Specialized equipment is used by ice hockey players for both facilitating their game play and for protection purposes, as ice hockey is a sport wherein injuries are common. This equipment is used by players for protecting their bodies from fractures and bruises. Helmet, neck guard, shoulder pads, elbow pads, hockey jersey, hockey gloves, hockey pants, jockstrap, shin guards, mouth guard, and ice skate are the products that come under the purview of ice hockey equipment.
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As the market for ice hockey equipment is witnessing a number of changes, a stagnant growth has been estimated for the global ice hockey equipment market by a report of Fact.MR, during the forecast period 2017 to 2022. Revenues from the market are projected to reach nearly US$ 1,400 Mn by 2022-end.
5 Key Projections on Future of Global Ice Hockey Equipment Market
- Based on end-users, individual and institutional segments will remain lucrative in the global market for ice hockey equipment over the forecast period.
- Online sales channel will exhibit the highest CAGR in the market through 2022. Ice hockey equipment sales in franchised sports outlet, and direct to customer brand outlet are expected to exhibit a parallel expansion at similar CAGRs through 2022. Franchised sports outlet are expected to remain comparatively more lucrative than direct to customer brand outlet over the forecast period.
- Ice skates are expected to remain the most attractive product in the global ice hockey equipment market. Sales of ice skates are anticipated to reach nearly US$ 470 Mn in revenues by 2022-end. In addition, sales of skating helmets will exhibit the fastest expansion in the market through 2022.
- The ice hockey equipment market in the Middle East & Africa (MEA) is expected to witness a sluggish expansion during 2017 to 2022. Europe’s ice hockey equipment market will create absolute dollar opportunity of around US$ 25 Mn between 2017 and 2022. North America will continue to be the largest market for ice hockey equipment, in terms of revenues.
- MR’s report profiles key players actively participating in the market during this 5-year period, which include Don Simmons Sports, Inc., Sport Maska Inc., Montreal-Tackla Hockey Company, Easton Hockey, Inc., Bauer Hockey, Inc., Roces Srl, Franklin Sports Inc., Graf Skates AG, Sherwood Athletics Group Inc., and New Balance, Inc.
North America to Remain Dominant in the Market
North America will remain dominant in the global market for ice hockey equipment, in terms of revenues. The market in Europe, on the other hand, is expected to create an absolute $ opportunity of US$ 24.7 Mn during 2017 to 2022. The market in Middle East and Africa (MEA) will continue to exhibit a sluggish expansion through 2022.
Ice skates will continue to be the most lucrative product in the global ice hockey equipment market, with sales estimated to account for approximately US$ 470 Mn revenues by 2022-end. Sales of skating helmets are expected to reflect the highest CAGR in the market through 2022.
On the basis of end-user, individual segment is projected to account for the largest revenue share of the market, followed by institutional segment. Online sales channel are expected to register the fastest expansion in the global ice hockey equipment market during the forecast period. Sales of ice hockey equipment in direct to customer brand outlets, and franchised sports outlets will exhibit similar CAGRs through 2022, franchised sports outlets being more lucrative than direct to customer brand outlets.
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