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The ice hockey equipment market size is estimated to grow by USD 393.1 million, at a CAGR of 4.6% between 2023 and 2028. The growth of the market is driven by the rising prominence of the sport, bolstered by increased merger and acquisition activities and a surge in tournaments, which collectively enhance its visibility and appeal. However, challenges persist that could impact market expansion. Escalating material and manufacturing expenses pose financial pressures on the industry, while limited participation to specific nations restricts its global reach. Additionally, there is a prevailing inclination towards field hockey, which competes for attention and resources. Addressing these challenges while leveraging the growing interest and investment in the sport will be crucial for sustained market growth and broader adoption. Balancing these factors will help maximize the potential of the market and drive future success.
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The market share growth by the protective gear segment will be significant during the forecast period. Protective gear segment dominated the market in 2023 in terms of market share. The demand for protective gear is being driven by the rising number of head and mouth injuries sustained during games.
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The protective gear segment was valued at USD 631.70 million in 2018. Wearing protective equipment reduces the severity of injuries sustained during sport-related impacts and shields the wearer from further harm. The demand for protective equipment is increasing as this sport becomes more and more popular worldwide. Consumer interest in sports activities has increased as a result of rising health concerns and obesity, which has increased demand for sports equipment like protective gear. Additionally, the growth is being fueled by the rise in the number of tournaments and the resulting rise in demand for protective gear and other equipment during the forecast period.
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North America is estimated to contribute 63% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the growth during the forecast period. In 2023, North America held the highest market share globally, driven by extensive promotion, notably by the National Hockey League (NHL) and other broadcasting networks in the United States. Unlike field hockey, this sees significant promotion in the region. The popularity of video games in North America is expected to boost the demand for sports equipment. The United States dominates the market in North America, with Mexico and Canada also playing significant roles. The market is poised for growth in the region during the forecast period due to an increase in regular players and rising demand, especially among the younger generation.
Ice hockey is a high-intensity contact sport that requires specialized equipment to ensure player safety and optimize performance. The market is driven by the increasing popularity of the sport, social media influence, and celebrity endorsements. Protective wear, including helmets, shoulder pads, elbow pads, and shin guards, are essential for players to prevent injuries from head concussions, shoulder separations, and ankle sprains. Smart helmets with sensors are gaining popularity due to their ability to monitor impact forces and potential concussions. Coaches, trainers, and medical staff rely on advanced materials and blade technology to improve player agility, speed, and durability. Aerodynamic jerseys made from high-performance fabrics reduce drag and improve player speed. Puck technology and LED lights are also key areas of innovation in the ice hockey equipment market. Blade technology, such as hollow-ground blades, improve player performance and reduce wear and tear. The use of materials like carbon fiber and titanium alloys enhances the durability of equipment. Overall, the ice hockey equipment market is expected to grow due to the increasing focus on player safety and the desire for improved performance.
The increasing popularity of ice hockey is notably driving market growth. The market is experiencing significant growth due to the increasing popularity of the sport, particularly in regions outside North America, such as Asia. Asian countries with winter seasons are developing credible ice hockey programs, forming leagues like the Asia League Ice Hockey, and expanding distribution networks for manufacturers like CCM Hockey and Bauer Hockey. International and national sports events, including the Olympic Games and World Championships, as well as the European Championships, have fueled consumer interest in ice hockey.
Further, women's participation in ice hockey is also on the rise, also expanding the market. Ice rinks remain a crucial distribution channel, alongside retail outlets and sports specialty stores, and the market is expected to continue growing with advancements in raw materials and technology, such as Defense Cloud Tech, Shocklite, Sync, Vapor, Pro Lite Tex, and Hyperlite. Thus, such factors are driving the growth of the market during the forecast period.
An emerging trend driving the market is technological advancements, especially in response to the increasing demand for these specialized equipment. Manufacturers now offer players a range of personalized options, including custom graphics, colors, and sizes. The market is expanding with the introduction of cutting-edge materials and technologies. Notably, manufacturers are innovating with new shock-absorbing foams for helmets and lightweight, strong composite materials for sticks.
Moreover, a primary focus for companies is developing full-faced mask helmets that effectively protect athletes' faces and heads. The rising demand for advanced products, including protective gear and skates, is anticipated to fuel the demand and consequently boost the growth in the forecast period.
Rising material and manufacturing costs present a major obstacle to the market. Advanced materials like Kevlar, carbon fiber, and plastics, crucial for producing protective gear, contribute to higher production expenses, often passed on to customers. The growing awareness of head injuries may drive demand for more protective equipment, further elevating costs and limiting affordability.
Additionally, athletes exploring new technologies may reduce brand loyalty, requiring manufacturers to invest in research and development for competitiveness. These factors are anticipated to hinder the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence.
Formative Sports - The company offers a wide range of sports uniforms in the segment of basketball, hockey, and rugby along with sporting goods. The key offerings of the company include Supreme Match Skate, which is designed to boost stride length and maximize top-end speed while playing.
The market analysis report also includes detailed analyses of the competitive landscape of the market and information about 20 companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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Ice hockey is a popular winter sport with significant global participation, including winter olympics sports, World Championships, winter Olympics games, and European Championships. Major equipment manufacturers, such as CCM Hockey and Bauer Hockey, dominate the market. Their product offerings include hockey sticks, skates, protective gear, and accessories. Brands like CCM's Hyperlite, Bauer's Vapor, Pro Lite Tex, and Defense Cloud Tech, and Ampere Sports' Shocklite are renowned for their innovation and quality. These brands cater to various distribution channels, including retail outlets, sports specialty stores, and online platforms like the NHL's digital platform. The market for ice hockey equipment has seen growth due to increased television coverage, women participation rate, and the expansion of ice hockey facilities, including synthetic ice arenas and skating rinks.
In addition, key raw materials used in manufacturing include composite materials and synthetic rubbers. Other notable brands include Sherwood, TRUE Sports, Warriors, and manufacturers of protective gear like shin pads, gloves, and shoulder pads. The market's growth is driven by the increasing popularity of the sport and the continuous development of advanced technology in equipment design. The market also influenced by the British Journal of Sports Medicine and the Professional Women’s Hockey League, highlighting women participation rates. The BI Enabled Market Research Database tracks trends, including Stanley Cup and ice skates innovations.
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Market Scope |
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Report Coverage |
Details |
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Page number |
150 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
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Market growth 2024-2028 |
USD 393.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.17 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 63% |
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Key countries |
Canada, US, Finland, Russia, and Sweden |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Athletic Shoe and Co., BAUER HOCKEY LLC, Formative Sports, Goodworth Sports, GRAF SKATES AG, 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, Sport Maska Inc., STX LLC, True Temper Sports, Vaughn Hockey, Venus Rubbers, and Warrior Sports Inc. |
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Market dynamics |
Parent market growth analysis, Market Forecasting, 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 market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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