Figure Skating Equipment Market: Current Status, In-depth Analysis and Forecast Outlook 2028

The global figure skating equipment market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028).

Figure skating stands as a multi-faceted sport, which combines athletics and aesthetics. Figure skating involves a combination of movement, speed, and choreography, which together makes it one of the most interesting and popular sports globally. Figure skating equipment refers to various clothing and accessories worn by figure skaters during training or competitions. Some commonly used equipment includes figure skating boots and blades, blade guards, helmets, Bunga and crash pads, stretchy pants, sweaters, jackets, socks, and gloves. These materials are available in various types of materials, and designs, to meet the changing consumer requirements.

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The rise in the interest of consumers in sports such as figure skating and the increasing participation in ice-skating are some major factors accelerating the growth of the global figure skating equipment market. Additionally, growing awareness regarding the health benefits of figure skating and the rising participation rates in competitions are supporting to drive the market growth. The manufacturers are producing high-quality, lightweight, and durable figure skating equipment in stylish designs to expand their product portfolio, and gain more customers. An increase in disposable income of the people, growing inclinations toward sports and fitness activities, and a rise in the popularity of international tournaments are some factors that can boost the growth of the market in the near future. However, unfavorable weather conditions and the availability of alternate products are some factors restraining the growth of the global figure skating equipment market.

The market is segmented based on the product type and sales channel. Based on the sales channel, the market is segmented into offline and online. The online segment is going to boost the market as most vendors are adopting online retail strategies to reduce costs and increase their profit margins that will accelerate the growth of the market. Some of the policies that encourage consumers to purchase online include secured transactions, cash-on-delivery options, and convenient return policies. For instance, Riedell Shoes and SP-Teri are providing online customized figure skate boots.

Some major players in the market include Jackson Ultima Skates, Roces S.r.L, and EDEA Srl, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021, Sports Maska Inc., owner of the CCM Hockey brand, acquired Tournament Sports Marketing Inc. and their portfolio of figure and roller skates.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Jackson Ultima Skates, Roces S.r.L, and EDEA Srl, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Figure Skating Equipment Market Report by Segment

By Product Type
• Figure Skates
• Figure Skating Accessories

By Sales Channel
• Offline
• Online

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This release was published on openPR.