Ice Hockey Equipment Market Growth 2023- Global Industry Size-Share, Emerging Trends, Revenue, Key Manufacturers, Business Opportunities and Future Investment Report 2033: SPER Market Research
Ice hockey is played on an ice rink between two teams of skaters who are outfitted with protective gear such as a helmet, stick, skates, gloves, neck and chest guards, mouthguards, and leg, shin, and arm padding. Ice hockey gear facilitates gameplay and shields players’ bodies from serious fractures and bruising. It shields the spine and shoulders from flying pucks and collisions, as well as the chest, ribs, abdominal nerve plexus, and shoulders. Additionally, it guards against being struck by sticks, skates, or falling, protecting the ginglymoid joint and arm bones. Typically, it comes in a range of types, designs, and materials, and there are customization options to meet specific requirements.
According to SPER market research, ‘Ice Hockey Equipment Market Size- By Product Type, By Distribution, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Ice Hockey Equipment Market is predicted to reach USD 2.19 billion by 2033 with a CAGR of 5.34%.
Increased participation in recreational sports and fitness activities, as well as an increase in the number of ice hockey arenas, are among the principal causes driving ice hockey equipment sales worldwide. Furthermore, greater awareness of the benefits of participation in activities like ice hockey, such as improving attention and balance, weight management, bone and muscular strength, and mental health, is favoring market expansion. Furthermore, the expanding number of ice hockey clubs, organizations, and institutions is fueling ice hockey equipment demand. In addition, these teams are introducing ice hockey robots to help players improve their speed and endurance during warm-up and training sessions in various competitions.
One of the biggest challenges, which may restrict access and participation, especially among younger and less wealthy players, is the high cost of premium ice hockey equipment. Additionally, there is fierce competition in the market between well-known brands and emerging companies. In order to comply with safety requirements, manufacturers must find a compromise between price and cutting-edge technology. A further degree of complication is added when environmental concerns increase by the demand for ecologically friendly and sustainable production methods. The dynamic ice hockey equipment industry requires strategic innovation, savvy marketing, and a clear awareness of shifting consumer tastes to overcome these obstacles and capitalize on opportunities.
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Impact of COVID-19 on Ice Hockey Equipment Market
The COVID-19 epidemic had a significant impact on the global ice hockey equipment industry. The extensive lockdowns, travel restrictions, and cancellation of sporting activities resulted in a significant drop in demand for ice hockey equipment. Due to the closure of rinks and the suspension of organized leagues, both amateur and professional players had fewer opportunities to participate in the sport, resulting in decreasing sales of hockey equipment such as skates, sticks, protective gear, and apparel.
Manufacturing and supply chains were also disrupted by lockdowns and restrictions, making it more difficult to build and deliver equipment. Furthermore, the economic uncertainty generated by the outbreak pushed buyers to reduce discretionary expenditure, particularly on sporting goods.
Ice Hockey Equipment Market Key Players:
Geographically, Regional trends influence the dynamics and growth patterns of the global ice hockey equipment market. North America is a dominating player in this market, owing to the sport’s widespread appeal in nations such as the United States and Canada. The high level of amateur and professional ice hockey participation stimulates the demand for a wide range of equipment such as skates, sticks, helmets, and protective gear.
Countries in Europe with a great ice hockey tradition, such as Sweden, Finland, Russia, and the Czech Republic, contribute heavily to the regional market. The presence of well-established leagues and a devoted fan base ensures a steady demand for high-quality gear. Additionally, some of the market key players are Garf Skates AG, Sher-Wood Hockey Inc. (Canadian Tire Corporation), STX (Wm T. Burnett & Co. Inc.).
Ice Hockey Equipment Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Global Ice Hockey Equipment Market is segmented as; Protective Wear, Sticks, Skates, Others.
By Distribution Channel: Based on the Distribution Channel, Global Ice Hockey Equipment Market is segmented as; Online Retail Stores, Offline Retail Stores.
By End User: Based on the End User, Global Ice Hockey Equipment Market is segmented as; Individual, Institutional, Promotional.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Ice Hockey Equipment Market Future Growth
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