Research details developments in the Ice Skating Equipment Market with growth by 2022 || Key Players - Decathlon S.A., Bauer Hockey Inc., Easton Hockey Inc., Reebok-CCM Hockey Inc., Roces Srl
Ice skating is an act wherein one can move on ice with the help of ice skates. Ice skating is done for various purposes such as thrill and leisure. Ice skating equipment is used in ice skating sports which includes various types of skates, different blades, clothing etc. Safety precautions such as helmets and appropriate clothing are recommended in order to avoid hazards.
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According to Fact.MR’s research report on the global ice skating equipment market, the market is anticipated to reach a value of more than US$ 975 Mn by 2022 reflecting a steady CAGR during the forecasted period of 2017-2022.
Sales of ice skating equipment continue to remain robust through modern trade channels. In addition to modern sales channel, demand is also growing through third party online channels. It is likely that modern trade will continue to be the most prominent sales channel throughout the assessment period, whereas sales are anticipated to grow at a brisk pace through the online channel.
North America and Europe – Two Largest Markets for Ice Skating Equipment
North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global ice skating equipment market in terms of revenue share and is expected to grow at a steady growth rate. In addition to North America, Europe is also anticipated to offer steady growth opportunities to manufacturers during the assessment period.
The report also profiles companies that are expected to remain active in the expansion of the global ice skating equipment market through 2022, which include Decathlon S.A., Bauer Hockey, Inc., Easton Hockey, Inc., Tournament Sports Marketing Inc., Reebok-CCM Hockey, Inc., Roces Srl, Graf Skates AG, MIZUNO Corporation, Tecnica Group S.p.A. Kimlinan Sports Products Co., Ltd.
6 Forecast Highlights on Global Ice Skating Equipment Market
Hockey skates segment by product type shows dominance in terms of higher market share. It is poised to grow at a moderate growth rate.
In addition to hockey stakes, demand for figure stakes is also likely to grow at a robust pace during the assessment period.
By buyer type, the key segments include individual, institutional, and promotional. Among these, individual segment continues to be the largest. The report projects the individual segment to remain the largest market in terms of revenue during the assessment period.
Modern trade continue to be the largest segment in terms of revenue. Sales of ice skating equipment are also growing at a brisk pace through online channels. The report projects online sales to emerge as a lucrative sales channel during the assessment period.
North America is the largest market for ice skating equipment, and the status quo is likely to remain unchanged during the assessment period. The growing popularity of ice skating as an activity is likely to create new growth opportunities for manufacturers in Europe during the assessment period.
Manufacturers can expect a steady stream of opportunities to emerge from Asia Pacific excluding Japan (APEJ) during the forecast period.
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