Ice skating is observed in many snow clad regions worldwide. It is done for various reasons such as exercise, leisure, thrill etc. Ice skating can take place both on specially prepared ice surfaces or arenas as well as on naturally present bodies of frozen water. The global ice skating equipment market is influenced by several factors such as presence of waterless ice skating rinks, increasing number of population opting ice skating as a sport of thrill and leisure, growing disposable income in both developed and emerging economies, increasing ice skating sports, increasing technological developments due to which innovations are possible in ice skating equipment and increasing eco-friendly skating rinks. Also, artificial arenas have been developed for ice skating for people who are at long distances from natural ice clad regions. All these aspects trigger the demand of the ice skating equipment consequently driving the growth of the global ice skating equipment market. North America region is expected to be the most lucrative region for ice skating equipment market.
According to Fact.MR’s research report on the global ice skating equipment market, the market is anticipated to reach a value of more than US$ 975 Mn by 2022 reflecting a steady CAGR during the forecasted period of 2017-2022.
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Ice skating is an act wherein one can move on ice with the help of ice skates. Ice skating is done for various purposes such as thrill and leisure. Ice skating equipment is used in ice skating sports which includes various types of skates, different blades, clothing etc. Safety precautions such as helmets and appropriate clothing are recommended in order to avoid hazards.
Forecast Highlights on Global Ice Skating Equipment Market
1- Hockey skates segment by product type shows dominance in terms of higher market share. It is poised to grow at a moderate growth rate.
2- In addition to hockey stakes, demand for figure stakes is also likely to grow at a robust pace during the assessment period.
3- By buyer type, the key segments include individual, institutional, and promotional. Among these, individual segment continues to be the largest. The report projects the individual segment to remain the largest market in terms of revenue during the assessment period.
4- Modern trade continue to be the largest segment in terms of revenue. Sales of ice skating equipment are also growing at a brisk pace through online channels. The report projects online sales to emerge as a lucrative sales channel during the assessment period.
5- North America is the largest market for ice skating equipment, and the status quo is likely to remain unchanged during the assessment period. The growing popularity of ice skating as an activity is likely to create new growth opportunities for manufacturers in Europe during the assessment period.
6- Manufacturers can expect a steady stream of opportunities to emerge from Asia Pacific excluding Japan (APEJ) during the forecast period.
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Modern Sales Channel Continue to Account for the Highest Sales
Sales of ice skating equipment continue to remain robust through modern trade channels. In addition to modern sales channel, demand is also growing through third party online channels. It is likely that modern trade will continue to be the most prominent sales channel throughout the assessment period, whereas sales are anticipated to grow at a brisk pace through the online channel.
North America and Europe – Two Largest Markets for Ice Skating Equipment
North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global ice skating equipment market in terms of revenue share and is expected to grow at a steady growth rate. In addition to North America, Europe is also anticipated to offer steady growth opportunities to manufacturers during the assessment period.
The report also profiles companies that are expected to remain active in the expansion of the global ice skating equipment market through 2022, which include Decathlon S.A., Bauer Hockey, Inc., Easton Hockey, Inc., Tournament Sports Marketing Inc., Reebok-CCM Hockey, Inc., Roces Srl, Graf Skates AG, MIZUNO Corporation, Tecnica Group S.p.A. Kimlinan Sports Products Co., Ltd.
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