Industry Background:
The ice hockey game is normally played in skating rinks. Apart from equipment such as hockey sticks, ice skates, and the puck, ice hockey also requires several protective gears such as helmets, shin pads, gloves, and shoulder pads. An increase in popularity of the sport influenced by ice hockey events such as the Ice Hockey World Championship, World Cup of Hockey, and Stanley Cup is expected to encourage the youth to participate in the sport. Ice hockey is among the fastest-growing sport across the globe and popularly played across North America and Europe is the major driver for the global ice hockey apparel market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sher-Wood Hockey Inc. (Canada), BAUER Hockey, LLC (United States), Franklin Sports Inc. (United States), New Balance, Inc. (United States), CCM Hockey (Canada), Cooper Canada Ltd. (Canada), Vaughn Hockey (United States) and Winnwell Inc. (Canada) |
According to AMA, the market for Ice Hockey Apparel is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Interest and Participation Rate in Ice Skating Sports like Ice Hockey and Rising Government Initiatives to Encourage Participation in Ice Hockey.
Globally, a noticeable market trend is evident Rising Adoption of Online Shopping Channels by Consumers The Apparel, Accessories & Luxury Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sher-Wood Hockey Inc. (Canada), BAUER Hockey, LLC (United States), Franklin Sports Inc. (United States), New Balance, Inc. (United States), CCM Hockey (Canada), Cooper Canada Ltd. (Canada), Vaughn Hockey (United States) and Winnwell Inc. (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In July 2017,Earlier adidas announced that it has entered into a definitive agreement to sell its CCM ice hockey brand to a newly formed affiliate of Birch Hill Equity Partners. The transaction, which is subject to customary closing conditions, is expected to be completed during the third quarter of 2017.
Influencing Trend:
Rising Adoption of Online Shopping Channels by Consumers
Market Growth Drivers:
Increasing Interest and Participation Rate in Ice Skating Sports like Ice Hockey and Rising Government Initiatives to Encourage Participation in Ice Hockey
Challenges:
High Risk of Severe Injuries while Playing Ice Hockey
Restraints:
High-Cost Associated with Ice Hockey Apparel
Opportunities:
Increasing Televised Coverage of International Ice Hockey Events and Rise in Number of Waterless Ice Skating Arena
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ice Hockey Apparel Market
- Analysis about New Entrants in Ice Hockey Apparel Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ice Hockey Apparel Study Sheds Light on
The Ice Hockey Apparel Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ice Hockey Apparel industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ice Hockey Apparel industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.