What is Global Ice Hockey Skate Market?
The Global Ice Hockey Skate Market is a comprehensive study of the worldwide market trends and growth prospects for ice hockey skates. This market is a specialized segment of the broader sports equipment industry, focusing specifically on the skates used in the sport of ice hockey. The market encompasses a wide range of products, from entry-level skates for beginners to high-end, professional-grade skates used by elite athletes. The market's value is determined by the total revenues generated by manufacturers worldwide from the sales of these skates. In 2022, the global Ice Hockey Skate market was valued at US$ 233 million. The market is projected to grow at a steady pace, with an anticipated value of US$ 324.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029.
Senior, Junior, Youth in the Global Ice Hockey Skate Market:
The Global Ice Hockey Skate Market is segmented into three categories based on the age group of the users: Senior, Junior, and Youth. The Senior segment includes professional and amateur players who are adults. The Junior segment includes teenagers and young adults who are still learning the game and honing their skills. The Youth segment includes children who are just starting to play ice hockey. Each of these segments has different needs and preferences when it comes to ice hockey skates, and manufacturers cater to these needs with a variety of products. For instance, skates for the Youth segment are typically designed to be more comfortable and easy to use, while skates for the Senior segment are designed for performance and durability. The Junior segment is the largest segment in the Global Ice Hockey Skate Market, accounting for over 55% of the total market share.
Professional Athletes, Amateurs in the Global Ice Hockey Skate Market:
The Global Ice Hockey Skate Market serves two main types of customers: Professional Athletes and Amateurs. Professional Athletes are those who play ice hockey at a professional level, either in national leagues or international competitions. These athletes require high-quality, high-performance skates that can withstand the rigors of intense competition. On the other hand, Amateurs are those who play ice hockey for recreation or at a non-professional level. These players typically require skates that are comfortable, durable, and reasonably priced. The needs and preferences of these two types of customers are quite different, and manufacturers in the Global Ice Hockey Skate Market cater to these needs with a wide range of products.
Global Ice Hockey Skate Market Outlook:
To put the Global Ice Hockey Skate Market outlook into perspective, in 2022, the market was valued at US$ 233 million. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2029, reaching an estimated value of US$ 324.8 million. This growth is driven by the increasing popularity of ice hockey as a sport and the rising demand for high-quality ice hockey skates. The market is dominated by the top four manufacturers, who collectively hold a market share of nearly 45%. This indicates a high level of concentration in the market, with these top players exerting significant influence over market trends and dynamics. In terms of product segmentation, the Junior segment is the largest, accounting for over 55% of the total market. This reflects the high number of young people who are taking up ice hockey, either as a hobby or with the aim of becoming professional players in the future.
| Report Metric | Details |
| Report Name | Ice Hockey Skate Market |
| Accounted market size in 2023 | US$ 245.1 million |
| Forecasted market size in 2029 | US$ 324.8 million |
| CAGR | 4.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Bauer (Easton), CCM Hockey, Graf, Flite Hockey, Roces, American Athletic, Winnwell, TEK 2 Sport, Vaughn Hockey, Tour Hockey, HockeyTron |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
