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Ice Hockey Apparel Market

Ice Hockey Apparel Market By Apparel Type (Jackets, Pants, Jersey/ T-Shirt, Cap), By Buyer Type (Individual, Institutional, Promotional), By Sales Channel (Independent Sports Outlet, Modern Trade Channels) & By Region - Global Market Insights 2023-2033

Analysis of Ice Hockey Apparel market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ice Hockey Apparel Market Outlook (2023-2033)

The global Ice Hockey Apparel market garnered a market value of US$ 470.14 Million in 2022 and is expected to accumulate a market value of US$ 723.76 Million by registering a CAGR of 4% in the forecast period 2023-2033. The market for Ice Hockey Apparel Registered a CAGR of 2.5% in the historical period 2018-2022.

Ice hockey has overcome all obstacles to become one of the most well-liked and wealthy professional sports leagues in the world despite being a seasonal sport. Ice hockey apparel has observed substantial demand in North America and Europe during the historical period.

The rising popularity of ice hockey has drawn the attention of the youth population which will be giving a positive trajectory to the target product market in near future. Also, tournaments like the Ice Hockey World Championship, World Cup of Hockey, and Stanley Cup are expected to give a great momentum to the target product market during the assessment period.

These aforementioned factors would facilitate the growth opportunity for the Ice Hockey Apparel market, which is projected to rise at a CAGR of 4% in terms of value over the forecast period 2023-2033.

Report Attributes

Details

Anticipated Base Year Value (2022)

US$ 470.14 Million

Expected Market Value (2023)

US$ 488.95 Million

Projected Forecast Value (2033)

US$ 723.76 Million

Global Growth Rate (2023-2033)

4% CAGR

Expected Growth Rate of European Market (2023)

4.7%

Expected Growth Rate of Middle Eastern Market (2023)

4.7%

Major Ice Hockey Apparel Service Providers

  • Adidas AG
  • Bauer Hockey Inc.
  • Don Simmons Sports Inc.
  • Easton Hockey, Inc.
  • Graf Skates AG
  • Montreal-Tackla Hockey Company
  • New Balance Inc.
  • Sherwood Athletics Group Inc.
  • Wm T. Burnett & Co., Inc.
  • Tecnica Group S.p.A.

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Sales Analysis of Ice Hockey Apparel (2018-2022) Vs. Market Forecast Outlook (2023-2033)

According to Fact.MR, the Ice Hockey Apparel market experienced growth of 2.5% CAGR in the historical period 2018-2022. The spread of coronavirus crippled the entire world. Nearly all countries imposed lockdowns and strict social distancing measures. This has resulted in the disruption of supply chains across geographies. These factors have significantly impacted the demand for Ice Hockey Apparel, at least in the short term.

However, in the long term, the impact on the Ice Hockey Apparel market is expected to continue its upward trajectory over the coming years. As the popularity of ice hockey gains traction in the global sports industry, companies manufacturing sporting goods & accessories are becoming more focused upon producing the apparels for the sport.

New designs for manufacturing ice hockey apparels are being introduced by companies. Several market players are adopting advanced materials to enhance the feel and comfort levels of ice hockey apparel and allow the users an ease of mobility.

Moreover, companies producing ice hockey apparels are consistently following the guidelines set by international sports industry regulatory bodies with respect to the use of protective apparel in ice hockey. Apparels with improved functions are being developed at high costs, creating a trend of premiumization in the global ice hockey apparel landscape. Thus, with growing modernisation and rising investments in sports across regions, the market is forecast to expand at a mammoth CAGR of 4% by value in the forecast period 2023-2033.

Ice Hockey Apparel Market

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Which are Some Prominent Drivers of the Ice Hockey Apparel Market?

Growing Popularity and Development of Ice Hockey as a Sport to Boost the Market Growth

The noticeable increase in ice hockey players as a result of the sport's rising popularity has significantly boosted sales of the ice hockey equipment in these regions. In the 2021/22 season, the United States had the most registered ice hockey players out of any country worldwide. According to the International Ice Hockey Federation, there were just over 551 thousand registered ice hockey players in the United States.

Another element that contributes to the target product market's good growth trajectory is the prevalence and expansion of women's ice hockey on a global scale. Furthermore, the government's supportive actions to promote ice hockey in an effort to spur interest and involvement in sports will help the target product's market growth.

The Public Health Agency of Canada (PHAC), for instance, has committed up to US$ 2 Million support to the national expansion of Western University's Hockey Fans in Training (Hockey FIT) program. By incorporating participants' adoration of hockey into the campaign, this program hopes to inspire Canadian adult males to eat better meals and be more active.

Know thy Competitors

Competitive landscape highlights only certain players
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What are the Challenges Faced by Ice Hockey Apparel?

Expensive nature of Ice Hockey Apparel hindering market growth

Spending on ice hockey apparel, including ice hockey equipment, is anticipated to decline as a result of rising inflation. Inflation also causes customers to adopt a more pessimistic behavioral pattern than an optimistic one, which has a direct impact on how much they spend on the desired product. As a result, the target market can experience growth difficulties.

Comparative View of Ice Hockey Apparel Markets

Ice Hockey Apparel Market :

Attributes

Ice Hockey Apparel Market

CAGR (2023-2033)

4%

Market Value (2033)

US$ 723.76 Million

Growth Factor

As the popularity of ice hockey gains traction in the global sports industry, companies manufacturing sporting goods & accessories are becoming more focused upon producing the apparels for the sport.

Opportunity

Penetration of international and local players is creating lucrative opportunities for the Ice Hockey Apparel market.

Sports Apparel Market :

Attributes

Sports Apparel Market

CAGR (2023-2033)

5.8%

Market Value (2033)

USD 362.3 Billion

Growth Factor

The aspiration to follow the up-to-date fashion trends and to maintain a sporty look is driving progress in the sports apparel market.

Opportunity

Manufacturers in the sports apparel market are paying greater attention to the design, comfort, and innovation by creating lucrative opportunities for the brands to introduce attractive and stylish sports apparels.

Sport Protection Equipment Market :

Attributes

Sport Protection Equipment Market

CAGR (2023-2033)

7%

Market Value (2033)

US$ 6 Billion

Growth Factor

Concerns over rising number and severity of sports injuries has led to higher awareness on the need to use protective equipment.

Opportunity

Sports protection equipment has gone the digital way, with manufacturers focusing on developing revolutionary sport protective equipment using sensors and materials that can provide better protection.

Regional Insights

What is Creating Lucrative Opportunities for the Ice Hockey Apparel Market in North America?

Expanding expenditure on outdoor activities influencing growth of market in North America

North America is estimated to dominate the Ice Hockey Apparel market share with a growth rate of 4.7%. The North America region shows a higher market attractiveness index and is considered to be the most lucrative region for the global Ice Hockey Apparel market. The rise of the sport in this region along with technological advancements and higher disposable incomes of people have contributed to the growth of the market in this region.

While Canada is still a major player on the global stage, the U.S. has made significant strides and provides another pool of players from which to choose. Due to greater sales in Canada, where ice hockey is the national sport, the market for ice hockey apparel will experience tremendous growth in the next few years. North America will thus come to dominate this market.

Significant prospects are presented by the region's eye-catching expansion of sports institutes and academies. The market in the region is projected to grow as a result of the government and end user businesses' exploratory efforts such as “try hockey for free day”, which is an initiative to attract youth towards the game. In addition, sales of ice hockey apparel in the United States have a lot of potential in the upcoming years due to advancements in safety standards and technologies as well as new legislation in the country.

The North America region has shown higher market share by revenue and is expected to follow this trend by the end of 2023, poised to register a moderate CAGR during the period of forecast.

What are the Factors Bolstering Demand for Ice Hockey Apparel in Asia Pacific?

Higher popularity of ice hockey in the region boosting market demand

By the end of 2033, the Asia Pacific ice hockey apparel market is anticipated to grow with a CAGR of 5.4% during the assessment period.

During the projection period, the market in Asia Pacific is anticipated to pace rapidly, followed by the MEA and Europe. With substantial spending on leisure activities and a consequent rise in ice hockey popularity in China, South Korea, Japan, Australia, New Zealand, and India, Asia Pacific is considered as a growing market.

Increasing accessibility of the sport and consequent increase in interest of the population in ice hockey in Asia Pacific region is expected to offer the most lucrative growth opportunities for the market growth.

Category-Wise Insights

Which Sales Channel of Ice Hockey Apparel is Propelling the Maximum Growth?

Third party online stores to propel maximum growth

By 2033, ice hockey product sales through third party online stores are anticipated to increase at a remarkable CAGR of 7.4%.

For manufacturers of ice hockey apparel, new growth opportunities are being opened up by consumer demand for buying products through a variety of online stores. The availability of top ice hockey apparel brands across e-commerce platforms has been gaining substantial momentum, even though sales through ice hockey product stores still have a strong influence on growth.

By product, which segment is highly benefitting the market growth?

Jackets used in ice hockey benefitting the sales of the market

While the overall ice hockey apparel market expands at a normal pace, jackets will continue to be a top-selling apparel through 2033. The report also reveals that the sales of ice hockey jerseys/t-shirts will gain fastest traction by registering a value of 2.9% over the forecast period.

By Buyer, which type of buyer is helping the market grow positively?

Individual Buyers to surge the demand for ice hockey apparel

With respect to the buyers, ice hockey apparels bought by individuals will bring more than 66% of the overall market revenues towards the end of the forecast period. The report further estimates that in 2022, more than US$ 120 Mn worth of ice hockey apparels were sold to institutional buyers.

Start-Ups for Ice Hockey Apparel Market

Key start-up players in the Ice Hockey Apparel market include-

  • Oneiric develops innovative base layer apparel for hockey players with patented performance, safety, and convenience features. Their flagship products help players get dressed faster, hold shin pads secure so they don’t move around during play for better performance, and have added protection in areas that are left exposed by hockey equipment that is currently on the market.
  • ASKJA creates innovative protective sports gear to help prevent injuries during games. With products currently used in hockey (NHL, AHL, USHL, NCAA) and soon to be baseball (MLB), and cricket, ASKJA has developed leading protective gear in both head protection, helmets, and foot protection. ASKJA started with the design of its hockey goalie mask and after presenting the helmet tech to teams, an immediate need for foot protection was found and the company was tasked to come up with a solution.

Market Competition

The industry is characterized by the presence of a few established players and new entrants. Key companies are diversifying their product offering to maintain their share and position in the global industry. Some of the key developments include-

  • In October 2022, the NHL and Adidas collaborated to launch their first league-wide alternate jersey programme under the Reverse Retro moniker two years ago, and a new iteration has just been introduced including 32 new designs. Fans can now choose from a set of 32 designs that imaginatively merge nostalgic pieces of the past with brand-new elements owing to the addition of the Seattle Kraken expansion to the mix.

Key Segments Profiled in the Ice Hockey Apparel Industry Survey

 

  • By Apparel Type :

    • Jackets
    • Pants
    • Jersey/ T-Shirt
    • Cap
    • Socks
    • Apparel Accessories

    By Sales Channel :

    • Independent Sports Outlet
    • Franchised Sports Outlet
    • Modern Trade Channels
    • Direct to Customer Brand Outlet
    • Direct to Customer Online Channel
    • Direct to Customer Institutional Channel
    • Third Party Online Channel
  • By Buyer Type :

    • Individual
    • Institutional
    • Promotional
  • By Region :

    • North America
    • Latin America
    • Europe
    • Japan
    • APEJ
    • MEA

- Premium Report Details -

Ice Hockey Apparel Market
  • FACT412MR
  • Dec-2022
  • Sports
  • 170 Pages
  • 158 Tables
  • 120 Figures

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Fact.MR foresees Ice Hockey Apparel demand to reach US$ 488.95 Million in 2023.

In 2033, Ice Hockey Apparel market worth is poised to reach US$ 723.76 Million.

From 2023-2033, Fact.MR expects Ice Hockey Apparel revenue to flourish at a 4% CAGR.

As of 2022, the Ice Hockey Apparel market was worth US$ 470.14 Million.

North America is estimated to dominate the Ice Hockey Apparel market share with a growth rate of 4.7%.

Ice hockey apparel market is anticipated to grow with a CAGR of 5.4% during the assessment period.

Third party online channel segment by sales channel is expected to show higher growth rate during the forecast period.

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