Ice Hockey Equipment Market

Market Overview:

The global ice hockey equipment market size reached USD 1.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.92% during 2024-2032. The increasing consumer interest, easy availability of ice hockey equipment via online retail channels, and initiatives by governing authorities to promote ice hockey as a professional winter sport represent some of the key factors driving the market growth.

Ice hockey is a team sports played between two teams of skaters on an ice rink using various equipment, such as a helmet, stick, skates, gloves, neck and chest protector, mouthguard, and leg, shin, and arm pads. Ice hockey equipment facilitates the play of the game and protect the bodies of the players from bruises and severe fractures. It offers support to the chest, ribs, abdominal nerve plexus, spine and shoulders against flying pucks and collisions. It also protects the ginglymoid joint and arm bones from sticks, skates, and falls. It is commonly available in various materials, types, and designs and offers customization options to meet the requirements of individuals. At present, there is a rise in the demand for ice hockey equipment across the globe due to the rising consumer interest in ice hockey.

Ice Hockey Equipment Market Trends:

Increasing Global Popularity of Ice Hockey

The global market for ice hockey is significantly driven by the growing popularity of the sport in non-traditional regions outside of Canada, the U.S., and northern Europe. More nations are adopting the sport due to higher media coverage and global contests. The Winter Olympics and the IIHF World Championships draw in worldwide viewers, generating curiosity in areas where ice hockey was previously unknown. Efforts to promote ice hockey from the grassroots level are helping to expand internationalization, especially in countries such as China, which has invested significantly in ice sports in preparation for the 2022 Winter Olympics in Beijing. These advancements encourage the growth of new groups of fans and players, leading to an increased need for ice hockey equipment, venues, and entertainment, all of which play a role in the market's overall expansion. As countries increasingly invest int infrastructure, leagues, and youth programs, the popularity of the sport is growing, further driving the ice hockey equipment market.

Advancements in Equipment and Technology

Advancements in ice hockey gear are also a key factor in fueling market expansion. Players and teams seek equipment that improves performance, safety, and longevity. Leading companies are dedicating resources to research and development (R&D) in order to create advanced materials for equipment that are lighter, stronger, and safer. Protective equipment such as helmets, pads, and mouthguards have advanced to provide better shock absorption and impact resistance. Skates and sticks have advanced technologically and ergonomically, providing players with improved agility and shooting accuracy. Moreover, performance-tracking devices and smart helmets are being introduced to the market, enabling players and coaches to track real-time data such as speed, impact, and fatigue levels. This boosts player safety and also enhances training and game strategies.

Growth of Professional Ice Hockey Leagues and Events

According to the ice hockey equipment market analysis, growth of professional ice hockey leagues, especially in North America and Europe, is also propelling the market growth. The NHL continues to be the most notable and financially rewarding league, drawing worldwide interest with its top players and intense matches. NHL teams are now reaching out to international markets more by organizing exhibition games and broadcasting the sport on global networks. Likewise, the KHL and SHL European hockey leagues are still drawing in top talent and expanding their fan support. The increased exposure of these leagues worldwide has resulted in an increase in sales of merchandise, more sponsorship opportunities, and higher revenue from media rights. Additionally, the Winter Olympics and World Cup of Hockey offer more opportunities for ice hockey to connect with larger audiences.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ice hockey equipment market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on product type, distribution channel, and end user.

Product Type Insights:

• Protective Wear
• Sticks
• Skates
• Others
   

The report has provided a detailed breakup and analysis of the ice hockey equipment market based on the product type. This includes protective wear, sticks, skates, and others. According to the report, protective wear represented the largest segment.

Distribution Channel Insights:

• Online Retail Stores
• Offline Retail Stores
   

A detailed breakup and analysis of the ice hockey equipment market based on the distribution channel has also been provided in the report. This includes online and offline retail stores. According to the report, offline retail stores accounted for the largest market share.

End User Insights:

• Individual
• Institutional
• Promotional
   

A detailed breakup and analysis of the ice hockey equipment market based on the end user has also been provided in the report. This includes individual, institutional, and promotional. According to the report, individuals accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for ice hockey equipment. Some of the factors driving the North America ice hockey equipment market included the increasing participation, expansion of ice hockey arenas, and the growing adoption of ice hockey robots.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global ice hockey equipment market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• American Athletic Shoe Company
• Bauer Hockey LLC
• CCM Hockey AB
• Franklin Sports Inc.
• Garf Skates AG
• Sher-Wood Hockey Inc. (Canadian Tire Corporation)
• STX (Wm T. Burnett & Co. Inc.)
• True Temper Sport
• Warrior Sports (New Balance Athletics Inc)
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Ice Hockey Market News:

• October 2, 2024: Altor Fund VI has acquired a significant majority stake in CCM Hockey, aiming to accelerate growth opportunities and unlock new market segments. The partnership between Altor and CCM Hockey is expected to propel the iconic brand's growth journey, leveraging Altor's expertise in backing renowned consumer brands. Today, CCM is a leading designer, manufacturer and marketer of high-performance hockey equipment, accessories, figure skates and apparel.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ice hockey equipment market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global ice hockey equipment market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ice hockey equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.