What Is The Current and Historic Market Size Analysis Of The Ice Hockey Equipment Market?
The ice hockey equipment market has seen considerable growth due to a variety of factors.
•In the past few years, the ice hockey equipment market has seen a consistent increase in size. It is predicted to expand from $1.66 billion in 2024 to $1.72 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.5%.
The previous growth can be credited to the rising popularity and participation in the sport, the impact of professional leagues, demographic changes, and an increase in disposable income.
What Are The Predictions for The Ice Hockey Equipment Market Size In The Coming Years?
The ice hockey equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for ice hockey equipment is predicted to witness consistent expansion in the upcoming years, reaching a value of $2.08 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%.
The projected growth within this period is associated with factors such as rising involvement of youth, global expansion, revolutionary equipment designs, growth in women's hockey, and health and fitness concerns. Major trends forecasted for this period include the use of sustainable methods in equipment production, customization and personalization of gear, incorporation of technology, emphasis on safety and preventing injuries, as well as the impact of fashion and style.
Which Key Drivers Are Propelling The Ice Hockey Equipment Market's Growth?
The ice hockey equipment market is projected to expand due to the rising interest of individuals in recreational sports. These sports are physical games and activities pursued for leisure, pleasure, and relaxation rather than competitive or professional purposes. The role of ice hockey equipment in recreational sports is critical as it enhances safety, comfort, and efficiency for players, thereby ensuring a fun and safe environment. For example, as per the Sports & Fitness Industry Association (SFIA), a sports organization based in the US, over 76% of all Americans, equating to 236.9 million people, took part in at least one leisurely activity in 2022, a rise of 1.9% from 2021. Additionally, US residents' participation in at least one sport, fitness workout, or outdoor leisure activity was higher in 2022 than the preceding five years. Therefore, the escalating involvement in recreational sports is catalyzing the growth of the ice hockey equipment market.
What Are The Key Segments Within The Global Ice Hockey Equipment Market?
The ice hockey equipment market covered in this report is segmented –
1) By Equipment Type: Ice Skates, Helmets, Stick, Protective, Apparel, Other Equipment
2) By Distribution Channel: Online, Offline
3) By End User: Individual, Institutional, Promotional
Subsegments:
1) By Ice Skates: Youth Skates, Adult Skates, Figure Skates
2) By Helmets: Full-Face Helmets, Half-Helmets, Helmet Visors
3) By Stick: Composite Sticks, Wooden Sticks, Flex Sticks
4) By Protective: Shoulder Pads, Elbow Pads, Shin Guards, Goalie Gear
5) By Apparel: Jerseys, Socks, Base Layers
6) By Other Equipment: Pucks, Training Aids, Equipment Bags
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How Are New Trends Impacting The Size Of The Ice Hockey Equipment Market?
The rise of technological advancement is a predominant trend visible in the ice hockey equipment sector. Firms dominating the ice hockey equipment industry are focused on establishing innovative products to maintain their supremacy. Notably, Bauer Hockey LLC., a renowned sports equipment company in the US, launched the AG5NT stick in October 2022. This new stick is the lightest and fastest from Bauer, featuring XE taper technology and dynamic quick-release technology for a faster and stronger shot. Created from boron fiber, a material first used in the aerospace industry, the AG5NT boasts unmatched strength, featherweight, and torsional power. It offers resilience, robustness, and helps players to increase the speed of their shots due to its unique stiffness and compression strength.
Who Are the Key Players in the Ice Hockey Equipment Market?
Major companies operating in the ice hockey equipment market include:
• Canadian Tire Corporation
• Franklin Sports Inc.
• True Temper Sports Inc.
• Riddell Inc.
• Bauer Hockey Inc.
• Warrior Sports Inc.
• Champro Sports
• CCM Hockey AB
• Superfeet Worldwide Inc.
• Sher-Wood Hockey Inc.
• Mazon Hockey International
• Snipers Edge Hockey LLC
• Winnwell Inc.
• STX LLC
• Roces Srl
• Grit Inc.
• Alkali Hockey LLC
• All Black Hockey Sticks LLC
• American Athletic Shoe Co. Inc.
• Flite Hockey Inc.
• Graf Skates AG
• Inglasco Inc.
• Mylec Inc.
• NoSweat Co.
• Verbero Hockey Inc.
• Shock Doctor Inc.
• Janletic Sports
What are the Regional Insights into the Ice Hockey Equipment Market?
North America was the largest region in the ice hockey equipment market in 2024. The regions covered in the ice hockey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
