Global Ice Skating Equipment Market Overview
Ice Skating Equipment Market Size was estimated at 10.91 (USD Billion) in 2022. The Ice Skating Equipment Industry is expected to grow from 11.42(USD Billion) in 2023 to 17.3 (USD Billion) by 2032. The Ice Skating Equipment Market CAGR (growth rate) is expected to be around 4.72% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Ice Skating Equipment Market Trends Highlighted
Ice Skating popularity has significantly increased over the past years thus enhancing the demand for Ice Skating equipment globally. The growth in the sport is attributed to an increasing number of ice rinks and skating clubs, as well as growing media coverage of figure skating events. Further, market development is facilitated by a rise in organized Ice Skating competitions and augmentation of youth involvement in these events.
The introduction of products like protective gear, adjustable skates and other technological innovations, etc, are among the important drivers that contribute to this growth. Moreover, the rising concern for health and fitness also encourages its market expansion since it offers fun-filled exercise.
One new thing in Ice Skating equipment sales is that most customers are ordering customized boots and individual accessories which indicate their desire for uniqueness or self-expression on the ice rink. In addition, there is a slow movement towards “green” skating gear production due to consumer’s environmental consciousness. This shift has also brought about online purchasing systems that not only offer variety but also convenience on top of other advantages.
Ice Skating Equipment Market Drivers
Rising Popularity of Ice Skating as a Recreational Activity
The Ice Skating Equipment Market Industry has experienced a remarkable surge due to the high popularity of Ice Skating as a recreational activity. The demand for Ice Skating gear, skates, and protective gear among other people and families who want to embrace ice skating for fun and physical fitness has significantly been driven. Moreover, there is also a growth in the skating equipment market industry due to the increasing number of recreational Ice Skating facilities and rinks across different parts of the world.
Technological Advancements in Ice Skating Equipment
The industry of Ice Skating Equipment Market has seen great strides in technology that have resulted in the production of more creative and high-performance equipment. Improved materials are being used by manufacturers to design better-fitting, safer and more comfortable ice skates. Such changes include new skate designs, blade technologies and protective gear that serve the changing demands of recreational and professional skaters.
Increasing Participation in Competitive Ice Skating
The popularity of competitive Ice Skating is on the rise, including at the level of amateurs and professionals, which has led to an enlarged Industry of Ice Skating Equipment Market. A rising number of Ice Skating competitions, tournaments, and events globally has spurred the need for specialized and quality equipment. For instance, skaters need specialized shoes, razor blades, and protective devices that can meet technical as well as performance requirements associated with competitive Ice Skating instances.
Ice Skating Equipment Market Segment Insights
Ice Skating Equipment Market Product Type Insights
The Ice Skating Equipment Market is segmented by product type into skates, protective gear, and accessories. By 2024, skates will lead the market due to the rise of Ice Skating’s popularity as a leisure activity and the multiplication in the number of Ice Skating rinks globally. Similarly, protective gear is projected to have a significant rise because many people are becoming attentive to wearing them not only for fashion but mainly to protect themselves from accidents. In addition, accessories are predicted to increase at an even pace, boosted by the growing demand for personal items like bags, helmets and gloves.
In 2023, the skates section accounted for approximately 55% of revenues from Ice Skating equipment, while the protective gear and accessories segments made up 25% and 20%, respectively. The biggest share will still belong to the skates segment during the forecast period, with its revenue estimated at USD 7.8 billion by 2032. Likewise, there will be continuous growth in the protective gear segment, which is expected to reach USD 4.3 billion by 2032 and slower growth in the accessories segment, which is expected to generate approximately USD 3.2 billion by the end of this year.
The Ice Skating Equipment Market is growing because of many factors which are highlighted. First, the popularity of Ice Skating as a recreational activity is increasing. Second, the number of Ice Skating rinks worldwide is growing. Finally, the market will profit from increasingly spreading knowledge about the need to wear protective equipment. In addition, there has been an upsurge in the number of Ice Skating competitions such as the Winter Olympics and World Figure Skating Championships, that further drive growth in this sector.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Ice Skating Equipment Market Price Insights
The Ice Skating Equipment Market is segmented by price into premium, mid-range, and economy. The premium segment held the largest share of the market in 2023 and is expected to continue to do so over the forecast period. This is due to the high quality and performance of premium Ice Skating equipment, which is preferred by professional and competitive skaters. The mid-range segment is expected to grow at a faster rate than the premium segment over the forecast period as more consumers opt for affordable and high-quality Ice Skating equipment.The economy segment is expected to account for a small share of the market over the forecast period as consumers become more willing to spend on higher-quality Ice Skating equipment.
Ice Skating Equipment Market Distribution Channel Insights
The Ice Skating Equipment Market is segmented into distribution channels such as online, offline, and direct-to-consumer. Among these, the online channel is projected to witness the highest growth rate during the forecast period, owing to the increasing popularity of e-commerce, convenience, and wider product selection. In 2023, the online channel accounted for around 35% of the Ice Skating Equipment Market revenue, and this share is anticipated to reach approximately 42% by 2032. Offline channels, including specialty stores, sporting goods stores, and department stores, currently hold a significant market share.However, their growth is expected to be slower compared to online channels due to the shift in consumer preference towards online shopping. The direct-to-consumer channel, which involves manufacturers selling directly to customers through their websites or company-owned stores, is also gaining traction, offering personalized experiences and competitive pricing.
Ice Skating Equipment Market End User Insights
Professional skaters represent a significant segment of the Ice Skating Equipment Market, contributing a sizable portion of the overall revenue. These skaters include elite athletes, competitive figure skaters, and ice hockey players. They demand high-quality equipment to enhance their performance, durability, and safety. Professional skaters often invest in customized skates, blades, protective gear, and specialized training equipment to meet their specific needs. The increasing popularity of professional Ice Skating competitions and events further fuels the growth of this segment.Amateur skaters, including recreational and competitive skaters, constitute another key segment of the Ice Skating Equipment Market. This segment is driven by the growing interest in Ice Skating as a recreational activity and sport. Amateurs prioritize comfort, affordability, and functionality in their equipment choices. They often purchase skates, helmets, and other protective gear designed for casual skating or entry-level competitions. The rising number of skating rinks and community Ice Skating programs contributes to the growth of the amateur skating segment.Recreational skaters represent a substantial segment of the Ice Skating Equipment Market. They participate in Ice Skating for leisure and enjoyment rather than competition. This segment includes individuals and families who engage in Ice Skating as a hobby or social activity. Recreational skaters typically seek equipment that offers comfort, durability, and value for money. They often purchase skates, helmets, and other accessories designed for recreational use. The increasing popularity of Ice Skating as a recreational activity drives the growth of this segment.
Ice Skating Equipment Market Regional Insights
The regional segmentation of the Ice Skating Equipment Market offers insights into the market's geographic distribution and performance across different regions. North America is expected to dominate the market, accounting for a significant share of the Ice Skating Equipment Market revenue in 2024. The region's well-established Ice Skating infrastructure, high participation rates in Ice Skating sports, and presence of major manufacturers contribute to its leading position. Europe follows closely behind North America, driven by a strong skating culture, particularly in countries like Russia, Germany, and the Netherlands.The Asia-Pacific region is projected to witness substantial growth in the coming years, fueled by rising disposable incomes, increasing popularity of Ice Skating as a recreational activity, and government initiatives to promote winter sports. South America and the Middle East and Africa (MEA) regions are expected to contribute smaller shares to the Ice Skating Equipment Market, but they present opportunities for market expansion as Ice Skating gains popularity in these regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Ice Skating Equipment Market Key Players And Competitive Insights
Major players in the Ice Skating Equipment Market industry are continuously developing and launching new products to cater to the evolving needs of consumers. Leading Ice Skating Equipment Market players are focusing on innovation and technological advancements to enhance the performance and safety of their products. The Ice Skating Equipment Market development is driven by the increasing popularity of Ice Skating as a recreational activity and the growing demand for high-quality equipment. The Ice Skating Equipment Market Competitive Landscape is characterized by the presence of both established and emerging players.Jackson Ultima Skates is a leading company in the Ice Skating Equipment Market. The company offers a wide range of ice skates for recreational and competitive skaters. Jackson Ultima Skates are known for their high quality and durability. The company has a strong distribution network, and its products are available in over 50 countries. Jackson Ultima Skates is committed to innovation and product development. The company regularly introduces new products and technologies to meet the evolving needs of skaters.Riedell Skates is a major competitor in the Ice Skating Equipment Market. The company offers a wide range of ice skates for recreational and competitive skaters. Riedell Skates are known for their comfort and performance. The company has a strong distribution network, and its products are available in over 40 countries. Riedell Skates is committed to providing skaters with the best possible equipment to help them reach their full potential. The company regularly introduces new products and technologies to meet the evolving needs of skaters.
Key Companies in the Ice Skating Equipment Market Include
Ice Skating Equipment Market Industry Developments
The Ice Skating equipment market is expected to reach USD 17.3 billion by 2032, exhibiting a CAGR of 4.72% during the forecast period (2024-2032). The growth of the market can be attributed to increasing participation in Ice Skating activities, rising disposable income, and advancements in Ice Skating technology.Recent developments in the market include the launch of new products by leading manufacturers, such as Bauer's Supreme Ultrasonic skates and CCM's RibCor Nexus skates. These skates incorporate advanced materials and designs to enhance performance and comfort. Additionally, there has been a growing trend towards online sales of Ice Skating equipment, driven by the convenience and wide selection offered by e-commerce platforms.
Ice Skating Equipment Market Segmentation Insights
Ice Skating Equipment Market Product Type Outlook
Ice Skating Equipment Market Price Outlook
Ice Skating Equipment Market Distribution Channel Outlook
Ice Skating Equipment Market End User Outlook
Ice Skating Equipment Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 10.91(USD Billion) |
| Market Size 2023 | 11.42(USD Billion) |
| Market Size 2032 | 17.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.72% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Wifa Skates, Botas Skates, MK Skates, Van der Wegen Skates, Riedell Skates, Coronation Skates, Graf Skates, Harlick Skates, Risport Skates, Seba Skates, Salomon Skates, Roces Skates, Jackson Ultima Skates, Powerslide Skates, Edea Skates |
| Segments Covered | Product Type, Price, Distribution Channel, End User, Regional |
| Key Market Opportunities | Growing popularity of Ice Skating as a recreational and fitness activity Increasing demand for high-quality and innovative Ice Skating equipment Emergence of new technologies and materials in Ice Skating equipment Growing popularity of indoor Ice Skating rinks Expansion of the Ice Skating industry in emerging markets |
| Key Market Dynamics | Increasing popularity of Ice Skating Rising participation in recreational and competitive skating Growing demand for performance gear Athletes seeking specialized equipment for improved speed, agility and control Advancements in blade technology Innovations in materials and design enhancing performance and durability Expansion into new markets Growing popularity in emerging regions driving demand for affordable and accessible equipment Sustainability initiatives Focus on eco-friendly production and end-of-life solutions for equipment disposal |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Ice Skating Equipment market is expected to reach a valuation of 11.42 billion USD in 2023, showcasing a promising growth trajectory.
The Ice Skating Equipment market is anticipated to witness steady growth, expanding at a CAGR of 4.72% from 2024 to 2032.
North America currently dominates the Ice Skating Equipment market, capturing a significant market share due to the region's well-established Ice Skating infrastructure and enthusiastic participation in the sport.
Ice Skating Equipment finds applications in various segments, including recreational skating, competitive figure skating, ice hockey, and speed skating.
Bauer, CCM, Graf Skates, Jackson Ultima, Riedell Skates, and Tour Skates are among the leading manufacturers in the Ice Skating Equipment market.
The increasing popularity of Ice Skating as a recreational activity, growing participation in ice hockey and figure skating, and technological advancements in equipment design are key factors propelling the growth of the Ice Skating Equipment market.
Fluctuating raw material costs, intense competition, and the impact of seasonal factors on demand pose challenges to the growth of the Ice Skating Equipment market.
The integration of advanced materials, the adoption of 3D printing technology, and the focus on sustainable and eco-friendly products are emerging trends shaping the Ice Skating Equipment market.
The Ice Skating Equipment market is projected to reach a valuation of 17.3 billion USD by 2032, reflecting a steady growth over the forecast period.
The Asia-Pacific region is anticipated to exhibit the highest growth rate in the Ice Skating Equipment market, driven by increasing disposable income, growing awareness of Ice Skating, and the development of new skating facilities.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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