Press release
Ice Hockey Equipment Market Size Forecasted To Achieve $2.08 Billion By 2029 With Steady Growth
Ice Hockey Equipment Market Size
What Is the Ice Hockey Equipment Market Size and Projected Growth Rate?
The market size for ice hockey equipment has seen a consistent increase over the recent years. The projected growth is from $1.66 billion in 2024 to $1.72 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.5%. Factors contributing to this growth during the historical period include the increased popularity of and participation in the sport, the impact of professional leagues, demographic changes, and an increase in disposable income.
Predictions for the ice hockey equipment market size forecast a consistent expansion in the upcoming years, reaching an estimate of $2.08 billion by 2029 and growing at a compound annual growth rate (CAGR) of 4.9%. This projected growth during the forecast period may be linked to the rise in youth involvement, global development, equipment design innovations, the expansion of women's hockey, and emphasis on health and fitness. Future trends within the forecast period point towards sustainable manufacturing practices for equipment, emphasis on customization and personalization, the blending of technology with gear, a focus on safety measures and injury prevention, and the impact of fashion and style trends.
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What Are the Major Segments in the Ice Hockey Equipment Market?
The ice hockey equipment market covered in this report is segmented -
1) By Equipment Type: Ice Skates, Helmets, Stick, Protective, Apparel, Other Equipment
2) By Distribution Channel: Online, Offline
3) By End User: Individual, Institutional, Promotional
Subsegments:
1) By Ice Skates: Youth Skates, Adult Skates, Figure Skates
2) By Helmets: Full-Face Helmets, Half-Helmets, Helmet Visors
3) By Stick: Composite Sticks, Wooden Sticks, Flex Sticks
4) By Protective: Shoulder Pads, Elbow Pads, Shin Guards, Goalie Gear
5) By Apparel: Jerseys, Socks, Base Layers
6) By Other Equipment: Pucks, Training Aids, Equipment Bags
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What Are The Driving Ice Hockey Equipment Market Evolution?
The rise in individual involvement in casual sports is anticipated to bolster the expansion of the ice hockey equipment market. Casual sports are physical games or activities that people undertake for pleasure, fun, and relaxation, in contrast to competitive or professional motives. Ice hockey gear offers a multitude of advantages in casual sports, aiding player safety, comfort, and performance - all vital to establishing a safe and enjoyable casual sports atmosphere. For instance, data from the Sports & Fitness Industry Association (SFIA), a US-based sports body, in March 2023 revealed that over 76%, or 236.9 million, of all Americans participated in a minimum of one activity over the 2022 calendar year, marking a 1.9% increase from 2021. Also, more Americans got involved in a minimum of one fitness workout, sport, or outdoor recreational activity in 2022 than any of the past five years. Due to this growing participation in casual sports, there is an increased potential for growth in the ice hockey equipment market.
Which Firms Dominate The Ice Hockey Equipment Market Segments?
Major companies operating in the ice hockey equipment market include Canadian Tire Corporation, 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., Janletic Sports
What Trends Are Expected to Dominate the Ice Hockey Equipment Market in the Next 5 Years?
Technological advancement is an emerging trend that is gaining ground in the ice hockey equipment industry. Leading firms in this market are creating innovative solutions to maintain their market position. For example, Bauer Hockey LLC., a sports equipment entity based in the US, introduced the AG5NT stick in October 2022. This state-of-the-art stick is the lightest and fastest from Bauer's range. It incorporates XE taper technology and dynamic quick-release capabilities, designed to facilitate a faster and more potent shot for players. The AG5NT is constructed using boron fiber, a material first used in the aerospace industry for its unparalleled strength, lightness, and torsional qualities. This type of construction offers both sturdiness and longevity and allows the players to increase the velocity with their shots due to its exceptional stiffness and compression resilience.
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Which Is The Largest Region In The Ice Hockey Equipment Market?
North America was the largest region in the ice hockey equipment market in 2024. The regions covered in the ice hockey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ice Hockey Equipment Market?
2. What is the CAGR expected in the Ice Hockey Equipment Market?
3. What Are the Key Innovations Transforming the Ice Hockey Equipment Industry?
4. Which Region Is Leading the Ice Hockey Equipment Market?
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