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Ice Skating Equipment Market

Hockey Skates to Hold Over 40% Revenue Share in Global Ice Skating Equipment Market: Fact.MR Study

Published : 02 Dec 2021 Industry: Sports

Latest report published by Fact.MR, a market research and competitive intelligence provider, projects that sales of ice skating equipment will likely increase at a CAGR of 4% from 2021-2031, reaching a market valuation of US$ 1.2 Bn by 2031.

Innovations in equipment used in ice skating and exercise and health benefits derived from ice skating are having a positive impact on the sales of ice skating equipment.

Various government organizations have aided global market growth by ensuring sports education, providing incentives and subsidies to athletes, and arranging numerous sporting events. Safety precautions such as helmets and appropriate clothing are necessary in order to avoid hazards. Artificial arenas have been developed for ice skating for people who are at long distances from natural ice-clad regions.

All these aspects are triggering demand for ice skating equipment, consequently driving growth of the global market.

Key Takeaways from Market Study

  • Global ice skating equipment market to top US$ 1.2 Bn by 2031.
  • Hockey skates projected to reach around US$ 550 Mn by 2031.
  • Figure skates projected to record above 5% CAGR over next 10 years.
  • Market in North America holds share of more than 50%.
  • Market in Japan expected to reach valuation of US$ 60 Mn by 2031.
  • Market in Australia to record 3% CAGR over forecast period of 2021- 2031.

“With rising health and fitness awareness, the number of people participating in sports, including ice skating is also expanding. Individuals who desire to stay in shape are actively participating in sporting activities; this rate of participation is projected to boost ice skating equipment sales over the coming years,” says a Fact.MR analyst.

Market Competition

Major league firms in the ice skating equipment market are increasing their research & development (R&D) investments and expanding their distribution channels to maintain their market position.

Companies have seen tremendous sales growth by supplying innovative products combined with excellent marketing and distribution methods, resulting in a high level of sustainable competitive advantage through innovation.

Ice skating equipment manufacturers are also taking steps to expand their distribution networks to reach newer regional markets.

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the ice skating equipment market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of buyer type (individual, institutional, and promotional), product type (figure skates, hockey skates, racing skates, recreational skates, ice skating apparel, and ice skating protection accessories), and sales channel (direct to customer brand outlets, direct to customer institutional channels, direct to customer online channels, franchised sports outlets, independent sports outlets, modern trade channels, third party online channels, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

About the Sports Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned sports team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the sports industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Shubham Patidar

Fact.MR

Consultant – Sports Division

E-mail: Shubham@factmr.com

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Ice Skating Equipment Market

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Ice Skating Equipment Market Analysis By Product Type (Ice Figure Skates, Ice Hockey Skates, Ice Racing Skates), By Buyer Type (Individual, Institutional, Promotional), By Sales Channel (Online, Franchised Sports Outlets, Modern Trade Channels) - Regional Forecast 2021-2031