Global Ice Hockey Equipment Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global ice hockey equipment market size reached USD 1.4 Billion in 2023.
- The market is expected to reach USD 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.92% during 2024-2032.
- North America leads the market, accounting for the largest ice hockey equipment market share.
- Protective wear accounts for the majority of the market share in the product type segment as it safeguards players from injuries during gameplay.
- Online retail holds the largest share in the ice hockey equipment industry.
- Individual remain a dominant segment in the market on account of rising preferences for ice hockey for entertainment purposes.
- The rising popularity of ice hockey is a primary driver of the ice hockey equipment market.
- Technological advancements and the increasing focus on player safety are reshaping the ice hockey equipment market.
Ice Hockey Equipment Industry Trends and Drivers:
- Growing Popularity of Ice Hockey:
The increasing popularity of ice hockey, particularly in key regions like North America and Europe, is one of the primary drivers of the market. Professional leagues are drawing the attention of a wider consumer base of different age groups. Youth and amateur leagues are expanding, which is further catalyzing the demand for ice hockey equipment. In line with this, the visibility of sports through television and online platforms is enhancing its appeal and leading to more people participating at both casual and competitive levels. The escalating demand for equipment like skates, helmets, and sticks due to the rising number of players is contributing to the market growth. This is encouraging equipment manufacturers to create products that cater to different skill levels, ranging from entry-level to professional grade.
- Rising Focus on Player Safety:
The growing emphasis on player safety in ice hockey on account of the increasing awareness among individuals about the risks involved in contact sports is offering a favorable market outlook. Players, parents, and leagues are prioritizing high-quality safety equipment to prevent concussions and other injuries. Helmets with enhanced concussion protection, reinforced shoulder pads, and improved padding materials are becoming standard for players of all levels. This focus on safety is encouraging manufacturers to innovate and develop gear that meets stricter safety standards, thereby driving demand for advanced protective products. As player safety becomes a critical concern, particularly for youth leagues, the market for protective gear sees continuous growth.
- Technological advancements:
Manufacturers are constantly improving the materials and construction of gear to make it lighter, stronger, and more comfortable. Innovations, such as carbon fiber sticks, moisture-wicking fabrics, and advanced protective gear, are appealing to both amateur and professional players. These advancements not only enhance player performance but also provide greater protection, addressing the growing emphasis on safety in the sport. In addition, the introduction of high-performance gear for all age groups, ranging from youth players to professionals, attracts a wider range of consumers. As technology continues to evolve, players are willing to invest in premium products that offer durability and improved functionality.
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Ice Hockey Equipment Market Report Segmentation:
Breakup By Product Type:
- Protective Wear
- Sticks
- Skates
- Others
Protective wear account for the majority of shares as it safeguards players from injuries during gameplay.
Breakup By Distribution Channel:
- Online Retail Stores
- Offline Retail Stores
Offline retail stores dominate the market due to the wide availability of equipment at one place.
Breakup By End User:
- Individual
- Institutional
- Promotional
Individual represents the majority of shares on account of rising preferences for ice hockey for entertainment purposes.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position owing to a large market for ice hockey equipment driven by the increasing number of professional leagues.
Top Ice Hockey Equipment Market Leaders: The ice hockey equipment market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- American Athletic Shoe Company
- Bauer Hockey LLC
- CCM Hockey AB
- Franklin Sports Inc.
- Garf Skates AG
- Sher-Wood Hockey Inc. (Canadian Tire Corporation)
- STX (Wm T. Burnett & Co. Inc.)
- True Temper Sport
- Warrior Sports (New Balance Athletics Inc)
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