Enjoy complimentary customisation on priority with our Enterprise License!
The report includes a comprehensive outlook on the hockey equipment market offering forecasts for the industry segmented by Distribution Channel, which comprises offline and online. Additionally, it categorizes Product into sticks, protective gear, footwear, and others and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments. It also includes an in-depth analysis of the increasing popularity of ice hockey, customizations and technological advancements in the global hockey equipment market, and increasing cost of material and manufacturing of hockey equipment
To learn more about this report, View Sample PDF
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Hockey Equipment Market. One of the major companies in the market include:
Atlas Hockey - The company offers hockey equipment such as sticks, gloves, bags, and others.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Atlas Hockey, BAUER HOCKEY LLC, Canadian Tire Corp. Ltd., CanAm Underwater Hockey Gear LLC, GRAF SKATES AG, Grays of Cambridge Ltd, GRYPHON Hockey, Harrow Sports, K1 Sportswear, Pentland Brands Ltd., Princess Hockey, RK Mahajan Exports, Sport Maska Inc., STX LLC, TK Sports GmbH, True Temper Sports, Vaughn Hockey, Warrior Sports Inc., Mazon Hockey, and Adidas AG
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. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our researchers analyzed the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing popularity of ice hockey is notably driving the market growth. Ice hockey is becoming more popular in countries outside North America, driving demand for equipment in new markets such as Asia. Asian countries with winter seasons are slowly developing a credible ice hockey program by collaborating to form a league known as the Asia League Ice Hockey. Manufacturers are expanding their distribution networks to reach customers in these countries.
Moreover, with the rise of online shopping, e-commerce has become an increasingly important channel for hockey equipment sales. Many manufacturers, such as BAUER, have developed online platforms to sell their products directly to consumers. Thus, the growing popularity of ice hockey will bolster the growth of the market during the forecast period.
Customizations and technological advancements in the global hockey equipment market is an emerging trend shaping the market growth. There has been a growing demand for customized equipment among hockey players. Manufacturers offer personalized options for players, including custom graphics, colors, and sizing. Advanced materials and technologies are being increasingly adopted in the global hockey equipment market.
For instance, manufacturers are developing new lightweight and durable composite materials for sticks and new shock-absorbing foams for helmets. The increasing demand for advanced products such as protective gear and skates will boost the demand for hockey equipment, which in turn will boost the growth of the market during the forecast period.
The increasing cost of materials and manufacturing of hockey equipment is a significant challenge hindering the market growth. One potential challenge for the global hockey equipment market is the increasing cost of materials and manufacturing. Hockey equipment, particularly protective gear like helmets, pads, and gloves, requires advanced materials such as Kevlar, carbon fiber, and plastics. These materials can be expensive to source and produce, and the costs are often passed on to consumers.
Additionally, as awareness of the risks of head injuries and concussions in sports continues to grow, there may be increased demand for higher-quality, more protective equipment. This could further drive up costs and make it difficult for some consumers to afford the latest and most advanced gear. Thus, the fluctuating cost may hamper the growth of the global hockey equipment market during the forecast period.
Get a detailed analysis of drivers, trends, and challenges Request Free PDF Sample !
The market share growth by the offline segment will be significant during the forecast period. The offline segment is the major segment among the distribution channels in the global hockey equipment market. The offline segment includes hypermarkets, supermarkets, and speciality stores. The consumer prefers buying through offline channels as it gives freedom to check the quality and specification of the products the vendors offer. The offline is the largest segment and was valued at USD 4.63 billion in 2018. The considerable growth in the adoption of retail channels by vendors operating in the market across the globe will drive customer familiarization with different types of products, which will drive the sales of hockey equipment globally during the forecast period. Though offline distribution channels are losing market to online channels, extensive marketing will leverage the sales through offline channels at a steady rate. Therefore, increased sales of hockey equipment through offline channels will positively impact the growth of the segment as well as the global hockey equipment market during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
Based on product, the market has been segmented into sticks, protective gear, footwear, and others. The sticks?segment will account for the largest share of this segment.?
North America is estimated to contribute 43% during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America dominated the global hockey equipment market with the highest market share in 2023. Hockey is very popular in Canada, along with ice hockey as the national winter sport and probably the most popular game in the country, which makes it a potential market for vendors to expand their presence. In the US, the National Hockey League (NHL) and other broadcasting networks heavily promote ice and field hockey, which is positively impacting the growth of the global hockey equipment market.
In addition, the growing emphasis of people on games is expected to propel the demand for sports equipment, such as ice hockey equipment, in North America. The rising number of frequent or regular players and the increase in the demand for hockey equipment, especially among the younger generation, is also expected to propel the growth of the hockey equipment market in North America during the forecast period.
|
Hockey Equipment Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2023 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.91% |
|
Market Growth 2024-2028 |
USD 2.69 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
6.49 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 43% |
|
Key consumer countries |
US, Canada, Russia, Sweden, and Finland |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
Atlas Hockey, BAUER HOCKEY LLC, Canadian Tire Corp. Ltd., CanAm Underwater Hockey Gear LLC, GRAF SKATES AG, Grays of Cambridge Ltd, GRYPHON Hockey, Harrow Sports, K1 Sportswear, Pentland Brands Ltd., Princess Hockey, RK Mahajan Exports, Sport Maska Inc., STX LLC, TK Sports GmbH, True Temper Sports, Vaughn Hockey, Warrior Sports Inc., Mazon Hockey, and Adidas AG |
|
Market dynamics |
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, Market condition analysis for the forecast period. |
|
Customization purview |
If our 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. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
