PUBLISHER: Grand View Research | PRODUCT CODE: 1493499
PUBLISHER: Grand View Research | PRODUCT CODE: 1493499
The North America ice hockey equipment market is anticipated to reach USD 1.95 billion by 2030, exhibiting a CAGR of 6.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of youth and amateur hockey leagues fuels the demand for ice hockey equipment. As more children and adults participate in organized hockey leagues, there is a corresponding increase in the need for reliable and safe equipment. Parents and players alike prioritize the quality and performance of gear, driving manufacturers to innovate and produce cutting-edge products to meet the evolving needs of players at various skill levels.
The professionalization of ice hockey further fuels the demand for top-tier protective gear. As the sport gains prominence at various levels, from local teams to national leagues, there is a corresponding elevation in the standards expected from equipment. Professional athletes serve as influential figures, setting trends and preferences that trickle down to amateur and youth players. This aspirational aspect drives individuals to invest in high-quality protective gear to emulate their favorite players and ensure they have the best equipment available for optimal performance and safety.
Furthermore, the rise of e-commerce has made hockey equipment more accessible to a broader audience. Online retail platforms provide convenience and a wide array of choices for consumers, enabling them to easily compare products, read reviews, and make informed purchasing decisions. This accessibility has expanded the market reach and facilitated the growth of both established and emerging brands in the North America ice hockey equipment market.
In response, several companies are launching ice hockey equipment to cater to the high demand. In November 2023, G8RTech, Inc., a U.S.-based company that offers specialized protective equipment, announced the launch of G8RSkin Ice. G8RSkin Ice is designed to significantly reduce the risk of injury to hockey players, especially concussions and lacerations. The product consists of a lightweight, cut-resistant collar and a balaclava-like shell.