Ice Skates Market Scope
Ice skates are boots with blades attached to their soles. These are manufactured from ox, deers and horse bones. Ice skates market has high growth prospects due to the evolution of sports of ice skating domestically and internationally. Additionally, the availability of ice skating at shopping malls and E-commerce platforms is steering the market growth. Factors such as increasing demand for touring and recreational skates coupled with rising consumer spending on sporting activities that will provide a positive scope for the product penetration during the forecasted timeframe. The major companies are adding more innovative techniques and technology in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the skating arenas.
In Ice Skates Market, it has been observed that most of the companies are upgrading or introducing innovative appliances such as figures skate for better strength, compatibility, and stability. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Ice Skates market throughout the predicted period.
CCM (Canada), BAUER Hockey, LLC. (United States), STX (United States), Mylec (United States), Easton Hockey (United States), GRAF (United Kingdom), Warrior (United States) and Eagle Hockey (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Alanic International (United States), GY Sports (China), Sinisalo (Finland) and Owayo (Germany).
Segmentation Overview
The study have segmented the market of Global Ice Skates market by Type (Figure Skates, Hockey Skates, Bandy Skates, Racing Skates, Touring Skates, Recreational Skates and Double Runner), by Application (Indoor and Outdoor) and Region with country level break-up.
On the basis of geography, the market of Ice Skates has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Increasing demand for ice skates from the sportsperson driving the attention of market players. The Significant technology advancements such as spring mechanism increased the speed and prevent customers from injuries are the major driving factor in the market of ice skates. With a rising number of opportunities in the touring activities boost the demand for Ice skates in the Western Region.
Market Growth Drivers:
Increasing Demand for Sports and Recreational Games and Rising Demand Due to Health Benefits Such as Weight Loss
Challenges:
Lack of Awareness among customers and Lack of Research and Development in Skating Equipment
Restraints:
Risk Associated with Skating Injuries and High Cost associated with Skating equipment
Opportunities:
Presence of Large Number of Major and Regional Players and Upsurge Demand for Touring and Leisure Activities
In March 2024,Dream Urethane, the new kid on the block in the inline skating industry, celebrated its launch last week amidst much excitement, introducing a lineup that includes four aggressive inline skate wheels and an 80mm 87A wheel. The company stands out not only for its innovative products but also for its diverse team of skaters from around the globe, each bringing their unique style and approach to the sport.
Key Target Audience
Ice Skates Manufacturers, End-Use Market Participants of Different Segments of Ice Skates, Government and Research Organizations, R&D Institutions and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.