NEW YORK, Aug. 22, 2023 /PRNewswire/ — The ice hockey equipment market is poised to grow by USD 421.46 million from 2022 to 2027, progressing at a CAGR of 5.08% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know the exact growth variance and the Y-O-Y growth rate Request a sample report.
Ice Hockey Equipment Market 2023-2027: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our ice hockey equipment market report covers the following areas:
- Ice Hockey Equipment Market size
- Ice Hockey Equipment Market Trends
- Ice Hockey Equipment Market industry analysis
Ice Hockey Equipment Market 2023-2027: Market Dynamics
Key Drivers- The increasing popularity of ice hockey is a key factor driving market growth.
Technological advancements are major trends in the market. Ice hockey players require more and more specialized gear. Players can choose from a variety of personalization options, including personalized graphics, colors, and sizes. For instance, producers are developing new lightweight composite materials for sticks as well as new shock-absorbing foam for helmets. The providers’ primary objective was to develop full-face helmets capable of successfully defending the athlete’s head and face. Hence, these factors are expected to drive market growth during the forecast period.
The increasing cost of material and manufacturing is a significant challenge restricting market growth. Ice hockey equipment must be made with cutting-edge materials like Kevlar, carbon fiber, and polymers, especially for protective gear like helmets, pads, and gloves. These materials can be expensive to produce and obtain, and the expense is typically passed on to the consumer. Manufacturers may struggle to maintain consumer brand loyalty and may need to increase their R&D expenditures. Hence, these factors are expected to restrict market growth during the forecast period.
Ice Hockey Equipment Market 2023-2027: Segmentation
The ice Hockey Equipment Market is segmented as below:
- Protective Gear
- Distribution Channel
- North America
- South America
- Middle East and Africa
The market share growth by the protective gear segment will be significant during the forecast period. The growth of the segment is due to the rising number of head and mouth injuries sustained during games. The demand for protective gear is increasing as ice hockey becomes more and more popular around the world. Consumer interest in sports activities has increased due to the increase in health problems and obesity. As a result, it has increased the demand for sports equipment including ice hockey equipment. Hence, these factors are expected to drive market growth during the forecast period.
- Add credibility to the strategy
- Analyzes competitor’s offerings
- Get a holistic view of the market
- Grow your profit margin with Technavio– Buy the Report
Ice Hockey Equipment Market 2023-2027: Company Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 companies operating in the Ice Hockey Equipment Market, including some of the companies such as American Athletic Shoe and Co., Formative Sports, Huashen Rubber Co. Ltd., Jackson Ultima Skates, Janletic Sports, Lazerxtech Pvt Ltd., Marty Sports SA, RK Mahajan Exports, Roces Srl, Rubena Sro, Scapa Group plc, STX LLC, True Temper Sports, Vaughn Hockey, Venus Rubbers, BAUER Hockey LLC, GRAF SKATES AG, Sport Maska Inc., Warrior Sports, and Goodworth Sports. Backed with competitive intelligence and benchmarking, our research reports on the Ice Hockey Equipment Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Ice Hockey Equipment Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist ice hockey equipment market growth during the next five years
- Estimation of the ice hockey equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ice hockey equipment market
- Analysis of the market’s competitive landscape and detailed information on companies
- Comprehensive details of factors that will challenge the growth of ice hockey equipment market companies
Gain instant access to 17,000+ market research reports.
The in-the-water sports equipment market size is estimated to grow at a CAGR of 4.43% between 2022 and 2027. The market size is forecast to increase by USD 6,085.46 million. This in-the-water sports equipment market report extensively covers market segmentation by product (sports gear and sports apparel), type (swimming, water aerobics, and water polo), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Increasing interest in and participation in water sports is a major factor driving the market growth.
The surface water sports equipment market size is estimated to grow at a CAGR of 7.96% between 2022 and 2027. The market size is forecast to increase by USD 13,175.17 million. This surface water sports equipment market report extensively covers market segmentation by type (surfing, boarding, sailing, skiing, and others), product (apparel, paddle sports equipment, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing number of water sporting facilities globally is driving the market growth.
Ice Hockey Equipment Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.08%
Market growth 2023-2027
USD 421.46 million
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 67%
Canada, US, Finland, Russia, and Sweden
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled
American Athletic Shoe and Co., Formative Sports, Huashen Rubber Co. Ltd., Jackson Ultima Skates, Janletic Sports, Lazerxtech Pvt Ltd., Marty Sports SA, RK Mahajan Exports, Roces Srl, Rubena Sro, Scapa Group plc, STX LLC, True Temper Sports, Vaughn Hockey, Venus Rubbers, BAUER Hockey LLC, GRAF SKATES AG, Sport Maska Inc., Warrior Sports, and Goodworth Sports
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents
Historic Market Size
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Drivers, Challenges, and Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ice-hockey-equipment-market-size-to-grow-by-usd-421-46-million-from-2022-to-2027–increasing-popularity-of-ice-hockey-to-boost-growth—technavio-301905216.html