Hockey Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global hockey equipment market is anticipated to grow at a CAGR of 3.2% during the forecast period (2022-2028).

Hockey equipment includes all those things that a player needs during the game. It includes a helmet, shoulder pads/chest protector, elbow pads, mouth guard, protective gloves, heavily padded shorts, a jock athletic protector, shin pads, and a neck guard. Goalkeepers wear a heavy mask that is designed to protect them from any direct hits from the players. As hockey is becoming an ever-popular sport owing to its growing commercial profile and it also supports in the enhancement of one's cardiovascular strength.

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The rise in the interest and participation of the people, increasing government initiatives to encourage participation in hockey, and the rise in international hockey tournaments are some factors driving the growth of the global hockey equipment market. Additionally, as hockey equipment does not have strict tailoring to personal measurements, these products can be easily purchased from the online stores which rises the demand for online shopping channels which is another factor accelerating the growth of the market.

Some major players in the market include Mazon Hockey, Gryphon Hockey, and Adidas AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market.

Recent Strategic Initiatives
• In June 2021, USA Field Hockey officially launched the USA Field Hockey Equipment store, an online store that provides entry-level and modified equipment packages to make field hockey more accessible and affordable.

• In September 2020, True Sports announced the acquisition of the QC-based goalie equipment manufacturer, Lefevre Inc.

• In March 2020, Gryphon started a recycling program for hockey equipment with ambassadors in Australia. These ambassadors agreed to return their gear (sticks and bags) from the previous year, which allowed Gryphon to donate it to associations such as the Timor Leste Hockey Federation.

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
o By End-User

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

• Competitive Landscape- Mazon Hockey, Gryphon Hockey, and Adidas AG, 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 Hockey Equipment Market Report by Segment

By Product Type
• Shoes
• Hockey Sticks
• Helmets
• Shin Guards
• Protective Pads

By Sales Channel
• Independent Sports Stores
• Franchised Sports Stores
• Modern Trade Channels
• Direct to Customer
• Online

By End-User
• Individual
• Institutional
• Promotional

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.