Outlook on the Worldwide Ice Hockey Equipment Market to 2025 - Asia-Pacific to Witness Strong Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Ice Hockey Equipment Market Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Global ice hockey equipment market is projected to grow at a CAGR of 3.8% during the forecast period.

Rising interest and participation rates in ice skating sports like ice hockey, a rise in the number of waterless ice skating arenas, changes in the rules of goalie protective gear, shorter life cycle of sticks, increasing government initiatives to encourage participation in ice hockey, growth in the number of ice rinks, increasing televised coverage of international ice hockey events and the rising adoption of online shopping channels by consumers, are some of the major factors driving the sales of ice hockey equipment globally.

Most vendors are adopting online retail strategies to reduce costs and increase their margins, which will benefit the market during the forecast period. Thus, manufacturers make sure that every product they are selling offline must be available online as well.

Companies Mentioned

• BAUER Hockey, LLC
• Sher-Wood Hockey Inc.
• Franklin Sports Inc.
• New Balance, Inc. (Warrior Sports)
• Wm T. Burnett & Co., Inc. (STX)
• CCM
• TOUR HOCKEY
• American Athletic Shoe

Key Market Trends

Surge in Number of Ice Hockey Tournaments Owing to Increased Participation Rate

North America has been the most active participant of ice hockey since it's inception as it is widely played in Canada and U.S. on professional, semi-pro and junior levels. National Hockey League, American Hockey League (US, Canada), Liga Mexicana Eite (Mexico), Ontario Hockey League (Canada), East Coast Hockey League (US, Canada), etc. are some of the popular ice hockey organizations across the region. This, in turn, has provided an immense opportunity for hockey equipment manufactures to build their brand equity by providing sponsorships and endorsements to well-known players and clubs, in order to gain a competitive advantage over their competitors.

Moreover, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market in the last few years. This, in turn, has significantly increased the popularity of the sport, especially in the youths. For instance, IIHF is engaged in organizing international ice hockey and tournaments across the world. The main functions of the IIHF are to govern, develop and organize hockey throughout the world.

Asia-Pacific to Witness Strong Growth in Ice Hockey Equipment Market

Asia-Pacific is the fastest growing region in the global Ice Hockey equipment market. China, Australia, Japan, and South Korea are the top contributing countries in the region. Moreover, these countries have started hosting many international level Ice Hockey tournaments, which, in turn, will increase the popularity and demand for ice hockey equipment. Asian Winter Games and the IIHF Ice Hockey Challenge Cup of Asia are some of the popular ice hockey tournaments in the region.

Moreover, increasing governing body associations and growth in the construction of ice rinks are some of the major factors making the region a lucrative market for ice hockey equipment. In addition, there's a rise in women's participation rate and government initiatives that is likely to boost the demand for the ice hockey equipment in the region.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Ice Hockey Protective Gear and Accessories

5.1.2 Ice Hockey Skates

5.1.3 Ice Hockey Sticks

5.2 By Distribution Channel

5.2.1 Offline Retail Stores

5.2.2 Online Retail Stores

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Spain

5.3.2.2 United Kingdom

5.3.2.3 Germany

5.3.2.4 France

5.3.2.5 Italy

5.3.2.6 Russia

5.3.2.7 Rest of Europe

5.3.3 Asia Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 South Korea

5.3.3.4 Australia

5.3.3.5 Rest of Asia-Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East and Africa

5.3.5.1 South Africa

5.3.5.2 United Arab Emirates

5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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