
Report ID: SQMIG25J2090
Report ID:
SQMIG25J2090 |
Region:
Global |
Published Date: January, 2025
Pages:
182
|
Tables:
90 |
Figures:
71
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REQUEST FREE CUSTOMIZATIONGlobal 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).
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. 'Bauer Hockey', 'CCM Hockey', 'Warrior Hockey', 'True Hockey', 'Easton Hockey', 'Reebok Hockey', 'Graf Skate', 'Sherwood Hockey', 'Nike Bauer', 'STX Hockey', 'Howie's Hockey Tape', 'Mission Hockey', 'Mylec', 'Bauer Performance Sports', 'Franklin Sports'
The growing interest and participation in ice hockey is driving the market significantly. Major international competitions, such as the Winter Olympics and the IIHF World Championships, fuel this growth. The fan base is increasing, and participation is also rising as sport expands into non-traditional areas such as Asia and the Middle East. Professional leagues emerging in developing economies boost demand for hockey equipment and fuel market growth further.
Development of Artificial Ice Rinks: Due to the cost-effectiveness and lesser maintenance, synthetic ice rinks are increasingly becoming popular. Synthetic rinks offer the greatest appeal in regions with moderate temperatures or where normal ice rinks are not feasible. They provide an accessible and environmentally friendly alternative for training and recreational play. The sales of ice hockey equipment, such as sticks and skates, will greatly surge with increased patronage and participation in the sport by both players and venues adopting synthetic rinks.
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.
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Report ID: SQMIG25J2090