Technavio, a tech-focused market research firm, has published a new report on the global figure skating equipment market, which is expected to grow at a CAGR of more than 1% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global figure skating equipment market into the following key regions: North America, Europe and ROW.
Source: Technavio
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Top three contributors for the global figure skating equipment market are elaborated below
Figure skating equipment market in North America: The market for figure skating equipment in North America is flourishing primarily owing to the abundance of ice skating rinks, both indoor and outdoor, in the region. The US and Canada are the top revenue generators in the figure skating equipment market in North America.
According to Brijesh Kumar Choubey, a lead analyst at Technavio, specializing in research on outdoor gear, “Spurred by increased concerns about the environment, sporting goods manufacturers are focusing on adopting ways to make their products eco-friendly. Right from skating rinks that use recycled water to those rinks that do not use water at all, the market has been taking successive steps at creating greener products.”
Figure skating equipment market in Europe: The market’s growth in this region is driven by the high adoption rates of figure skating. Cities in Europe such as Berlin, Budapest, Cambridge, Edinburgh, London, Paris, and Vienna are also home to some of the most popular skating rinks in the world, which will foster the growth of the figure skating equipment market.
Figure skating equipment market in ROW: The market for figure skating equipment in this region is likely to register to the lowest growth during the forecast period. Lack of suitable infrastructure and warm weather are some of the factors hindering growth of the figure skating equipment market in ROW. Japan and Kazakhstan are the key revenue generating countries in this region.
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Leading vendors operating in the global figure skating equipment market are:
- Cougar
- Dongguan King Line Sports Equipment
- POWERSLIDE
- ROCES
- ROLLERBLADE
Other prominent vendors in the market include EDEA, Jackson Ultima, K2 Sports, Riedell Shoes, Risport Skates, Roller Derby, and SP-Teri.
A more detailed analysis is available in the Technavio report titled, ‘Global Figure Skating Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Ice Skating Equipment Market 2016-2020
- Global Skating Shoes Market 2016-2020
- Global Ice Hockey Equipment Market 2016-2020
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