PUBLISHER: The Business Research Company | PRODUCT CODE: 1428241
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428241
Ice skating equipment encompasses specialized gear and accessories utilized by individuals engaging in ice skating activities. The purpose of this equipment is to offer comfort, support, and safety, thereby improving performance on the ice. It includes a variety of items tailored to facilitate smooth and controlled movement during ice skating.
The primary categories of ice-skating equipment consist of accessories, apparel, figure skates, hockey skates, racing skates, and recreational skates. Accessories within ice skating equipment serve diverse purposes, contributing additional functionality, comfort, and convenience to skaters. This, in turn, enhances the overall skating experience, promotes safety, and helps preserve the condition of the equipment. These products are available through various channels, including sporting goods retailers, hypermarkets, supermarkets, department stores, and online retail platforms. The target audience for these items encompasses professional users, personal or recreational users, and sports trainers.
The ice-skating equipment research report is one of a series of new reports from The Business Research Company that provides ice skating equipment market statistics, including the ice-skating equipment industry's global market size, regional shares, competitors with ice skating equipment market share, detailed ice-skating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ice-skating equipment industry. This ice-skating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ice skating equipment market size has grown rapidly in recent years. It will grow from $6.29 billion in 2023 to $6.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The historical period's growth can be credited to advancements in ice skate design and technology, the impact of professional ice skating competitions, the expansion of recreational ice skating activities, increased economic prosperity, and higher levels of disposable income, as well as trends in fashion relating to ice skating apparel.
The ice skating equipment market size is expected to see strong growth in the next few years. It will grow to $9.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be ascribed to the availability of ice skating lessons and training programs, the rise in winter tourism and the corresponding seasonal demand for equipment, the expansion of both indoor and outdoor skating facilities, the trend toward customization and personalization of ice skating gear, and the growing participation in figure skating and ice dance.
The anticipated growth in the ice-skating equipment market is expected to be propelled by the increasing popularity of ice-skating sports. Ice-skating sports encompass various athletic activities performed on ice surfaces using ice skates. The significance of ice-skating equipment in these sports lies in its direct impact on the skater's performance, comfort, and safety. Ice-skating equipment is essential for enhancing balance, stability, grip, implementation, as well as maintenance and care. A noteworthy example is the U.S. Synchronized Skating Championships in Colorado Springs in 2022, which attracted 93 teams. This event marked a substantial increase, with over 180,000 skaters registered with U.S. Figure Skating after 90 years, and club associations surpassing 700. Consequently, the rising popularity of ice-skating sports is a driving force behind the growth of ice-skating equipment.
The growing awareness about health and fitness is poised to contribute to the expansion of the ice-skating equipment market. Health and fitness awareness involves individuals recognizing the importance of maintaining a healthy lifestyle, encompassing physical activity, proper nutrition, and overall well-being. Ice-skating emerges as a beneficial activity in promoting health and fitness, engaging various muscle groups, particularly in the legs, core, and back, leading to toned muscles and improved overall strength. As of June 2023, according to the Outdoor Participation Trend report by the Outdoor Industry Association (OIA), the outdoor recreation participant base increased by 2.3% in 2022, reaching a record 168.1 million participants compared to 164.2 million in 2021. This represents 55% of the U.S. population aged six and older. Therefore, the growing awareness about health and fitness is a significant factor driving the growth of the ice-skating equipment market.
Technological advancements emerge as a prominent trend gaining traction in the ice-skating equipment market, with major companies in the sector embracing modern technologies to maintain their market standing. A notable example is Alien Kinetics LLC, a Canada-based sports goods manufacturing company, which introduced the Driblades off-ice training technology in December 2022. This innovation aims to expedite the development of children into balanced, more vital, and confident skaters. The Driblades for Children program, a pioneering initiative, facilitates off-ice training to enhance on-ice skating skills for youngsters and new skaters. Available in various sizes, Driblades provides a comprehensive solution to boost confidence in skaters.
Major players in the ice-skating equipment market are focusing on the development of innovative products such as entry-level skate sets to cater to broader customer bases, boost sales, and augment revenue. An entry-level skate set is a foundational package designed for basic or beginner-level skating, incorporating essential components for both ice and roller skating. Riedell Skates, a US-based ice skate manufacturer, introduced the Horizon skate set in October 2023. Tailored especially for beginners and recreational skaters seeking value-priced equipment, Horizon features a modern ergonomic toe fit for instant comfort, a soft liner, rolled collar, and supportive cushion for an enjoyable skating experience. The synthetic uppers offer durability and light support, complemented by a split tongue design for enhanced stability, while the stainless-steel blade ensures smooth edges for effortless gliding.
In August 2021, Bauer Hockey, a US-based ice hockey equipment manufacturer, acquired PROSHARP AB for an undisclosed amount. This strategic move enables Bauer Hockey to expand its expertise and market position in the realm of field hockey skates. The collaboration with PROSHARP enhances the overall skate performance, service offerings, and on-ice and in-store experiences with the esteemed PROSHARP brand. PROSHARP AB, based in Sweden, is recognized as a manufacturer of ice-skating equipment.
Major companies operating in the ice skating equipment market report are Decathlon SA., Mizuno Corporation, Tecnica Group S.p.A., K2 Sports LLC., Wilson Skates, Bauer Hockey Inc., Reebok-CCM Hockey Inc., Riedell Shoe Inc., Mondor Skating, Rollerblade Inc., Easton Hockey Inc., EDEA srl, A and R Sports, MK Blades, Roces S.p.A., Apex Skating Inc., Cougar Sports, Powerslide, Graf Skates AG, Absolute Athletics LLC., Tournament Sports Marketing Inc., Jackson Ultima Skates, Statewood International Co. Ltd.,Triple Power Sports Products Inc., American Athletic Shoe Co., SkatingSafe, Kinzies Closet, Ice Zone Sports Inc., Risport Skates, SP-Teri Inc.
North America was the largest region in the ice-staking equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ice skating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ice skating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The ice-skating equipment market consists of sales of speed skating blades, hockey sticks, ice skating tights, and skate guards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ice Skating Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ice skating equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ice skating equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ice skating equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.