The Ice Skating Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ice Skating Equipment Global Market Report 2024, The ice skating equipment market size has grown rapidly in recent years. It will grow from $6.29 billion in 2023 to $6.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to evolution of ice skate design and technology, influence of professional ice skating competitions, growth of recreational ice skating activities, economic prosperity and disposable income levels, fashion trends in ice skating apparel.
The ice skating equipment market size is expected to see strong growth in the next few years. It will grow to $9.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to accessibility of ice skating lessons and training programs, winter tourism and seasonal demand for equipment, expansion of indoor and outdoor skating facilities, customization and personalization of ice skating gear, increasing participation in figure skating and ice dance
Major trends in the forecast period include technological advancements in ice rink maintenance, innovation in materials for lighter and more durable skates, integration of smart technologies in ice skating equipment, sustainable and eco-friendly manufacturing practices, rise of eco-conscious and recyclable skate products, virtual reality (vr) training experiences for skaters.
The increasing popularity of ice-skating sports is expected to propel the growth of the ice-skating equipment market going forward. Ice skating sports refers to various athletic activities performed on ice surfaces using ice skates. Ice skating equipment plays a crucial role in ice skating sports as it directly impacts the skater’s performance, comfort, and safety. Ice-skating equipment is used in ice-skating sports to enhance balance, stability, grip, implementation, maintenance, and care. For instance, according to U.S. figure skating, a US-based governing body for figure skating sports, in 2022, the U.S. Synchronized Skating Championships in Colorado Springs attracted 93 teams which have increased to more than 180,000 skaters registered with U.S. figure skating after 90 years and club associations increased to more than 700. Therefore, ice-skating sports’ increasing popularity is driving ice-skating equipment’s growth.
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The ice skating equipment market covered in this report is segmented
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
Technological advancements are a key trend gaining popularity in the ice-skating equipment market. Major companies operating in the ice-skating equipment market are adopting modern technologies to sustain their position in the market. For instance, in December 2022, Alien Kinetics LLC, a Canada-based sports goods manufacturing company, launched Driblades off-ice training technology to shorten the time it takes for children to develop into balanced, more vital, and more confident skaters. Driblades for Children is a first-of-its-kind program designed to help children gain confidence in their skates on and off the ice. This technology was developed to provide an off-ice environment for youngsters and new skaters to boost their on-ice skating skills. Driblades are available for skaters of all sizes.
The ice skating equipment market report table of contents includes:
1. Executive Summary
2. Ice Skating Equipment Market Characteristics
3. Ice Skating Equipment Market Trends And Strategies
4. Ice Skating Equipment Market – Macro Economic Scenario
5. Global Ice Skating Equipment Market Size and Growth
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26. South America Ice Skating Equipment Market
27. Brazil Ice Skating Equipment Market
28. Middle East Ice Skating Equipment Market
29. Africa Ice Skating Equipment Market
30. Ice Skating Equipment Market Competitive Landscape And Company Profiles
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