Global Ice Skate Blade Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Ice Skate Blade Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

The Ice Skate Blade is a foot-mounted metal blade used to propel the bearer through the ice while skating. Skate blades are attached to the boot using screws or rivets and usually come in one universal size that can be adjusted for different foot sizes.

Market Overview:

The latest research study on the global Ice Skate Blade market finds that the global Ice Skate Blade market reached a value of USD 469.38 million in 2023. It’s expected that the market will achieve USD 730.17 million by 2029, exhibiting a CAGR of 7.64% during the forecast period.

In addition to misery and a humanitarian crisis, the Russia-Ukraine conflict will lead to slower growth and higher inflation across the global economy. Higher prices for commodities such as food and energy will further drive up inflation, reducing real income and lowering demand. For example, the European Union followed the United States in launching multiple rounds of sanctions against Russia, which led to soaring energy prices in European countries. In the past year, inflation in Europe has remained high, and people's living costs have risen. For the Ice Skate Blade industry, from the perspective of the terminal consumer market, due to the increase in the cost of living due to the Ukrainian-Russian conflict, people reduce their consumption expenditure in the field of entertainment, which affects market development. In addition, the Russo-Ukrainian war and subsequent series of related sanctions and counter-sanctions have affected energy, food, non-ferrous metals and other bulk commodities. For the Ice Skate Blade industry, the Russo-Ukraine War may mainly affect the upstream stainless steel and other metal markets, and then affect the industry. Ukraine and Russia are important black commodity suppliers in the world; Ukraine's iron ore reserves are 2.3 billion tons, accounting for 2.7% of the world; Russia's iron ore reserves are 14 billion tons, accounting for 16.5% of the world. In addition, Russia is an important exporter of pig iron, direct reduced iron and steel scrap. Ukraine is also a major exporter of pig iron in the world. Products such as iron ore and pig iron are the main raw materials for steel production. The Russo-Ukrainian war could lead to problems with the global supply of iron ore and pig iron, leading to higher prices for steel products such as stainless steel. For the Ice Skate Blade industry, stainless steel is the company's main raw material cost, and the rise in the price of stainless steel has affected the company's production and operation.

Factors Challenging the Market

Lack of skating facilities
Complete infrastructure is a necessary prerequisite for the development of mass ice and snow sports. Ice and snow are essential resources for the development of ice and snow sports. When it comes to ice and snow, it involves temperature and geographical location. At present, the lack of skating facilities is one of the key factors affecting the popularity of skating. In some areas, due to the lack of unique geographical location and natural resources, the construction of supporting infrastructure is facing great difficulties. And the construction cost of indoor skating venue is high. According to relevant surveys, the lack of nearby ice and snow sports venues is one of the main factors that hinder the masses from participating in skating. Therefore, the lack of facilities in skating sports venues leads to a decrease in the number of people participating in skating sports, which leads to a decrease in the market demand for Ice Skate Blade. In general, the lack of facilities for skating sports venues is one of the challenges facing the development of the industry.

Driving Factors for Ice Skate Blade Market

The popularity of ice skating
Ice skating has become a much-loved sport with the increasing focus on sports and leisure activities. Ice skating is one of the main events of the Winter Olympics, including figure skating, speed skating, and ice hockey. There are many skating fans in the United States, Japan, Russia, Canada, China, Sweden and other regions. Ice skating attracts large numbers of participants and spectators, both in professional events and as a recreational activity. At present, in the Asia-Pacific region, especially in China, with the holding of the Chinese Winter Olympics and the increasing popularity of skating, Chinese skating is becoming more and more popular, and the number of sports participants continues to increase. At present, in China, more and more parents cultivate their children's interest in skating. Ice Skate Blade is an essential equipment for skating, and the market demand is also increasing accordingly. There are many types of Ice Skate Blades, including Figure Skating Blades, Speed Skate Blades, Hockey Ice Blades, Freestyle Ice Blades, etc., to meet the needs of different skating events. The popularity of skating is one of the driving factors driving the industry.

Region Overview:

In 2022, the share of the Ice Skate Blade market in North America stood at 45.34%.

Company Overview:

HD Sports is the world's leading manufacturer of figure skating blades, building exceptional blades for world-class skaters. National, world and Olympic champions choose the company's John Wilson and MK blades more than any other brand. HD Sports remains one of the foremost pioneers in skate technology, cultivating superior skating technique and pushing the limits of the sport with revolutionary manufacturing techniques.

Jackson Ultima is a global leader in figure skate boots, blades and complete skates. Expertise and passion for the sport are embodied in Jackson Ultima’s commitment to technology that enhances the performance of the world’s leading skaters. Jackson Ultima also offers a complete range of recreational figure and leisure skates to enhance the pleasure and enjoyment of all skaters.

HD Sports is one of the major players operating in the Ice Skate Blade market, holding a share of 11.86% in 2023.

Segmentation Overview:

By type, Figure Skating Blades segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Professional Athletes segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ice Skate Blade market covered in Chapter 3:

Sojuz Metall
Edea
Bauer Hockey
MapleZ
Heilong
Paramount Skates
RamonEdge
Riedell Skates
Marsblade
HD Sports
Jackson Ultima
Bladetech Hockey

In Chapter 4 and Chapter 14.2, on the basis of types, the Ice Skate Blade market from 2019 to 2030 is primarily split into:

Figure Skating Blades
Speed Skate Blades
Hockey Ice Blades

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ice Skate Blade market from 2019 to 2030 covers:

Professional Athletes
Amateurs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)