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6 Key Insights on Ice Skating Equipment Market Share, Growth, Region Wise Analysis of Top Players

Ice skating is observed in many snow clad regions worldwide. It is done for various reasons such as exercise, leisure, thrill etc. Ice skating can take place both on specially prepared ice surfaces or arenas as well as on naturally present bodies of frozen water. The global ice skating equipment market is influenced by several factors such as presence of waterless ice skating rinks, increasing number of population opting ice skating as a sport of thrill and leisure, growing disposable income in both developed and emerging economies, increasing ice skating sports, increasing technological developments due to which innovations are possible in ice skating equipment and increasing eco-friendly skating rinks. Also, artificial arenas have been developed for ice skating for people who are at long distances from natural ice clad regions.  All these aspects trigger the demand of the ice skating equipment consequently driving the growth of the global ice skating equipment market. North America region is expected to be the most lucrative region for ice skating equipment market.

6 Forecast Highlights on Global Ice Skating Equipment Market
  1. Hockey skates segment by product type shows dominance in terms of higher market share of about 15% and poised to grow at a moderate growth rate. The touring skates segment also shows a similar growth rate but a low market share
  2. Recreational skates segment is poised to grow at the highest growth rate and is poised to register a CAGR of 6.2% throughout the period of forecast. This segment also expected to gain highest BPS by the end of 2022, but experiences a low market share
  3. Men and kids segment by demographics are meant to grow alongside showing similar growth rates throughout the period of forecast 2017 to 2022. The women segment shows less speed in growth as compared to these segments the men segment, however, dominates the global  ice skating equipment market by demographics
  4. The economy segment by price range has a higher market share than any other segment in this category and hence dominates the market. Super premium segment by price range is poised to grow at the highest growth rate and anticipated to reflect a CAGR of 5.9% throughout the period of forecast
  5. Premium segment and the mid-range segment by price range show similar growth rates. But the premium segment shows higher market share than the mid-range segment. It is also expected that the premium segment will gain higher BPS than the mid-range segment by the end of 2022
  6. Specialty stores segment by channel dominates the global market in terms of market share as well as growth rate. The segment is poised to show a robust growth rate and register a CAGR of 6% throughout the period of forecast. It is also likely to gain the highest BPS by the end of 2022.
Economy Segment has Dominating Market Share in the Global Market
The economy segment by price range shows moderate growth rate and a higher market share as compared to other segments by revenue thereby dominating the global market. The super-premium segment is expected to grow at the highest growth rate to reflect a CAGR of 5.9% during the period of forecast and is also expected to experience a gain in the BPS by the end of 2022.
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