Global Ice Hockey Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global ice hockey equipment market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising participation rates and accessibility of synthetic ice rinks, the rising level of disposable income of people, and increasing television coverage of international ice hockey events. In addition, favorable government initiatives for the promotion of ice hockey, an increase in the women's participation rate in ice hockey championships, changing trends in the sports industry, and a rising number of ice hockey clubs and ice rinks are some factors that propel the growth of the global ice hockey equipment market during the forecast period. Furthermore, with the rising adoption of online shopping channels by consumers, most vendors are adopting online retail strategies to reduce costs and increase their margins coupled with the launch of new innovative products, the introduction of new tournaments, and emerging new markets are further boosting the growth of the global ice hockey equipment market during the forecast period.

Some major players in the market include American Athletic Shoe and Co., Bauer Hockey, LLC, and Franklin Sports Inc., 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. For instance, in 2021, Franklin Sports Inc. announced the merger with Hasbro, which is a global entertainment company. Further, the company stated that the reason behind this merger is product innovation and the launching of non-expanding recreational foam (NERF) sports products and the company has planned to launch a set of new innovative products, such as the FLEXPLAY hockey set for the players. Further, in 2021, Bauer Hockey LLC announced the acquisition of ProSharp, a well-established brand in the sports sector, and the company offers skate sharpening and profiling products to meet the needs of players and teams. The reason behind the acquisition is to offer customized skate fit, which will expand the business of the company by meeting the consumer's changing preferences.

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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- American Athletic Shoe and Co., Bauer Hockey, LLC, and Franklin Sports Inc., 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?

A full report of Global Ice Hockey Equipment Market is available at:
https://orionmarketreports.com/global-ice-hockey-equipment-market/109494/

Global Ice Hockey Equipment Market Report by Segment

By Product
• Ice Hockey Skates
• Ice Hockey Sticks
• Ice Hockey Protective Gear and Accessories
• Others

By Sales Channel
• Online
• Offline

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Orion Market Reports (OMR) endeavors to provide 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 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.