Global Ice Hockey Equipment Market, By Product Type (Protective Wear, Sticks, Skates, Others), Distribution Channel (Online, Offline), End User (Individual, Institutional, Promotion), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Ice Hockey Equipment Market
The ice hockey equipment market is expected to be growing at a growth rate of 4.60% in the forecast period of 2022 to 2029 and is expected to reach the USD 1,283.03 million by 2029.
Ice hockey is one of the fastest-growing sports in the world, with a large following in North America and Europe. Skating rinks are where the game is usually played. Ice hockey requires a variety of protective equipment, including helmets, shin pads, gloves, and shoulder pads, in addition to hockey sticks, ice skates, and the puck. Ice hockey tournaments such as the Ice Hockey World Championship, World Cup of Hockey, and Stanley Cup are expected to increase the sport's appeal, encouraging kids to play. The market in recent years have experienced significant research and development investments by leading players to stay competitive.
The rise in the number of participation rates and accessibility of synthetic ice rinks is likely to drive the demand of ice hockey equipment market. The rising level of disposable income of people and increasing television coverage of international ice hockey events are some of the factors driving the ice hockey equipment market. Other significant factors such as the favourable government initiatives for the promotion of ice hockey and increase in women participation rate in ice hockey championships will accelerate the market growth rate. Furthermore, changing trends in sports industry and rising number if ice hockey clubs and ice rinks will positively impact the market’s growth rate. Additionally, increase in the adoption of digital platform by manufacturers to ensure global presence as well as regional availability of their products will further cushion the growth rate of market. Also, the availability of leading ice hockey equipment brands on e-commerce platforms will further increase the demand of ice hockey equipment market.
Moreover, the increase in the adoption rate of online shopping channels by consumers will create lucrative market growth opportunities in the forecast period of 2022-2029. Also, launch of new innovative products, introduction of new tournaments and emerging new markets will escalate the growth rate of market in future.
However, fluctuating prices of raw materials and high risk of injuries will hamper the market growth rate. Additionally, the negative impact of COVID-19 on supply chain and intense competition between market players will hinder the market growth. The dearth of ice rinks in many countries and threat of new entrants will further challenge the market in the forecast period mentioned above.
This ice hockey equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ice hockey equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ice Hockey Equipment Market Scope and Market Size
The ice hockey equipment market is segmented on the basis of product type, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the ice hockey equipment market is segmented into protective wear, sticks, skates and others. Protective wear is further segmented into helmet, gloves, shin pads and others.
- Based on distribution channel, drinkware market is segmented into online and offline. Offline is further segmented into hypermarket/supermarket, specialty store and others.
- The end user segment for ice hockey equipment market is segmented into individual, institutional and promotional.
Ice Hockey Equipment Market Country Level Analysis
The ice hockey equipment market is analysed and market size insights and trends are provided by country, product type, distribution channel and end user as referenced above.
The countries covered in the ice hockey equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is predicted to continue a dominant position among other regions worldwide. This is attributable to the presence of major key players, changing trends in sports industry and rising number of ice hockey clubs and ice rinks will stimulate the growth of ice hockey equipment market in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the high spending on recreational and leisure activities and significant rise in popularity of ice hockey in this region.
The country section of the ice hockey equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Ice Hockey Equipment Market Share Analysis
The ice hockey equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ice hockey equipment market.
Some of the major players operating in the ice hockey equipment market are Canadian Tire Corporation, Franklin Sports Inc., CCM Hockey, BAUER Hockey, LLC., Winnwell, Cooper Canada Ltd., New Balance, GRAF SKATES AG, Vaughn Hockey, Wm. T. Burnett & Co., adidas, American Athletic, Tour Hockey, Don Simmons Hockey, and Eagle Hockey, among others.