Demand for Ice Hockey Equipment is anticipated to reach US$ 1,844.0 Million by 2032

According to a report by Fact.MR, The global ice hockey equipment market is set to enjoy a valuation of US$ 996.1 Million in 2022 and further expand at a CAGR of 6.4% to reach US$ 1,844 Million by the end of 2032.

Even though the market growth witnesses a slow pace, a rise in its expansion is estimated on the back of rules changed by the NHL. The NHL has made changes to length of the goalie's leg pads for reducing their size, which in turn will prevent blocking of five hole between their legs.

In the near future, it will be necessary for the ice hockey goalies to wear catch gloves, blockers, and chest guards, which will better suit their body sizes. The changes made by NHL in game rules will necessitate purchasing of new gears by goalies, and eliminate the use of the standard oversize equipment. This will result into the loss of current stock in the market.

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Over the recent past, a number of vendors have been concentrating on innovations in helmets, so as to provide players with protection from concussions. Major vendors including Adidas, and Performance Sports Group, have begun launching new versions of helmets, making the older versions obsolete. These new versions of helmets are made from flexible materials with fluid-filled bladders to prevent ice hockey players from head injuries.

Adoption of these helmets will witness a rise in the near future, owing to their enhanced abilities. New opportunities are being explored by vendors in developing countries of Europe, and Asia, and these vendors are adopting multiple strategies for increasing their presence in the market. These factors will bring a promising change in the growth of the market.

Market Segmentations
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
By Region : North America, Latin America, Europe, East Asia, South Asia & Oceania, MEA

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Competitive Landscape
Prominent ice hockey equipment manufacturers are 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.

Due to the presence of various international and regional competitors, the market for ice hockey equipment is quite competitive. To support their position, key firms use a variety of techniques, including product portfolio growth and collaborations with regional sports academy. Customization of equipment to fit the team goals has accelerated B2B sales for the manufacturers.

Recent News:
In Oct 2022, The Professional Women's Hockey Players Association (PWHPA) has appointed CCM Hockey, a renowned designer and producer of hockey equipment, as the organization's official equipment sponsor for the next season.
In Aug 2021, The well-known sports firm ProSharp was acquired by Bauer Hockey LLC,. The objective of this acquisition is to develop the company's operations by adapting to changing consumer demands by providing bespoke skate fitting.

Read More - https://www.globenewswire.com/news-release/2018/07/25/1541704/0/en/Global-Ice-Hockey-Equipment-Market-Expected-to-Reach-Nearly-US-1-400-Mn-in-Revenues-by-2022-End.html

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