Hockey Equipment Market to Grow with a CAGR of 4.5% through 2029

Global Hockey Equipment Market is driven by innovation, catering to the needs of players across various skill levels with cutting-edge gear and technology.

According to TechSci Research report, “Hockey Equipment Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Hockey Equipment Market stood at USD 12.5 billion in 2023 and is anticipated to grow with a CAGR of 4.5% in the forecast period through 2029. 

The hockey equipment market has witnessed steady growth, driven by several key factors including increasing participation rates in ice hockey, rising awareness about player safety, and advancements in technology leading to improved equipment performance. The growing popularity of ice hockey globally, particularly in regions like North America and Europe, has spurred demand for high-quality gear. Additionally, there is a heightened emphasis on safety due to a rise in awareness about concussions and injuries, leading to innovations in protective gear like helmets and pads. Technological advancements have played a significant role in the market, with manufacturers focusing on integrating new materials and designs to enhance performance and comfort. However, the market faces challenges such as the high cost of advanced equipment, which can be a barrier to entry for amateur players and teams. Additionally, the seasonality of ice hockey, with peak demand during winter months, can lead to fluctuations in sales. The market also contends with competition from alternative sports and activities that can divert potential players away from hockey. Despite these challenges, the market's overall trajectory remains positive due to the ongoing investment in technology and safety improvements, coupled with a strong interest in the sport.

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The global hockey equipment market is segmented into type, sports type, distribution channel, and region.

Based on type, the global hockey equipment market is witnessing a significant surge in demand for protective gear, driven by increasing awareness of safety among players and advancements in gear technology. Rising incidences of injuries in professional and amateur hockey leagues have underscored the importance of high-quality protective equipment. Additionally, the growing popularity of hockey in emerging markets and the influence of stringent safety regulations are propelling this demand. Manufacturers are innovating with lightweight, durable materials and enhanced ergonomic designs to improve player comfort and performance. This trend is further supported by endorsements from professional athletes and teams, which boost consumer confidence in advanced protective gear, making it a critical growth segment within the overall hockey equipment market. The influence of professional leagues like the NHL significantly impacts the market dynamics. The league not only drives interest and fandom but also sets trends and standards for hockey equipment, further solidifying North America's position as a trendsetter in the global market.

Based on region, The Asia Pacific region emerged as the fastest-growing segment in the global hockey equipment market. This growth is primarily driven by the increasing popularity of ice hockey in countries like China, Japan, and South Korea. In recent years, these nations have made significant investments in developing their ice hockey infrastructure, including the construction of new rinks and training facilities. The rising number of youth and amateur players in these countries is contributing to the growing demand for hockey equipment. Moreover, the success of international ice hockey events and the presence of NHL games in Asia have fueled interest in the sport. The region's expanding middle class and increasing disposable incomes are also enhancing the affordability and accessibility of hockey gear. However, the market in Asia Pacific still faces challenges such as a lack of widespread ice hockey traditions and limited local manufacturing capabilities. Despite these obstacles, the overall growth potential remains strong, with continued investment in infrastructure and grassroots programs expected to drive further expansion in the hockey equipment market across the region.

Major companies operating in global hockey equipment market are:

• Adidas AG
• Gryphon Hockey Ltd
• TK Sports GmbH
• ATLAS Hockey
• Kookaburra Sport Pty Ltd
• Bauer Hockey, LLC
• Warrior Sports, Inc.
• INA International Ltd (Sherwood)
• Osaka Hockey Europe NV
• Sport Maska Inc. (CCM Hockey)

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“One prominent trend in the hockey equipment market is the increasing use of advanced materials in gear production. Manufacturers are adopting lightweight, durable materials such as carbon fiber and advanced polymers to enhance the performance and safety of hockey equipment. These materials offer better protection and flexibility while reducing the overall weight of the gear, leading to improved player comfort and mobility on the ice. As technology evolves, the integration of smart technologies, such as sensors embedded in equipment to track player performance and health metrics, is also becoming more prevalent, driving innovation and player engagement in the sport”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Hockey Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Sticks, Protective Gear, Footwear, and Others), By Sports Type (Ice Hockey, Roller Hockey, Field Hockey, and Underwater Hockey), By Distribution Channel (Online and Offline), By Region & Competition, 2019-2029F, has evaluated the future growth potential of global hockey equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global hockey equipment market.

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