Ice Hockey Equipment Market Is Expected To Grow With A CAGR Of 6.4% During 2023 To 2032

The Ice Hockey Equipment Market is anticipated to be valued US$ 996.1 million in 2018, growing at a CAGR of 6.4% to US$ 1,844 million by 2032. Ice hockey sticks and helmets are the most often used items of ice hockey equipment, and they are expected to account for more than 60% of market growth throughout the forecast period.

Despite being a seasonal sport, ice hockey has surmounted all obstacles to become one of the world's most popular and successful professional sports leagues. There has always been a high demand for ice hockey equipment in North America and Europe.

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The ice hockey equipment industry is very competitive due to the presence of several worldwide and regional rivals. To bolster their position, significant corporations employ a number of strategies, such as product collection expansion and collaborations with area sports academies. Customization of equipment to meet the needs of the team has increased B2B sales for manufacturers.

The Professional Women's Hockey Players Association (PWHPA) has named CCM Hockey, a famous designer and maker of hockey equipment, as the organization's official equipment sponsor for the next season in October 2022.

Bauer Hockey LLC bought the well-known sports business ProSharp in August 2021. The goal of this purchase is to expand the company's operations by providing bespoke skate fitting to meet evolving consumer needs.

Key Players:

Bauer Hockey Inc.
Sports Maska Inc./CCM Hockey
Adidas AG
Warrior Sports Inc.
True Hockey
Easton Hockey
Garf Skates AG
Sher-Wood Hockey Inc.
STX
K1 Sportswear

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 Regional Analysis:

During the forecast period, the Asia Pacific market is likely to develop rapidly, followed by the Middle East and Europe.Due to large leisure expenditure and a commensurate increase in ice hockey popularity in China, South Korea, Japan, Australia, New Zealand, and India, Asia Pacific is viewed as an emerging market. Due to increased accessibility of the sport and resulting public interest in ice hockey, the Asia Pacific area is expected to provide the most profitable prospective opportunities for commercial development.

Between 2016 and 2032, the Asia Pacific ice hockey equipment market is expected to grow at a 5.4% CAGR.

The fast rise of sports academies and institutes in the region provides intriguing potential. The exploratory initiatives of the government and end user firms, such as "try hockey for free day," which is an effort to attract youngsters to the game, are projected to develop the target product market in the region. Furthermore, due to advancements in safety standards, technology, and new legislation in the country, sales of ice hockey equipment in the United States seem promising in the next years.

Key Segments of Industry:

By Equipment Type :
Ice Skates
Helmets
Stick
Protective
Shoulder Pads
Elbow Pads
Shin Guards
Hockey Pants
Gloves
Others
Apparel
Others
By Buyer Type :
Individual
Institutional
Promotional
By Sales Channel :
Independent Sports Outlet
Franchised Sports Outlet
Ice Hockey Product Stores
Modem Trade Channels
Online Sales Channel

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This release was published on openPR.