Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

Ice Skating Equipment Market Growth Forecast 2024-2033: What’s the Expected Rate?

There has been a considerable progression in the ice skating equipment market size over the recent years. The expansion rate is stated to be from $6.29 billion in 2023 moving up to $6.94 billion in 2024 representing a compound annual growth rate (CAGR) of 10.3%. This notable increase during the historical phase is due to factors such as advancements in ice skate design and technology, the impact of professional ice skating competitions, the rise of recreational ice skating activities, growing economic prosperity and disposable income levels, and fashion shifts in ice skating clothing.

The market size for ice skating equipment is predicted to experience robust expansion in the upcoming years, increasing to $9.89 billion in 2028 with a compound annual growth rate (CAGR) of 9.3%. Attribution for projected growth within this period touches on factors like availability of ice skating instructions and training schemes, a surge in winter tourism and seasonal equipment demand, the growth of indoor and outdoor skating facilities, as well as the inclination towards personalizing ice skating equipment. The rising interest in ice skating and ice dancing also contributes to this growth. Forecasted trends focus on technological progress in ice rink upkeep, materials innovation for creating lighter, more reliable skates, the incorporation of intelligent technology into ice skating gear, and the shift towards sustainable manufacturing practices and recyclable skate products. The burgeoning recognition of virtual reality (VR) training encounters for skaters also feature prominently in these trends.

Claim Your Free Sample of the Global Ice Skating Equipment Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=12505&type=smp

What Factors Are Impacting the Growth of the ice skating equipment Market?

The escalating interest in ice-skating sports is projected to drive the expansion of the ice-skating equipment market in the future. Ice skating sports involve a variety of physical activities that take place on ice using ice skates. The importance of ice-skating equipment in this sport is paramount since it directly influences the skater’s performance, comfort, and safety. Equipment used in ice-skating sports enhances factors such as balance, stability, grip, application, upkeep, and handling. For instance, as per the U.S. figure skating authority, a governing body in the U.S. for figure skating sports, the U.S. Synchronized Skating Championships in Colorado Springs in 2022 saw the participation of 93 teams. This figure has amplified to over 180,000 athletes enrolled with U.S. figure skating, a substantial increase over a span of 90 years. Additionally, club associations have grown to exceed 700. As a result, the burgeoning popularity of ice-skating sports is fueling the growth in demand for ice-skating equipment.

What Are the Fundamental Segments in the Ice Skating Equipment Market?

1) By Type: Accessories, Apparel, Figure Skates, Hockey Skates, Racing Skates, Recreational Skates

2) By Distribution Channel: Sporting Goods Retailers, Hypermarkets And Supermarkets, Department Stores, Online Retail Stores

3) By End-User: Professional Users, Personal Or Recreational Users, Sports Trainers

What Trends Are Shaping the New Direction of the Ice Skating Equipment Market?

Major technological innovations are an emerging trend in the ice-skating equipment industry. Large businesses in the sector are embracing new technology to maintain their market dominance. Alien Kinetics LLC, a Canadian sporting goods manufacturer, introduced Driblades off-ice training technology in December 2022, as an example of this trend. This innovative technology accelerates the development of young skaters, making them more balanced, stronger, and confident. The Driblades for Children program was developed to enhance children’s confidence in skating both on and off the ice. The intention behind this technology is to create an off-ice environment for inexperienced skaters and children, to enhance their ice-skating abilities. Driblades cater to skaters of all sizes.

Order Now for Fast Delivery of Your Ice Skating Equipment Market Report!

https://www.thebusinessresearchcompany.com/report/ice-skating-equipment-global-market-report

Which Regions Are Making a Mark in the Ice Skating Equipment Market Growth?

North America was the largest region in the ice-staking equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ice skating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Ice Skating Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the ice skating equipment market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Ice Skating Equipment Market Include

1. Ice Skating Equipment Market Executive Summary

2. Ice Skating Equipment Market Segments

3. Ice Skating Equipment Market Size And Template Market Growth Rate

4. Key Ice Skating Equipment Market Trends

5. Major Ice Skating Equipment Market Drivers

……

25. Key Mergers And Acquisitions In The Ice Skating Equipment Market

26. Top Ice Skating Equipment Companies

27. Ice Skating Equipment Market Opportunities And Strategies

28. Ice Skating Equipment Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Commercial Aircraft Landing Gear Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/commercial-aircraft-landing-gear-global-market-report

Switchgear Monitoring System Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/switchgear-monitoring-system-global-market-report

Motor Home Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/motor-home-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: