Estimated Growth Potential Of The Ice Skating Equipment Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global ice skating equipment market is poised for an exhilarating journey, expected to surge from $5.7 billion in 2022 to $6.29 billion in 2023, with a compound annual growth rate (CAGR) of 10.4%. As we lace up our skates and delve into the details, the increasing popularity of ice-skating sports emerges as a pivotal force propelling the market forward. From figure skating to hockey, ice-skating equipment becomes a crucial companion, influencing performance, comfort, and safety on the frosty surfaces.
On Thin Ice: The Rise of Ice-Skating Sports
The future of the ice-skating equipment market is intricately tied to the surging popularity of ice-skating sports. These encompass various athletic activities performed on ice surfaces using specialized ice skates. The significance of ice-skating equipment cannot be overstated; it directly impacts the skater’s performance, providing elements of balance, stability, grip, and overall support. Notably, the U.S. Synchronized Skating Championships in 2022 attracted 93 teams, showcasing the sport’s growth with over 180,000 registered skaters and more than 700 club associations after 90 years. The increasing fervor for ice-skating sports is the driving force behind the market’s expansion.
Lacing Up Excellence: Major Players in the Market
In this frosty arena, major players are taking center stage, contributing uniquely to the industry’s growth. Decathlon SA., Mizuno Corporation, and Bauer Hockey Inc. are among the key players offering a diverse range of ice-skating equipment. The market is characterized by a competitive landscape where innovation, quality, and brand reputation play pivotal roles.
Tech on Ice: The Trend of Technological Advancements
Technological advancements are carving a distinct trend in the ice-skating equipment market. Leading companies in the industry are embracing modern technologies to not only stay competitive but to revolutionize the skating experience. For example, Alien Kinetics LLC launched Driblades off-ice training technology in December 2022. This groundbreaking technology aims to accelerate the development of children into balanced, confident skaters. Driblades for Children provide an off-ice environment for young and new skaters to enhance their on-ice skills, contributing to a more holistic skating experience.
Segmenting the Skate: Understanding Market Diversity
To understand the intricate nuances of the ice skating equipment market, it is imperative to consider its segmentation:
- By Type: Accessories, Apparel, Figure Skates, Hockey Skates, Racing Skates, Recreational Skates
- By Distribution Channel: Sporting Goods Retailers, Hypermarkets and Supermarkets, Department Stores, Online Retail Stores
- By End-User: Professional Users, Personal or Recreational Users, Sports Trainers
This segmentation mirrors the diverse demands of the market, ranging from the specific type of ice-skating equipment to the preferred distribution channels and end-user preferences.
North America: Leading the Glide in 2022
In 2022, North America glided ahead as the largest region in the ice-skating equipment market. The region’s love for winter sports, coupled with a strong culture of ice-skating, contributed to its prominence. Meanwhile, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, signaling a shift in global consumption patterns.
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The Ice Skating Equipment Global Market Report 2023 provides comprehensive insights on the ice skating equipment market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the ice skating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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