Global Ice Hockey Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ice Hockey Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In Ice hockey, to prevent injuries during intense play, players wear full-body protection. Protective gear includes helmets, shoulder pads, chest pads, waist pads, body pads, elbow pads, gloves, pants, leg pads, ankle pads and more. Hockey pads are usually made of lightweight, rigid plastic shells lined with sponge or foam pads. Goalies wear special facemasks, gloves, thicker chest pads and thicker and wider leg pads.

Market Overview:

The latest research study on the global Ice Hockey Equipment market finds that the global Ice Hockey Equipment market reached a value of USD 774.84 million in 2022. It’s expected that the market will achieve USD 925.73 million by 2028, exhibiting a CAGR of 3.01% during the forecast period.

Fluctuations in raw material prices

With the influence of COVID-19 epidemic in various industries and the strict blockade and restriction measures of governments around the world, the Ice Hockey Equipment market has also been impacted to a certain extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain, including raw material suppliers of Ice Hockey Equipment. Many manufacturers who depend on the supply of imported raw materials from abroad are increasing the cost of raw materials due to the interruption of supply chain. The cost of raw materials accounts for the vast majority of the production cost of ice hockey equipment, and the fluctuation of the price of raw materials will directly affect the profits of enterprises.

Development of online sales channels

With the rapid development of the Internet era, the sales forms are constantly innovating, and the online marketing of ice hockey equipment shows great advantages in the fierce market competition. Compared with traditional marketing channels, the advantages of online sales are improved in sales cost, channel management cost, information flow and capital flow. With the continuous progress of information technology, online sales are developing at a faster speed, and the competition between online sales channels and traditional sales channels will also highlight its advantages. The emerging online sales channel not only simplifies the composition of various channels in traditional marketing, but also integrates sales, pre-sales and after-sales service, commodity and customer information inquiry, which has great advantages. The further development of online sales of ice hockey equipment will further promote the sales volume of the whole market.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
Ice hockey equipment industry is facing fierce competition. In the global market, there are many well-known enterprises with rich product systems and great brand influence, such as BAUER, CCM, etc., which have launched fierce market share competition in the market. In addition, in recent years, with the increasing popularity of ice hockey and the increasing number of participants, the demand of ice hockey equipment market is constantly increasing, attracting more participants to enter the market. The fierce market competition and more market participants pose certain challenges to the quality, after-sales guarantee and sales channels of ice hockey equipment

Region Overview:

On the basis of region, North America is projected to grow at the highest rate, taking up 67.21% of the market share in 2027.

Company Overview

BAUER is one of the major players operating in the Ice Hockey Equipment market, holding a share of 49.07% in 2022.

BAUER

Bauer Hockey is the world's leading designer, developer, manufacturer and marketer of ice hockey equipment. The Company offers skates, sticks, helmet, bags, pants, and gloves. Bauer Hockey serves customers worldwide. Founded in Kitchener, Ontario in 1927, Bauer developed the first skate with a blade attached to a boot, forever changing the game of hockey. Since then, Bauer has continued to develop the most innovative products in the industry.

CCM

CCM Hockey is a leading designer, manufacturer and marketer of hockey equipment and related apparel. With its headquarters located in Montreal, the company has operations in Canada, the United States and Europe. CCM Hockey equips more professional hockey players than any other company, including superstars like Connor McDavid, Matt Dumba, Sidney Crosby, Alexander Ovechkin, key female players such as Brianna Decker, Kendall Coyne-Schofield and Sarah Nurse and top performing Goalies such as Jakob Markstrom, Thatcher Demko and Philip Grubauer. CCM Hockey is also the official outfitter of the American Hockey League, the Canadian Hockey League, and several NCAA and National teams.

Segmentation Overview:

As for product types, the Protective Gear segment held the largest market share in 2021.

Protective Gear

In Ice hockey, to prevent injuries during intense play, players wear full-body protection. Protective gear includes helmets, shoulder pads, chest pads, waist pads, body pads, elbow pads, gloves, pants, leg pads, ankle pads and more. Hockey pads are usually made of lightweight, rigid plastic shells lined with sponge or foam pads. Goalies wear special facemasks, gloves, thicker chest pads and thicker and wider leg pads.

Ice Skates

Ice Hockey skates have a shorter, more curved blade which allows for more power to be generated and quicker turns but can make it harder to balance. The boot is generally made of molded plastic, leather, ballistic nylon, or a thermoformed composite material.

Sticks

An ice hockey stick is a piece of equipment used in ice hockey to shoot, pass, and carry the puck across the ice. Ice hockey sticks are approximately 150–200 cm long, composed of a long, slender shaft with a flat extension at one end called the blade. Stick dimensions can vary widely, as they are usually built to suit a particular player's size and preference.

Application Overview:

The market's largest segment by application is the segment Specialty and Sports Shops, with a market share of 66.95% in 2022.

Specialty and Sports Shops

A specialty store is a shop/store that carries a deep sponsorship of brands, styles, or models within a relatively narrow category of goods. specialty and sports shops are shops that focus on selling all kinds of sporting goods.

Department and Discount Stores

Discount stores are a type of department stores that offer a wide assortment of discount goods. Department stores are retail stores that offer various goods and products. A department store is sort of a one-stop shop for many people.

Online Retail

Online Retail means that consumers can find interesting products by directly visiting retailers' websites or searching in alternative suppliers by using shopping search engines, which show the availability and pricing of the same product at different electronic retailers. When the order is delivered to the seller, the seller handles the order accordingly and delivers the goods or services through online transportation or offline transportation (logistics delivery).

Key Companies in the global Ice Hockey Equipment market covered in Chapter 3:

Franklin Sports
BAUER
Tour Hockey
Graf
CCM
Sher-Wood
Warrior Sports

In Chapter 4 and Chapter 14.2, on the basis of types, the Ice Hockey Equipment market from 2018 to 2029 is primarily split into:

Protective Gear
Ice Skates
Sticks

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ice Hockey Equipment market from 2018 to 2029 covers:

Specialty and Sports Shops
Department and Discount Stores
Online Retail
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)