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Ice Skating Equipment Market

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

Analysis of Ice Skating Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ice Skating Equipment Market Outlook

The global ice skating equipment market was valued at around US$ 800 Mn in 2020, which amounts to around 1% share of the overall sports equipment market, as per detailed industry analysis by Fact.MR.

Ice Skating Equipment Market Size in 2020 US$ 800 Mn
Sales Forecast for Ice Skating Equipment by 2031 US$ 1.2 Bn
Global Market Growth Rate (2021 to 2031) 4% CAGR
Market Share Top 5 Ice Skating Equipment Manufacturers 40%

Sales of ice skating equipment are slated to accelerate at a CAGR of 4% to top US$ 1.2 Bn by 2031. Demand for ice hockey skates is high when compared to all other ice skating gear, and is set to surge at a CAGR of 6% across the assessment period of 2021 to 2031

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Revenue Analysis of Ice Skating Equipment (2016-2020) Vs Market Outlook (2021 to 2031)

As per Fact.MR, a market research and competitive intelligence provider, the global market for ice skating equipment was valued at US$ 800 Mn in 2020.

In recent years, winter sports have undergone significant changes. While success differs by location, developments in freezing technology and growing popularity of ice skating sports are thought to be important factors driving sales of ice skating accessories.

Development of advanced waterless ice skating rinks is expected to further drive the popularity of ice skating over the coming years. Such technologies greatly reduce the overall cost of maintenance of the rinks.

Growing demand for ice skating products, rising sales of ice skates, and increasing use of hockey skates are expected to boost overall market growth.

Ice skating takes place in many snow-clad regions. It is done for various reasons such as exercise, leisure, thrill, etc. This activity can take place both, on specially prepared ice surfaces/arenas and also on natural frozen water bodies.

High presence of ice skating equipment manufacturers, increasing population opting for ice skating as a sport of thrill and leisure, and growing disposable income are driving market growth.

All of these factors are expected to drive the market at 4% CAGR across the 2021 to 2031 forecast period.

Ice Skating Equipment Market

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Which are the Growth Determinants of the Market for Ice Skating Equipment?

Numerous sports categories have come out from ice skating, namely, figure skating, speed, and hockey skating. Amateur-level participation in these sports as a recreational activity has increased owing to the element of distinct experience and enjoyment they offer.

At the same time, individuals are also taking up ice skating sports as a career. Ice skating can be enjoyed as a leisure or competitive recreational activity. Increased participation has fueled the demand for ice skating accessories.

Moreover, increasing focus on developing eco-friendly skating rinks is likely to influence the popularity of hockey skates as well.  Increasing participation in ice skating as a recreational activity is expected to propel the demand for ice skates.

Governments in various countries are investing heavily to boost their tourism sector, which is resulting in the development of theme parks and fun parks where ice skating rinks and other ice skating facilities remain a major tourist attraction. 

The aforementioned factors are expected to influence ice skating apparel sales over the forecast period.

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What Barriers are being Faced by Ice Skating Equipment Manufacturers?

Considering the nature of sports, injuries are a typical occurrence in ice skating. As a result, ice skating products are required for all skaters. When ice skating, there are various major concerns to consider, and these risks should be addressed carefully.

Some of the most common injuries linked with ice and figure skating include ACL tears, ankle sprains and fractures, head injuries, lacerations, and hand and wrist injuries. Skaters who only skate on occasion are more likely to sustain such injuries.

Many frequent skating injuries can be avoided by just using the necessary equipment, which includes high-quality skates, appropriate clothes, and helmets.

Rinks are essentially run by artificial refrigeration, which consumes a tremendous amount of energy. Furthermore, waterless rinks with artificial ice are still costly and may not be feasible for some operators.

Although melt-free alternatives or synthetic ice can save money on upkeep, they may not provide the same skating pleasure or sensation as real ice. Such factors are projected to have an impact on the worldwide ice skates market.

Which Regional Market is the Most Profitable for Ice Skating Equipment Suppliers?

North America remains at the forefront of global ice skating gear demand. Revenue in the North American regional market is projected to expand 1.2X by 2031.

Excellent conditions coupled with widespread popularity of figure skating is fueling the demand for ice skating products in the region.

Ice skating is viewed as a prominent winter time recreational activity in the region. Over the years, ice skating has diversified into various types of recreational activities, which also created the need for special equipment and gear. Right from blades to clothing, designs have continuously changed. 

In North America, easy availability of the latest and diverse range of equipment will continue to drive the popularity of ice skating.

Ice skating equipment market regional analysis 2021-2031 by Fact.MR

Country-wise Analysis

What is the Demand Outlook for Ice Skating Equipment in the U.S.?

The U.S. market for ice skating equipment is the largest in North America and is expected to increase 1.4X by 2031.

The U.S. is not far behind when it comes to ice skating, adequate condition in many of the states has augured well for the wintertime activity. Also, existence of popular sports clubs for ice hockey and figure skating has continued to draw people’s attention toward ice skating in the U.S.

Ice skating is extremely popular in the country. It is one of the most looked-for recreational activities among the people in the U.S. during the winter season.  Therefore, there is a considerable demand for ice skating equipment in the country. 

There is a high number of active and passive participation in skating competitions. The viewership for competitive skating events is high in the country.

Why is China a Rapidly Rising Market for Ice Skating Supplies?

Figure skating is a celebrated sporting activity in the country, which accounts for both high viewership and active participation. Tremendous attraction towards ice skating is expected to support the ice skating equipment market in China.

Popularity of ice skating sports such as figure skating and speed skating is on the rise in China. Increasing demand for recreational skates and rising sales of racing skates are driving the market growth in China.

Growing consumer interest in Western culture is likely to have a positive impact on ice skating and ice skating clothing & equipment in China. Development of rinks with artificial ice in China is expected to increase the participation rate over the coming years.

Category-wise Insights

Why are Hockey Skates in Such High Demand across Geographies?

Demand for hockey skates is expected to increase by 2.2X over the forecast period. Hockey skates segment by product type shows dominance in terms of higher market share. It is poised to grow at a moderate growth rate.

Changing trends in the sports industry and increasing number of ice hockey clubs and ice rinks, and large number of players are expected to boost the demand for hockey skates.

Most individuals are indulging in ice hockey as a recreational hobby or a modern sport for fitness and media is making a greater impact on the rising participation in ice hockey around the world.

How are Modern Trade Channels Turning Out to Be Lucrative for Ice Skating Equipment Sales?

Sales of ice skating equipment continue to remain robust through modern trade channels. In addition to modern sales channels, demand is also growing through third-party online channels.

Consumer preference for purchasing ice skating equipment through modern trade channels is creating new growth avenues for ice skating equipment companies.

It is likely that modern trade will continue to be the most prominent sales channel throughout the assessment period, whereas sales are anticipated to grow at a brisk pace through the online channel.

COVID-19 Impact on Industry

Coronavirus has caused damage worldwide. Lockdowns and strong social distancing measures have been implemented in nearly every country. As a result, the supply chain has been disrupted.

Ice rinks for ice hockey were closed as a result of social distancing instructions. These factors have had a substantial impact on the ice skating equipment & gear market.

Competitive Landscape

Key ice skating equipment suppliers are expanding rapidly, both in terms of production capacity and manufacturing locations, in order to acquire a foothold in the face of strong product demand.

Material optimization, manufacturing technological automation, and product development are all things that ice skate manufacturers & suppliers are involved in.

Furthermore, more emphasis has been laid on company expansion through the establishment of new sales offices and distribution hubs in order to strengthen presence in new and possible geographic clusters.

Ice Skating Equipment Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn, Volume in Units
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Buyer Type
  • Product Type
  • Sales Channel
  • Region
Key Companies Profiled
Pricing Available upon Request

Key Segments Covered in Ice Skating Equipment Industry Research

  • Buyer Type

    • Individual
    • Institutional
    • Promotional
  • Product Type

    • Ice Figure Skates
    • Ice Hockey Skates
    • Ice Racing Skates
    • Recreational Ice Skates
    • Ice Skating Apparels
    • Ice Skating Protection Accessories
      • Ice Skating Gloves
      • Ice Skating Jackets
      • Ice Skating Pants
      • Ice Skating Pads
      • Ice Skating Helmets
  • 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
    • Others
      • Online Sales of Ice Skating Equipment
      • Online Sales of Ice Skating Accessories
      • Offline Sales of Ice Skating Accessories
      • Offline Sales of Ice Skating Equipment

- Premium Report Details -

Ice Skating Equipment Market
  • FACT227MR
  • Dec-2021
  • Sports
  • 170 Pages
  • 131 Tables
  • 99 Figures

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The global ice skating equipment market is currently worth more than US$ 800 Mn.

From 2016-2020, around 2% CAGR was witnessed for ice skating equipment demand.

Advanced waterless ice skating rinks as well as growing ice sport participants are key trends that are driving the sales of ice skating equipment.

Sales of ice skating equipment in Russia are forecasted to top US$ 90 Mn by 2031.

Key manufacturers of ice skating equipment are Decathlon S.A., Bauer Hockey, Inc., Easton Hockey Inc., Tournament Sports Marketing Inc., and Reebok-CCM Hockey Inc.

With 50% share, North America will largely contribute to the growth of ice skating equipment revenue.

Ice skating equipment sales in Germany are expected to rise at a CAGR of 4% over the forecast period of 2021 to 2031.

Hockey skates account for a share of 40% in the market.

The U.S., China, Japan, Germany, and Russia are expected to drive most of the demand for ice skating equipment.

The global market is expected to expand at a CAGR of 4% over the forecast period of 2021 to 2031.

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