Ice Skating Equipment Market Analysis: The market is anticipated to reach a value of more than US$ 500 Mn by 2022

Ice skating is a sport long known and is observed in many regions across the world. There are natural as well as artificial arenas created for ice skating. Different ice skating sports, rising population joining ice skating, higher disposable income, new innovations in ice skating equipment, etc., has triggered the consumption of the ice skating equipment and hence the global ice skating equipment market. North America region is dominating in the global market of ice skating equipment and has high market attractiveness index. The report, compiled by Fact.MR, provides in-depth analysis of the global ice skating equipment market for the forecast period 2017-2022, and offers key insights about future market direction.

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The next section offers an overview of the ice skating equipment market. This comprises an introduction to the market, along with a standard definition of the product – ice skating equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global ice skating equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of ice skating equipment. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for ice skating equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

6 Forecast Highlights on Global Ice Skating Equipment Market

1. Hockey skates segment by product type shows dominance in terms of higher market share of about 15% and poised to grow at a moderate growth rate. The touring skates segment also shows a similar growth rate but a low market share

2. Recreational skates segment is poised to grow at the highest growth rate and is poised to register a CAGR of 6.2% throughout the period of forecast. This segment also expected to gain highest BPS by the end of 2022, but experiences a low market share

3. Men and kids segment by demographics are meant to grow alongside showing similar growth rates throughout the period of forecast 2017 to 2022. The women segment shows less speed in growth as compared to these segments the men segment, however, dominates the global ice skating equipment market by demographics

4. The economy segment by price range has a higher market share than any other segment in this category and hence dominates the market. Super premium segment by price range is poised to grow at the highest growth rate and anticipated to reflect a CAGR of 5.9% throughout the period of forecast

5. Premium segment and the mid-range segment by price range show similar growth rates. But the premium segment shows higher market share than the mid-range segment. It is also expected that the premium segment will gain higher BPS than the mid-range segment by the end of 2022

6. Specialty stores segment by channel dominates the global market in terms of market share as well as growth rate. The segment is poised to show a robust growth rate and register a CAGR of 6% throughout the period of forecast. It is also likely to gain the highest BPS by the end of 2022

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North America Heads the Global Market

North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global ice skating equipment market in terms of revenue share and growing at a steady growth rate. The Asia-Pacific excluding Japan (APEJ) region is anticipated to be the fastest growing region, yet has a lower market share by revenue as compared to North America. The main cause of APEJ to rise in this market is attributed towards the increasing disposable income and more riches opting ice skating as a recreational or leisure sport, thereby spurring the growth of the market in this region. APEJ region is anticipated to reflect a robust growth rate and poised to register a CAGR of 6% throughout the period of forecast.

Men Grow at the Same Rate as Kids do

The men segment and kids segment by demographics are poised to grow at a higher growth rate and at the same rate throughout the forecast period. However, the men segment dominates the global market by demographics in terms of higher market share. The women segment shows comparatively slow growth rate but a higher market share than the kids segment during the period 2017 to 2022. The men segment reflects the highest market share of 37.7% as of 2017 and its dominance is expected to continue till 2022.

Specialty Stores Segment Dominates the Market

The specialty stores segment is anticipated to grow at the highest growth rate to reflect a CAGR of 6% throughout the forecast period. Also, this segment shows higher market share by revenue and thus dominates the global market. It is also expected that this segment will gain the highest BPS by the end of 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global ice skating equipment market through 2022, which include EDEA srl., K2 Sports Europe GmbH, POWERSLIDE Sportartikelvertriebs GmbH, Riedell Shoes Inc., Roces Srl, Roller Derby Skate Corp., Rossignol Lange Srl, Tecnica Group SPA, Gracious Living Corporation and Tournament Sports Marketing Inc.

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About Fact.MR
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This release was published on openPR.