USD 2.06 Billion
Report ID:
SQMIG25J2083 |
Region:
Global |
Published Date: January, 2025
Pages:
182
|Tables:
90
|Figures:
71
Global Ice Hockey Equipment Market size was valued at USD 2.06 Billion in 2023 and is poised to grow from USD 2.19 Billion in 2024 to USD 3.55 Billion by 2032, growing at a CAGR of 6.2% in the forecast period (2025-2032).
The global ice hockey equipment market growth is driven by several factors. The growing appeal of ice hockey across the globe, mainly because more people watch international competitions such as the Stanley Cup, World Championships, and Winter Olympics, is one of the main causes. These events encourage young players to take up ice hockey and increase awareness of the sport, which in turn increases demand for the equipment needed. Another factor that has contributed to increasing exposure and interest in ice hockey, especially among the younger generation, has been the growing practice of celebrity endorsements and famous players promoting the sport.
The other important factor is the availability of synthetic ice hockey rinks. As they are cheaper and easier to establish than traditional ice rinks, amateur and professional players can now play the sport. Training facilities, ice hockey leagues, and recreational play have increased as a result, and this has driven up demand for hockey equipment, including sticks, skates, and protective gear. The main drawbacks of high-quality equipment are its expensive price and the difficulties in maintaining ice rinks, particularly in the areas that do not enjoy cold temperatures. Apart from this, the market's abundance of fake or subpar goods may become an issue for high-end equipment firms. However, these changing trends and variables are predicted to grow the market significantly despite these drawbacks.
Market snapshot - (2025-2032)
Global Market Size
USD 2.06 Billion
Largest Segment
Offline
Fastest Growth
Online
Growth Rate
6.2% CAGR
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The global ice hockey equipment market is segmented into product, distribution channel, end user, and region. By product, the market is divided into protective wear, sticks, skates, and others. Depending on distribution channel, it is bifurcated into offline and online. According to end user, the market is professional players, amateur & semi-professional players, youth players, and recreational players. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
As per the 2024 global ice hockey equipment market analysis, the sticks segment was the highest, at 38.7%. A hockey stick is the most important thing for playing ice hockey, and the design and building material of it has undergone an enormous change over time. Earlier, players were using wooden sticks. However, those were changed by more rugged aluminum sticks. Players use composite-material sticks made up of fiberglass, carbon fiber, and boron fiber. Although more expensive compared to aluminum and wood sticks, these materials grant players the needful strength along with ease in maneuverability; this is due to their lightweight characteristics and elastic potential energy. Ice hockey professionals always change their stick at least once in two years thus creating a sustained demand for such a market though mainly in Europe and North America.
The skates segment is supposed to witness significant growth during the forecasted period at an impressive CAGR. Ice hockey skates include boots, laces, a blade, and a blade holder. The design and specifications of the goalkeeper's and player's skates are different. Boots in them are made from molded plastic, giving them the required shape and strength. The players keep changing their skates as they are in contact with the hard ice surface and require continuous sharpening of blades to gain optimum speed and mobility. In addition, since players grow taller and heavier, they need to change skates as their feet develop. This creates a constant demand for this segment in the market.
Based on the 2024 global ice hockey equipment market forecast, the offline category was the market leader. Ice hockey equipment, especially protective gear, needs to fit perfectly to perform and ensure safety. Skates and sticks are prepared by experts according to the shape and size of the players. Offline stores enable customers to interact with knowledgeable salespeople who can guide them on proper sizing and selection according to individual needs. The quality and construction of ice hockey equipment are better appraised through the sense of touch in a physical outlet. Players compare factors such as weight, flex, and composition, which contribute to a perceived higher value and trust in a purchasing decision. This is a factor that has contributed to an advantage for the offline segment of this market.
In contrast, the online segment will be expected to expand at the highest CAGR over the next forecast period. This is due to the high dispersal of e-commerce stores across the globe. Among the limitations of offline stores is that the customer has to move to the respective store to acquire the physical product. Online stores facilitate comfort in shopping at home. In addition, technology has also advanced to enable customers to pick the correct size of equipment from their smartphones through 3D and Lidar scanning. These developments and a wide range of products offered at competitive pricing are expected to fuel this segment's growth.
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North America had the largest revenue share in 2024. Ice hockey is extremely popular in North America, especially in Canada, which is the national sport. The U.S. and Canada have comprehensive league systems that cater to all age groups, from youth programs to adult recreational leagues. Well-established professional leagues such as the National Hockey League in the U.S. and Canada increase participation from the newer generation of players. The requirement for safety gear to avoid injuries to vital body parts while playing has, therefore, led to steady market growth in this region.
Ice hockey is a traditional sport in many European countries such as Sweden, Finland, Russia, and the Czech Republic. This sport is entrenched in the cultures of these nations and has leagues which are long-established with passionate fans. This is why this region is expected to showcase notable growth in the coming years. As this sport takes on more importance in new markets in emerging European countries, such as Eastern Europe, its equipment demand is sure to escalate. The rise in the number of young players participating in ice hockey and the growth of professional leagues and grass-root initiatives will continue to propel the market to new heights. Thus, the future will witness strong expansions in these markets in Europe.
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Increasing Interest in Ice Hockey
Technological Developments in Equipment
Inadequate Knowledge in the Developing Markets
Risks of Injury and Safety Issues
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Bauer, CCM, Warrior, and True Hockey, among other top-notch, high-performing brands of ice hockey equipment, have commanded competitive terrain. These firms are focusing on increased comfort, security, and ruggedness to accommodate the increasing pros and amateurs. Competitive rivalry increases, as smaller and niche players offer specialized and sustainable products. Increased rivalry arises because of sponsorship or endorsement, together with online sale platforms.
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As per SkyQuest analysis, the global ice hockey equipment market is expected to grow substantially because of the sport's increasing popularity on a global scale, particularly due to major competitions such as the Stanley Cup and the Winter Olympics. Demand is also driven by increasing youth participation and advances in equipment technology, which enhance player performance and safety. The business is also being assisted by the development of artificial ice rinks in terms of making the activity accessible to more people. However, expensive equipment and a low level of awareness in developing regions could act as a hindrance to expansion. Despite these challenges, continued innovation, strategic partnerships, and rising demand for eco-friendly green products are supporting the market's strong potential.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.06 Billion |
Market size value in 2032 | USD 3.55 Billion |
Growth Rate | 6.2% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Ice Hockey Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ice Hockey Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ice Hockey Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ice Hockey Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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