Adidas, Grays, and Gryphon Hockey Dominated the Global Field Hockey Equipment Market in 2015 with 48% Share: Technavio

LONDON--()--According to the latest market study released by Technavio, the global field hockey equipment market is expected to grow at a CAGR of 1.41% during the forecast period.

This research report titled ‘Global Field Hockey Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Field hockey has been slowly transforming, with an increasing number of women participating in the game. In 2015, out of the total hockey players globally, more than 50% were women. In the same year, out of the total hockey players in the US, over 60% were women.

The field hockey equipment market has been dominated by key players such as Adidas, Grays, and Gryphon Hockey, who sponsor top players and national hockey teams. In 2015, these three vendors together accounted for around 48% market share,” says Mantri Charan Kumar, a lead outdoor gear research analyst at Technavio.

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Based on product, the report categorizes the global field hockey equipment market into the following segments:

Global field hockey equipment market by products 2015 (market share %)

Sticks       38.96%
Shoes     31.09%
Protective gear     27.17%
Others     2.78%
   

Source: Technavio

Global field hockey market: sticks

The sticks segment has reported a significant growth, as regular players frequently change the sticks to maintain optimum performance, and also to replace the deteriorated sticks. On an average, a regular player changes two to three sticks a year as the sticks break or get damaged due to tackling the opponents' stick or while hitting the ground. These two reasons are the most common when it comes to stick damage. Also, innovation to produce lighter and stronger sticks is helping the segment grow. “Vendors have found that launching new sticks before the sport seasons or tournaments encourages the players to buy new sticks. Among the key players, Adidas dominates the stick market, as most players use these sticks. Adidas is followed by Grays, which is focusing on the sponsorship of players across the globe,” says Mantri.

The global field hockey sticks market was valued at USD 74.89 million in 2015 and is expected to reach USD 80.93 million by 2020, posting a CAGR of 1.56%.

Global field hockey market: shoes

Shoes are the second biggest revenue generator of field hockey equipment. The field hockey shoes segment is classified into turf shoes and cleats. Turf shoes are the most popular as most hockey tournaments are conducted on turf. Cleats are the protrusions on the sole of a shoe, which reported a continuous decline in use as players are shifting to turf grounds. Presently, women's field hockey shoes and cleats from Dita, Grays, and Asics are driving the market demand. Adidas is the market leader for hockey shoes in both the junior and adult hockey shoes categories. The global field hockey shoes market was valued at USD 59.77 million in 2015 and is expected to reach USD 63.32 million by 2020, posting a CAGR of 1.16%.

Global field hockey market: protective gear

Increasing awareness of injuries, especially concussions, is the key reason driving the protective gear segment. The compulsory use of goggles in high school field hockey in the US is also contributing to the revenue. Such rules will continue to drive the growth of protective gear market during the forecast period. The global field hockey protective gear market was valued at USD 52.23 million in 2015 and is expected to reach USD 56.27 million by 2020, posting a CAGR of 1.5%.

Global field hockey market: others

Other equipment for field hockey includes balls, goals and nets, targets, training balls, speed training equipment, and accessories like tap and grip. This category has the lowest revenue compared to the other segments, as these products are normally used by professional and college teams to practice. Most of the equipment, except balls and accessories, are used for more than five years, which slows down the market growth.

The global field hockey market for other equipment is valued at USD 5.34 million in 2015 and is expected to reach USD 5.69 million by 2020, posting a CAGR of 1.28%.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Adidas
  • Grays
  • Gryphon Hockey
  • OBO
  • TK Hockey

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

This research report titled ‘Global Field Hockey Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com