Press release
Field Hockey Equipment Market: 2022 Analysis, Share, Trends, and Overview 2022-2028
The global field hockey equipment market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028).The rising participation coupled with growing initiatives in field hockey is anticipated to drive the growth of the global field hockey equipment market. According to the State of Play 2020 report published by Team USA, in 2019 nearly 61.0% of kids played team sports on at least a casual basis. It was reported that 620,000 more kids at least tried sports once in 2019. For children ages 6 to 12 who participated on a regular basis, the sport of field hockey saw a 19.6% increase between 2018 to 2019. Moreover, in 2019 many sports experienced gains among youth ages 13 to 17. Field hockey witnessed a 7.6% participation growth. Further, field hockey was on the positive end of the spectrum and gained participation by middle school reporting an increase of 61,000 individuals. Further, in 2019, USA Field Hockey received the Project Play champion designation for work done in sports development, and with the program Stick2Sports, an initiative in partnership with US Lacrosse. Thus, such initiatives coupled with growing participation in field hockey are anticipated to fuel the demand for the global field hockey equipment market.
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Looking toward the demand for field hockey equipment, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, OVO and Sherwood Hockey partnered to launch a limited-edition collection of hockey gear. The collection includes a hand-painted goalie mask, black and gold co-branded gear bags, carbon fiber player and goalie sticks and gold plated hockey pucks.
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According to ro OVO, a gold helmet is around $4800 and pucks are priced at $42a piece. Further, in August 2020, Tim Hortons launched a limited edition NHL Superstar Collectable Sticks Collection. The collectible sticks are 5.5 inches tall and displayed in a personalized locker box featuring one of six players namely Sidney Crosby, Nate MacKinnon, Mitch Marner, and others. Thus, such launches are anticipated to drive the growth of the global field hockey equipment market during the forecast period.
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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 Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Adidas AG, Osaka Hockey, and Mazon Hockey 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 Field Hockey Equipment Market Report by Segment
By Product Type
• Hockey Sticks & Balls
• Field Hockey Shoes
• Protective Gear & Accessories
By Distribution Channel
• Offline Retail stores
• Online Retail Stores
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
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.
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