The global ice hockey equipment market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.69 Billion by 2028, exhibiting a growth rate (CAGR) of 4.49% during 2023-2028. The increasing consumer interest, easy availability of ice hockey equipment via online retail channels, and initiatives by governing authorities to promote ice hockey as a professional winter sport represent some of the key factors driving the market.
Ice hockey is a team sports played between two teams of skaters on an ice rink using various equipment, such as a helmet, stick, skates, gloves, neck and chest protector, mouthguard, and leg, shin, and arm pads. Ice hockey equipment facilitates the play of the game and protect the bodies of the players from bruises and severe fractures. It offers support to the chest, ribs, abdominal nerve plexus, spine and shoulders against flying pucks and collisions. It also protects the ginglymoid joint and arm bones from sticks, skates, and falls. It is commonly available in various materials, types, and designs and offers customization options to meet the requirements of individuals. At present, there is a rise in the demand for ice hockey equipment across the globe due to the rising consumer interest in ice hockey.
Ice Hockey Equipment Market Trends:
At present, the increasing participation of individuals in recreational sports and fitness activities and the expanding number of ice hockey arenas are among the major factors driving the sales of ice hockey equipment around the world. Moreover, the rising awareness about the benefits of performing activities like ice hockey, which include improving focus and balance, promoting weight management, strengthening bones and muscles, and enhancing mental health, is favoring the market growth. In addition, the expanding number of ice hockey clubs, associations, and institutions is catalyzing the demand for ice hockey equipment. These clubs are also adopting ice hockey robots that can help players practice consistently to improve their speed and endurance for warm-up and training sessions in different competitions. Such advancements are increasing the utilization of ice hockey equipment worldwide. Apart from this, there is an ease in the availability of the equipment through offline and online retail channels that provide a wide range and secured payment methods. This, in confluence with the thriving e-commerce industry, is strengthening the growth of the market. Furthermore, governments of numerous countries are undertaking initiatives to promote ice hockey as a professional winter sport and increase public participation. Besides this, significant improvements in sports infrastructure are anticipated to provide a favorable outlook to the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global ice hockey equipment market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel, and end user.
Product Type Insights:
- Protective Wear
The report has provided a detailed breakup and analysis of the ice hockey equipment market based on the product type. This includes protective wear, sticks, skates, and others. According to the report, protective wear represented the largest segment.
Distribution Channel Insights:
- Online Retail Stores
- Offline Retail Stores
A detailed breakup and analysis of the ice hockey equipment market based on the distribution channel has also been provided in the report. This includes online and offline retail stores. According to the report, offline retail stores accounted for the largest market share.
End User Insights:
A detailed breakup and analysis of the ice hockey equipment market based on the end user has also been provided in the report. This includes individual, institutional, and promotional. According to the report, individuals accounted for the largest market share.
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for ice hockey equipment. Some of the factors driving the North America ice hockey equipment market included the increasing participation, expansion of ice hockey arenas, and the growing adoption of ice hockey robots.
The report has also provided a comprehensive analysis of the competitive landscape in the global ice hockey equipment market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
| Historical Period
||Product Type, Distribution Channel, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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), etc
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ice hockey equipment market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global ice hockey equipment market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ice hockey equipment industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.