve important use cases for sports data, such as analysis and biomechanics for coaching, scouting and athletes’ performance.

Rufus Hack, CEO of Hawk-Eye, Pulselive and Beyond Sports stated: “By welcoming KinaTrax into the family, we are excited to further expand our offering, under our mission of unlocking the power and emotion of sport through data. We are incredibly privileged to partner with an overwhelming majority of the top global sports leagues, and this acquisition allows us to broaden our proposition through new biomechanical insights in the critical and growing field of player performance.”

Steven Cadavid, President of KinaTrax also said: “We’re excited to become part of Sony and its sports businesses, and to bring our know-how to complement the powerful tech Hawk-Eye, Pulselive, and Beyond Sports have developed and are delivering today. The future of sports is in deeper data tracking and the creation of smarter insights through innovative technology. With Sony, by enhancing KinaTrax’s expertise in capturing and delivering biomechanical performance data, we aim to contribute to provide sports leagues, teams and players with the best insights to improve performance and pursue success.”

KinaTrax, Inc.

KinaTrax provides professional and collegiate teams with game-changing insights focusing on teams’ most valuable asset: their athletes. The company delivers research-grade markerless motion capture technology that allows teams to collect in-game biomechanical performance data. The camera systems are currently deployed in over 75 stadiums and labs across MLB, MiLB, and NCAA organizations, and are expanding into other sports leagues.

The comprehensive sets of tools for data capture and analysis are operationalized for daily use by players, GMs, coaches, trainers, medical staff, and researchers, providing value that goes beyond traditional scouting, training, and rostering.

About Sony Corporation
Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to “create the future of entertainment through the power of technology together with creators,” we aim to continue to deliver Kando* to people around the world. For more information, visit: http://www.sony.net/

*Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.

About Hawk-Eye Innovations Limited
Hawk-Eye has been at the forefront of sports officiating and broadcast enhancement technology since 2001. The world’s biggest sporting events trust Hawk-Eye to make the right call when it matters most.

Hawk-Eye’s vision-processing, video replay and creative graphic technologies make sport fairer, safer, more engaging and better informed. Hawk-Eye’s innovations are constantly changing the face of sports officiating, production, content management, and fan engagement in every sport.

Hawk-Eye forms a key part of Sony’s sports businesses with a shared mission to deliver best-in-class officiating, broadcast and digital solutions to the sports world.

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SOURCE Sony Corporation

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