Market Size of Ice Hockey Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.94 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Ice Hockey Equipment Market Analysis
The Global Ice Hockey Equipment Market is estimated at USD 1.91 billion in 2023. It is projected to reach USD 2.43 billion by 2028, growing at a CAGR of 4.94% during the forecast period (2023-2028).
The prominence of sports activities, owing to health and wellness trends, the increasing social media influence, celebrity endorsements, and the rise in international sports events encourage people to engage in sports activities. Also, the growing adoption of a healthy lifestyle and the preference for staying fit urged people to engage in various sports activities, including ice hockey, across all age groups. Such factors are expected to drive market growth during the study period.
Increasing government initiatives to encourage participation in ice hockey are dragging the consumers and players to invest their spending, a significant factor driving the market eventually. Protective wear occupied the largest market share in the past few years due to severe injuries such as head concussions, shoulder separation, and ankle sprains that are common in ice hockey. According to an article published in the British Journal of Sports Medicine, 39.8% of injuries were related to the head and face. As a result, CCM, one of the key manufacturers of ice hockey equipment, launched the Resistance Helmet, one of the most innovative ice hockey helmets in Canada.
Similar product launches to improve safety are anticipated to contribute to the market growth during the forecast period. Due to rising penetration of online shopping channels, most vendors are adopting online retail strategies to reduce costs and increase their margins, which is expected to benefit the market during the forecast period.
