Hockey Sticks Market Revenue, Industry Growing Demand, Top Companies, Regional Outlook Up to 2028

The global hockey stick market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028).

It is a popular sport in several countries around the world and has been declared an official national winter sport in India, Afghanistan, Pakistan, and Sri Lanka. The major factor expected to drive the market growth is the rising demand for composite hockey sticks owing to their lightweight properties and durability. In addition, the growth in global top hockey teams across various countries, expansion of youth sports activities through academies and other organizations, and increase in the popularity of ice hockey sticks among players are owing to their lightweight design compared with wooden or carbon fiber ones. Furthermore, premiumization through technological innovation concerning raw materials, and an increase in participation by women are further boosting the growth of the global hockey sticks market.

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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. collaborated with Hasbro a global entertainment company. Further, the company added that the strategy behind this is product innovation and the launching of Non-Expanding Recreational Foam (NERF) sports products and 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 that offers skate sharpening and profiling products to meet the needs of players and teams. The acquisition is to offer customized skate fit, which will expand the business of the company by meeting the consumer's changing preferences.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Stick Material
o By Consumer Group
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?

Global Hockey Sticks Market Report by Segment

By Type
• Composite Hockey Sticks
• Wood Hockey Sticks
• Other

By Stick Material
• Carbon Fiber
• Fiberglass
• Wood
• Others (Aluminum, among others)

By Consumer Group
• Adults
• Children

By Sales Channel
• Hypermarkets and Supermarkets
• Specialty and Sports Stores
• Online Stores
• Others

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This release was published on openPR.