Ice Skating Equipment Market: North American Regional Market is Projected to Expand 1.2 Times by 2031 End

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Ice Skating Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Ice Skating Equipment

The report offers actionable and valuable market insights of Ice Skating Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Ice Skating Equipment Market across various industries and regions.

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This newly published and insightful report sheds light on Market Insights of Ice Skating Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Ice Skating Equipment Market.

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Market Snapshot

The global ice skating equipment market was valued at around US$ 800 Mn in 2020, which amounts to around 1% share of the overall sports equipment market, as per detailed industry analysis by Fact.MR.

Sales of ice skating equipment are slated to accelerate at a CAGR of 4% to top US$ 1.2 Bn by 2031. Demand for ice hockey skates is high when compared to all other ice skating gear, and is set to surge at a CAGR of 6% across the assessment period of 2021 to 2031

Ice Skating Equipment Market Size in 2020	US$ 800 Mn
Sales Forecast for Ice Skating Equipment by 2031	US$ 1.2 Bn
Global Market Growth Rate (2021 to 2031)	4% CAGR
Market Share Top 5 Ice Skating Equipment Manufacturers	40%

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Key Segments Covered in Ice Skating Equipment Industry Research

·         Buyer Type

• • Individual
  • Institutional
  • Promotional

·         Product Type

• • Ice Figure Skates
  • Ice Hockey Skates
  • Ice Racing Skates
  • Recreational Ice Skates
  • Ice Skating Apparels
  • Ice Skating Protection Accessories
    • Ice Skating Gloves
    • Ice Skating Jackets
    • Ice Skating Pants
    • Ice Skating Pads
    • Ice Skating Helmets

·         Sales Channel

• • Direct to Customer Brand Outlets
  • Direct to Customer Institutional Channels
  • Direct to Customer Online Channels
  • Franchised Sports Outlets
  • Independent Sports Outlets
  • Modern Trade Channels
  • Third Party Online Channels
  • Others
    • Online Sales of Ice Skating Equipment
    • Online Sales of Ice Skating Accessories
    • Offline Sales of Ice Skating Accessories
    • Offline Sales of Ice Skating Equipment

Competitive Landscape

Key ice skating equipment suppliers are expanding rapidly, both in terms of production capacity and manufacturing locations, in order to acquire a foothold in the face of strong product demand.

Material optimization, manufacturing technological automation, and product development are all things that ice skate manufacturers & suppliers are involved in.

Furthermore, more emphasis has been laid on company expansion through the establishment of new sales offices and distribution hubs in order to strengthen presence in new and possible geographic clusters.

Innovations in equipment used in ice skating and exercise and health benefits derived from ice skating are having a positive impact on the sales of ice skating equipment.

Various government organizations have aided global market growth by ensuring sports education, providing incentives and subsidies to athletes, and arranging numerous sporting events. Safety precautions such as helmets and appropriate clothing are necessary in order to avoid hazards. Artificial arenas have been developed for ice skating for people who are at long distances from natural ice-clad regions.

All these aspects are triggering demand for ice skating equipment, consequently driving growth of the global market.

Key Takeaways from Market Study

• Global ice skating equipment market to top US$ 1.2 Bn by 2031.
• Hockey skates projected to reach around US$ 550 Mn by 2031.
• Figure skates projected to record above 5% CAGR over next 10 years.
• Market in North America holds share of more than 50%.
• Market in Japan expected to reach valuation of US$ 60 Mn by 2031.
• Market in Australia to record 3% CAGR over forecast period of 2021- 2031.

“With rising health and fitness awareness, the number of people participating in sports, including ice skating is also expanding. Individuals who desire to stay in shape are actively participating in sporting activities; this rate of participation is projected to boost ice skating equipment sales over the coming years,” says a Fact.MR analyst.

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More Valuable Insights on Ice Skating Equipment Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Ice Skating Equipment, Sales and Demand of Ice Skating Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.