Ice Hockey Equipment Market Size To Hit USD 3.13 Billion By 2030

 San Francisco, 18 Sep 2024: The Report Ice Hockey Equipment Market Size, Share & Trends Analysis Report By Product (Protective Wear, Sticks, Skates, Other), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2024 - 2030

The global ice hockey equipment market size is expected to reach USD 3.13 billion in 2030 and is projected to grow at a CAGR of 6.2% from 2024 to 2030. The market is expected to witness significant growth due to increase in participation rate, which is attributed to rise in availability of synthetic ice rinks.

Serious injuries such as head concussions, shoulder separation, and ankle sprains are common in this sport. According to an article published in the British Journal of Sports Medicine, 39.8% of the injuries were related to head and face. As a result, CCM, one of the key manufacturers of ice hockey equipment, launched the Resistance Helmet, which is considered to be one of the most innovative ice hockey helmets in Canada. Similar product launches to improve the safety are anticipated to contribute to the growth of the market during the forecast period.

Offline channels dominated the market in 2023. Players prefer to check the quality and specifications of the equipment before completing the purchase. Leveraging this preference, Pure Hockey, one of the largest hockey retailers in U.S. acquired Bauer Hockey’s “Own the Moment” retail stores. With this acquisition, Pure Hockey now operates in 53 locations across U.S.

Such sports specialty stores are anticipated to generate offline sales during the forecast period. Customer reviews, secure payment transactions, doorstep delivery, and suitable return policies are some of the features driving online sales.

North America accounted for the highest revenue share of 63.4% in 2023. The sport is also very popular in U.S., which accounted for the second largest share in the global ice hockey equipment market. Moreover, presence of key players of the industry is concentrated in this region, which is anticipated to drive sales during the forecast period.

Rest of the world is anticipated to witness the fastest growth in this market. Major attributes contributing to the growth are increasing popularity of ice hockey owing to various initiatives taken by the International Ice Hockey Federation (IIHF). In 2019, 12 Asian countries are being represented in the IIHF World Championship program. The CIS region is also anticipated to witness substantial growth on account of increasing participation in countries like Russia and Belarus.

In April 2013, Bauer launched BAUER OD1N product line that included innovative hockey skate, a fully personalized protective body suit, and an ultra-lightweight, customized goal pad constructed with unique materials, which were not previously used in the construction. This product line was aimed at expanding the product portfolio and improving the company’s performance in the market

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Ice Hockey Equipment Market Report Highlights

• Sticks accounted for the highest revenue share of 38.7% in 2023 in the global market. A hockey stick is essential for playing ice hockey, and its design and build material have evolved significantly over the years
• The online segment is expected to grow at the fastest CAGR during the forecast period. This is owing to the widespread proliferation of e-commerce stores globally
• Skates segment is expected to grow at a significant CAGR during the forecast period. Ice hockey skates comprise boots, laces, a blade, and a blade holder

Ice Hockey Equipment Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 2.17 billion
Revenue Forecast in 2030	USD 3.13 billion
Growth rate	CAGR of 6.2% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in Ice Hockey Equipment Market

• Warrior Sports (New Balance)
• Bauer Hockey (Peak Achievement Athletics Inc.)
• Sherwood (Canadian Tire Corporation)
• True Temper Sports
• CCM Hockey (Birch Hill Equity Partners)
• STX
• ROCES SPORT S.R.L
• Vaughn Hockey
• Winnwell
• GRAF SKATES AG

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About Grand View Research

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