The global ice skating equipment market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2023–2033.
The ice skating equipment market is poised at the intersection of tradition and innovation, offering a wide array of products tailored to both recreational and professional skaters. From figure skates to hockey gear, this market caters to the diverse needs of enthusiasts worldwide. As winter sports gain popularity and technological advancements continue to shape product offerings, the ice skating equipment market presents a compelling landscape of growth and opportunity.
Ice skating is a popular activity observed in numerous snow-clad regions around the world, serving various purposes including exercise, leisure, and excitement. This recreational pursuit can occur in specially prepared ice arenas as well as on naturally occurring frozen bodies of water.
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The global ice skating equipment market is shaped by several factors, including the availability of indoor ice skating rinks, a rising population engaging in ice skating for recreational and sporting purposes, expanding disposable incomes in both developed and emerging economies, a growing interest in ice skating sports, ongoing technological advancements facilitating innovations in ice skating equipment, and the proliferation of eco-friendly skating rinks.
Market Dynamics:
Several factors contribute to the dynamic growth of the ice skating equipment market. Firstly, the increasing participation in ice sports, fueled by the global rise of winter tourism and the growing popularity of televised skating competitions, drives demand for high-quality equipment. Additionally, advancements in materials science and design engineering have led to the development of lighter, more durable skates and accessories, enhancing performance and comfort for users across skill levels.
Moreover, the proliferation of online retail channels and e-commerce platforms has democratized access to ice skating equipment, making it easier for consumers to browse and purchase products from the comfort of their homes. This accessibility has expanded the market reach, allowing manufacturers and retailers to tap into new demographics and geographic regions previously underserved.
Top Vendors are:
Decathlon S.A.
Bauer Hockey, Inc.
Easton Hockey Inc.
Tournament Sports Marketing Inc.
Reebok-CCM Hockey Inc.
Roces Srl
Graf Skates AG
MIZUNO Corporation
Tecnica Group S.p.A.
Kimlinan Sports Products Co. Ltd.
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Product Segmentation:
The ice skating equipment market encompasses a diverse range of products, including ice skates, protective gear, apparel, and accessories. Figure skates, designed for elegant performances and intricate footwork, represent a significant segment within the market, catering to professional skaters, enthusiasts, and recreational users alike. Meanwhile, hockey equipment, including skates, sticks, helmets, and pads, caters to the fast-paced and physically demanding nature of the sport, appealing to players of all ages and skill levels.
Additionally, the market offers a variety of accessories such as blade sharpeners, skate guards, and equipment bags, catering to the maintenance and transport needs of users. Apparel, including thermal clothing and performance wear, completes the ensemble, providing warmth, flexibility, and style for skaters braving icy rinks.
Regional Outlook:
North America and Europe — Two Largest Markets for Ice Skating Equipment
North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global ice skating equipment market in terms of revenue share and is expected to grow at a steady growth rate. In addition to North America, Europe is also anticipated to offer steady growth opportunities to manufacturers during the assessment period.
Future Prospects:
Looking ahead, the ice skating equipment market is poised for continued growth and innovation. Technological advancements, including the integration of smart sensors for performance tracking and augmented reality for immersive training experiences, are expected to reshape the landscape of ice sports equipment. Furthermore, sustainability initiatives and eco-friendly materials are gaining traction, aligning with consumer preferences for environmentally conscious products.
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Competitive Analysis:
Amidst robust demand for ice skating equipment, major manufacturers are swiftly scaling up their capacities and geographical footprint. These manufacturers and suppliers are actively involved in optimizing materials, automating manufacturing technologies, and advancing product development initiatives. Moreover, to bolster their presence in emerging geographic clusters, companies are prioritizing the expansion of their sales offices and distribution hubs.
Recent News
Swiss Life Arena became Switzerland’s most modern ice hockey arena with Samsung Electronics’ installation of an upgraded display system. Swiss Life Arena now meets NHL standards, usually achieved only by North American arenas, thanks to Samsung’s innovative technology.
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