The Hockey Equipment Market is being driven by Increasing popularity of ice hockey
The Hockey Equipment Market is expected to grow at a CAGR of 6.91% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.69 billion. The hockey equipment market is experiencing significant growth due to the increasing preference for personalized equipment among players. Manufacturers are catering to this demand by offering customized options, including custom graphics, colors, and sizing. Advanced materials and technologies are being incorporated into hockey equipment production, such as lightweight and durable composite materials for sticks and shock-absorbing foams for helmets. The rising demand for advanced protective gear and skates will fuel market growth during the forecast period. Key industry trends include the adoption of innovative technologies to enhance player performance and safety.
Get more information on Hockey Equipment Market by requesting a sample report
The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
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 2023-2024(%) |
6.49 |
Key countries |
US, Canada, Russia, Sweden, and Finland |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Hockey Equipment Market encompasses retailers of fan merchandise, providers of training programs, distributors of game tickets, and facilitators of customization. Brands focus on manufacturing gear for all positions, with safety and innovation at the forefront. Youth leagues and initiatives receive significant attention, with sponsorships and development programs. Online channels, 3D scanning, and comparison sites cater to various skill levels. Regulations ensure safety for players, including safety regulations for sticks and equipment. Women and kids' gear, defensemen training, and tournaments for professionals are also part of this vibrant industry's history and future.
The hockey equipment market is a significant segment of the global leisure products market, which falls under the larger umbrella of the global household durables market. This market encompasses various categories, such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. According to Technavio, the global household durables market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The growth of the global leisure products market is anticipated to be driven by the surge in health and fitness club memberships, which have experienced a consistent rise over the past decade. Additionally, the market expansion can be attributed to the increasing popularity of hockey at the international level, with the sport's inclusion in the Winter Olympics and the participation of international players. Furthermore, the proliferation of synthetic arenas has facilitated the growth of the market by enabling year-round hockey play.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted