Global Field Hockey Equipment Market to Reach the Value of US$ 1.8 Bn in 2022

Field hockey is turning into well-known game because of its developing commercial profile, which is developing a broad coverage with the help of television and parallel demand growth for the equipment of field hockey. The popularity of field hockey is increasing mainly due to two reasons. Firstly, this game has a simple appeal and secondly it is becoming a profitable commercial area since past few years due to rising interest of people across the globe in sports activities.  “Global Field Hockey Equipment Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022,” is the new report that has been added into the database of Market Research Reports Search Engine (MRRSE). According to this research report, the global field hockey equipment market is anticipated to be valued at approximately US$ 1.6 Bn in 2017 and is likely to rise to US$ 1.8 Bn in 2022.

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Global Field Hockey Equipment Market: Drivers 

Increasing interest and eventually participation in various sports
Widespread Television coverage to the sports tournaments
Rising online shopping portals
Increasing per capita income
Rise in the international hockey tournaments
Global Field Hockey Equipment Market: Segmental Analysis and Forecast

The key product segment in the global market for field hockey equipment is shoe. Some of the reasons behind the growth of this segments are developments and innovation if footwear industry, progress in making shoes which are comfortable for users. This segment is estimated to be touch the value of US$ 772.6 Mn in 2017 and is likely to grow to US$ 866.5 Mn at the end of 2022 with sluggish CAGR rate of 2.3%.

Global Field Hockey Equipment Market: Regional Analysis and Forecast

Two regions Europe and North America are expected to present healthy Compound Annual Growth Rate of 2.3% and 2.6% respectively throughout the projected period. On the other hand Asia Pacific (Excluding Japan) region is also to be expected to show the CAGR of 2.2%. Europe is probably going to remain the key contributor in the worldwide market for field hockey in the years to come and could represent more than US$ 675 Mn by the end of 2022. On the other hand North America region is predicted to be valued US$ 296 Mn in the year 2017 and is anticipated to grow to US$ 335.9 Mn by the end of 2022. In 2022, APAC region is to be expected to be valued at US$ 520.7 Mn by 2022.

Global Field Hockey Equipment Market: Market Players

Some of the market players operating in the global market for field hockey equipment market are TK Hockey, Grays International, Gryphon Hockey, Mazon Hockey, Adidas AG, OBO, and Osaka Hockey.

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