Roller-Skating Market is expected to reach USD 604.18 Million by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, the Global Roller Skating market size was valued at USD 456.36 Million in 2022 and is expected to grow at a CAGR of 4.09% during the forecast period, reaching USD 604.18 Million by 2029.

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Roller skating is a recreational and competitive sport in which participants wear special shoes with small wheels to move around ice rinks and paved surfaces. In 1760, the invention of roller skates is traditionally credited to Joseph Merlin of Belgium. There are basically three types of ice skates such as quad roller skates, inline skates, or blade and tri skates. Roller skates involve different types of performances such as solo dances, team dances, and freestyle dances. The increasing popularity of recreational activities is a key driving factor responsible for the growth of the roller-skating market over the forecast period. More people are taking up roller skating as a hobby or exercise, and ice-skating sales are growing. Additionally, rising sales of skates to meet healthy lifestyle trends are another factor that boosts the growth of this market. The desire for physical exercise and mobility is driving increased sales of skates. However, roller skating can cause serious injuries to the wrist, arms, legs, knees, and neck may limit the growth of this market. Furthermore, the creation of a new generation of in-line roller skates will provide numerous opportunities for this market in the coming years.

Regional Analysis of the Roller-Skating Market:
• North America is anticipated to account for a considerable revenue share in the roller-skating market during the forecast period, 2022-2029. The growth of the market is mainly attributed to the growing interest of players in outdoor activity along with the region having many opportunities in recreational and competitive skating. In the U.S. roller skating is popular in both urban and rural areas and is enjoyed by people of all ages. Many cities have recreational skating groups and roller-skating clubs that organize sports events and skating sessions.

Top players involved in the Global Roller-Skating Market:
- Major players involved in roller skating include
• Technica Group S.p.A. (Rollerblade)
• Impala Roller Skate
• Roller Derby Skate Corporation
• Guangzhou Mountain Lion Skating Facility Co.Ltd. (Cougar)
• Crazy Skate Company
• Roces S.R.L.
• Action Skate
• Riedell Shoes Inc.
• Sure-Grip International
• Others.

Strategies incorporated by the companies
• The companies in this industry are focusing on the design and production of inline and ice skates. They are devoted to combining dynamic performance and refined comfort. Based on solid manufacturing capabilities, each roller-skating model is wisely developed for specific skater needs. The company ensures safety, dependability, comfort, and performance by using the best materials and components. Additionally, this industry has continued to evolve, with a growing family of renowned brands that provide the highest-quality, innovative skates, wheels, bearings, protective equipment

Segment Analysis:
• Based On The Type, the market is segmented into speed skates, outdoor skates, indoor skates, roller derby skates, kids' skates, and inline skates. The outdoor skates segment led the global roller-skating market throughout the forecast period. It is due to the outdoor roller skating has become increasingly popular in recent years, as people look for fun and healthy ways to spend their time outdoors. This has led to a growing demand for outdoor skates over the last few years.

• Based On The Application, the market is segmented into kids, adults, and professionals. Adults and kids hold a significant share of the application segment in 2022. For adults, roller skating can be great exercise and a way to socialize with friends and family. Nowadays, many communities have recreational skating groups and roller-skating clubs that organize events and group skating sessions.

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