According to the latest market research study released by Technavio, the global ice hockey equipment market is expected to grow at a CAGR of around 4% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global ice hockey market based on product type:
Global ice hockey market share by product type 2015
|
Protective gear |
39.77% |
|
Skates |
25.32% |
|
Sticks |
25.05% |
|
Others |
9.86% |
Source:Technavio
The top three revenue contributing product segments are discussed below:
Global ice hockey equipment market: Protective gear
In 2015, the protective gear segment accounted for a majority of the revenue generated from the global ice hockey equipment market. Protective gear includes helmets, elbow pads, shin guards, shoulder pads, neck guards, padded shirts, mouthguards, blockers, facemasks, cups and supporters, and gloves. The high revenue generation from the sale of protective gear can be attributed to the IIHF mandate which makes the use of protective gear compulsory.
“Currently, the global market for ice hockey protective gear is undergoing refinement with respect to helmet technology. This trend, spurred by the lack of completely concussion-proof helmets in the market, is prompting many manufacturers to launch helmets that can protect players from concussions completely. In 2014, CCM Hockey, a subsidiary of Adidas, launched the Resistance helmet, which features a liner made up of the R.E.D. (Rotational Energy Dampening) system and impact pods. This incredibly flexible nature of the liner increases the protection and reduces the movement of players’ heads,” says Brijesh Kumar Choubey, a lead analyst at Technavio for research on outdoor gear.
Development in helmet technology to increase head protection, even though not fully protecting from concussions, has immense scope for growth in the protective gear market for ice hockey. Manufacturers in the market are investing in resources to develop this innovation and work-intensive technology.
Global ice hockey equipment market: Skates
Skates currently account for more than 25% of the global ice hockey equipment market and is expected to register substantial growth during the forecast period. The global skates market for ice hockey is anticipated to post a CAGR of 3.79% during the forecast period. The one-piece holder/runner is currently the most popular segment of this market as it is widely used among introductory level players and recreational hockey players. Technological innovations targeted at enhancing the speed will contribute to the growth of the global ice hockey skates market over the next four years.
Global ice hockey equipment market: Sticks
Sticks accounted for around 25% of the global ice hockey equipment market in 2015. The significant growth of this market segment is fueled by the need to frequently change the sticks and blades to maintain performance, especially among regular players. Valued at around $170 million in 2015, the global ice hockey sticks market is expected to post a revenue of almost $207 million by 2020.
Ice hockey sticks have a length of 150-200 centimeters and consist of a long, slim shaft with a flat expansion toward one side, called the blade. Majority of the sticks are made of one or more materials like wood, aluminum, fiberglass, graphite, Kevlar, and titanium. Among all these materials, graphite and carbon fiber are the most common building materials for sticks used in professional leagues like NHL.
The top leading vendors operating in the global golf equipment market are:
- Adidas
- New Balance
- Performance Sports Group
- Sher-Wood
- Key
Other prominent vendors in the market include American Athletic Shoe, Graf, Franklin Sports, and Tour Hockey.
A more detailed analysis is available in the Technavio report tilted, ‘Global Ice Hockey Equipment Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Air Hockey Table Market 2016-2020
- Global Hard Adventure Sports Equipment Market 2016-2020
- Global Sports Equipment Market 2016-2020
- Global Sports Turf Market 2015-2019
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