Press release
Skating to Success: Ice Hockey Equipment Market Growth Outlook, Market Size Analysis, Key Trends, Competitive Dynamics, and Demand Forecast
Ice Hockey Equipment Market
Ice Hockey Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.99 billion In 2028 At A CAGR Of 4.1%.
The ice hockey equipment market size has grown steadily in recent years. It will grow from $1.62 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to sport popularity and participation, professional leagues' influence, demographic shifts, rising disposable income.
The ice hockey equipment market size is expected to see steady growth in the next few years. It will grow to $1.99 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to youth participation growth, international expansion, innovations in equipment design, female hockey growth, health and fitnes. Major trends in the forecast period include sustainability in equipment manufacturing, customization and personalization, technology integration in gear, focus on safety and injury prevention, fashion and style influence.
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Ice Hockey Equipment Market Major Segments
The ice hockey equipment market covered in this report is segmented -
1) By Equipment Type: Ice Skates, Helmets, Stick, Protective, Apparel, Other Equipments
2) By Distribution Channel: Online, Offline
3) By End User: Individual, Institutional, Promotional
Key Driver - Surge In Recreational Sports Participation Fuels Growth Of Ice Hockey Equipment Market
The increasing participation of individuals in recreational sports is expected to propel the growth of the ice hockey equipment market going forward. Recreational sports refer to physical activities or games that individuals engage in for leisure, enjoyment, and relaxation rather than for competitive or professional purposes. Ice hockey equipment provides numerous benefits in recreational sports, contributing to players' overall safety, comfort, and performance, which is essential for creating a safe and enjoyable recreational sports environment. For instance, in March 2023, according to the Sports & Fitness Industry Association (SFIA), a US-based sports association, more than 76% of all Americans, or 236.9 million people, participated in at least one activity during the 2022 calendar year in the United States, a 1.9% increase from 2021. Additionally, more Americans participated in at least one sport, fitness exercise, or outdoor recreation activity in 2022 compared to five previous years. Therefore, the increasing participation in recreational sports drives the ice hockey equipment market.
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Prominent Trend - Technological Leap In Ice Hockey Equipment Redefining Power And Performance For Players
Technological innovation is a key trend gaining popularity in the ice hockey equipment market. Major companies operating in the ice hockey equipment market are developing innovative products to sustain their position in the market. For instance, in October 2022, Bauer Hockey LLC., a US-based sports equipment company, launched the AG5NT stick. It is an innovative stick, the lightest and quickest from Bauer. It features XE taper technology and dynamic quick-release technology, designed to give players a quicker and more powerful shot. The AG5NT is made of boron fiber, a material pioneered in the aerospace industry that combines unparalleled strength, lightness, and torsion. It provides durability and strength and allows players to put more velocity behind their shots because of its exceptional stiffness and compression strength.
Ice Hockey Equipment Market Players
Major companies operating in the ice hockey equipment market report are Adidas AG, Canadian Tire Corporation, K2 Sports LLC, Franklin Sports Inc., True Temper Sports Inc., Riddell Inc., Bauer Hockey Inc., Warrior Sports Inc., Champro Sports, CCM Hockey AB, Superfeet Worldwide Inc., Sher-Wood Hockey Inc., Mazon Hockey International, Snipers Edge Hockey LLC, Winnwell Inc., STX LLC, Roces Srl, Grit Inc., Alkali Hockey LLC, All Black Hockey Sticks LLC, American Athletic Shoe Co. Inc., Flite Hockey Inc., Graf Skates AG, Inglasco Inc., Mylec Inc., NoSweat Co., Verbero Hockey Inc., Shock Doctor Inc., Jackson Ultima Skates Inc., Janletic Sports
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Largest And Fastest Growing Region In The Market
North America was the largest region in the ice hockey equipment market in 2023. The regions covered in the ice hockey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ice Hockey Equipment Market Report Structure
3. Ice Hockey Equipment Market Trends And Strategies
4. Ice Hockey Equipment Market - Macro Economic Scenario
5. Ice Hockey Equipment Market Size And Growth
…..
27. Ice Hockey Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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