Ice Hockey Equipment Market Sales, Price, Revenue, Gross Margin and Share

 

• Ice hockey is among the fastest-growing sport across the globe and popularly played across North America and Europe
• The game is normally played in skating rinks. Apart from equipment such as hockey sticks, ice skates, and the puck, ice hockey also requires several protective gear such as helmets, shin pads, gloves, and shoulder pads.
• Increase in popularity of the sport influenced by ice hockey events such as Ice Hockey World Championship, World Cup of Hockey, and Stanley Cup is expected to encourage the youth to participate in the sport.

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The market in recent years has seen noteworthy research & development investments by key players in order to stay competitive

Rise in Participation and Development of Synthetic Ice Rinks to Drive the Market

• In recent years, the participation rate in ice hockey has increased substantially. Women players are key contributors to the market with participation of women having grown remarkably in the past couple of years.
• In addition, development of synthetic ice rinks across the globe has fueled the demand for ice hockey equipment. Prominent growth in solid polymer material (synthetic ice) rinks has enabled people in Asia and the Middle East to access the sport. The trend is expected to drive the market in the next few years.  

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Growth in E-commerce Industry to Bolster Online Sales of Ice Hockey Equipment

• The e-commerce industry is growing; this is due to rising penetration of myriad online platforms selling ice hockey equipment
• Rise in consumer confidence for online shopping is expected to boost the demand for online distribution channels

Higher Risk of Severe Injuries to Restrict Market Growth

• Ice hockey is highly susceptible to acute injuries, which in response impacts the participation of the general masses in the sport
• Thus, the high risk of injuries is likely to hinder the growth of the ice hockey equipment market during the forecast period

North America to Hold Leading Share of the Global Ice Hockey Equipment Market

• In terms of geography, the global ice hockey equipment market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Country and sub-region level analysis of North America region features the U.S., Canada, and Rest of North America. Analysis and forecast of the ice hockey equipment market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The ice hockey equipment market in South America is segmented into Brazil and Rest of South America.
• North America dominated the global market in 2018, owing to large number of participants in the U.S and Canada. Ice hockey originated in Canada, thus the region is a key contributor to the growth of the overall market.
• The market in Asia Pacific is projected to expand at a rapid pace, followed by Middle East & Africa and Europe during the forecast period.