Ice Skating Equipment Market in Asia Pacific is Expected to Grow At a CAGR of 5.4% by 2023

The worldwide ice skating equipment market was worth US$ 6.87 billion in 2022 and is expected to be worth US$ 16.26 billion by 2023-2033, at a CAGR of 9%.Between 2018 and 2022, the market for ice skating equipment developed at a 5% CAGR.

Global awareness of health and fitness is growing, which has led to an increase in the number of people engaging in activities such as ice skating. It is expected that ice skating equipment sales would increase in the next years as those who wish to keep fit become more involved in sports.

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Competitive Landscape:

With the installation of an improved display system by Samsung Electronics, Swiss Life rink became Switzerland’s most sophisticated ice hockey rink. The display solution delivers an updated look and features one of Europe’s largest indoor LED cubes by upgrading the hardware and software and offering technical support for the ZSC Lions. Thanks to Samsung’s unique technology, Swiss Life Arena now fulfills NHL criteria that were previously only met by North American facilities.

Winter is back in full force to the City of Toronto beginning tomorrow. Welcome T.O. Winter will open 52 outdoor ice rinks around the city over the next two weeks, giving public leisure skating, shinny, leisure figure skating, hockey tuition, learn-to-skates, novices, and chances to participate.

Key Players:

  • Decathlon S.A.
  • Bauer Hockey, Inc.
  • Easton Hockey Inc.
  • Tournament Sports Marketing Inc.
  • Reebok-CCM Hockey Inc.
  • Roces Srl
  • Graf Skates AG
  • MIZUNO Corporation
  • Tecnica Group S.p.A.
  • Kimlinan Sports Products Co. Ltd.

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Regional Analysis:

 The North American market for ice skating equipment continues to dominate the global market. Revenue in North America is predicted to more than triple by 2033. The region’s ice skating sector has grown due to a combination of favourable meteorological conditions and growing acceptance of figure skating.

Ice skating is the most popular winter activity in the region. Various styles of ice skating have emerged over time, necessitating the usage of specialized gear and equipment. Designs for a wide range of things, from blades to apparel, have evolved over time. The easy availability of the latest and most diverse equipment will continue to promote the popularity of ice skating in North America.

During the forecast period, the Asia Pacific market is predicted to grow substantially. Skating has grown in popularity in China, Japan, South Korea, and India, all of which have major leisure spending in this region. As ice skating becomes more accessible in the Asia Pacific area, the sport’s popularity is likely to rise, creating attractive growth potential. The Asia Pacific ice skating equipment market is anticipated to grow at a CAGR of 5.4% during the assessment period.

Figure skating has a high degree of viewership and involvement in China. The Chinese ice skating equipment market is likely to gain from the enormous expansion in popularity. Speed skating and figure skating are becoming increasingly popular in China. China’s market expansion

Key Segments of Industry:

  • By Buyer Type
    • Individual Ice Skating Equipment
    • Institutional Ice Skating Equipment
    • Promotional Ice Skating Equipment
  • By 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
  • By 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

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